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Helio Reports on the Damara Gold Project, Namibia
Helio Reports on the Damara Gold Project, Namibia
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n Oct. 5, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nGold Zones Identified By Drilling and Soil Geochemical Surveys confirm potential for Navachab-style Gold Mineralisation\n\nTSX-V Trading Symbol: HRC\n\nVANCOUVER, Oct. 5 /CNW/ - Helio Resource Corp (TSX-V: HRC) is pleased to provide an update on its 100%-owned (through its wholly owned subsidiary, BAFEX Exploration (Pty.) Ltd.) Damara Gold Project ("DGP"), located in Namibia.\nA Joint Venture agreement between Helio and Desert Minerals (UK) Ltd was recently terminated, and the four licences (covering 396,000ha or 3,960km(2)), namely Etjo South, Okakango, Wilhelmstal and Otjimbojo, that comprise the Damara Gold Project have now reverted to Helio.\nThe exact location of the licences is presented in the link below:\nwww.helioresource.com/i/pdf/2010-10-05_NRM1.pdf\nThe DGP is located between AngloGold Ashanti's (AGA) Navachab Mine to the southwest and Auryx Gold Corp.'s Otjikoto Project to the northeast.\nA review of the data generated by Desert, and previously by AngloGold Ashanti, suggests strong potential for Navachab- and / or Otjikoto-style gold mineralisation on the four licences.\n\n\n >\n\nThe DGP licences are located between 20-100km to the east and northeast of, and in the same geological terrain as AngloGold Ashanti's Navachab mine as presented in the links below:\nwww.helioresource.com/i/pdf/2010-10-05_NRM1.pdf\nwww.helioresource.com/i/pdf/2010-10-05_NRM2.pdf\nNavachab has been in production since ...