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Helio Resumes Diamond Drilling at the Porcupine Target, SMP Gold Project, Lupa Goldfields, Tanzania
TSX-V Trading Symbol: HRC Tel.: +1 604 638 8005 E-mail: [email protected] ...
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\nTSX-V Trading Symbol: HRC Tel.: +1 604 638 8005\nE-mail: [email protected] Website: www.helioresource.com\n\n\nVANCOUVER, May 12 /CNW/ - Helio Resource Corp. ("Helio" or the "Company")\n(TSX-V: HRC) is pleased to announce that the 2009 diamond drilling programme\nhas commenced at the Porcupine target, SMP Gold Project, Tanzania.\n\n\nThe programme will initially focus on infill-drilling areas of existing\ndiamond drilling (see long section at www.helioresource.com), and is designed\nto test the plunge direction of higher grade zones identified during last\nyear's drill programme.\n\n\nAdditionally, a 5,000m RC drilling programme at the Porcupine Target is\nplanned to resume in June. This will test the potential for wide zones of gold\nmineralisation along strike to the east of the Porcupine Target towards the\nGap Target. Geochemical and geophysical anomalies, sporadic outcrop and\nintermittent small-scale artisanal workings between Porcupine and Gap suggest\nthat gold mineralisation continues between the two targets, over a strike\nlength in excess of 3km. This mineralised corridor then appears to extend a\nfurther 2km east of Gap to the Reefski Target. Drilling by Helio has\nintersected bedrock gold mineralisation at all three targets.\n\n\nSamples from the RC drill programme initiated at Porcupine in late 2008\n(see news release dated Nov 10, 2008) but not completed, due to the onset of\nthe rainy season and mechanical problems with the drill rig, have now been\nsubmitted for analysis and results are expected within the next month.\n\n\nFinally, a metallurgical sample from diamond drill core from the\nPorcupine Target has been submitted for testwork. Results will be reported as\nsoon as they are available. On the basis of petrological and SEM (Scanning\nElectron Microscope) investigations by Helio the gold mineralisation at\nPorcupine is very similar to that observed at the Kenge Target, where\nmetallurgical testwork conducted by SGS Lakefield Research Limited (see news\nrelease dated August 11, 2008) showed excellent gold recoveries of up to 96%\nthrough conventional processes.\n\n\nABOUT THE SMP GOLD PROJECT\n--------------------------\n\n\nHelio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a\n100% interest in five contiguous licences, which cover a 35km strike length ...