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Helio (TSX-V:HRC) Intersects High-Grade Gold Mineralisation at Gap Target, SMP Gold Project, Tanzania
VANCOUVER , Dec. 11, 2014 /CNW/ - Helio Resource Corp (TSX-V: HRC), ("Helio" or the "...
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n\nTSX-V Trading Symbol: HRC\n\n\n\nToll Free: +1 888 955 4728\n\n\n\nE-mail: [email protected]\n\n\n\nWebsite: www.helioresource.com\n\n\n\nVANCOUVER, Dec. 11, 2014 /CNW/ - Helio Resource Corp (TSX-V: HRC), (\"Helio\" or the \"Company\") is pleased to report results from the first eight Reverse Circulation (RC) drill holes (776m) at the Gap Target, SMP Gold Project, Tanzania.\n\nThe 8 initial RC holes (776m) were designed to identify the orientation of high-grade mineralisation previously identified in GPD 118 (5m at 5.3g/t Au):\n\n\nThe best intercept from this round of drilling returned 3m grading 18.9g/t Au from 67m (including 1m grading 48.2g/t Au); \nA west plunging high-grade shoot has been identified (conforms to the orientation of high-grade shoots at the Kenge resource area) and this remains open along strike and to depth.\nThe first reported drill intercepts are part of the Company's 7,000 - 8,000m combined diamond and RC drill programme which commenced in October.  Three targets are being drill tested (see map provided here: SMP Map) Porcupine (3,000m of diamond drilling), Gap and Konokono (4,000 – 5,000m of RC drilling).\n\nThe objectives of the drill programme are to add higher grade resource ounces down plunge from existing resources at Porcupine and to add open pittable resources ounces at Gap and Konokono.\n\nThe Gap Target\n\nPrevious widely spaced drilling (on 100m – 400m centres) over a strike length of over 1,200m has indicated the potential for a near-surface high-grade target, striking roughly E-W and dipping southwards at 75-85°.  \n\nGPD118 (drilled in 2011) intersected 5m grading 5.3g/t Au in this area.  The first RC drill holes at Gap in this current programme were designed to determine the orientation of this higher grade zone and to assess its resource potential before planning any further drilling in the vicinity.\n\nA total of eight RC holes totalling 776m were drilled northwards.  A fan of three holes was drilled 25m to the east of GPD118 (GPR158 to GPR160), and a fan of three holes was drilled 25m to the west of GPD118 (GPR161 to GPR163).  Two further holes were drilled beneath GPD118 (GPR164 and GPR165).  Notable results include 2m grading 3.2g/t Au in the shallowest easternmost hole, and 3m grading 18.9g/t Au in the deepest westernmos...