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Helio's Latest Drill Results Discover Multiple Zones of Mineralisation at the Konokono Target, SMP Gold Project, Tanzania
  VANCOUVER, Jan. 17, 2012 /CNW/ - Helio Resource Corp (TSX-V: HRC) is pleased...
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nTSX-V Trading Symbol: HRC\nE-mail: [email protected]   \n\n\nToll Free: +1 888 955 4728\nWebsite: www.helioresource.com\n\n\n \n\n\nVANCOUVER, Jan. 17, 2012 /CNW/ - Helio Resource Corp (TSX-V: HRC) is\n pleased to report the final results from the 2011 RC drill programme at\n the SMP Gold Project in Tanzania. Results are from the Konokono Target,\n and confirm the presence of multiple new zones of mineralisation which\n are open in all directions. Previous drilling of the Konokono Target\n intersected grades up to 13m @ 3.7g/t Au (see Company press release\n dated February 23, 2009).\n\n\nHighlights\n\n\nDiscovery of new, very wide zones of low grade mineralisation,\n indicating excellent bulk tonnage potential;\nSER36 - 72m grading 0.5g/t Au\n\n\nSER37 - 112m grading 0.5g/t Au;\n\n\n\nIntersection of narrower, high grade zones;\nSER22 - 4m grading 11.2g/t Au\n\n\nSER36 - 8m grading 3.2g/t Au\n\n\n\nMineralisation appears to be continuous through to the Kipanga Target\n (southwest to the Konokono Target), extending the strike length of\n mineralisation to 1,700m;\n\n\nMineralisation is open along strike and to depth.\n\n\nThe 2011 drilling was intended to infill and extend the known\n mineralisation at Konokono.  A total of 29 RC drill holes (SER9-SSR37 -\n 2,670m) were drilled on six drill fence lines 200-300m apart, covering\n an east-west strike length of 1,200m.  Mineralisation is also open to\n the north on the easternmost drill fence - a historical drillhole\n collar drilled by AngloGold Ashanti (AGA) in the late 1990's, located\n some 150m north of Helio's drilling.  This indicates the potential for\n the Konokono target to contain two parallel NE-trending zones,\n approximately 100-150m apart, each with a strike length of 500-1,000m.\n\n\nFurther drilling to convert the mineralisation to NI 43-101 compliant\n resources is planned for 2012.\n\n\nThe Konokono Target is located along the Saza Shear Zone between the\n Kenge and Porcupine Targets (for exact location see project plan map at\n http://www.helioresource.com/i/pdf/2012-01-17_NRM1.pdf).  The area is characterised by the intersection of numerous NE, ENE\n and NW trending structures, which are similar to the structures\n controlling the mineralisation at both Kenge and Porcupine.\n\n\nGold Mineralisation ...