Helio Resource Corp
Monday, September 17th, 2007
Helio Resource Corp is pleased to provide an update on its exploration activities in Namibia.
The company has completed an extensive soil sampling progamme, covering approximately 140km2, over prospective volcano-sedimentary strata on the Tevrede North licence. 4,381 soil samples were collected on a 500 x 100m sampling grid. A number of coincident anomalies were detected. Peak geochemical assays are:
â€¢ Gold 1.05g/t (Mean + 2 Standard Deviations = 0.05g/t)
â€¢ Silver 2.40g/t (M+2SD = 0.2g/t)
â€¢ Copper 838ppm (M+2SD = 82ppm)
â€¢ Lead 944ppm (M+2SD = 54ppm)
â€¢ Zinc 3,330ppm (M+2SD = 160ppm)
These results represent the highest reconnaissance soil sampling values recorded by Helio in the Kamanjab area and are considered highly significant given the wide spacing of the sampling grid.
The soil sampling programme followed up on previously-detected stream geochemical anomalies (Company press release dated March 2, 2007) and extensions of the mineralized stratigraphy drilled at the Company’s Honib licence (Company press release dated March 2, 2007), located immediately south of Tevrede North. The mineralized stratigraphy is characterized by a coincident Zn Â± Cu Â± Pb Â± Ag Â± Au anomaly over 18 kilometres long and up to 500m wide.
A second polymetalic anomaly, named Hornbill, is also present in the grid and has a peak geochemical response of 3,300ppm Zn. Five rock grab samples have been collected over the Hornbill anomaly and these returned the following assays:
Sample No, Au, Ag, Cu, Pb, Zn
RTN098 – 6.2g/t 0.43% 0.11% 0.17%
RTN099 – 6.4g/t 0.24% 1.03% –
RTN100 0.63g/t 345g/t 7.68% 4.23% 0.89%
RTN101 1.35g/t 698g/t 1.51% 1.89% 0.44%
RTN102 0.25g/t 8.5g/t 2.47% 0.16% 0.14%
Follow up detailed soil sampling and mapping is currently being planned in order to delineate drill targets.
An updated profile of the Tevrede North licence will be posted shortly on the Company’s website www.helioresource.com.
New Licences Granted
The Company is pleased to announce that it has been granted four new licences in the Damara Gold Belt close to the Company’s Vredelus and Makuru licences. The new licences are as follows:
EPL 3737 – ETJO NORTH
EPL 3738 – WILHELMSTAL
EPL 3739 – OTJIMBOJO
EPL 3741 – ETJO SOUTH