Helio Reports First 2009 Drill Results from the Porcupine Target, SMP Gold Project,...

Mon Jul 13, 2009 10:01am EDT
 
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Helio Reports First 2009 Drill Results from the Porcupine Target, SMP Gold
Project, Tanzania:

                             - 42m @ 2.3g/t Au
                             - 45m @ 2.1g/t Au

    TSX-V Trading Symbol: HRC                  Tel.: 604 - 638 8005
    E-mail: richard@helioresource.com    Website: www.helioresource.com


VANCOUVER, July 13 /PRNewswire-FirstCall/ - Helio Resource Corp. ("Helio" or
the "Company") (TSX-V: HRC) is pleased to announce the first results from the
2009 diamond drill programme at the Porcupine Target.
Three diamond drill holes were completed, and the results demonstrate that
gold mineralisation remains open along strike and to depth. Follow-up diamond
drilling will commence in August. The results are tabulated below.

    -------------------------------------------------------------------------
    Hole                            Intersection
    -------------------------------------------------------------------------
    GPD42                 42.0m @ 2.3g/t Au from 230.0m
    -------------------------------------------------------------------------
    GPD42              incl. 1.0m @ 52.7g/t Au from 260.0m
    -------------------------------------------------------------------------
    GPD43*       Hole not completed - Stopped in mineralisation
    -------------------------------------------------------------------------
    GPD44                 45.0m @ 2.1g/t Au from 207.0m
    -------------------------------------------------------------------------
    GPD44              incl. 1.0m @ 21.8g/t Au from 209.0m
    -------------------------------------------------------------------------

    An updated long section and cross section are presented in the links below
and at www.helioresource.com:

    -  Porcupine Target - Long Section:
       http://www.helioresource.com/i/pdf/2009-07-13_NRM1.pdf

    -  Porcupine Target - Drill Hole Section 'B':
       http://www.helioresource.com/i/pdf/2009-07-13_NRM2.pdf

    Of the 44 diamond drill holes completed at Porcupine, 37 have been drilled
into the Porcupine Main Zone. All holes have intersected gold mineralisation,
reflecting the strong continuity of mineralisation within the 450m strike
length tested to date. Hole GPD43 will be extended at a later date.

    ABOUT THE SMP GOLD PROJECT
    --------------------------

Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a 100%
interest in five contiguous licences, which cover a 35km strike length of the
Saza Shear Zone. The project covers the New Saza Gold Mine, which was the
second largest gold producer, behind the Geita Mine, in pre-Independence era
Tanzania.
Since June 2006, the Company has drill-tested eleven targets, nine of which
are hosted along the Saza Shear Zone. All eleven targets have intersected
bedrock-hosted gold mineralisation, the most advanced being the Kenge and
Porcupine Targets (see the Corporate Presentation on the Home Page of the
Company's website at www.helioresource.com).
Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as
designated by NI 43-101, supervises the exploration at the SMP project,
including the sampling and quality assurance / quality control programmes, and
has reviewed the contents of this news release. Drill holes were oriented
perpendicular to the main mineralised zone. Intercepts are reported as drilled
widths, true width is estimated to be 80-90% of reported width. Samples were
cut with a rock saw, and sampled at 1m intervals, with the counterpart
half-core being retained for reference. Samples were submitted to the lab with
internal QA/QC checks including the use of blanks and standards (ave. 1 every
17 samples) and duplicates (ave. 1 every 25 samples). Samples were assayed at
the SGS Laboratory in Mwanza, Tanzania by 50g gold fire assay. As well as the
Company's internal QA/QC programme, SGS also applied their own internal QA/QC
programme, consisting of insertion of standards and duplicates. Unless
otherwise stated, weighted average intercepts are calculated between the
uppermost and lowermost samples within the main mineralised zone using a
0.5g/t Au cut-off and may include some internal waste.

                     ON BEHALF OF THE BOARD OF DIRECTORS

         "Richard D. Williams"                  "Chris MacKenzie"
      Richard D. Williams, P.Geo         Christopher J. MacKenzie, C.Geol.
                 CEO                                   COO

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.


SOURCE  Helio Resource Corp.

Richard Williams, (604) 638-8005 or by e-mail to richard@helioresource.com

 

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