Helio Reports Commencement of Drill Programmes at Dubwana and Porcupine - Gap Targets,...

Tue Jul 14, 2009 10:14am EDT
 
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Helio Reports Commencement of Drill Programmes at Dubwana and Porcupine - Gap
Targets, SMP Gold Project Tanzania

    TSX-V Trading Symbol: HRC
    Website: www.helioresource.com


VANCOUVER, July 14 /PRNewswire-FirstCall/ - Helio Resource Corp. ("Helio" or
the "Company") (TSX-V: HRC) is pleased to announce that two drill rigs are now
active at the SMP Gold Project, Lupa Goldfields.

    Diamond Drilling - Dubwana Target
    ---------------------------------


A reconnaissance programme of 5 diamond drill holes (planned 2,500m of
drilling) has commenced at the recently discovered Dubwana Target (see news
release dated May 14, 2009).
Four diamond drill holes (2,000m) will test a 1km strike section of the 5.5km
long Dubwana Target and one diamond drill hole (500m) will test the 1.5km long
Chui Target, located approximately 2km east of Dubwana (see link below and map
posted at www.helioresource.com).

    -   Map Showing the Locations of the Dubwana, Chui, Porcupine and Gap
        Targets:
        http://www.helioresource.com/i/pdf/2009-07-14_NRM1.pdf

    Each of the five holes is planned to drill for 500m, and will test the
down dip extension of numerous surface workings that have been exploited by
artisanal miners.

    RC Drilling - Porcupine - Gap Corridor
    --------------------------------------

    A programme of RC drilling has commenced in the Porcupine - Gap target
area (see link above). The objective of this programme is to:

    -   extend mineralisation east and west along strike from the Porcupine
        Target;
    -   extend the recently discovered Quill Zone mineralisation along strike
        (see news release dated June 1, 2009), and;
    -   to explore for additional zones of mineralisation associated with the
        Saza Shear Zone which has never been drill tested previously in this
        area.

    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).

                     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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