Helio Anticipates Adding to Resource Base at SMP Gold Project

Helio Resource Corp. (TSXV:HRC) released the remaining results from 2014 diamond and reverse-circulation drilling at its Tanzania-based SMP gold project. Work was focused on the Porcupine and Konokono targets.

Porcupine highlights include:

• All 6 Diamond drill holes intersected broad zones of mineralisation (up to 50m wide) containing narrower zones of high-grade gold mineralisation (e.g. GPD136 intersected 15m at 2.2g/t Au, including 1m grading 14.5g/t Au).
• Mineralisation crops out at surface and is continuous for 550m down-plunge.
• Mineralisation remains open to depth.

Konokono highlights include:

• 5 drill holes intersected multiple shallow zones of mineralization along 550 meters of strike length, e.g. SER044 intersected 3m @ 9g/t from 68 meters, SER047 intersected two separate 2m zones assaying 7.7g/t and 7.8g/t at approximately 100 meters depth, and SER052 intersected 5m @ 2.7g/t from 7m depth.
• Mineralisation is continuous from surface to a depth of more than 100m.
• All of the higher-grade intercepts are open at depth.

Richard Williams, CEO of Helio, commented:

The results from the Porcupine and Konokono drillholes reinforces our view that the SMP Project resource base will continue to grow. This drilling, along with the high-grade mineralisation identified at the Gap Target (news release dated January 29, 2015), demonstrates the potential to add near-surface and higher-grade underground resources.

Click here to read the full Helio Resource Corp. (TSXV:HRC) press release.