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Helio: Drilling, Geochemical and Geophysical Surveys Commence
Feb. 28, 2011 10:18AM PST
Gold InvestingHelio Resource Corp (CVE:HRC) reports it has begun a planned 5,000m+ drill programme and geochemical and geophysical surveys on its Damara gold project, in Namibia.
The press release is quoted as saying:
Significant drill intercepts (>3m @ >2.0g/t Au) were received from drill holes over a 2.2km strike extent of altered marble. The mineralisation is open along strike to the northeast and southwest and to depth.
Helio has conducted rock sampling over the Gold Kop anomaly, and confirmed the same Au + Ag + As + Bi + Cu + Fe ± Sb association that is found at both the Navachab gold mine and on the Wilhelmstal licence. The mineralisation often has a high silver content: one chip sample returned 5.6g/t Au and 68.0g/t Ag.
Diamond and RC drilling plus geophysical surveys (detailed magnetics and IP) over the Gold Kop target will commence once the work at Wilhelmstal is finished.
Click here to access the entire news release.
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