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Helio (HRC:TSX-V) Announces Initial Resource Estimate at SMP Gold Project, Tanzania
Nov. 30, 2010 11:19AM PST
Gold InvestingHelio Resource Corp (CVE:HRC) reports that it has received a NI 43-101 compliant resource estimate for the Porcupine and Kenge targets at the SMP Gold project, Tanzania.
The press release is quoted as saying:
The estimate was completed by Golder Associates (UK) Ltd. (Golder), and represents the first resource estimate calculated for the SMP Gold Project. Golder has reported both a “restrained” and “unrestrained” resource, where the restrained resource has used spatial restrictions during estimation to limit the influence of certain high grade intercepts. Golder considers that for the purpose of public reporting it is appropriate to use the restrained model and a cut off of 0.5 g/t Au.
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