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Helio Resource Corp. (TSXV:HRC) released the final results from a 17-hole reverse circulation drill program at the Gap target, located at its Tanzania-based SMP gold project.
Helio Resource Corp. (TSXV:HRC) released the final results from a 17-hole reverse circulation drill program at the Gap target, located at its Tanzania-based SMP gold project. The company believes Gap has the potential to add to the existing resource at SMP.
Highlights from target drilling at Gap include:
- Four, west-plunging, high-grade shoots identified along a 500m strike length.
- All four shoots sub-outcrop and are only drilled to a vertical depth of 100m — all of the shoots are open to depth.
- Grades appear to increase with depth.
- The best intercept was from GPR 166 (the westernmost known shoot), which returned 4m grading 30.2g/t Au. This is the best multi-metre high-grade intercept recorded on the SMP Gold Project to date.
Richard Williams, CEO of Helio, commented:
The recent infill drilling at Gap confirms our contention that the SMP Project has tremendous potential to continue to add to the existing resource base. We have numerous other targets that have been identified through mapping, geochemistry, geophysics and first pass reconnaissance drilling that have yet to be thoroughly tested by systematic drilling. The fact that some of these targets can have very high-grade mineralisation at or close to surface, as confirmed by the results of our recent drilling at Gap, is very encouraging.
Click here to read the full Helio Resource Corp. (TSXV:HRC) press release.