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Helio Resource Corp (TSXV:HRC) reported the discovery of a new zone of bedrock gold mineralisation at the Gap target, SMP gold project, in southwestern Tanzania.
Helio Resource Corp (TSXV:HRC) reported the discovery of a new zone of bedrock gold mineralisation at the Gap target, SMP gold project, in southwestern Tanzania.
As quoted in the press release:
The zone which is at least 1.2km long, lies along the same structure that hosted the Gap Mine, a small pre-1950′s gold mine that reportedly had grades averaging around 15g/t Au (the Gap Target drilling map is presented in the following link: https://www.helioresource.com/i/pdf/2011-10-11_NRM2.pdf)
This discovery follows similar success at the Chura Target (see news release dated September 22, 2011). The Gap and Chura targets are located 4km west and 1.7km east of the Porcupine Deposit, respectively. The recent drilling confirms management’s belief that this area represents excellent potential for adding new ounces to the existing resource inventory at the SMP Gold Project.
Click here to read the Helio Resources (TSXV:HRC) press release.