The Conversation (0)
Helio Resource Corp (CVE:HRC) reports drill results from the second batch of drill holes of this year’s 20,000m drill campaign at the SMP gold project, Tanzania.
The press release is quoted as sayinng:
PORCUPINE MAIN ZONE DRILLING
The drill results confirm the presence of multiple zones of mineralisation in the footwall of the main Porcupine Target. The footwall zones are open along strike to the NE and SW, and to depth.
Further to the press release:
The second drill rig is currently drilling 100m-spaced holes at the Gap target. Gap is a historical mine, located 2km from Porcupine, and lies on a 700m long NE-SW trending magnetic anomaly. One RC drill hole (GPR3) has been drilled into the main anomaly and this intercepted 8m grading 1.2g/t Au.
Helio is looking to add a third drill rig to the SMP programme to further explore the Konokono and Kipanga Targets. The 6.5km section running from Kipanga through Konokono to Chura covers a section of the Saza Shear Zone that is considered (along with the Porcupine – Gap section) to be the most prospective within the SMP. The last drill hole at the Konokono Target intersected 13.1m grading 3.7g/t Au (see news release dated February 23, 2009).