Helio's latest drill discovers multiple zones of mineralisation

RC Drilling at one of the SMP Gold Project, at Kenge Rukwa Region
Helio Resource Corp, Canadian based junior gold exploration company, has discovered multiple zones of mineralisation which are open in all directions, at Konokono target in Kenge, Rukwa region.

“(The) discovery of new, very wide zones of low grade mineralisation, indicating excellent bulk tonnage potential (at SMP Gold Project),” Helio said in a statement.

The mineralization, the statement said, appears to be continuous through to the Kipanga Target (southwest to the Konokono Target), extending the strike length of mineralisation to 1,700m and is open along strike and to depth.

Mineralisation is also open to the north on the easternmost drill fence—a historical drill-hole collar drilled by AngloGold Ashanti (AGA) in the late 1990's, located some 150m north of Helio's drilling.

This indicates the potential for the Konokono target to contain two parallel North East—trending zones, approximately 100-150m apart, each with a strike length of 500-1,000m.

The Konokono Target is located along the Saza Shear Zone between the Kenge and Porcupine Targets (see the map below). Gold Mineralisation at Konokono is associated with multiple quartz veins and disseminated pyrite hosted within sericite-altered, granitic host rocks.

The SMP Gold Project covers an area of 238km2. Gold mineralisation has been identified in 30 targets within the project area. Two of these targets, Porcupine and Kenge, have been advanced to the resource stage and both, especially Porcupine, still have potential to grow significantly.

In November 2010, Golder Associates (UK) Ltd. provided an initial NI 43-101 compliant resource estimate for the SMP Gold Project.
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