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| 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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