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Thursday, 29th January 2009 (935 views)

Helio Resource has reported the latest drill results from eleven holes at its Porcupine target at the SMP gold project.

The prospect in Tanzania is located on the Lupa goldfields in the south-west of the east African country and the company has claimed that the latest results "confirm management's view that Porcupine has the potential to host a significant open-pittable gold resource".

Highlights of the drilling programme include 46m at 2.1 g/t gold, 44.1m at 2.1 g/t gold and 37m at 1.6 g/t gold, with all 11 holes intersecting gold mineralisation.

Helio found the continuity of robust gold mineralisation over a 250m strike length from surface to a depth of 200m and the firm is also testing at the Kenge target at the SMP project.

Results from a further ten diamond drill holes completed at the Porcupine target will be published over the next month.

Based in Vancouver, Helio Resource is focused on the development of the SMP gold project, has optioned nine of its licences in Namibia to Desert Minerals (UK) and is seeking joint venture partners of other projects in the country.

 

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