Wednesday, December 30, 2009

Helio Resource Corp (TSX: V HRC)

Helio is a well-financed junior gold exploration company focused on developing the SMP Gold project in Tanzania into a significant gold resource. Helio controls 27 km of the Saza Shear Zone, the main gold bearing structure in the region.

Since June 2006, the Company has drill-tested thirteen targets, eleven of which are hosted by the Saza Shear Zone. All thirteen targets have intersected bedrock-hosted gold mineralisation, the most advanced being the Kenge Target, which has returned up to 21.95m grading 6.92g/t gold (Company press release dated May 23, 2007).

The primary objective of the current 20,000m drill programme is to outline a resource at the 2km long Kenge target, where infill drilling is ongoing, and to demonstrate the potential to significantly increase upon that resource by drill testing newly defined targets, such as Mbenge (39m @2.6g/t Au) and Porcupine (42m @ 2g/t Au).

In addition to the SMP gold project in Tanzania, Helio has a portfolio of earlier stage projects in Namibia, Botswana and Mozambique. As part of its strategic approach to project development, Helio has joint-ventured a total of 17 of its Namibian licences: 9 to Desert Minerals (UK) Ltd. and 8 to TransAfrican Minerals Limited to fund work on these properties. Helio continues to pursue joint venture partners for its other projects in Namibia, Botswana and Mozambique, while advancing the SMP Gold project in Tanzania.

Management Team:

Christopher J. Mackenzie, M.Sc., C. Geol.
Director & COO

Richard D. Williams, M.Sc., P.Geo
Director & CEO

D. Grenville Thomas, P. Eng.
Chairman

Clifford T. Davis, CA
Director

Stephen M. Leahy
Director

Colin Jones, B.Sc., MausIMM
Director

Head Office:

Helio Resource Corporation
Suite 580 -­ 625 Howe Street
Vancouver, British Columbia, V6C 2T6
Phone: +1 604 638 8002 +1 604 638 8002
Fax: +1 604 638 8011
e-mail: richard@helioresource.com
irene@helioresource.com

http://www.helioresource.com/s/home.asp

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