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Last C$0.02 CAD
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As of 1:50 PM 08/25/15 All times are local (Market data is delayed by at least 15 minutes).

helio resource corp (HRC) Snapshot

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helio resource corp (HRC) Details

Helio Resource Corp., an exploration stage company, engages in the exploration and development of gold properties in Tanzania and Namibia. It holds 100% interests in the Saza Makongolosi project that covers 238 square kilometers located in the Lupa Goldfield, southwest Tanzania; and Damara gold project, which covers 722 square kilometers in Central Namibia. The company is headquartered in Vancouver, Canada.

helio resource corp (HRC) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$200.0K
Chief Financial Officer
Total Annual Compensation: C$130.0K
Chief Operating Officer and Director
Total Annual Compensation: C$200.0K
Compensation as of Fiscal Year 2014.

helio resource corp (HRC) Key Developments

Helio Resource Corp. expected to report Q1 2016 results on August 27, 2015. This event was calculated by Capital IQ (Created on August 3, 2015).

Helio Resource Corp. expected to report Q1 2016 results on August 27, 2015. This event was calculated by Capital IQ (Created on August 3, 2015).

Helio Resource Corp Reports an Update on NI43-101 Compliant Mineral Resource Estimate for Its SMP Gold Project, Tanzania

Helio Resource Corp. reported that it has received an updated NI43-101 compliant Mineral Resource Estimate for its SMP Gold Project, Tanzania, from Snowden Mining Industry Consultants. The total Indicated Resource is 7.5 million tonnes (Mt) grading 2.4 grams per tonne (g/t) gold (Au) for 90,000 ounces (oz) Au contained'. This can be broken down into 5.9 Mt grading 1.8 g/t Au for 332,000 oz inside a pit constrained shell at $1,400/oz gold price and 1.6 Mt grading 4.9 g/t for 258,000 ounces of potentially underground mineable material; The total Inferred Resource is 0.56 Mt at 2.5 g/t Au containing 45,000 oz Au in the same pit constrained shell and underground configurations; The higher-grade underground resource bodies are all open at depth; and The new high-grade zones at Gap encourage further follow-up, especially the western shoot, which returned an intercept of 4m grading 30 g/t Au. Pit envelope constrained resources are reported at a 0.5 g/t Au cut-off within a pit shell using a $1,400/oz price. Underground potential was constrained within wireframes at a minimum mining width of 2.5 m and at a cut-off of 2.5 g/t Au. The new models are constrained by wireframes interpreted from geological evidence of mineralisation (shearing and alteration) and by using low grade (0.3 g/t Au) and high grade (2.5 g/t Au) cut-offs. For this estimate, Snowden created a single, domained model (using high-grade and low-grade kriging zones) for Kenge, Mbenge and Porcupine. The drill hole database cut-off date for the resource estimate database was January 31, 2015. The drill hole database for the resource estimate contains a total of 375 diamond drill holes (DDH) for 68,592.45 m and 565 reverse circulation holes totalling 51,771.70 m. The drill hole assay database consists of 64,677 samples, comprising 39,484 DDH samples and 25,193 RC samples. Helio geologists logged the drill core and RC drill chips in detail on site, supervising sawing and bagging and sampling of half the core or RC chips from mineralized intervals. Remaining core is stored in a secured on-site location. Continuous samples were taken from all RC drill holes. RC drilling conducted pre-2014 used 2m composite samples, whereas the 2014 onwards drilling uses individual 1m samples. For diamond drilling, pre-2010 sample lengths were determined by geology, but since then samples within the mineralised zones have been taken at a 1m length. Reference samples are retained on site. All samples were submitted to the laboratory with internal QA/QC checks including the use of blanks, standards and duplicates (at an average rate of 1 every 20 samples each.) Samples were assayed at the SGS Laboratory in Mwanza, Tanzania by 50g gold fire assay with an AA finish. As well as the Company's internal QA/QC programme, SGS also applied their own internal QA/QC programme, consisting of insertion of standards and duplicates.

Helio Resource Corp. Reports Drill Results from the Konokono and Porcupine Targets, SMP Gold Project, Tanzania

Helio Resource Corp. reported Porcupine was to identify down-plunge higher-grade zones of mineralization to add All 6 Diamond drill holes intersected broad zones of mineralisation (up to 50m wide) containing narrower zones of high-grade gold mineralisation (e.g. GPD136 intersected 15m at 2.2g/t Au, including 1m grading 14.5g/t Au). Mineralisation crops out at surface and is continuous for 550m down-plunge. Mineralisation remains open to depth. For Konokono, 5 drill holes intersected multiple shallow zones of mineralization along 550 meters of strike length, e.g. SER044 intersected 3m at 9g/t Au from 68 meters, SER047 intersected two separate 2m zones assaying 7.7g/t and 7.8g/t at approximately 100 meters depth, and SER052 intersected 5m at 2.7g/t Au from 7m depth. Mineralisation is continuous from surface to a depth of more than 100m. All of the higher-grade intercepts are open at depth.


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