Fenster schließen  |  Fenster drucken


Toronto, Ontario, June 18, 2008 – Lynda Bloom, President and CEO of Halo Resources Ltd.
(the “Company”) (TSXV:HLO; FSE:HRL) is pleased to announce that the 2008 regional
exploration program is being aggressively advanced with follow up of high-priority targets across
the 20 km by 15 km property package. Halo has completed 28,332 m of drilling since November
2006 with the majority of the drilling concentrated in the vicinity of four closely-spaced deposits;
Cold, Lost, Bob and Jungle Lakes. The 2008 drill program was expanded outside the immediate
areas of these deposits with a total of 16% of the drill meterage to-date being used to test
additional new high priority targets.

“Halo has a long term commitment to the Sherridon VMS Property which includes making new
discoveries, on the 20,000 hectare land package and at depths greater than 150m. We are the first
company to systematically apply the advances in new geological models, sophisticated
lithogeochemistry, structural 3-D modeling and geophysical methods with deeper penetration
capacities“, says Lynda Bloom. “We have a bank of target areas that are ranked on the basis of
these modern technologies and we are evaluating, ground-truthing, drill-testing and re-interpreting
them to advance these targets to new discoveries.” Halo will be hosting a webcast on Thursday
June 19, 2008 at 4:00 pm ET to discuss its 2008 exploration program and the identified targets on
the Sherridon property. The webcast can be accessed using the following link
http://www.investorcalendar.com/ClientPage.asp?ID=131258 or through Halo’s website
at www.halores.com.

The diamond drill program was augmented by an innovative winter Geomachine bedrock drilling
program where 604 holes were completed to a maximum depth of 37 m. The Geomachine is a
new technique being tested in Canada that allows sub-surface geological mapping in overburden
covered areas by collecting bedrock chip samples. The use of this and other state-of-the-art
methods increase the Company’s ability to find new deposits as exploration efforts are expanded
outside the immediate area of the known deposits.

The accompanying map shows the areas that were mapped in 2007, some of which had Phase I
drilling applied (for example E17), and those areas that will be mapped in 2008. Priority targets,
such as the Karl area north of Cold Lake, the northern extension of the West Mine area and other
summer-accessible targets are scheduled for drill testing over the next few months.

Assays are pending for the Geomachine bedrock samples as well as 7 drill holes completed at the
Sherridon-Bob Lake deposit which are designed to test the third dimension of the 1,000m-long
massive sulphide lens. A NI43-101 compliant report is in progress to report on resource
calculations for Cold, Lost and Bob Lakes; a NI43-101 compliant resource calculation for Jungle
Lake was reported in January 2008.

Technical Highlights

The target area drilling focused on several geophysical targets that were mapped in the 2007 field
season. For example, a total of 8 short diamond drill holes, for a total of 1,206 m were completed
at geophysical target E17 confirming the presence of the prospective mineralized horizon, which
hosts known deposits at the Sherridon VMS Property. E17 is located 5,000m east of the Bob Lake
deposit and mineralization was reported within 200m of surface.

Results from the E17 semi-massive and disseminated sulphide zones include 0.6% Cu over 7.1 m
and 0.8% Cu over 2.8 m with associated elevated zinc and silver concentrations. Drilling
encountered primarily felsic gneisses with broad zones of sillimanite-garnet-biotite alteration that
are commonly associated with massive sulphide mineralization.

At Scotty Lake, almost half way between E17 and the surface extension of Bob Lake, five drill
holes were completed for a total of 1,574m. Mineralized intervals reported up to 0.8% zinc over
4m, including one 0.3m section grading 7.8% zinc. The mineralized horizon was again confirmed,
providing additional confidence in the geological model and quality of the 122 geophysical targets
defined by the 2006 Geotech VTEM and magnetics airborne survey.

Sampling, assaying and quality control procedures are consistent with those reported in the
Technical Background of the press release issued February 15, 2007. The above information has
been prepared under the supervision of Stephen MacConnell, who is designated as a "Qualified
Person" with the ability and authority to verify the authenticity and validity of the data.

Lynda Bloom, President and CEO
aus der Diskussion: HALO RESOURCES LTD (GOLD / KUPFER / ZINK) Info Thread
Autor (Datum des Eintrages): Grenzenlos  (19.06.08 13:58:21)
Beitrag: 82 von 2,007 (ID:34332841)
Alle Angaben ohne Gewähr © wallstreet:online