Halo Resources - High Grade Gold Results - 500 Beiträge pro Seite

[DerEremit]

Also die Ergebnisse können sich sehen lassen.

Halo Underground Drilling at Bachelor Lake (Quebec) Yields High Grade Gold Results
5/26/05

VANCOUVER, BRITISH COLUMBIA, May 26, 2005 (CCNMatthews via COMTEX) --
Marc Cernovitch, President & CEO of Halo Resources Ltd. (TSX VENTURE:HLO)(OTCBB:HLOSF)(FWB:HRL) is pleased to announce the first results from its ongoing 12,500m underground drilling program at Bachelor Lake, Quebec. The Bachelor Lake "Main" zone was originally mined underground between surface and the 12th Level. The "B" and "A" zones are new mineralized zones. New significant assay results were returned from the "Main", "B" and "A" mineralized zones. Highlighted results are from below Level 12 and the intercepts are listed below:

Bachelor Lake "Main Zone":


- Hole 12-38 returned 5.68 g/t Au over 1.82 m contained within 3.89 g/t Au over 3.70m;

- Hole 12-40 returned 23.83 g/t Au over 2.70m contained within 12.69 g/t Au over 8.50m;

- Hole 12-42 returned 23.68 g/t Au over 1.53m contained within 9.21 g/t Au over 6.36m;

- Hole 12-44 returned 24.54 g/t Au over 2.29m contained within 14.94 g/t Au over 5.03m;

- Hole 12-46 returned 13.72 g/t Au over 1.90m contained within 4.48 g/t Au over 8.78m;

Bachelor Lake "B Zone":

- Hole 12-38 returned 6.82 g/t Au over 2.75 m contained within 4.81 g/t Au over 5.50m;

- Hole 12-40 returned 26.26 g/t Au over 2.40m contained within 11.70 g/t Au over 7.10m;

- Hole 12-42 returned 18.58 g/t Au over 1.26m contained within 4.47 g/t Au over 8.28m;

- Hole 12-44 returned 14.77 g/t Au over 1.40m contained within 10.37 g/t Au over 2.00m;

- Hole 12-46 returned 21.06 g/t Au over 1.92m contained within 12.35 g/t Au over 4.25m;

- Hole 12-46 returned 27.49 g/t Au over 2.78m contained within 17.22 g/t Au over 4.70m;

Bachelor Lake "A Zone":

- Hole 12-44 returned 6.12 g/t Au over 2.37m contained within 5.19 g/t Au over 3.50m;

Please note that all the intervals are indicated over core lengths, not true vein widths. See Table 1, for detailed assay results.

Drilling Results

Geological and assay results from drill holes 12-42 and 12-46 confirms known indicated resources at Bachelor Lake. The drill holes 12-38 and 12-40 are located within known inferred resources. The drill intercept from hole 12-44 is located outside the known resources and potentially adds resources to the project. Preliminary analysis of this hole suggests that the "Main" zone may now be connected to the east with the Hewfran deposit that was recently acquired by Metanor Resources Ltd (MTO.V), owner of the Bachelor Lake property. The "Main", "B" and "A" mineralized zones remain open laterally and at depth.

Two drill rigs are operating from existing stations located on 12th level. Since drilling commenced on April 6, 2005, a total of 38 holes have been completed for a cumulative amount of more than 6,096m. Initial interpretation of the core from these holes has indicated excellent core intervals (up to 5.66m) and strong mineralization in all 3 vein systems. Drill results will be released on a regular basis as assay results become available over the next 4 months.

Table 1. - Bachelor Lake underground drilling program detailed assay results. Please note that all the intervals are indicated over core lengths, not true vein widths.

www.halores.com/i/pdf/HaloPR-BLDrillResults20050526.pdf.

Qualified Person

The above information has been prepared under the supervision of Consulting Geologist Alain Carrier, M.Sc., P.Geo., InnovExplo Inc., an independent Qualified Person under National Instrument 43-101("NI 43-101"). Alain Carrier is supervising the field work and has verified the authenticity and validity of the data. Assay results presented here were done under the direct supervision of Consulting Geologist Yves Buro. Mr. Buro is a "Qualified Person", under NI 43-101 and has the ability and authority to verify the authenticity and validity of the exploration data. In addition to over 25 years of experience on exploration and mining projects, Yves has specific prior experience on the Bachelor Lake Property. Messrs. Carrier and Buro have reviewed and approved of the contents of this press release.

Quality Control and Quality Assurance Program

Assay samples are taken from drill core (BQ size) sawed in half with one half sent to a commercial laboratory and other half retained for future reference. A strict QA/QC program is followed which includes mineralized standards, blank and duplicate for each batch of samples. Significant assay results are duplicated at the original laboratory. The gold assaying method uses a 30-gram sample Fire Assays (atomic absorption with gravimetric finish for sample over 10 g/t Au) on splits from an initial 250-gram pulverized sample. Assays were performed by ALS Chemex - Chimitec of Val-d`Or (Quebec), an assay laboratory accredited by the Standards Council of Canada. Metallic screen fire assay are completed on samples with visible gold or where initial multiple duplicates show any variability.

Additional Information

The Bachelor Lake Property is located in the Le Sueur Township, Desmaraisville sector of Quebec and has excellent exploration potential. The mine site includes an office, a shop, a warehouse complex, a compressor room, a head-frame and a 500 ton per day mill with a cyanidation plant and crusher room, and the following NI 43-101 compliant resource estimate (1) in Table 2, previously disclosed in a press release dated April 21st, 2005:

--------------------------------------------------------------------Table 2. Undiluted and in situ resources estimate (1)(2)(3)(4)(5)--------------------------------------------------------------------- Metric Tonne Grade Total Gold Total GoldCategory (t) (g/t) (Kg) (oz)---------------------------------------------------------------------Measured (above 12 level) 185,477 8,81 1,634 52,535---------------------------------------------------------------------Indicated (below 12 level) 196,572 10.80 2,123 68,256---------------------------------------------------------------------Inferred (below 12 level) 232,497 10.42 2,423 77,911---------------------------------------------------------------------(1) The effective date of the resource estimate is December 20, 2004.(2) The Qualified Person for the mineral resource estimates as defined by National Instrument 43-101 was Alan Carrier, M.Sc., P.Geo, Innovexplo Inc.(3) Mineral resources which are not mineral reserves do not have demonstrated economic viability.(4) The resources were compiled using a cut-off grade of 3.43 g/t Au (0.10 ounces/short ton). A cut-off grade of 0.10 oz/st roughly represent a value of 55$/t the actual gold price and exchange rate. This cut-off grade must be re-evaluated in light of the present market conditions: gold price, exchange rate and mining cost. A fixed density of 12ft3 per short ton was used. All diamond drill hole intercepts were calculated at a minimum of 1.5 m (5`) horizontal width, using the grade of the adjacent material when assayed or a value of zero when not assayed. On the basis of historical work performed by BACHELOR GOLD MINE`s personnel while operating the mine, high grade assays were cut to 34.3 g/t Au (1.0 ounces/short ton) for the Main Vein, and to 22.3 g/t Au (0.65 ounces/short ton) for the B Vein. No statistical studies support this threshold, but since it is the equivalent of general rule of thumb used in the mining industry, it was accepted as such, by INNOVEXPLO.(5) The company is not aware of any known environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues that could materially affect the mineral resource estimate.

Halo has an option to earn a 50% interest of the Bachelor Lake Property in Quebec, Canada, owned by Metanor Resources Inc. (TSX VENTURE:MTO).

For further information on the Bachelor Lake Property, please see the Bachelor Lake Gold Mine Property NI 43-101 - Technical Report dated December 20, 2004 (Revised Version), filed on SEDAR at wwww.sedar.com

Halo Resources Ltd. (TSX VENTURE:HLO)(OTCBB:HLOSF)(FWB:HRL) is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project with an ongoing drill program of up to 20,000 meters; Bachelor Lake, which is a gold exploration project with an ongoing 12,500 meter drill program; and a letter of intent regarding Quarter Moon, which is a grass roots gold project with a 2,000 meter drill program scheduled for the near future. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company`s growth strategy is to develop a diversified portfolio of advanced mining projects.

ON BEHALF OF THE BOARD

Marc Cernovitch, President & CEO

Except for the historical statements contained herein, this news release presents forward-looking statements that involve inherent risks and uncertainties. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, they give no assurance that their expectations will be achieved. Certain risks and uncertainties inherent in the Company`s operations include political, economic, environmental and geological issues, including but not limited to, the continued need for additional capital, the competition within the mining industry, and other risks detailed from time to time in the Company`s periodic reports filed with the British Columbia Securities Commission and the United States Securities and Exchange Commission. Investors are cautioned that, except as disclosed in the materials to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Halo Resources Ltd. should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Halo Resources Ltd. Marc Cernovitch President & CEO [phone] or Toll Free: 1-866-841-0068 [e-mail] (FAX) www.halores.com NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Copyright (C) 2005, CCNMatthews. All rights reserved.

[DerEremit]

Solche Ergebnisse sollten den, ohne Grund, in Mitleidenschaft gezogenem Chart, die Trendwende bescheren.

[DerEremit]

Was vor allem interessant sein sollte ist, daß die Hälfte des derzeitigen Kurses quasi mit der Chasposition von etwas mehr als 5 Mio Euro abgesichert ist.

[DerEremit]

Der Kurs hat ja gestern schon sehr gut reagiert , und das obwohl die Nachricht erst nachbörslich rauskam. Na ja ganz dicht sind diese Kanäle ja nie.

Sieht so aus, als würde damit die technische Erholung eingeläutet werden. Allerdings sollten die Kurssteigerungen der Aktie zukünftig nicht nur technischer Natur sein.

[DerEremit]

Halo bietet im Moment eine super Einstiegschance. DIe nächsten Resultate stehen vor der Tür und auch in Bezug auf Aquisitionen sollte man bald etwas hören. So waren für dieses Jahr noch zwei bis drei angekündigt worden.

[Eyk]

Hallo zu Halo,
ich meine, dass wir die mind. 0,42 - 0,40 noch sehen.
Dann macht ein Einstieg Sinn.
Liebe Grüße
Eyk

[Eyk]

P.S.: Haben die gerade so ne Optionsnummer am Laufen oder warum gehen die in den letzten tagen gegen den Trend?
Nur wegen der Indikatoren?
Ja, genau deshalb!
Eyk

[Eyk]

Noch mal ich.
Hallo Einsiedler, du bist wohl hier der einzige Threadi?
Die lassen dich wohl alle ganz alleine?
Das ist aber nicht schön.
Na gut, ich komm ab und zu mal vorbei, da ich ein kleines Limit eingestellt habe, weil mir am Freitag einer meine 5.000 HALOs bei 0,52 weggekauft hat. (zum Glück)
Na und nun will ich mit etwas mehr neu einstiegen.
Also bis bald und große Geschäfte.
Eyk

[schwarenthorer]

als halo aktien besitzer möchte ich gerne von euch wissen, wohin sich der kurs in den nächsten 6 monaten entwickelt. es kann doch nicht immer nach unten gehen! die müssen sich doch beim smallcapinvestor auch was denken, wenn sie diese aktie in ihr musterdepot aufnehmen.

[Eyk]

schwarenthorer
Du glaubst doch nicht wirklich daran, dass es einen Lemming-Newsletter gibt, der sich bei der Empfehlung was denkt - außer, dass sie die eigenst gekauften Werte etwas puschen wollen, ehe sie aussteigen.
Aber unabhängig davon, sollte es demnächst noch abwärts bis ca. 0,63 und dann wieder aufwärts gehen. Orientiere dich an den Indikatoren (MACD, RSI, STOs, Will%) in Canada, dann kann fast nichts schief gehen.
Viel Erfolg.
Eyk

[DerEremit]

Also aus meiner Sicht sollten sich die Aktien, sofern der Gesamtmarkt mitpielt, wieder deutlich nach oben entwickeln. Wie schon erwähnt, ist der aktuelle Kurs allein schon mit Cash (5 Mio auf der Bank) abgesichert.

Die letzten Ergebnisse können sich mehr als sehen lassen, dazu noch die Phantasie aus den anderen Projekten und nicht zuletzt die Verbindung zu Wolfden und deren CEO, welcher auch Gründer von Halo ist und mit Sicherheit noch einiges mit "seiner" neuen Firma vor hat. All diese Faktoren und die Phantasie neuer Projekte sprechen für eine positive Entwicklung der Aktien.

Im Moment haben wir aber bei den meisten Firmen in Canada nicht das Problem, daß da massiv Akien verkauft werden, sondern es ist eher ein Käuferstreik und die Kurs bröckeln unter eher geringen Umsätzen. Aber auch dies wird sich irgendwann wieder ändern.

[DerEremit]

@Eyk

Jetzt bin ich ja nicht mehr ganz allein.

[schwarenthorer]

bezüglich des smallcapinvestors bin ich als österreicher davon ausgegangen, dass österreicher ein ordnungsgemäßes research machen. und es gab ja mehrere analysten, die diese aktie empfohlen haben. aber was solls, man kann nur abwarten.
wäre schön, wenn wir in einigen monaten sagen können, wir haben eine 100 % aktie im depot!

[schwarenthorer]

bezüglich des smallcapinvestors bin ich als österreicher davon ausgegangen, dass österreicher ein ordnungsgemäßes research machen. und es gab ja mehrere analysten, die diese aktie empfohlen haben. aber was solls, man kann nur abwarten.
wäre schön, wenn wir in einigen monaten sagen können, wir haben eine 100 % aktie im depot!

[schwarenthorer]

und noch was; es freut mich, dass endlich mal bewegung im diskussionsform herrscht. da war ja jüberhaupt nichts los!

[schwarenthorer]

und noch was; es freut mich, dass endlich mal bewegung im diskussionsform herrscht. da war ja jüberhaupt nichts los!

[DerEremit]

Ich find es auch schön, wenn hier ein bisschen Leben reinkommt, aber man muß ja trotzdem nicht alles zweimal posten.

[DerEremit]

Bezüglich der Börsenbriefe, ich lese sie gerne, weil sie ab und an doch die ein oder andere gute Idee haben. Recherchieren muß aber am Ende jeder für sich. Den Smallcapinvestor halte ich jetzt nicht unbedingt für einen Pusherbrief. Und selbst die vermeintlichen Pusherbriefe, haben manchmal ganz interessante Sachen dabei.

[schwarenthorer]

sorry, tut mir leid, dass mein posting zweimal gekommen ist. war nicht beabsichtigt.

[Eyk]

Sofern der Markt allgemein dreht, sollte sich der Kurs sehr zügig erholen. Es ist aber auf Monatsbasis Vorsicht geboten, da der MACD und TRIX einen Abwärtstrend anzeigt. Auf Tages- und Wochenbasis ist jedoch alles im grünen Bereich. Könnte auch sein, dass wir seitwärts maschieren und sich so der MACD auf Monatsbasis noch erholt, so dass dann zum großen Manöver angesetzt werden kann. Aber alles zwischen 0,45 und 0,39 sind aus meiner Sicht Kaufkurse.
Insofern einen schönen Tag und große Gewinne.
Eyk

[DerEremit]

Wed Jun 8, 2005
Halo Underground Drilling Yields New High Grade Gold Results At Bachelor Lake (Quebec)

--------------------------------------------------------------------------------

VANCOUVER, BRITISH COLUMBIA, June 8, 2005 -- Marc Cernovitch, President & CEO of Halo Resources Ltd. (TSX.V:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to announce new results from its ongoing 12,500m underground drilling program at Bachelor Lake, Quebec. New significant assay results were returned from the " Main" , " B" and " A" mineralized zones (see also Press Release of May 26, 2005). Highlights of the latest drill results from below Level 12 are listed below:

Bachelor Lake " Main Zone" :
- 22.19 g/t Au over 3.77 m contained within 12.07 g/t Au over 11.65 m (hole 12-48);
- 16.57 g/t Au over 1.58 m contained within 6.97 g/t Au over 5.05 m (hole 12-50);
- 13.59 g/t Au over 1.50 m contained within 8.38 g/t Au over 4.50 m (hole 12-53).

Bachelor Lake " A" and " B Zone" junction:
- 18.81 g/t Au over 4.70 m contained within 8.12 g/t Au over 14.75 m (hole 12-50).

Please note that all the intervals are indicated over core lengths, not true vein widths.

View Map (PDF)

Drilling Results

Results from drill hole 12-53 are of importance as they could add significantly to the known resources. This hole is located in a 60 m wide " gap" area between the T1 fault and the A Zone that is currently being tested by additional holes. Visible gold has been documented in this hole and several others drilled in the same area. Assay results however are still pending. Geological and assay results from drill hole 12-48 confirms known indicated resources at Bachelor Lake. The drill hole 12-50 is located within known inferred resources and will up-grade the resource category.

Previous results (see Press Release of May 26, 2005) also suggest that the " Main" zone may now be connected to the west with the Hewfran deposit that was recently acquired by Metanor Resources Ltd, owner of the Bachelor Lake property. Drilling of two (2) holes (holes 12-86 an 12-88) is currently underway to extend the exploration drilling into this newly acquired area while two (2) additional holes (12-58 and 12-80) have been drilled in the vicinity of the previously announced hole 12-44 and both have shown impressive mineralization. Assay results are however, still pending. Planning is underway to drill additional holes to further test the extension of mineralization towards the Hewfran deposit. The " Main" , " B" and " A" mineralized zones remain open laterally and at depth.

Two drill rigs are operating from existing stations located on 12th level. Since drilling commenced on April 6, 2005, a total of 45 holes have been completed for a cumulative amount of more than 7,200 m. Initial interpretation of the core from these holes has indicated excellent core intervals (up to 5.66m) and strong mineralization in all 3 vein systems. Drill results will be released on a regular basis as assay results become available over the next 2 months.

See Table 1, for detailed assay results and Figure 1 for approximate hole locations.
View Table 1 (PDF)

Qualified Person

The above information has been prepared under the supervision of Consulting Geologist Alain Carrier, M.Sc., P.Geo., InnovExplo inc., " Qualified" and " Independent" Person under 43-101 guidelines. Alain Carrier is actually supervising the field work and has verified the authenticity and validity of the data. Consulting Geologist, Yves Buro who was designated as a " Qualified Person" , under the definition of NI 43-101, also has the ability and authority to verify the authenticity and validity of the exploration data. In addition to over 25 years of experience on exploration and mining projects, Yves has specific prior experience on the Bachelor Lake Property.

Quality Control and Quality Assurance Program

Assay samples are taken from drill core (BQ size) sawed in half with one half sent to a commercial laboratory and other half retained for future reference. A strict QA/QC program is followed which includes mineralized standards, blank and duplicate for each batch of samples. Significant assay results are duplicated at the original laboratory. The gold assaying method uses a 30-gram sample Fire Assays (atomic absorption with gravimetric finish for sample over 5 g/t Au) on splits from an initial 250-gram pulverized sample. The current drilling program seems to indicate that more visible gold occurs at depth at Bachelor Lake. The assay protocol was revised considering these coarse gold occurrences. Gold assaying is now obtain from a 50-gram sample on splits from an initial 1000-gram pulverized sample (crushing 90% < 2mm and pulverization 90% < 200 mesh). Assays were performed by ALS Chemex - Chimitec of Val-d`Or (Québec), an assay laboratory accredited by the Standards Council of Canada. Metallic screen fire assay are completed on samples with visible gold or where initial multiple duplicates show any variability.

Additional Information

The Bachelor Lake Property is located in the Le Sueur Township, Desmaraisville sector of Québec and has excellent exploration potential. The mine site includes an office, a shop, a warehouse complex, a compressor room, a head-frame and a 500 ton per day mill with a cyanidation plant and crusher room, and the following NI 43-101 compliant resource estimate (1) in Table 2, previously disclosed in a press release dated April 21st, 2005:
View Table 2 (PDF)

Halo has an option to earn a 50% interest of the Bachelor Lake Property in Quebec, Canada, owned by Metanor Resources Inc. (TSX.V: MTO).

For further information on the Bachelor Lake Property, please see the Bachelor Lake Gold Mine Property NI 43-101 - Technical Report dated December 20, 2004 (Revised Version), filed on SEDAR at wwww.sedar.com

Halo Resources Ltd. (TSX.V:HLO; OTC.BB:HLOSF; FSE:HRL) is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project with an ongoing drill program of up to 20,000 meters; Bachelor Lake, which is a gold exploration project with an ongoing 12,500 meter drill program; and a letter of intent regarding Quarter Moon, which is a grass roots gold project with a 2,000 meter drill program scheduled for the near future. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company`s growth strategy is to develop a diversified portfolio of advanced mining projects.
Website: www.halores.com

ON BEHALF OF THE BOARD

" Marc Cernovitch"
President & CEO
-30-

For more information contact:

Marc Cernovitch
President & CEO
Tel: [phone]
Fax: [phone]
Toll Free: 1-866-841-0068
[e-mail]


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Except for the historical statements contained herein, this news release presents forward-looking statements that involve inherent risks and uncertainties. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, they give no assurance that their expectations will be achieved. Certain risks and uncertainties inherent in the Company`s operations include political, economic, environmental and geological issues, including but not limited to, the continued need for additional capital, the competition within the mining industry, and other risks detailed from time to time in the Company`s periodic reports filed with the British Columbia Securities Commission and the United States Securities and Exchange Commission. Investors are cautioned that, except as disclosed in the materials to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Halo Resources Ltd. should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

You can view the Previous News Releases item: Thu May 26, 2005, Halo Underground Drilling at Bachelor Lake (Quebec) Yields High Grade Gold Results

[DerEremit]

Die Ergebnisse sehen, wie schon die davor, hervorragend aus. Allerdings registriert dieser Markt die Zahlen kaum. Dies ist aber kein Halo eigenes Problem, sondern eines, was der Markt im Augenblick generell hat.

Dies bietet aber auch eine Möglichkeit auf wirklich günstigem Niveau in diese Aktie zu kommen.

[RatgeberinderNot]

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