Helio Resource is pleased to report that it has reached agreement with Damara Gold whereby the earn-in agreement between Damara and Helio will be cancelled, and Helio and Damara will transfer their respective interests in two Namibian exploration licences, through wholly owned subsidiaries, namely EPL 3738 (Wilhelmstal) and EPL 3739 (Otjimbojo) (together the "Property"), into Osino Resources Corp. ("Osino"), a [...]
Helio Resource is pleased to report that CE Mining II Helio Limited has exercised 6,497,150 share purchase warrants for proceeds to the Company of $324,857.50. CE Mining Limited, a "Control Person" of the Company under applicable securities legislation, transferred a total of 13,860,000 warrants to CE Mining II Helio Limited in August 2015. CE Mining Limited and CE Mining II Helio Limited are related parties based on [...]
Helio is pleased to announce the results of its Annual General Meeting held on September 17, 2015. All the resolutions presented to the shareholders were approved unanimously (see the SEDAR filing of the Company's Information Circular, dated August 13, 2015). Votes representing 99,127,182 shares were cast (44.21% of the issued and outstanding shares at the record date). A summary of the results is presented below [...]
Helio Resource is pleased to report that CE Mining Ltd has exercised 6,140,000 share purchase warrants for proceeds to the Company of $307,000. Notably these warrants were exercised at a 100% premium to the market price. As a result of this exercise CE Mining Ltd now owns 66,140,000 shares representing 29.5% of Helio's issued and outstanding share capital.
Helio reports that it has applied for and received the approval of the TSX Venture Exchange for the repricing of 40,050,000 share purchase warrants from 10¢ per share to 5¢ per share. No other terms of the warrants will be modified. The share purchase warrants consist of two groups: 29,550,000 warrants expiring June 13, 2016, and 10,500,000 warrants expiring July 27, 2016
Helio reports that it has filed on SEDAR the NI 43-101 Report for the mineral resource estimate for its SMP Gold Project. The report was compiled by Snowden Mining Industry Consultants. The total Indicated Resource is 7.5 million tonnes grading 2.4 g/t gold for 590,000 ounces (oz) Au contained.
Helio Resource is pleased to report 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 grading 2.4 grams per tonne gold (Au) for 590,000 ounces (oz) Au contained.
Helio Resource reports that as a result of a review by the British Columbia Securities Commission, it is issuing the following news release to clarify certain prior disclosure: Slide 16 of the Company's prior corporate presentation outlined the potential for a 50,000 to 60,000 ounce per year production scenario at the SMP Gold project in Tanzania. The Company confirms that this scenario is not currently supported by a [...]
Helio Resource is pleased to report results from the balance of the 2014 Diamond (DD) and Reverse Circulation (RC) drill program at the SMP Gold Project. The results reported herein come from the Porcupine and Konokono Targets, which are located 11km and 2.5km east, respectively, of the Company's Kenge-Mbenge Resource area. Kenge-Mbenge is located approximately 5km east of Shanta Gold's New Luika Mine (see map presented [...]
Helio Resource is pleased to report results from the balance of 17 Reverse Circulation (RC) drill holes (1,448m) from the Gap Target, SMP Gold Project, Tanzania. The Gap Target, located 2km east of the Company's Porcupine Resource area, has potential to add materially to the existing resource at SMP, both through near surface resources and underground higher-grade resources.
Helio Resource is pleased to report results from the first eight Reverse Circulation (RC) drill holes (776m) at the Gap Target, SMP Gold Project, Tanzania. The 8 initial RC holes (776m) were designed to identify the orientation of high-grade mineralisation previously identified in GPD 118 (5m at 5.3g/t Au):
Damara Gold and Helio Resource are pleased to report results of soil sampling programmes at the GoldKop Extension and Twin Peaks Targets at the DGP Gold Project in the central Namibian Gold belt. The link DGP Regional Plan Map shows the location of the DGP Gold project and the new soil sampling grids in relation to the Navachab Gold Mine (operated by QKR), and the Companies' GoldKop target. The DGP Gold Project is part of [...]
+54,55 %
-46,88 %
