Mr. Marc Cernovitch reports
HALO COMMENCES FIELD WORK AT WEST RED LAKE
Halo Resources Ltd. has recommenced fieldwork at the West Red Lake property on claims held in joint venture with both Red Lake Gold Mines Partnership, a partnership between Goldcorp Canada Ltd. and Goldcorp Inc., and Tribute Minerals Inc.
The focus of the field program is to generate additional drill targets along strike from the previously reported high-grade intersection (see Stockwatch press release, June 3, 2010). Results of up to 68 grams per tonne (g/t) gold over 0.4 metre within a 4.3-metre mineralized interval were reported in siliceous dolomitic breccia, an entirely new and prospective style of mineralization. The drill hole intersection falls between two known zones of narrow quartz veins at surface on both the north and west shores of Bridget Lake that host visible gold and assay up to 161 g/t gold. There is an airborne geophysical anomaly that passes through Bridget Lake and may be associated with coarse pyrite fragments that were identified in 2010 winter drilling.
The chemical metasediments, which have been interpreted as a reef formation associated with the Ball volcanic episode, extend for several kilometres east and west from Bridget Lake. Additional geophysical electromagnetic targets, anomalous surface samples and possible north-south structures are considered prospective for high-grade gold mineralization. A typical area of interest is the location 400 metres east of Pancake Bay where there are reports of up to 24 g/t gold over 0.5 metre from 1,000 metres of stripping and trenching from the 1940s. There has been limited follow-up drilling and trenching in most of the area primarily due to complicated landholdings that were only consolidated several years ago.
The above information has been prepared under the supervision of Lynda Bloom, PGeo, who is designated as a qualified person with the ability and authority to verify the authenticity and validity of the data.
In addition, the company's flow-through-share financing with MineralFields Group, announced June 15, 2010, in Stockwatch, has been cancelled.
We seek Safe Harbor.