PINL:HLOSF - Post by User
Comment by
sweenbyon Sep 23, 2010 10:33am
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Post# 17483302
RE: News
RE: News2010-09-23 09:13 ET - News Release
Ms. Lynda Bloom reports
HALO EXTENDS COLD-LOST MINERALIZED TREND
Halo Resources Ltd.'s ground geophysical surveys have identified additional targets in the Cold-Lost mineralized corridor. Several Crone pulse electromagnetic (EM) (TDEM) anomalies have been interpreted that extend the prospective horizon over 1,000 metres to the east of the Lost deposit. In 2007, Halo discovered the Lost deposit, where recent drilling intersected massive sulphide intervals that assay up to 3.8 per cent copper and 12.6 per cent zinc over four metres, and 2 per cent copper and 6 per cent zinc over 11.8 metres, near surface.
The ground geophysical surveys confirm the extension of a continuous string of airborne VTEM anomalies that extend from Lost Lake, east to, and under Sherlett Lake (see figure below). The Lost deposit discovery was a result of drill testing airborne VTEM survey anomalies and generated the near-production opportunity being advanced by Halo's joint venture partner, Hudson Bay Mining and Smelting Co., Limited ("HudBay"), an affiliate of HudBay Minerals Inc. (TSX: HBM). The TDEM geophysical surveys provide greater depth penetration then the airborne surveys, with responses possible to 400 meters from surface. To-date no drilling has been done along the mineralized trend at depths greater than 200 meters and historical East Mine underground workings only extend to depths of approximately 100 meters.