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Additional Information
Market: TSX-V
Sector: General Mining
EPIC: HLO
Latest Price: 0.10  (-9.09% Descending)
52-week High: 0.54
52-week Low: 0.07
Market Cap: 2.90M
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Halo Resources
www.halores.com

Halo is a Canadian-based resource company focused on the acquisition and development of near-production stage gold and base metal deposits. Currently the Company owns or has an interest in 3 projects: the Sherridon VMS  copper-zinc property in Manitoba and the West Red Lake and Duport gold properties in Ontario.

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Halo Resources completes earn-in to Tribute Minerals Bridget Lake claims

30th Jul 2010, 4:50 pm
Halo Resources completes earn-in to Tribute Minerals Bridget Lake claims

Junior exploration outfit Halo Resources (TSX-V:HLO, FSE:HRL) has completed its 65% earn-in of Tribute Minerals (TSX-V:TBM) Bridget Lake claims, subject to approval. As part of the earn in agreement, Halo will issue 300,000 shares.  Moving forward, Halo confirmed that it did not intend to exercise its option to earn an additional 10% interest in the project.

Halo recently reported high grade gold intersections on the Bridget Lake claims as part of the West Red Lake property winter drill program.   Results of up to 68 grams per tonne gold over 0.4m within a 4.3 m mineralized interval were reported in pyritic clasts hosted in siliceous dolomitic breccia, at approximately 250 meters from surface. 

Samples were not submitted for assay through the entire section and additional sampling is planned. 

Summer field work and geophysical surveys are planned to investigate historical trenches and gold-enriched grab sample locations within the prospective stratigraphy with an aggressive drill program planned for late 2010.

"We are pleased that Halo has earned a 65% interest in a highly prospective area", says Lynda Bloom, President and CEO.  "The company has been rewarded with an important mineralized intersection and continued success in an area that we added to the West Red Lake joint venture just two years ago."

 

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