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Market: TSX-V
Sector: General Mining
Epic: HLO
News: Latest news
Web Site: Halo Resources
Other Articles: 06-08-201030-07-201016-06-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Halo Resources

Halo Resources

Halo Resurces Ltd. is a Canadian-based resource company advancing the 200 sq. km. Sherridon VMS Property, a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities.  Two of the four near-surface deposits with NI43-101 compliant copper-zinc resources, for were recently optioned to Hudbay.  The Company has a joint venture interest in the Duport Property (Kenora, Ontario) and is the operator for several contiguous joint venture gold properties in West Red Lake covering 45 sq. km.  The Company is operated by an experienced management team with a growth strategy to develop a diversified portfolio of advanced mining projects.

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Friday, July 30, 2010

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

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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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