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.
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."
Other Halo Resources articles
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07/06/10 Halo Resources makes significant strides at Sherridon VMS Property
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25/01/10 Halo Intersects up to 4 m of 3.8% Copper and 12.6% Zinc
Other Halo Resources news
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12/08/10 HudBay Minerals to accelerate exploration of Halo Resources' Lost Copper-Zinc Deposit
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06/08/10 Halo Resources snatches two mineralized properties in Manitoba
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16/06/10 Halo Resources raises C$500,000 in private placement to MineralFields Group
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09/06/10 Halo Resources hits significant intervals of gold, silver and copper at Middle Bay
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04/06/10 Halo Resources and Tribute Minerals report new high-grade gold mineralization in West Red Lake area
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25/05/10 Halo Resource’s intersects near surface copper-zinc-silver-gold mineralization at Lost deposit
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12/05/10 Halo Resources says HudBay exercises back-in option for Jungle deposit lease
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04/05/10 Halo Resources and Hudbay hit best copper-zinc-silver-gold intersect to date
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04/03/10 Halo Resources completes Jungle and FUD acquisition as result of HudBay option
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24/02/10 Halo Resources and Hudbay to begin exploration of Cold and Lost copper-zinc deposits in Manitoba
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