Halo Commences Drilling at West Red Lake

Toronto, Ontario—(Marketwire-June 9,2008)–   Halo Resources, under the leadership of its CEO and President Lynda Bloom, proudly presents the mobilization into West Red Lake property by the said company under the supervision of Red Lake Gold Mines. This is done in collaboration with Goldcorp Inc as well as Goldcorp Canada Ltd. Drilling. In fact, Goldcorp Canada Ltd Drilling started within the area of West Middle Bay.

According from the reports, West Middle Bay possessed quartz-carbonate veins and disseminated sulphides, which are known to have high values among metals. It reaches up to 5.6% copper, 172 g/t gold, 314g/t silver and 4.6% zinc. Based on the master plan, they are going to test 2 parallel zones through 5 drill holes or approximately 1000 meters, which have rich, unusual gold values as well as coincident geophysical inconsistency.   Geophysical surveys during 2007  do include 700-metre induced polarization inconsistency   right on the place where there’s a low magnetic signal,   most of the time  reflect on gold deposits’ alteration indicative.

Lynda Bloom stated that though there are lot of historic trenches, which can be found on West Middle Bay area, no such records could tell that there is previous drilling done on it.    Their drill program is specifically designed so they could test how depth is 150m right from surface area.  With that, they can  be better inform on how much extension they need to conduct when it comes on its orientation and mineralization  after the said program.  They are looking for a positive result from this test.

On the other hand, they are also planning another 750 meter of drilling in North Bridget Lake, which will demonstrate the drill program completion  in West Middle Bay. Follow up drilling which will be conducted by the field crews includes detailed geological mapping as well as structural interpretation so they can be prepared enough for winter drill program.

About West Red Lake Gold Property

The greenstone belt of Red Lake caters one of the most abundant   gold deposit not just locally, but globally.  Red Lake Mine zone, which is considered as highly graded do have 4.6 million ounces on 2.35 oz per ton gold. West   Red Lake Property of Halo  is being optioned  right  from Red Lake Gold Mines.

About Halo Resources Ltd.

Halo Resources Ltd., a resource company based in Canada, mainly focused on achievement precious metal deposits and near production base.  Right now, this company is been managing three projects namely, Dupport(advanced stage gold project), Sherridon project(combine grassroots and mature volcanogenic massive sulphide with zinc, and gold exploration) and lastly, West Red Lake(gold exploration project).  This company is being supervised by a professional management team that is being supported by reliable and excellent network of mining financier.   The basic growth strategy of the company is to create a diversified type of portfolio which features advanced mining projects.


Halo Resources for Major Developments at Sherridon VMS Property

Halo Resources found out certain significant developments in May 2010 regarding it key Sherridon VMS Property. First, the said company declared early in the May about the best ever intersection for the Sherridon Property being into its cold deposit and then second would be during mid-month wherein Smelting and Hudson Bay Mining exercised its back-in option intended for mineral lease which hosts Jungle deposit of Sherridon. Finally, towards the end of the month, Halo Resources declared a continued strong near surface mineralisation intersections into its lost deposit.

The said two announcements have immediate and obvious benefits with regards to the potential of the Sherridon project as well as with the Halo Resources itself. There would also be a potential of adding value to the property through exercising the back-in options coming from the HudBay wherein there will be significant investment that is expected to come for the Jungle deposit through the next numbers of years.

In addition, Sherridon VMS Property would cover 21, 000 hectares within the North West Manitoba, Canada. It as well hosts the past producing Sherridon Mine which was operated by Sherritt Gordon Mines previously from 1933 up until 1950. The said property recently consists of the Cold, Jungle, Bob and Lost Deposits along with the mineralization focusing in zinc and copper. It is being situated 70 kilometers north east of the metallurgical and mining complex in the Flin Flon and so being operated by the HudBay Minerals. And also, HudBay as well as Halo have signed option agreement separately last December 2009 wherein HudBay is allowed to earn almost up 67.5% joint venture interest within 1.1 sq. kilometre area which hosts the Lost and Cold mineralization.

As halo intersected the best intersection into its Sherridon VMS it as well provide a new geological interpretation that is in progress in order to identify the relationship in between the latest high grade intersection as well as the original drilling finds in 2007. There will be continues progress as Halo creates important strides at the Sherridon VMS property. It might enhance the possible value of the resources into the site and so affirms the value of the intention of the company in terms of exploring new extensions of the project.

The said announcements of Halo Resources are considered to be encouraging for the possible future of the project. With that, Halo is as well into continuously evaluating the possibility of having to build an on-site concentrator. There will also be a development of an additional high value deposits into the Sherridon VMS Property. There will also be improved prospects for more explored deposit into the Cold lake as well as discovery of continued mineralization which as well affirm the potential of the said Sherridon VMS Property.

And also, the back-in option being exercised by the HudBay would reduce the costs for the Halo Resources at the Jungle deposit and so will commit higher amount in order to finance the site. These things will definitely benefit Halo and so May was concluded as great month favoured to Halo Resources.