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.