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 Sherridon
VMS Property
The
Sherridon VMS Property covers an area of
over 11,560 hectares and hosts the
past-producing Sherridon Mine that was
operated by
Sherritt Gordon Mines from 1933 to 1950
and produced 7.7 million tonnes of ore
with recovered grades of 2.46%
copper and
0.8% zinc.
Over 33,800 m
of diamond drilling have been completed
since November 2006. Two NI43-101
compliant
resource estimates - one for the
Sherridon Jungle Lake Zone
and one for the nearby
Cold, Lost and Bob Zones
have been filed on SEDAR
. An updated
resources estimate for the property was
filed in November 2010. The property
is located only 70 km northeast of the
mining and metallurgical complex in Flin
Flon operated by HudBay Minerals
Inc. Future development of the property
is facilitated by the presence of an
all-weather road and
railroad access as well as a
power line and communications tower.
Halo continues its exploration efforts
and has expanded both known deposits as
well as identifying additional targets.
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West
Red Lake Gold Property
The Halo-Goldcorp Joint Venture is
exploring 20 sq. km.
located 25 km west of the Red Lake mines
which have produced 25 million ounces of gold.
Halo has earned a 60% interest in the
claims and also has a 65% interest in
adjoining mineral claims in a joint
venture with Aurcrest Gold Inc.
Since 2006, Halo has mapped and sampled over
50% of the property, in addition to
completing over 5,500 m of drilling,
focussing on the Middle Bay and Bridget Lake
areas. Sampling of old
trenches successfully confirmed the
presence of significant gold, silver and
copper mineralization and the results of
a whole rock geochemistry program
confirms the favorability of the
underlying geology for the discovery of
these metals. Drill intersections up to
7.1 g/t gold over 5.8 metres have been
reported at Bridget Lake. |
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