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The Halo-Goldcorp Joint Venture is
exploring 15 sq. km.
located 25 km west of the Red Lake mines
which have produced 25 million ounces of gold.
Relatively unexplored for 70 years, recent
field programs identified samples with up to 172 g/t
gold, 6% nickel and 2% cobalt coincident with
geophysical anomalies.
 
During October 2006, Halo commenced a
mapping, sampling and prospecting program
focused on the Middle
Bay-May Spiers area with the objective of
developing an understanding of the
geological setting and to confirm the presence of gold mineralization west of
Middle Bay. Sampling of old trenches located
between the historic
Miles Red Lake showing and the May-Spiers
deposit 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. For example, a sample
collected near the 9-44 “shaft”
located in the center of the Halo property
returned 81 g/t Au, 100 g/t Ag and 4.61% Cu
over a width of 0.70m.
Under the terms of an option agreement with
Goldcorp, Halo can earn a 60% interest in 67
mining claims, a 45% interest in two
mining claims, and a 30% interest in ten
mining claims by December 31, 2008
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