Helio Resource said that reconnaissance drill program has tested ten new targets within the SMP Gold Project in Tanzania, all of which intersected bedrock-hosted gold mineralization.

The company also reported the discovery of a new zone (Kasuku) with similar style of alteration and mineralization as the Porcupine Target.

The company has recently completed a detailed interpretation of the structural controls on mineralization and has identified a number of new targets that will be tested in the next round of drilling.

The most advanced targets at the SMP Gold Project are Porcupine and Kenge.

The company anticipates releasing an initial NI 43-101 compliant resource statement for the Porcupine and Kenge Targets later this month.

The summer drill program tested ten new targets with RC (reverse circulation) and limited diamond drilling.

Numerous, 10 – 40m wide zones, of low-grade gold mineralization (0.1-0.4g/t Au) were intersected.

Significant interects, i.e. greater than 1g/t Au, were encountered at Reefski, Popo, Dragonfly, Kasuku, Dubwana, Chui, Panya, and Thorntree.

Reefski (narrow veins with high-grade intercepts) and Kasuku (wide zones of low grade mineralization) both have mineralization outcropping at surface.