Helio Resource, a gold exploration company, has commenced a 5,000m drilling program at the Gold Kop target on the Otjimbojo licence in the Damara gold project (DGP), Namibia.

DGP is located between AngloGold-Ashanti’s (AGA’s) Navachab mine to the southwest and Auryx Gold Corp’s Otjikoto project to the northeast.

The gold project comprises four licenses, namely Etjo South, Okakango, Wilhelmstal and Otjimbojo, and Helio holds a 100% interest in the project.

Gold Kop target is a four-kilometer long Au ± As ± Cu soil anomaly which was drilled in a number of places by AGA in the late 1980s and early 2000s.

Drilling results from the previous campaigns include: 1m at 71g/t Au; 7m @ 5.6g/t Au (open); 4m @ 8.6 g/t Au (open); 8m @ 3.0g/t Au; and 34m @ 0.9 g/t Au.

Significant drill intercepts (>3m @ >2.0g/t Au) were recorded in AGA drill holes over a 2.2-kilometer strike extent of altered marble.

The mineralization is open along strike to the northeast and southwest and to depth.

Helio has previously conducted rock sampling over the Gold Kop anomaly, and confirmed the same Au + Ag + As + Bi + Cu + Fe ± Sb association that is found at both the Navachab gold mine and on the company’s Wilhelmstal license.

Mineralisation is associated with sulphides (pyrrhotite-pyrite-chalcopyrite) and with tremolite alteration.

Recently completed geophysical surveys (ground magnetics and induced polarisation) over the core of the Gold Kop target have defined numerous large, continuous anomalies (magnetic, resistivity and chargeability) representing priorities for immediate drilling.

The anomalies are associated with a broadly NE-SW striking, SE-dipping folded bed of sulphidised marble.