Halo plans resource estimate for Lost Lake

Lynda Bloom, President and CEO of Halo Resources Ltd. announces the initiation of a NI43-101 compliant resource estimate for the recently discovered Sherridon Lost Lake Zone, in northern Manitoba. A total of 18 holes, for 3492 m drilled, have been completed which identified mineralized intersections up to 4.7 m of 3.0% copper and 8.9% zinc at depths within 100 m of surface.

The drilled portion of the Sherridon Lost Lake Zone with copper grades from 1.5 to 3%, combined with zinc grades between 3 to 9%, demonstrates strong continuity. The Zone has been traced over a strike length of 300 m and has been traced up to 150 m from surface and is open in all directions. It lies within a mineralized horizon that can be traced over 3 kilometers which also hosts the Sherridon Cold Lake Zone. The Cold-Lost mineralized horizon trends parallel to the strike of the past-producing Sherridon East and West Mines that is 500 m to the west.

The Sherridon Lost Lake Zone is highly significant for Halo. The Zone is of sufficient size to initiate resource calculations and the grades are the highest reported to date on the Sherridon VMS Property. When the apparent metal content of the Sherridon Lost Lake Zone is added to the metal inventory in the nearby Cold, Bob and Jungle Zones, there is a significant and positive impact on the economics of the project, says Lynda Bloom, President & CEO.

We will continue to pursue the 3 kilometer-long Cold-Lost mineralized horizon where we have consistently identified higher, near-surface targets. A summer program of mapping, geophysics and drilling is planned, Lynda said.