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Saturday 11th of February 2012
Tuesday, June 10, 2008

Halo commences drilling at West Red Lake

Halo commences drilling at West Red Lake

Lynda Bloom, President and CEO of Halo Resources Ltd. announces that a diamond drill rig has been mobilized to the West Red Lake (WRL) property held by Halo Resources Ltd. under option from Red Lake Gold Mines, a general partnership of Goldcorp Inc. and Goldcorp Canada Ltd.

Drilling has commenced in the vicinity of the West Middle Bay gold occurrences.

At West Middle Bay, disseminated sulphides and/or quartz-carbonate veins are commonly reported with high metal values up to 172 g/t gold, 5.6% copper, 4.6% zinc and 314 g/t silver.

Five drill holes (1,000m) are planned to test two parallel zones with highly anomalous gold values and coincident geophysical anomalies.

The 2007 geophysical surveys include 700m-long IP (induced polarization) anomalies within an area of low magnetic signal, often reflecting alteration indicative of gold deposits.

Although there are numerous historic trenches in the West Middle Bay target area, there are no records of previous drilling.

Ms Bloom adds our drill program is designed to test to depths of 150m from surface and we will have a much better idea of the extent of the mineralization and its orientation after this drill program.

Given that the area being tested lies almost midway between the May-Spiers and Miles Red Lake 1930s-era mines, just 3 km apart, we anticipate positive results from the preliminary drill program, says Lynda Bloom.

An additional 750m of drilling are planned at the North Bridget Lake showing when the West Middle Bay drill program has been completed.

Field crews plan to follow up drilling with detailed geological mapping and structural interpretation in preparation for an anticipated winter drill program, concluded Ms Bloom.

 


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