Halo Resources provides drilling results

Halo Resources Ltd., a Canadian-based resource company focused on the acquisition and development of near- production stage gold and base metal deposits, announces that major massive and semi-massive sulphide intersections at the Sherridon-Bob Lake deposit further expand the size of the ore lens.

The thickest sulphide intersection on the Sherridon VMS Property to date, 33 m, was intersected in hole DH08-125. The current drilling now demonstrates the existence of a major massive sulphide deposit at Bob Lake that has widths of over 75 m, a thickness ranging from 5 to 33 m, extends for a distance of approximately 1000 m from the surface, and still open to the south.

Lynda Bloom, CEO of Halo, said that the Bob Lake massive sulphide lens has shown remarkable consistency in grade and continuity but previously the best Halo intersection was 1.7% copper and 1.5% zinc over 16.4 m.

This latest intersection is twice as thick and has a core of 10.4 m grading 1.9% copper and 2.0% zinc.

This drilling demonstrates that the mineralized zone on the Bob Lake deposit has the potential to have significantly thicker intercepts than previously reported which will positively effect the reported tonnage for this deposit.

Because of the shallow plunge of this zone, it is anticipated that a large proportion of the deposit will be less than 200 m from the surface and likely amenable to open pit extraction, added Ms Bloom.

Currently, Halo Resources owns or has an interest in 3 projects: the Sherridon VMS copper-zinc property in Manitoba and the West Red Lake and Duport gold properties in Ontario.

The Sherridon VMS Property covers an area of over 20,876 hectares and hosts the past-producing Sherridon Mine that was operated by Sherritt Gordon Mines from 1933 to 1950 and produced 7.7 million ones of ore with recovered grades of 2.46% copper and 0.8% zinc.