Re: initial Namibia Drilling ... 50m @ 2.1g/t Au, 0.8% Cu and 14g/t Ag

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A Gold Exploration Company with Aggressive Drill Programs; Expanding the NI 43-101 Compliant Resource for the SMP Project, Tanzania and Defining Multiple Targets in the Damara Project, Namibia

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elorotoro

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Re: initial Namibia Drilling ... 50m @ 2.1g/t Au, 0.8% Cu and 14g/t Ag

in response to

Re: initial Namibia Drilling ... 50m @ 2.1g/t Au, 0.8% Cu and 14g/t Ag

Boot

posted on Jun 13, 2011 09:12AM

Not a problem Boot, the news release was worth repeating ;-)

Very nice initial drill results from the first hole. The overall value of the 7 meter intercept within the overall 50 meter strike is about $920.00 per tonne based on today's current metals prices. The average value over the 50 meter length is about $200.00 per tonne.

If they can reel off a string of assay results like this ... Helio will have a second potential mineable resource, and this one is very close to an alrerady existing mine. One would have to assume that AngloGold will be taking notice of this news release. Alot more drill results are pending from Damara already.