PRESS RELEASE: Halo Resources Ltd.: HALO INITIATES METALLURGICAL TESTING
Halo Resources Ltd. / Miscellaneous
15.07.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Toronto, Ontario, July 15, 2008 - Lynda Bloom, President and CEO of Halo
Resources Ltd. (the 'Company') (TSXV:HLO; FSE:HRL) is pleased to announce
initiation of metallurgical test work on its' 100%-owned Cold and Lost Lake
deposits.
Mineralized drill core and sample rejects have been sent to G&T
Metallurgical Services Ltd., located in Kamloops, B.C., for a comprehensive
metallurgical test program. The samples represent copper-zinc ore from
within 150 m of surface from the two deposits. The test work will meet the
requirements for developing a scoping level study for determining process
requirements and establishing an anticipated metal recovery. The test work
program will commence in July and is anticipated to be completed over a
three month period.
In addition, spring run-off water sampling was completed to begin
environmental baseline studies as part of an eventual permitting process.
Water sampling, as well as biota studies, will be carried out seasonally
throughout 2008.
A NI43-101 compliant report is in progress to report on resource
calculations for Cold, Lost and Bob Lakes; a NI43-101 compliant resource
calculation for Jungle Lake was reported in January 2008.
ON BEHALF OF THE BOARD
Lynda Bloom, President and CEO
About the Sherridon VMS Property
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. Results from an airborne geophysical
survey completed in the summer of 2006 identified an additional 122
targets. Over 25,000 m of diamond drilling have been completed since
November 2006 and drilling continues year-round. A NI43-101 compliant
resource estimate for the Sherridon Jungle Lake Zone has been filed on
SEDAR and resource calculations are planned for the nearby Cold, Lost and
Bob Zones. The property is located only 70 km northeast of the mining and
metallurgical complex in Flin Flon operated by HudBay Minerals Inc. Future
development of the property is facilitated by the presence of an
all-weather road and railroad access as well as a power line and
communications tower.
For further information, please contact:
Lynda Bloom, President & CEO
Halo Resources Ltd.
About Halo Resources Ltd.
Halo is a Canadian-based resource company focused on the acquisition of
near production base and precious base metal deposits. Currently the
Company owns or has an interest in 3 projects: Duport, which is an advanced
stage gold project; Red Lake, which is a gold exploration project, and the
Sherridon project that is a combination of mature and grassroots
volcanogenic massive sulphide (VMS) copper, zinc and gold exploration
opportunities. The Company is operated by an experienced management team
and backed by a strong network of mining financiers. The Company's growth
strategy is to develop a diversified portfolio of advanced mining
projects.
Kontakt Deutschland:
Value Relations GmbH
T. 069 / 959246 - 11
F. 069 / 959246 - 20
HALO@ir-services.de
www.halores.com
15.07.2008 Financial News transmitted by DGAP
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Language: English
Issuer: Halo Resources Ltd.
Suite 1280, 625 Howe Street
V6C 2T6 Vancouver, BC
Kanada
Phone: +1 604 484 0068
Fax: +1 604 484 0069
E-mail: info@halores.com
Internet: www.halores.com
ISIN: CA40637D1087
WKN: A0DQZ4
Listed: Freiverkehr in Berlin; Open Market in Frankfurt
End of News DGAP News-Service
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(END) Dow Jones Newswires
July 15, 2008 07:00 ET (11:00 GMT)
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