Halo Resources Ltd.
Halo Resources Ltd.: HALO INITIATES METALLURGICAL TESTING
Halo Resources Ltd. / Miscellaneous 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. ---------------------------------------------------------------------- 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 ---------------------------------------------------------------------- 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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