Halo Resources Ltd.
Halo Resources Ltd.:Halo reports the thickest sulphide intersection on the Sherridon VMS Property to date
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. ---------------------------------------------------------------------- June 25th, 2008, Toronto, Ontario – Lynda Bloom, President and CEO of Halo Resources Ltd. (TSXV:HLO; FSE:HRL) is pleased to announce 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 (see figure 1). 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. '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 ', says Lynda Bloom. '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. Assays are pending for drill holes on section 3320E, 80 m from the section reported here.' 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 issued in January 2008. Technical Highlights Drill hole DH08-125 is located approximately 25m grid south of DH07-59 and DH08-126 is located approximately 25m grid north of hole DH08-59. The three holes define a massive sulphide zone with an upper depth of just 200m from surface and a minimum width of 50 m. The lens remains open south of the 33m intersection in DH08-125. To view the table please go to www.halores.com Hole ID Dimensions Location Azi Dip Mineralisation From To Length North East Cu% Zn% DH07-59* 225.20 232.10 6.60 7300 3300 227 -63 1.39 1.48 242.9 245.8 2.9 DH08-125 225.80 258.92 33.12 7320 3350 227 -58 1.14 0.85 Includes 226.44 236.83 10.39 1.89 2.05 DH08-126 223.78 229.50 5.72 7320 3350 227 -71 1.61 1.00 and 249.02 256.01 10.40 1.35 0.63 Includes 249.02 256.01 6.99 1.59 0.92 * previously reported. Sampling, assaying and quality control procedures are consistent with those reported in the Technical Background of the press release issued February 15, 2007. The above information has been prepared under the supervision of Stephen MacConnell, who is designated as a 'Qualified Person' with the ability and authority to verify the authenticity and validity of the data. Figure 1 (to view figure 1 please go to www.halores.com) 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 28,000 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 or Marc Cernovitch, Chairman Halo Resources Ltd. Tel: 416-368-7045 Fax: 416-368-9805 Toll Free: 1-866-841-0068 lbloom@halores.com www.halores.com Contact Germany: Value Relations GmbH T. 069 / 959246 – 11 F. 069 / 959246 – 20 HALO@ir-services.de www.halores.com 25.06.2008 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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