Halo Resources Ltd.
Halo Resources Ltd.: HALO BEDROCK SAMPLING AT SHERRIDON DEFINES 250m EXTENSION OF LOST LAKE DEPOSIT
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, August 13, 2008 – Lynda Bloom, President and CEO of Halo Resources Ltd. (the 'Company') (TSXV:HLO; FSE:HRL) is pleased to announce that a result of 5.1% zinc and 0.48% copper has been reported for a bedrock sample, collected as part of an extensive bedrock chip sampling program, that occurs at the northern end of a 250 m long trend of elevated zinc and copper values coincident with a geophysical VTEM anomaly (see map at www.halores.com). Bedrock chip sampling has located the surface expression of the Lost Lake deposit and expanded the potential strike of the deposit at least 250 m north of previously known drilling. Section 4900E, which previously defined the north end of the known deposit included intersections up to 1.3% copper and 7.8% zinc over 6.3 m, which represents the highest grade and thickness reported to date on the Sherridon VMS Property (see press release March 18, 2008). 'The Lost Lake massive sulphides have been intersected in drill holes over a strike length of 500 m with some of the better grades and thicknesses reported for northerly drill sections. The potential to expand the deposit an additional 250 m is an exceptional opportunity particularly with such strong evidence that the deposit extends to surface with consistent high zinc grades' says Lynda Bloom. 'The expanded Lost Lake zone will be a high priority winter drill target.' A NI43-101 compliant report is in progress to report on resource calculations for the Sherridon VMS Property Cold, Lost and Bob Lake deposits; a NI43-101 compliant resource calculation for Jungle Lake was issued in January 2008. 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. 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 tones 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. 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. Contact Germany: Value Relations GmbH T. 069 / 959246 – 11 F. 069 / 959246 – 20 HALO@ir-services.de www.halores.com 13.08.2008 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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