SMP Gold
Sector: Road • Location: Tanzania
Source: International Finance Corporation (IFC)
Helio Resource Corp (“Helio” or “the Company”) is a Vancouver-based, TSX -V listed (HRC.V), mineral exploration company focused on exploring and developing gold and base metal deposits. Through its 100% owned subsidiary BAFEX Tanzania Ltd., Helio can earn a 100% interest, subject to a 2% royalty (which can be reduced to 1% through a cash payment prior to commencement of commercial production) in f
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Participants
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Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Description
Description | Helio Resource Corp (“Helio” or “the Company”) is a Vancouver-based, TSX -V listed (HRC.V), mineral exploration company focused on exploring and developing gold and base metal deposits. Through its 100% owned subsidiary BAFEX Tanzania Ltd., Helio can earn a 100% interest, subject to a 2% royalty (which can be reduced to 1% through a cash payment prior to commencement of commercial production) in five contiguous licences, which cover a 35km strike length of the Saza Shear Zone in the southern part of Tanzania. These licenses constitute Helio’s main project, the SMP Gold Project (“the Project”). Since June 2006, the Company has drill-tested thirteen targets, ten of which are hosted by the Saza Shear Zone. All thirteen targets have intersected bedrock-hosted gold mineralization, the most advanced being the Kenge and Porcupine Targets. Helio also has a portfolio of earlier stage projects in Namibia. Helio is seeking IFC’s engagement to help finance the Company’s exploration activities in line with industry best practice in environmental and social sustainability. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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