Halo Resources Ltd.
OTC Bulletin Board : HLOSF

Halo Resources Ltd.

September 26, 2005 09:00 ET

Halo Completes Airborne Geophysics Program At Duport

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 26, 2005) - Marc Cernovitch, President & CEO of Halo Resources Ltd. (TSX VENTURE:HLO)(OTCBB:HLOSF)(FRANKFURT:HRL) is pleased to announce that the helicopter-supported airborne magnetometer and EM survey has been completed on the Duport Property located 60 km west of Kenora, Ontario. The survey was flown at 50 meter line spacing totaling 2750 line km and covered the entire claim group.

A high-resolution DIGHEM system operated by FUGRO Airborne Surveys was used to identify sulphide mineralization related to regional faulting and contacts between contrasting lithologies known to be associated with the Duport epithermal gold environment.

The objectives of the program included:

1. Delineate extensions and define parallel zones in proximity to the Duport deposit;

2. Identify additional satellite gold targets associated with regional deformation zones and their subsidiary structures to the north and south of the Duport deposit;

3. Guide the Phase II drill program toward gold targets considered to have potential for the discovery of high-grade ounces. The South Main Lens targeted during the Phase I program intersected 20.02 g/t Au over a core length of 3.24 m TW in Hole 05-02 and 7.37 g/t Au over 2.25 m TW in Hole 05-17. The Duport deposit remains open in all directions;

4. Efficiently maintain the large area landholdings in good standing with respect to assessment requirements.

The airborne database is presently being digitally processed and will be integrated with satellite imagery studies to facilitate an up-to-date structural interpretation of the property. The determination of structural sites favorable for the discovery of higher-grade gold mineralization over thicker intersections will be the focus of the study.

Initial results of the airborne survey will be discussed in an upcoming news release.

Qualified Person

The above information has been prepared under the supervision of Kevin Leonard, who is designated as a "Qualified Person" with the ability and authority to verify the authenticity and validity of the data. The field work is supervised by Kevin Leonard, the project "Qualified Person" under the definition of NI 43-101. Mr. Kevin Leonard is the consulting geologist to Halo for the Duport project and has reviewed this news release and has verified the technical information provided herein.

Additional Information

For additional information on the Duport Property, please see the Technical Report on the Duport property, Northwestern Ontario, Canada, dated November 8, 2004, filed on SEDAR at www.sedar.com

Halo Resources Ltd. 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, an advanced stage gold project; Bachelor Lake, a gold exploration project; and a letter of intent regarding Quarter Moon, which is a grass roots gold project. 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.

Website: www.halores.com


"Marc Cernovitch"

President & CEO

Except for the historical statements contained herein, this news release presents forward-looking statements that involve inherent risks and uncertainties. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, they give no assurance that their expectations will be achieved. Certain risks and uncertainties inherent in the Company's operations include political, economic, environmental and geological issues, including but not limited to, the continued need for additional capital, the competition within the mining industry, and other risks detailed from time to time in the Company's periodic reports filed with the British Columbia Securities Commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Halo Resources Ltd.
    Marc Cernovitch
    President & CEO
    604-484-0068 or Toll Free: 1-866-841-0068