Helio Resource Corp.

Helio Resource Corp.

March 17, 2005 11:27 ET

Helio Identifies Major New IP Anomaly on the Otjitombo Property


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: HELIO RESOURCE CORP.

TSX VENTURE SYMBOL: HRC

MARCH 17, 2005 - 11:27 ET

Helio Identifies Major New IP Anomaly on the Otjitombo
Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 17, 2005) - Helio
Resource Corp. (TSX VENTURE:HRC) ("Helio") is pleased to announce
results from a recently completed induced polarization (IP) geophysical
survey from its 100% owned Otjitombo property.

Otjitombo hosts a discontinuous 7km-long zone of anomalous
copper-in-soil values, within which are numerous copper occurrences
protruding from extensive sand cover. Helio previously conducted IP
surveys over a 3 x 1.5km grid covering the best-known area of
outcropping copper mineralization at the north east end of the copper
trend. That survey identified a number of large IP anomalies spatially
related to the known mineralisation. Helio is conducting an ongoing
diamond drilling programme to test these IP anomalies.

The new IP survey has identified a major IP chargeability anomaly
extending a distance of 3.5km away from the limits of the old IP survey,
demonstrating that IP anomalies occur over the whole of the 7km copper
trend. The largest newly discovered chargeability anomaly measures
approximately 2.5km long by 900m across (greater than 20 msecs) - To see
attached image please click on the following link:
http://www2.ccnmatthews.com/database/fax/2000/0317hrc.jpg. This anomaly
lies under cover immediately adjacent to outcropping Cu-Au-Co
occurrences, and is coincident with a major magnetic anomaly. This new
anomaly has never been drill tested.

As previously reported, drilling of known copper occurrences adjacent to
covered IP anomalies has returned results of 22m grading 1.06% Cu and
0.26 g/t Au from Target A, and 32m grading 0.97% Cu and 0.11 g/t Au from
Target B (see Helio press release dated 15th March 2005). It is
anticipated that further drilling will be conducted in order to
characterise the newly discovered IP anomaly.

Chris MacKenzie, Chartered Geologist and Helio's Executive Chairman, is
the Qualified Person as designated by NI43-101 and has reviewed and
approved the content of this news release.

ON BEHALF OF THE BOARD OF DIRECTORS,

Richard D. Williams, P.Geo, President

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Helio Resource Corp.
    Richard Williams
    President
    (604) 668-8356
    (604) 668-8366 (FAX)
    richard@helioresource.com
    www.helioresource.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.