COMPANY WEBSITE: http://www.halores.com/s/Home.asp HALO RESOURCES LTD. Versant Partners Report, Oct 2007 Symbol/Exchange: HLO-TSXV Sector: Mining and Metals
All dollar values in C$ unless otherwise noted.
Current price: $0.59
Shares O/S (mm) 40.7 52-week range $0.31 - $0.67 Shares Fully Diluted 52.8 Avg. vol. (000) 552
Market Capitalization ($mm) $24.0 Fiscal year-end 31-Dec
Source: Company reports and Versant Partners EXPLORATION THESIS
Halo Resources is revisiting the VMS camp of
Northern Manitoba. Manitoba VMS deposits
have a long rich history as the province is home to
15% of Canada’s VMS deposits, including Flin
Flon. DISCOVERY POTENTIAL
Halo’s Sherridon VMS camp is located 65 km
northeast of Flin Flon and contains the pastproducing
Sherritt Gordon orebody. This deposit
contained 7.7 Mt grading 2.46% Cu, 0.80% Zn,
0.41 g/tonne Au and 42.0 g/tonne Ag.
COMPANY FOCUS POINTS
) Projects: Duport (gold); Sherridon VMS
(copper- zinc); and West Red Lake (gold).
) At Sherridon’s new Lost Lake Zone, Halo
intersected 1.2% Cu and 6.3% Zn over 6.5 m in
DH07-57 and 1.6% Cu and 4.9% Zn over 5.1
m in DH07-55.
) Lost Lake zone extends 800 m south of the
railroad in a previously untested area.
) Down-hole geophysics is underway to help
define a second phase of drilling at Lost Lake.
) Halo intersected 2.6 m of 1.4% Cu and 8.2%
Zn at 56.4 m in DH07-49 at Sherridon’s Cold
) Assays increased to 27% zinc over 0.65 metres.
) Mineralized zone continuous over 400 metres.
) Assay results pending for three holes at Cold
) Halo intersected 8.2 m of 2.79% Cu and 0.43%
Zn at 200 m depth at Sherridon’s Jungle Lake.
Ian T. Parkinson Indi Gopinathan, MBA, P.Eng. (Associate)