Hellix Ventures was formed in 1993 as an oil and gas exploration and development company. The properties originally acquired are producing today with a positive cash flow to the corporate treasury.
In the latter part of the 1990's, management looked toward diversification after observing an abundance of attractive mineral properties for sale. Precious metal prices were in a slump, and it was a buyer's market for gold property acquisitions.
During several forays into overseas countries, Hellix found less than stable political climates and attitudes toward foreign entity mineral exploration. The Company made a conscious decision to base the quality of project, first and foremost on the country of origin, no matter how good it looked on paper.
Management decided that the most stable areas in every respect are here in North America. There is an extensive history of mining (particularly gold and silver) with plenty of infrastructure close at hand.
In April, 2010, the Company agreed to option up to 95% of the Margarita Gold property in Arizona. USGS (U.S. Geological Survey) data confirms the Margarita Mine as a past producer during the period 1903 - 1941.
The Company has optioned a historic gold producer in British Columbia, Canada. It produced over 20,000 ounces of gold with most of the production during the period 1897 to 1903.
In late 2005, Hellix was successful with its participating interest in the horizontal drilling of the Star Valley property in Saskatchewan, Canada. This has increased our gross revenue from fossil fuel production by over 30%.
Hellix Ventures' history is just beginning.