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Hellix Announces Preliminary Athabasca Sample Assays
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HELLIX VENTURES INC.
Phone (604) 683-6616
Fax (604) 684-4407
http://www.hellixventures.com] www.hellixventures.com
Email: [mailto:]
PRESS RELEASE
October 6, 2009
Hellix Announces Preliminary Athabasca Sample Assays
HELLIX VENTURES INC.
(HEL:TSX.V / HLLXF:OTC) -Vancouver, BC- Frank
Underhill, President, releases preliminary sample results on the Athabasca
claim group taken as a part of its initial due diligence.
The company,
through its wholly owned subsidiary 0814636 B.C.
Ltd., signed an option to
purchase 100% of the Athabasca claim group in southeastern British Columbia
earlier this month.
In August, 2009, six rock samples were taken from various sites on the
property, including one of the Athabasca Mine tunnels.
All samples returned
gold values.
Sample #
Au (Grams)
Au (Ounces)
A-1
.325
.01
A-2
7.65
.22
A-3
28.59
.83
A-3-4N
3.49
.10
A-3-4S
2.08
.06
A-4
42.12
1.23
A-1 Grab - Outcrop on road
A-2 Chip - #1 Tunnel approx.
120 from entrance 8 width
A-3 Chip - #1 Tunnel approx.
140 from entrance 2 width
A-3-4N Chip 2 quartz vein app.
40 in length North side of
adit on GE claim
A-3-4S Chip 2 quartz vein app.
40 in length South side of
adit on GE claim
A-4 Grab Dump
All samples were taken by a Hellix-employed contractor and secured for
assay at certified laboratory Acme Analytical in Vancouver.
Due to the
presence of free gold (historically approximately 80% occurs in this form),
all samples were subjected to a fire assay process.
Samples A-1 through
A-3-4S were tested for Au + 35 elements by fire assay (FA) and Inductively
Coupled Plasma (ICP) with Aqua Regia Digestion (AgR).
Sample A-3 was
retested as it first assayed greater than 10.0 g/t.
Sample A-4 was tested
using a metallic fire assay process and larger sample weight.
This method
is more expensive but gives a more accurate reading, detecting more of the
free gold in the rock.
Historical records show the Athabasca Mine produced over 20,000 ounces
of gold from approximately 22,000 tons milled during the late 1800s and
early 1900s.
There are three main developed levels in the mine.
The No.
2 West level was reported to be most prolific with gold averaging 45.6 g/t
(1.33 oz/t) over a 49 meter (160 ft) strike length.
There is no indication
that ore grades diminish with depth.
The property has never been drilled.
The geology of the Athabasca region features the Elise Volcanics, Nelson
Instrusives, and the Silver King Porphyry.
These features host the nearby
Anglo Swiss Kenville Gold Mine, Valterras Star property, and Sultan
Minerals Kena property.
Sultan has reported a measured and indicated NI
43-101 compliant resource in two deposits of 11.8 million tonnes averaging
1.0 g/t gold.
Exploration and development plans for the Athabasca are forthcoming.
This release has been reviewed by Qualified Person Laurence Sookochoff,
P.Eng.
HELLIX VENTURES (HEL TSX.V) is engaged in the identification,
acquisition, exploration and development of gold and silver properties in
North America.
Hellix has no debt (other than short-term trade payables),
and has positive cash flow from fossil fuel production in Western Canada.
All transactions stated or referred to herein are expressly subject to TSX
Venture Exchange approval as well as all other applicable regulatory body
approvals.
ON BEHALF OF THE BOARD OF DIRECTORS
HELLIX VENTURES INC.
Frank Underhill
President
Website: www.hellixventures.com Email:
[mailto:]
Toll Free: 1-877-430-3113 Phone: (604) 683-6657 Fax: (604) 684-4407
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
The forgoing
is for informational purposes only, and is not to be construed as an offer
to buy or sell securities in any jurisdiction.
It may contain
forward-looking statements.
While the data compiled by management is from
sources deemed to be reliable, actual future results may vary materially.
Hellix Ventures Inc.
does not assume the obligation to update any
forward-looking statement and will not be responsible for any loss or
damage arising from the use of this information.
Historically reported
results may not be NI43-101 compliant and therefore may not be relied upon.
Any unauthorized use, distribution or copying of this communication by
other than the intended recipient is strictly prohibited.
If you have
received this in error, please delete immediately.
This message was sent by: Hellix Ventures Inc., 125A - 1030 Denman Street, Vancouver, BC V6G 2M6, Canada
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