Bajatovic earlier said that Srbijagas' lawyers wereconsidering a possible lawsuit against Ukraine's gas monopolyNaftogaz Ukrainy over the cutoff of gas supplies. HARDSHIP The lack of gas has forced many households to switch toelectricity for heating and the government, in session later nThursday, is expected to discuss whether to cut gas bills forhousehold consumers for December and January Some houses reliant only on gas have had no heating fordays. Bajatovic said the disruption highlighted the need forSerbia to complete a major underground gas storage facility inthe northern town of Banatski Dvor. The completion would cost 22million euros ($28.92 million), he said. Last month, Serbia and Russia finalised a bilateral energypact under which Belgrade agreed to sell 51 percent stake in itsoil monopoly NIS to Gazprom Neft (SIBN.MM) for 400 million eurosin exchange for an arm of the South Stream gas pipeline and thecompletion of the Banatski Dvor gas storage. "Once completed this pipeline will allow Serbia to diversifyits energy supplies," Bajatovic said. Drill results from the Kenge Target NW Zone include:13.5m 3.35g/t Au 8.8m 3.1g/t Au14.8m 2.3g/t Au13.7m 2.1g/t Au16.6m 1.9g/t Au12.3m 1.53g/t Au12.1m 1.43g/t AuTSX-V Trading Symbol: HRC Tel.: 604 - 638 8007E-mail: Website: , Jan.
15 /PRNewswire-FirstCall/ -Kenge Target Drilling UpdateHelio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased toreport the latest drill results from twenty-six diamond drill holes from theNW Zone of the Kenge Target at the SMP Gold Project, Lupa Goldfields, SWTanzania. The results confirm management's view that Kenge has the potentialto host a significant open-pittable gold deposit.Highlights-All drill holes intersected zones of gold mineralisation typical for the Kenge target.-The new results confirm that the NW Zone is continuous with the Main Zone from surface to a depth of 100m (not two separate zones as previously thought).-The combined strike length of the Main-NW Zone is now 1,400m.-Mineralisation is still open to depth and along strike.The results indicate the presence of higher grade material in the vicinity ofthe old Razorback pit. Detailed results are presented in the links below:Table of Drill Intercepts: http:// Section Kenge Target NW Zone: http:// Diamond Drilling Programme Summary-As mentioned previously (Company Press Release November 10, 2008) all ofthe planned 2008 diamond drilling was completed.Results from 40 holes from the Kenge Target, five holes at the KonokonoTarget and 21 holes from the Porcupine Target are still pending.
Alloutstanding samples from these holes are currently being processed in the laband will be reported once results are received.ABOUT THE SMP GOLD PROJECTHelio, through its 100 owned subsidiary BAFEX Tanzania Ltd., can earn a 100interest in five contiguous licences, which cover a 34km strike length of theSaza Shear Zone (see news releases dated December 19, 2005, September 11,2006, and October 16, 2008). The project covers the New Saza Gold Mine, whichoperated between 1939 - 1956, producing approximately 270,000 ounces of goldat an average grade of 7.5g/t Au.Since June 2006, the Company has drill-tested eleven targets, nine of whichare hosted by the Saza Shear Zone. The thickest mineralised intercept at Kengeis from the Mbenge Zone (48.7m 2.1g/t Au - Company press release datedSeptember 8, 2008). The thickest mineralised intercept to date at the SMP wasdrilled at the Porcupine target (52.2m grading 3.3g/t Au - Company pressrelease dated July 21, 2008).Recently, the Company announced excellent metallurgical results from the SMPproject, where recoveries of up to 96 were achieved by conventional processesat the Kenge target (Company press release August 11, 2008).Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person asdesignated by NI 43-101, supervises the exploration at the SMP project,including the sampling and quality assurance/quality control programmes, andhas reviewed the contents of this news release. Unless otherwise stated alldrill holes were oriented at -48 degrees or -60 degrees and were drilledperpendicular towards the main structural trend.