July 10, 2012
Hellix Files Drill Permit Application for AthabascaHELLIX VENTURES INC. (HEL:TSX.V / HLLXF:OTC) -Vancouver, BC- Frank Underhill, President, announces updates on its two gold projects – the Athabasca near Nelson, British Columbia, Canada, and the Margarita in southern Arizona, USA.
Hellix has just completed its second soil sampling survey on the Athabasca property. This program utilized shorter spaced lines to follow-up on higher grade gold results received from previously unknown zones tested last season. Samples have been sent to an accredited Canadian laboratory for assay.
The Company has received final approval from the Ministry of Energy and Mines on its drill permit application. The drill program will commence following the coordination of all field personnel.
Hellix has filed an application with regulatory bodies to drill up to thirty-nine shallow vertical holes on its Margarita gold property south of Tucson, Arizona. The main focus will be infill drilling and expansion of the Main Margarita Mineralized Zone, with additional holes spotted on the North Hill and Cascabel Zones.
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.
Toll Free: 1-877-430-3113 Phone: (604) 683-6657 Fax: (604) 684-4407
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