March 28, 2012
Hellix Files Drill Permit Application for Athabasca
HELLIX VENTURES INC. (HEL:TSX.V / HLLXF:OTC) -Vancouver, BC- Frank Underhill, President, announces that the Company has filed a Notice of Work Application to the British Columbia Ministry of Energy, Mines and Petroleum Resources for its upcoming drill program on the Athabasca gold property near Nelson, B.C.
The surface drill program is designed to intersect the western down-dip extension of the vein system as evidenced by the results of our sampling program reported in our November 23, 2011 news release. This will evaluate the potential for continued gold-bearing veins in that direction.
It is anticipated that a review and decision on our application will be forthcoming near the beginning of the field season.
Hellix also plans to open up the main #2 portal of the historic Athabasca underground (a permit application is underway), and continue with shorter-spaced soil sampling at anomalous gold locations discovered during our sampling program last season.
We anticipate results on the twelve-hole drill program at our Margarita property in Arizona within the next 2 to 3 weeks. A video and photographs of the drilling are on the Company website and may be viewed at http://www.hellixventures.com.
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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