September 5, 2013
Hellix Drops Maragrita LeaseHELLIX VENTURES INC. (HEL:TSX.V / HLLXF:OTC) -Vancouver, BC- Frank Underhill, President, announces the Company has dropped the lease on its Margarita property in Arizona.
Due to the present situation in the public mineral exploration and development markets, Hellix is making every effort to lower its cash outlays for the near term. The Company attempted to re-negotiate the property lease payments with the property owner, but were unsuccessful. We have also been disappointed with the progress on our Margarita permit application for our phase two drill program. This was initially submitted close to one year ago. As at this date, it has not been reviewed by the personnel currently involved with the government agency responsible.
Hellix will continue in its pursuit of precious metals properties of merit.
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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