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News Release

December 7, 2009

Hellix Releases Additional Sample Results/Planned Work Program

HELLIX VENTURES INC. - HEL:TSX.V/HLLXF:OTC - Vancouver, BC-  Frank Underhill, President, releases additional sample results on the Athabasca claim group taken as a part of its initial due diligence. The company, through its wholly owned subsidiary, recently signed an option to purchase 100% of the former gold producer - the Athabasca Mine near Nelson, British Columbia.

In October, 2009, the company commissioned a professional geologist for a site visit. A total of eight grab samples were collected. Only three samples were taken in the Athabasca Mine underground workings, all in the volcanics.  According to our interpretation of the historic mine plan map, the location was the #1 adit. These presented the best gold values and are shown below. 

Sample # Au g/t Au oz/t Ag g/t Ag oz/t Pb (%)

8R257259

28.7

0.837

 

 

 

8R257260

213.0

6.212

128

3.73

2.85

8R257261

51.7

1.508

 

 

 

8R257259 - Quartz vein; taken in adit about 75 metres in; 15cm thick vein with 7-10% fracture- controlled pyrite; strong fracture controlled limonite; hosted by coarse grained augite porphyry

 

8R257260 - 25cm quartz-sulphide vein; 3-5% fracture-controlled pyrite;<1% fine grainedunidentified dark grey sulphide>

 

8R257261 - 25cm quartz vein; massive white quartz with moderate fracture controlled limonite; 3% fracture controlled pyrite

All samples were collected and secured by the geologist, then sent for assay to Eco Tech Laboratory Ltd., an established certified lab in Kamloops, British Columbia. Samples were tested for Au via metallic fire assay, and the 46 additional elements via Inductively Coupled Plasma (ICP). Note that grab samples are selective and not likely to be representative of average grades.

The Nelson region is experiencing a rebirth in mining exploration activity, particularly the small to medium former high grade precious metal producers.  At least two companies in the immediate area have recently completed drill programs, while others such as Anglo Swiss have been adding to their land holdings near their Kenville Mine property. 

Hellix’s upcoming field season will involve a mapping program to verify the location of significant underground workings and geological structures obtained from mine plans in historical reports. Surface and underground mapping will be followed by a drill program based on our findings.

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 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

HELLIX VENTURES INC. 
Email: info@hellixventures.com 

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. Any unauthorized use, distribution or copying of this communication by other than the intended recipient is strictly prohibited. If you have received this correspondence in error, please delete immediately.

 
 

 

           
   
 

 

 
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