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News Release

October 6, 2009

Hellix Announces Preliminary Athabasca Sample Assays

HELLIX VENTURES INC. - HEL:TSX.V/HLLXF:OTC - Vancouver, BC- Frank Underhill, President, releases preliminary sample results on the Athabasca claim group taken as a part of its initial due diligence. The company, through its wholly owned subsidiary 0814636 B.C. Ltd. signed an option to purchase 100% of the Athabasca claim group in southeastern British Columbia earlier this month.

In August, 2009, six rock samples were taken from various sites on the property, including one of the Athabasca Mine tunnels. All samples returned gold values.

Sample #

Au (Grams)

Au (Ounces)

A-1

.325

.01

A-2

7.65

.22

A-3

28.59

.83

A-3-4N

3.49

.10

A-3-4S

2.08

.06

A-4

42.12

1.23

A-1            Grab - Outcrop on road

A-2            Chip - #1 Tunnel approx. 120’ from entrance 8” width

A-3            Chip - #1 Tunnel approx. 140’ from entrance 2’ width

A-3-4N      Chip – 2’ quartz vein app. 40’ in length North side of adit on GE claim

A-3-4S       Chip – 2’ quartz vein app. 40’ in length South side of adit on GE claim

A-4            Grab – Dump

All samples were taken by a Hellix-employed contractor and secured for assay at certified laboratory Acme Analytical in Vancouver. Due to the presence of free gold (historically approximately 80% occurs in this form), all samples were subjected to a fire assay process. Samples A-1 through A-3-4S were tested for Au + 35 elements by fire assay (FA) and Inductively Coupled Plasma (ICP) with Aqua Regia Digestion (AgR). Sample A-3 was retested as it first assayed greater than 10.0 g/t. Sample A-4 was tested using a metallic fire assay process and larger sample weight. This method is more expensive but gives a more accurate reading, detecting more of the free gold in the rock.

Historical records show the Athabasca Mine produced over 20,000 ounces of gold from approximately 22,000 tons milled during the late 1800’s and early 1900’s. There are three main developed levels in the mine. The No. 2 West level was reported to be most prolific with gold averaging 45.6 g/t (1.33 oz/t) over a 49 meter (160 ft) strike length. There is no indication that ore grades diminish with depth. The property has never been drilled.

The geology of the Athabasca region features the Elise Volcanics, Nelson Instrusives, and the Silver King Porphyry. These features host the nearby Anglo Swiss Kenville Gold Mine, Valterra’s Star property, and Sultan Minerals’ Kena property. Sultan has reported a measured and indicated NI 43-101 compliant resource in two deposits of 11.8 million tonnes averaging 1.0 g/t gold.

Exploration and development plans for the Athabasca are forthcoming.

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 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.

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. Historically reported results may not be NI43-101 compliant and therefore may not be relied upon.

 
 

 

           
   
 

 

 
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