UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of OCTOBER, 2006.
Commission File Number: 0-30196
HALO RESOURCES LTD
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(Translation of registrant's name into English)
#1305 - 1090 West Georgia Street, Vancouver, British Columbia, V6E 3V7, Canada
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F: FORM 20-F [X] FORM 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): _______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): _______
Indicate by check mark whether the registrant by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES [ ] NO [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3- 2(b): 82-_____________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf of the
undersigned, thereunto duly authorized.
HALO RESOURCES LTD.
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Date: October 12, 2006 /s/ Nick DeMare
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Nick DeMare,
Director and CFO
HALO RESOURCES LTD.
#1280 - 625 HOWE STREET
VANCOUVER, BC V6C 2T6
TEL: (604) 484-0068 FAX: (604) 484-0069
TSXV SYMBOL: HLO OTCBB SYMBOL: HLOSF
FRANKFURT EXCHANGE: HRL
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HALO OBTAINS SUPPORT OF GOVERNMENT OF CANADA IN
SEARCH FOR NEW DEPOSITS AT SHERRIDON PROJECT
VANCOUVER, BRITISH COLUMBIA, OCTOBER 12, 2006- MARC CERNOVITCH, PRESIDENT AND
CEO OF HALO RESOURCES LTD. (TSX.V:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to
announce that Halo has agreed to conduct joint research in the Geological Survey
of Canada's Flin Flon Project, part of the Government of Canada's national
Targeted Geoscience Initiative III (TGI-3) Program. The Flin Flon Project is a
five year integrated geoscience study aimed at helping in the discovery of
significant new base metal deposits in established mining communities of the
Flin Flon-La Ronge-Lynn Lake district of northern Manitoba and Saskatchewan.
These studies range from regional to local in scope, the latter including
detailed studies at Flin Flon and the newly-approved work at Sherridon.
Halo's Sherridon property, located in northern Manitoba, covers an area of 188
sq km, including the former Sherritt-Gordon Mines operated copper-zinc mine
which produced from 1933 to 1950. The property is considered by Halo to be
highly prospective for new VMS discoveries and is linked by road and rail to
Hudson Bay Mining and Smelting Co., Limited's Flin Flon mining and metallurgical
complex approximately 70 km to the southwest. Halo believes that the involvement
of technical experts from the provincial and federal governments and from
Academia will bring significant benefit to its exploration efforts at Sherridon.
The Flin Flon TGI-3 Project has been developed through joint
provincial-federal-industry consultation and is being delivered as a fully
integrated partnership, including the Manitoba and Saskatchewan Geological
Surveys and the Geological Survey of Canada. A number of university researchers
are also part of the geoscience team. The Project Advisory Committee
representing all partners in the project recently approved the joint research
project with Halo Resources Ltd. in the Sherridon area. Halo joins an active
group of industry collaborators in the TGI-3 Flin Flon project, including Inco
Limited, North American Palladium Ltd., Trans America Industries Ltd., Uravan
Minerals Inc., and Wallbridge Mining Company Limited in the Lynn Lake (Manitoba)
- -Rottenstone (Saskatchewan) area, and Hudson Bay Mining and Smelting Co.,
Limited in the Flin Flon region.
It is anticipated that the research at Sherridon will involve geophysical and
structural modeling of the rock units that host copper-zinc deposits in the
area, as well as other geological studies on the nature of the host rocks. Halo
Resources Ltd. will provide proprietary geophysical data and logistical support
to TGI-3 scientists. The VMS deposits are hosted in complexly folded high grade
metamorphic gneiss. A recently completed helicopter-borne deep penetration/high
resolution AEM survey outlined several new
conductive zones, untested by drilling, which could represent VMS style
copper-zinc deposits. Key to effective drill testing is the selection of the
best conductors with the most suitable geological attributes for hosting VMS
style mineralization.
Halo's Management places great importance on engaging its technical staff
collaboratively with technical experts from the provincial and federal
governments and from Academia. The national Targeted Geoscience Initiative III
(TGI-3) Program is well suited to achieve this collaboration in the fields of
structural, lithostratigraphic and geophysical studies. These activities are
necessary to establish the detailed geological framework of the most prominent
conductors for future drill testing.
ABOUT TARGETED GEOSCIENCE INITIATIVE
The Government of Canada committed $25M over five years to extend the mission of
the Targeted Geoscience Initiative Program with a focus on base metal reserves
in established mining communities. Project areas include; Southern B.C, Central
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Manitoba-Saskatchewan, Abitibi and Central Newfoundland. The Targeted Geoscience
Initiative (TGI) provides integrated geoscience knowledge pertaining to areas of
high base metal potential, with the intent of stimulating private-sector
resource exploration. TGI is, by definition, a partnership program, delivered in
collaboration with provincial geological surveys with participation by industry
and universities. TGI outputs and outcomes for 2005-2010 will be delivered
through projects that are part of the TGI3 Program. COMMITTED OUTPUTS o
Integrated compilations of existing industry and government data in selected
mining districts o Targeted new geological, geophysical and geochemical maps o
New and improved methods for mapping hidden and deep-seated base metal deposits
o Three-dimensional knowledge cubes in areas of highest base metal potential o
Short courses on TGI3 results for existing exploration experts o New highly
qualified personnel for base metal exploration COMMITTED OUTCOMES o Increased
private sector base metal exploration due to reduced exploration risk o Increase
the pool of highly qualified people available to the industry o Increased
exploration success and discovery rates for base metals o Discovery of 3-5
significant new base metal targets in TGI Program areas QUALIFIED PERSON
Eckart Buhlmann, a principal of Buhlmann & Associates Inc. and a "qualified
person" as defined in NI 43-101, has reviewed this news release and has verified
the technical information provided herein.
HALO RESOURCES LTD.
Halo is a Canadian-based resource company focused on the acquisition of near
production base and precious base metal deposits. Currently the Company owns or
has an interest in 4 projects: Duport, which is an advanced stage gold project;
Red Lake Project, which is a gold exploration project, Quarter Moon which is a
grass roots gold project, and the Sherridon project, which is a grass roots VMS
project. The Company is operated by an experienced management team and backed by
a strong network of mining financiers. The Company's growth strategy is to
develop a diversified portfolio of advanced mining projects.
ON BEHALF OF THE BOARD
/s/ Marc Cernovitch
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Marc Cernovitch, President and CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release. Except for the historical statements
contained herein, this news release presents "forward-looking statements" within
the meaning of the United States Private Securities Litigation Reform Act of
1995 and similar Canadian legislation that involve inherent risks and
uncertainties. Forward-looking statements include, but are not limited to,
statements with respect to the future price of gold and other minerals and
metals, the estimation of mineral reserves and resources, the realization of
mineral reserve estimates, the capital expenditures, costs and timing of the
development of new deposits, success of exploration activities, permitting time
lines, requirements for additional capital, government regulation of mining
operations, environmental risks, unanticipated reclamation expenses, title
disputes or claims and limitations on insurance coverage. Generally, these
forward-looking statements can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking statements are
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of Halo
to be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks related to the
integration of acquisitions; risks related to joint venture operations; actual
results of current exploration activities; actual results of current or future
reclamation activities; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of gold and other
minerals and metals; possible variations in ore reserves, grade or recovery
rates; failure of equipment or processes to operate as anticipated; accidents,
labour disputes and other risks of the mining industry; and delays in obtaining
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governmental approvals or financing or in the completion of development or
construction activities. Although the management and officers of Halo Resources
Ltd. believe that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions and have attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Halo does not undertake to update any forward-looking statements
that are incorporated by reference herein, except in accordance with applicable
securities laws. Trading in the securities of Halo Resources Ltd. should be
considered highly speculative.
For further information, please contact:
Marc Cernovitch, President & CEO
Halo Resources Inc. Tel: 604-484-0068
Fax: 604-484-0069 Toll Free: 1-866-841-0068
mcernovitch@halores.com