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 NOVEMBER, 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: November 20, 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 COMMENCES DRILL PROGRAM TO TEST NEW TARGETS
AT ITS SHERRIDON VMS PROPERTY
VANCOUVER, BRITISH COLUMBIA, NOVEMBER 20, 2006 - MARC CERNOVITCH, PRESIDENT AND
CEO OF HALO RESOURCES LTD. (TSX.V:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to
announce the commencement of a drill program designed to test numerous,
previously untested VMS target areas identified by the recently completed
helicopter-borne deep penetration and high resolution Time Domain EM (VTEM)
survey. The first drill location is within an area that covers the postulated
extension of the historic Sherritt Gordon East Zone ore body (the Eastern
Areas). The strength of mineralization at the easternmost extremity of the ore
body is indicated by a recent grab sample that returned an impressive 14% CU,
2.88% ZN, & 7.41 G/T AU. (PLEASE FIGURE 1)
[GRAPHIC OMITTED][GRAPHIC OMITTED][GRAPHIC OMITTED][GRAPHIC OMITTED]
New Geological Picture - showing Old Sherritt Gordon E. Zone Mine and location
of 2006 October Grab Sample 14.5% Cu, 2.9% ZN and 7.4 g/t Au
Showing location of new untested EM conductors east of old mine
[GRAPHIC OMITTED][GRAPHIC OMITTED]
2006 Total Magnetice Survey "Deep penetrating VTEM revealing many new drill
targets.
TO VIEW OMITTED GRAPHICS PLEASE VISIT THE COMPANY WBSITE: www.halores.com
Drilling commenced as scheduled on November 16 with the first hole designed to
test the quality and thickness of a strong EM conductor located at a depth of
214 m. Additional test holes are planned in the area to test a second EM
conductor and also the presence of deep mineralization identified by Sherritt
Gordon drilling in the 1940's. Preparation of subsequent drill targets is in
progress. (PLEASE SEE FIGURE 2)
[GRAPHIC OMITTED][GRAPHIC OMITTED]
Eastern Areas EM Conductors
TO VIEW OMITTED GRAPHICS PLEASE VISIT THE COMPANY WBSITE: www.halores.com
The initial 5,000 m of a planned 20,000 m drill program was awarded to Rodren
Drilling Ltd. of Winnipeg, Manitoba. Halo welcomes Rodren to its stakeholder
team and is confident that its extensive northern experience will significantly
benefit the Sherridon project. Rodren is committed to work in close cooperation
with Halo and the local Sherridon community.
The Sherridon VMS Property is controlled by Halo and comprises a land package of
188 sq km in the Sherridon volcanogenic massive sulphide district. The area is
underlain by high grade metamorphic rocks derived from bimodal volcanics. The
property includes the site of the former Sherritt Gordon Mines' copper-zinc mine
that operated from 1933 to 1950. The property is considered by Halo to be highly
prospective for new VMS discoveries and to have a largely untested gold
potential. Possible developments in the future are greatly facilitated by the
existing rail link to Hudson Bay Mining and Smelting Co. Ltd. (HBMS)
mining/metallurgical complex approximately 70 km to the southwest and also by
the presence of an all weather 78 km road to provincial hwy 10, a power line and
a communication tower.
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 that comprises a combination
of mature and grassroots VMS copper, zinc and gold exploration opportunities.
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
__________________________________
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
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 Ltd.
Tel: 604-484-0068
Fax: 604-484-0069
Toll Free: 1-866-841-0068
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