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 MARCH, 2007.
Commission File Number: 0-30196
HALO RESOURCES LTD
- --------------------------------------------------------------------------------
(Translation of registrant's name into English)
#1305 - 1090 West Georgia Street, Vancouver, British Columbia, V6E 3V7, Canada
- --------------------------------------------------------------------------------
(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.
-------------------------------------
Date: March 16, 2007 /s/ Marc Cernovitch
----------------------------- -------------------------------------
Marc Cernovitch
Chairman
HALO RESOURCES LTD.
#2900A - 25 KING STREET
YORK, ON M9N 1K8
TEL: (416) 368-7045 FAX: (416) 368-9805
TSXV SYMBOL: HLO OTCBB SYMBOL: HLOSF
FRANKFURT EXCHANGE: HRL
- --------------------------------------------------------------------------------
HALO EXTENDS HIGH GRADE ZONE BELOW BOB LAKE DEPOSIT
VANCOUVER, BRITISH COLUMBIA, MARCH 16, 2007 - LYNDA BLOOM, PRESIDENT & CEO OF
HALO RESOURCES LTD. (TSX.V:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to announce
that additional drilling at the Bob Lake deposit, Sherridon, Manitoba, has
confirmed the presence of copper and zinc-rich massive sulphides beneath the
historic resource limits. An intersection in DH-11 of 2.53 M GRADING 1.46%
COPPER AND 2.23% ZINC within a massive sulphide zone 10.7 M THICK GRADING 0.92%
COPPER AND 1.51% ZINC extends the length of the known massive sulphide lens by
65m downdip. Hole SL-39, drilled in the 1940s, intersected the same mineralized
lens 45m from surface, reporting 16m grading 1.13% copper and 1.66% zinc.
Historic drilling at the Bob Lake deposit was generally within 75m of surface
and Halo's current drill campaign indicates that there are significant
opportunities to expand the deposit along strike and at depth.
HIGHLIGHTS:
o major intersection extends massive sulphide lens 65 metres downdip from
historic intersections;
o Bob Lake mineralization is confirmed by drill sections over 600 metres;
o deposit remains open to up to 750 metres southeast of previously known
deposit boundary; and
o highest-grade gold zone, 3.8 grams per tonne gold over 3.7 metres
The copper and zinc grades of the mineralization in drill holes 9-13 are typical
of grades reported from 36 drill holes completed in the 1940s in the same area
and as reported for drill holes DH-04 to DH-06 in February. Three drill
sections, 300 m apart, have now been completed within the previously outlined
historic Bob Lake deposit.
Further drilling is anticipated to test the extension of the Bob Lake deposit to
the southeast where drill holes DH-07 and DH-08, located 550 and 750 m from
drill holes DH-09 and DH-10, intersected similar grades and widths of
mineralization.
Borehole Pulse EM surveys are underway and will be used to guide additional
drill targets to test both strike and depth extensions of the sulphide zones.
Drilling continues 3 km northeast of the Bob Lake deposit at the polymetallic
Jungle deposit.
TECHNICAL HIGHLIGHTS
- --------------------------------------------------------------------------------
HOLE DIP/AZIMUTH FROM TO INTERVAL CU ZN AG AU
(degrees) (m) (m) (m) (%) (%) (g/t) (g/t)
- --------------------------------------------------------------------------------
DH09 71 /225 161.0 167.4 6.4 0.78 1.81 6.0 0.99
180.6 183.0 2.4 0.63 0.85 6.6 0.16
188.0 190.4 2.4 0.56 0.63 5.2 0.36
- --------------------------------------------------------------------------------
DH10 45 /225 136.1 137.7 1.6 >0.5* - 9.2 0.20
150.2 153.9 3.7 0.26 - 3.6 3.82
- --------------------------------------------------------------------------------
DH11 45 /225 134.4 145.1 10.7 0.92 1.51 7.83 0.18
- --------------------------------------------------------------------------------
* Assays pending
-2-
At total of 1,123 m of drilling was recently completed in five diamond drill
holes at the Bob Lake deposit. Assays for all mineralized zones in diamond drill
holes 09 to 13 are reported in the assay table. Most intersections are expected
to be near true widths but further drilling is required to assess the geometry
of the deposit.
Drill hole DH-12, drilled from the same location as DH-11 at a steeper angle (69
(0)) intersected an unmineralized disseminated sulphide zone between 244.8 to
253.0 m downhole. DH-13 was drilled 200 m north of DH-1, and outside the
previously defined ore deposit boundary; the associated geophysical anomaly is
explained by a near-surface graphitic zone.
Sampling, assaying and quality control procedures are consistent with those
reported in the Technical Background of the press release issued February 15,
2007. The above information has been prepared under the supervision of Kevin
Leonard, who is designated as a "Qualified Person" with the ability and
authority to verify the authenticity and validity of the data.
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 3 projects: Duport, which is an advanced stage gold project;
Red Lake, which is a gold exploration project, and the Sherridon project that is
a combination of mature and grassroots volcanogenic massive sulphide (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/ Lynda Bloom
- ------------------------------
Lynda Bloom, President and CEO
For further information, please contact:
Lynda Bloom, President & CEO or Marc Cernovitch, Chairman
Halo Resources Ltd.
Tel: 416-368-7045
Fax: 416-368-9805
Toll Free: 1-866-841-0068
lbloom@halores.com
________________________________________________________________________________
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 information"
within the meaning of the United applicable Canadian securities lawsthat involve
inherent risks and uncertainties. Forward-looking information includes, but is
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, forward-looking information 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 information is 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 information, 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 information 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
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking information Halo does
not undertake to update any forward-looking information that is incorporated by
reference herein, except in accordance with applicable securities laws. Trading
in the securities of Halo Resources Ltd. should be considered highly
speculative.