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 APRIL, 2007.
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: April 3, 2007 /s/ Marc Cernovitch
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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
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APRIL 3, 2007
HALO HAS COMMENCED DRILLING ON JUNGLE LAKE COPPER-ZINC DEPOSIT,
SHERRIDON - FLIN FLON AREA, MANITOBA
HALO RESOURCES LTD. (TSX.V: HLO; OTC.BB: HLOSF; FSE: HLR) - LYNDA BLOOM,
PRESIDENT AND CEO is pleased to announce that Halo Resources Ltd. has commenced
drilling at the Jungle Lake copper-zinc deposit on its 200 square km Sherridon
Volcanogenic Massive Sulphide (VMS) Property in the Sherridon - Flin Flon area
of Manitoba. Drilling of the known deposits and mineral occurrences on the
Sherridon VMS Property is part of the planned 20,000metre drill program designed
to confirm results identified by earlier work and to explore for extensions to
the known deposits. Halo plans to accelerate the resource assessment work on the
property to bring it to NI 43-101 compliancy by the end of 2007. The preliminary
program on the Jungle Lake copper-zinc deposit will consist of 1500 metres of
drilling in 7 holes.
The Jungle Lake deposit was discovered and drilled by Hudson Bay Exploration and
Development Company Limited (HBED) from 1958 to 1967. Historical resource
estimates calculated by HBED on the Jungle Lake deposit are 3.4 million tonnes
grading 1.42% copper and 1.1% zinc All resources stated in this press release
are historical in nature. Although the resource estimations are believed to be
reliable, they were calculated prior to the implementation of National
Instrument 43-101. Halo and its Qualified Persons have not done sufficient work
to reclassify the historical estimates as current mineral resources. Halo is not
treating the historical estimates as current mineral resources and the
historical estimates should not be relied upon. More recent estimates or data
are not available to Halo.
Mineralization occurs in four en echelon lenses consisting predominantly of
massive pyrrhotite and pyrite with lesser amounts of chalcopyrite and sphalerite
in blebs and stringers. It has a known east-west strike length of 365 metres and
an average thickness of 5.6metres. It dips at a shallow angle to the north and
occurs from surface to a known depth of 400metres. No drilling has been
conducted on the Jungle Lake deposit since 1967.
"We look forward to the same success at Jungle Lake that we had with the first
phase of drilling at the Bob Lake deposit last month. The mineralized zone at
Bob Lake was extended down dip and along strike and the Jungle Lake deposit
offers the same opportunity to expand historical resources", says Lynda Bloom,
President & CEO.
Halo has the option to earn 100 percent interest in the Jungle Lake deposit from
HBED through a series of cash and share payments and escalating work commitments
as detailed in the option agreement.
The Sherridon VMS Property covers an area of over 20,876 hectares and hosts the
past-producing Sherridon Mine that was operated by Sherritt Gordon Mines from
1933 to 1950 and produced 7.7 million tonnes of ore grading 2.46% copper and
0.8% zinc. The Jungle Lake deposit is believed to lie within the same
stratigraphic horizon that hosts the Sherridon Mine and the Park copper-zinc
deposit. This horizon can be traced for more than 20 km on the property. Results
from an airborne geophysical survey completed in the summer of 2006 identified
-2-
an additional 122 targets. The property is located only 70 km northeast of the
mining and metallurgical complex in Flin Flon operated by HudBay Minerals Inc.
Future development of the property is facilitated by the presence of an
all-weather road and railroad access as well as a power line and communications
tower.
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
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
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The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. Except for historical statements contained herein,
this news release presents "forward looking information" within the meaning of
applicable Canadian and United States securities legislation. Forward-looking
information includes, but is not limited to, information with respect to future
exploration activities. Forward-looking information can frequently be identified
by words such as "plans", "expects", "estimates", "forecasts", "intends",
"anticipates", or "believes", or the negative thereof, or other similar words
and phrases or state that certain actions, events or results "may", "could" or
"might" 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 joint venture operations; changes
in project parameters; fluctuating metal prices; possible variations in ore
reserves, grade or recovery rates; the possibility of project cost overruns or
unanticipated costs and expenses; 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. Although
Halo has 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, except in accordance with applicable securities
laws.