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 JUNE, 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: June 13, 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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HALO DRILLING AT BOB LAKE DEPOSIT SHOWS CONTINUITY
TORONTO, ONTARIO, JUNE 13, 2007 - LYNDA BLOOM, PRESIDENT AND CEO OF HALO
RESOURCES LTD. (TSX:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to announce the
results from the last four holes of Halo Resources' initial drilling program on
the Bob Lake deposit on its 200 square kilometer Sherridon Volcanogenic Massive
Sulphide (VMS) Property in the Sherridon-Flin Flon area of northern Manitoba.
"The drilling program has met and exceeded Halo's objectives to date for the
property. The known strike length of the deposit has been doubled to
approximately 1400 m. The initial exploration efforts are extremely encouraging
and based on the results, Halo has the expectation that the Bob Lake deposit
will perform in a similar manner to the historic Sherritt Gordon mine", says
Lynda Bloom, President and CEO. The known strike length compares to the Sherritt
Gordon Mine's East and West Zones that were each over 2 km long. The deposit
shows continuity down dip and along strike and remains open in both directions.
Halo is also very encouraged by the fact that drilling has revealed that the
mineralization lies relatively close to surface and may be amenable to open pit
mining.
A second phase of drilling on the Bob Lake deposit is planned once the results
from the down hole Pulse EM survey and modeling of the work done to date have
been compiled. In the meantime, drilling is continuing 4 km northeast of the Bob
Lake deposit on the Jungle Lake copper-zinc deposit.
HIGHLIGHTS
o Halo extends strike length of the Bob Lake deposit by 200%
o Bob Lake copper-zinc mineralization near-surface and suitable for open pit
mining
o Drilling continues at Jungle Lake deposit, 3 km northwest of Bob Lake and
one of 4 other known deposits on the property
TECHNICAL HIGHLIGHTS
A total of 14 diamond drill holes have been completed at Bob Lake for a total of
3189m. Results from the last four holes, a total of 585 m of drilling, are
reported in the assay table. Most intersections are expected to be near true
widths.
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HOLE DIP/AZIMUTH FROM TO INTERVAL CU ZN AG AU
(M) (M) (M) (%) (%) (G/T) (G/T)
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DH16 -45(0)/222(0) 65.5 71.3 5.8 0.71 0.21 4.2 -
102.7 107.3 4.6 0.72 0.37 4.0 -
117.4 119.8 2.4 1.87 0.05 8.0 0.06
124.2 125.5 1.3 0.78 - 4.4 -
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DH17 -45(0)/225(0) 85.5 87.2 1.7 0.64 0.33 4.2 -
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DH18 -45(0)/225(0) 99.8 113.3 13.5 1.01 0.97 6.2 -
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DH19 -45(0)/225(0) 27.3 28.8 1.5 0.61 - 4.8 -
31.4 33.0 1.6 0.94 - 5.4 -
46.2 48.9 2.7 - - 1.0 2.52
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All four holes intersected mineralization near surface and highlight the
potential for open pit mining of the Bob Lake deposit. Drill holes 17,18 and 19
show good down dip continuity of the mineralized horizon. Drill hole 16
confirmed the presence of the mineralized horizon between DH07-07and DH 07-19, a
distance of approximately 600 metres and enabled the strike length of the
deposit to be extended to over 1400 metres.
The lower mineralized horizon intersected in DH07-19 and DH07-10 drilled in the
same area is gold-rich over a projected down dip length of 160 m and within 100
m of surface. This gold-rich zone is open at depth in DH07-19.
Locations of the 14 drill holes are shown on the accompanying map.
[GRAPHIC OMITTED][GRAPHIC OMITTED]
Ommitted graphic is a map entitled:
Halo-sheridon, Bob Lake drill hole location, April 19, 2007
Please view at the Company's website www.halores.com
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.
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ABOUT THE BOB LAKE DEPOSIT
Halo has an option to earn a 100 percent interest in the Bob Lake deposit from
W. Bruce Dunlop (NPL) Ltd. The deposit, discovered by Sherritt Gordon Mines Ltd.
in 1941 has a non-compliant NI 43-101 historic resource estimate of 2.2 million
tonnes grading 1.33% copper, 1.18% zinc, 0.31g/tonne gold and 8.45g/tonne
silver. 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. Work by
Sherritt identified that mineralization occurs as lenses of pyrrhotite, pyrite,
chalcopyrite and sphalerite in multiple sulphide horizons that trend in a
northwest direction over a strike length of 780 metres. The lenses were
described as having an average width of 4 metres, a southwesterly plunge and a
vertical extension to 180 metres.
ABOUT SHERRIDON VMS PROPERTY
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. Results from an airborne geophysical survey completed in the summer of
2006 identified 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.
ABOUT 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
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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 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 laws that
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.