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 28, 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 INTERSECTS MASSIVE SULPHIDE AT JUNGLE LAKE COPPER-ZINC DEPOSIT
HIGHLIGHTS
HALO INTERSECTS 15. 5 M OF 1.54% COPPER AND
0.8% ZINC NEAR SURFACE AT JUNGLE LAKE
DRILLING CONTINUES AT JUNGLE LAKE TO CONFIRM AND
EXPAND MINERALIZED ZONES
SIX DEPOSITS WITHIN 5 KM OF SHERRIDON
TARGETED FOR DRILLING
TORONTO, ONTARIO, JUNE 28, 2007 - LYNDA BLOOM, PRESIDENT AND CEO OF HALO
RESOURCES LTD. (TSX:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to announce that the
first drill holes completed in 25 years at the Jungle Lake copper-zinc deposit
have confirmed the presence of thick intersections of massive sulphide near
surface.
Vertical hole DH21 intersected 15.5 m with an average grade of 1.54% copper and
0.8% zinc, including 0.45 g/t gold, at a downhole depth of 69 m. Similar
mineralization was reported for holes DH20 and DH22 drilled within 200 m of DH21
which confirms the location of the mineralized horizon that HBED included in its
resource calculation (see press release March 27, 2007).
"The assay results for the first holes at Jungle Lake confirm the grades and
thickness of the massive sulphide lenses as reported by HBED for their internal
resource estimate. The near-surface location of the massive sulphide lenses
means that an option of open pit mining exists at Jungle Lake, and taken in
conjunction with the recent drilling at the Bob Lake deposit only 3 kilometers
southeast, the Company is building a series of near-surface resources that could
be mined concurrently", says Lynda Bloom, President and CEO. "As we move on to
the remaining four deposits of Park, Cold, Fidelity and A.K.E., we will be able
to assess the various mining opportunities while exploring concurrently
elsewhere on the large Sherridon concession."
Drilling continues at Jungle Lake to confirm copper and zinc grades while
testing the outer limits of the resource model generated by HBED.
TECHNICAL HIGHLIGHTS
A total of 1,500 m of drilling was completed in 6 holes out of an expanded
program of approximately 2,500 m for the first phase of testing at the Jungle
Lake deposit. Assays for all mineralized zones in diamond drill holes DH20 to
DH25 are reported in the assay table.
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HOLE DIP/AZIMUTH FROM TO INTERVAL CU ZN AG AU
(Degrees) (m) (m) (m) (%) (%) (g/t) (g/t)
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DH20 90/0 129.2 116.9 12.3 1.40 0.81 7.6 0.25
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DH21 90/0 69.0 84.5 15.5 1.54 0.75 8.8 0.45
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DH22 90/0 124.1 127.0 2.9 1.27 1.68 8.3 0.71
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DH23 90/0 157.7 164.7 7.0 0.49 1.59 5.7 0.07
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DH24 90/0 307.5 310.2 2.7 0.21 0.45 3.3 0.08
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DH25 90/0 413.6 415.1 1.5 0.07 0.01 17.0 1.10
419.8 422.8 3.0 0.21 0.02 13.8 0.47
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* Mineralized lenses are expected to dip approximately 40 degrees northwest
and widths may be overstated by 15%.
The drill holes DH23 and 24 tested areas outside the current resource estimate
envelope to determine if tonnages could be expanded outside the previously
defined boundaries. DH23 intersected 7m of massive sulphides at a higher zinc
grade interval than historical holes and raises the possibility of more
near-surface tonnage. The mineralized horizon was identified in drill holes 24
and 25, suggesting that additional targets exist downdip and downplunge. In this
area the mineralized horizon had elevated gold values of up to 1.1 g/t gold over
1.5 m.
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.
ABOUT THE JUNGLE LAKE DEPOSIT
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.
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.
ABOUT THE 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.
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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 three 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 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.