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 AUGUST, 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: August 15, 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 IDENTIFIES GEOPHYSICAL TARGETS AT WEST RED LAKE PROPERTY
TORONTO, ONTARIO, AUGUST 15, 2007 - LYNDA BLOOM, PRESIDENT AND CEO OF HALO
RESOURCES LTD. (TSX.V:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to announce that
geophysical surveys at the West Red Lake property, Ontario, have identified
numerous exploration drilling targets. Some 40 km of induced polarization (IP)
and magnetometer surveys were completed primarily over the southeastern section
of the 2,870 hectare property located 30 km west of the town of Red Lake.
One of the high priority geophysical anomalies identified is associated with the
May-Spiers gold deposit located in Middle Bay of Red Lake in Ball Township. The
May-Spiers shaft and surface exposure are on May-Spiers Island where the
May-Spiers Gold Mines Ltd. sank a three compartment shaft to 375 feet in 1936
and developed mine workings at the lowest level over 150 feet. Intervals of 0.5
oz per ton gold over widths less than 5 feet were reported in the 1930s from
surface drilling and underground mine grades were in the order of 0.1 oz per
ton. The mine workings were destroyed by fire in 1937 and no mining or
exploration has taken place in 70 years.
The geophysical anomaly associated with the May-Spiers mine workings includes a
1.3 km long east-west trending magnetic low feature and a 600 m long
weak-to-moderate IP chargeability anomaly with a width up to 100 m. Almost half
of the survey area is covered by water which is generally less than 3.5 m deep
and has had limited previous exploration.
Mapping and prospecting is underway to investigate other high priority
geophysical targets which are associated with areas of known gold
mineralization. In addition, a 40 km geophysical survey is planned for Q3 2007
to cover 2 kilometers of strike to the west of the most recent survey. It is
anticipated that drilling of the first targets will commence late in 2007.
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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ABOUT THE WEST RED LAKE GOLD PROPERTY
Halo's West Red Lake Property is located approximately 30 km west of the
prolific Campbell and Red Lake Mines in the Red Lake Camp. The property covers
widespread gold mineralization from surface showings and small gold deposits.
Previous exploration by a number of companies, including Hemlo Gold Mines Ltd.,
Goldcorp, Cochenour-Willans Gold Mines Ltd, Dumont Nickel and May-Spiers Gold
Mines Ltd., have carried out intermittent exploration in this area since 1935
and surface trenching has returned significant surface gold values including up
to1.87 opt over 1.8 metres and 0.38 opt over 7.3 metres respectively. The
property has now been consolidated into a larger package of contiguous claims.
During October 2006, Halo commenced a mapping, sampling and prospecting program
focused on the Middle Bay-May Spiers area with the objective of developing an
understanding of the geological setting and to confirm the presence of gold
mineralization west of Middle Bay. Sampling of old trenches located between the
historic Miles Red Lake showing and the May-Spiers deposit successfully
confirmed the presence of significant gold, silver and copper mineralization and
the results of a whole rock geochemistry program confirms the favorability of
the underlying geology for the discovery of these metals. For example, a sample
collected near the 9-44 "shaft" located in the center of the Halo property
returned 81 g/t Au, 100 g/t Ag and 4.61% Cu over a width of 0.70m.
Under the terms of an option agreement with Goldcorp, Halo can earn a 60%
interest in 67 mining claims, a 45% interest in two mining claims, and a 30%
interest in ten mining claims by December 31, 2008.
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.
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. This news release presents "forward looking
information" within the meaning of the applicable Canadian securities laws that
involve inherent risks and uncertainties. Forward-looking information includes,
but is not limited to, information with respect to the proposed private
placement. 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 financings; 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 information, 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 referenced herein,
except in accordance with applicable securities laws. Trading in the securities
of Halo Resources Ltd. should be considered highly speculative.