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 29, 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 REPORTS 12 M THICK MINERALIZED ZONE GRADING 3.66% ZINC
AT PARK LAKE COPPER-ZINC DEPOSIT
TORONTO, ONTARIO, AUGUST 29, 2007 -- LYNDA BLOOM, PRESIDENT AND CEO OF HALO
RESOURCES LTD. (TSX:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to announce
completion of 1,950 m of drilling in the first of four drill holes completed at
the Park Lake copper-zinc deposit.
HIGHLIGHTS
* DRILLING AT PARK LAKE INTERSECTS UP TO 17.9 M GRADING 2.5%ZN AND 12M
GRADING 3.7% ZINC
* ZINC-RICH LENS 12 TO 28 M THICK CONFIRMED OVER 250 M DOWNDIP BY FOUR HALO
AND HBED HOLES
"The impressive widths of the Park Lake mineralization have been confirmed by
three holes that targeted a mineralized zone identified by HBED in the 1980s",
says Lynda Bloom, President & CEO. "We plan additional drilling at Park Lake
during the winter to further delineate the ore zones and advance this project to
a 43-101 compliant resource calculation as soon as possible"
Halo's recent drilling at Park Lake demonstrates the continuity of the thicker
zinc-rich ore below approximately 300 m from surface. The majority of the
intersections reported by HBED above 300 m average 10 m in thickness whereas
deeper intersections have proven to be considerably thicker, such as 17.9 m in
Halo drill hole DH38 and 28 m in HBED hole PAR65 with an average grade of 1.9%
zinc and 0.75% copper.
Park Lake is the third of six known deposits on the Sherridon VMS property to be
drilled by Halo in 2007 and massive sulphide mineralization has been confirmed
at all of Park Lake, Jungle Lake and Bob Lake deposits. Drilling continues at
the Cold Lake deposit.
TECHNICAL HIGHLIGHTS
Results from drill holes completed at the Park Lake deposit are reported in the
assay table.
Holes DH36, 37 and 38 were drilled on section 5000E to intersect the Park Lake
sulphide lens over a downdip distance of 180 m to test continuity of the
mineralization in the vicinity of Hudson Bay Exploration and Development Company
Limited (HBED) drill holes. Grades and thicknesses intersected by Halo are
comparable or better than historical drill results.
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HOLE DIP/AZIMUTH FROM TO INTERVAL CU ZN
(m) (m) (m) (%) (%)
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DH36 80(0)/200(0) 413.3 425.5 12.2 0.29 3.66
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DH37 62(0)/200(0) 360.5 367.5 7.1 0.13 2.85
and 372.8 377.0 4.3 0.33 4.32
and 389.8 392.9 3.0 1.83 1.67
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DH38 90(0) 531 548.9 17.9 0.48 2.48
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* Widths may be overstated by up to 10% in vertical holes due to orientation
of the sulphide lenses.
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DH35 was drilled approximately 75 m outside the HBED resource envelope and did
not intersect mineralization. Sample results for DH37 between 392.9 m and the
end of the hole at 425 m have not been received and the full extent of the
copper mineralization (1.83% copper over 3.0 m) is not known at this time.
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 Eckart
Buhlman, who is designated as a "Qualified Person" with the ability and
authority to verify the authenticity and validity of the data.
ABOUT THE PARK LAKE DEPOSIT
The Park Lake deposit was discovered in 1959 by Hudson Bay Exploration &
Development Co. Ltd. (HBED). Historical resource estimates calculated by HBED on
the Park Lake deposit are 6.14 million tonnes grading 0.42% copper and 2.16%
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 lenses and is composed of both solid and
disseminated sulphide zones with medium- to coarse-grained crystalline pyrite
and interstitial blebs of pyrrhotite, sphalerite, and chalcopyrite. It has a
known west-northwest strike length of 365m and an average thickness of 6m. It
dips to the north at 45 degrees and is open at depth. It has been drilled to a
maximum vertical depth of 670m.
Halo has the option to earn 100 percent interest in the Park 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.
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
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.
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________________________________________________________________________________
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.
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