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 OCTOBER, 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: October 11, 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 EXPANDS COLD LAKE DEPOSIT WITH 1.4% COPPER AND 8.2% ZINC GRADES
TORONTO, ONTARIO, OCTOBER 11, 2007 -- LYNDA BLOOM, PRESIDENT AND CEO OF HALO
RESOURCES LTD. (TSX:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to announce that
additional drilling at the Cold Lake deposit, northern Manitoba has demonstrated
continuity of the copper-zinc mineralization over a strike length of
approximately 400 m with persistent high grades. The high grade copper-zinc zone
lies within a massive sulphide horizon that was tested by 15 drill holes
generally at 30 m intervals over 510 m.
HIGHLIGHTS
o Halo intersects 2.6 m of 1.4% copper and 8.2% zinc at 56.4 m in DH07-49
o Assays up to 27% zinc over 0.65 m
o Mineralized zone continuous over 400 m
"The results from the current drill holes expand the deposit to the south and
down dip", says Lynda Bloom, President & CEO. "The zinc grades in particular are
better than those from the past-producing Sherridon Mine which is just 0.8 km to
the west. We have also observed gold and silver enrichment in the higher grade
sections of the massive sulphides which improves the economics for future mine
development."
The Cold Lake deposit is 100%-owned by Halo Resources and is located 4 km from
the Bob Lake deposit and 6 km from the Park Lake deposit. It is sandwiched
between the Manitoba Hydro corridor that crosses the property and the railroad,
situated approximately 400 m to the north and south. A program of downhole
geophysics and geological interpretation are planned prior to a second phase of
drilling.
Mineralization remains open along strike and also at depth and assay results are
pending for three holes drilled to test new geophysical anomalies approximately
500 meters along strike to the south east. Drilling continues at Bob Lake and
assays are pending.
TECHNICAL HIGHLIGHTS
A summary of the significant results from seven additional drill holes at the
Cold Lake deposit is reported in the table below for a total of 2,734 m drilled
(see accompanying figure for locations). The Cold Lake deposit dips to the
northeast and DH07-48 confirmed the downdip continuity of the massive sulphides
on the same section as DH07-43, reported previously. Hole DH07-49, which
included an intersection of 27% zinc over 0.65 m, extends the high grade zone
southeast from the previously reported DH07-48. DH07-49 lies on a section that
includes three historical drill holes and the massive sulphides were intersected
over a downdip extent of more than 150 m.
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HOLE DIP/ FROM TO INTERVAL COPPER ZINC
AZIMUTH (m) (m) (m) (%) (%)
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DH07-48 222/74 132.9 141.9 9.0 1.0 2.6
Including 137.5 139.1 1.6 2.0 7.9
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DH07-49 222/65 46.4 59.0 12.6 0.8 2.3
Including 56.4 59.0 2.6 1.4 8.2
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DH07-50 222/60 107.3 111.1 3.7 0.4 2.2
Including 107.3 109.2 1.8 0.4 4.1
and 123.5 124.3 0.8 0.6 6.9
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DH07-53 222/55 140.0 144.0 4.0 0.2 2.5
Including 141.8 144.0 2.2 0.5 3.9
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* Widths may be overstated by up to 30% in steeply dipping holes. Geometry of
the orebody has not been determined so that true widths cannot be determined
at this time.
-2-
The massive sulphide zones are enriched in both gold and silver. Silver and gold
enrichment are generally associated with elevated copper and zinc; for example
in DH07-48 a 2 m interval at 137 m grades 22 g/t silver and 0.9 g/t gold or in
DH07-49 19 g/t silver and 0.6 g/t gold over 2.6 m at 56.4 m.
Drill holes DH07-51 tested the mineralized horizon up dip from the DH07-53
intersection while DH07-52 and DH07-54 tested it to the north and south
respectively. These holes intersected massive sulphides between 7 to 12 m in
thickness but copper and zinc values were sub-economic. The mineralized horizon
is an important target at the Sherridon property and can be traced tens of
kilometers on the 200 square kilometer property controlled by Halo.
[GRAPHIC OMITTED][GRAPHIC OMITTED]
Omitted Graphic is a drawing showing the Drill Hole locations on the Felsic
Gneiss Scale is 1.5 inches equals 200 meteres
GRAPHIC MAY BE VIEWED AT COMPANY 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 Eckart
Buhlman, who is designated as a "Qualified Person" with the ability and
authority to verify the authenticity and validity of the data.
-3-
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.
________________________________________________________________________________
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.