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 31, 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 DISCOVERS NEW BOB NORTH ZONE AT SHERRIDON, MANITOBA
TORONTO, ONTARIO, OCTOBER 31, 2007 -- LYNDA BLOOM, PRESIDENT AND CEO OF HALO
RESOURCES LTD. (TSX:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to announce the
discovery of a new massive sulphide zone approximately 100 metres northeast of
the Bob Lake deposit. The new Bob North massive sulphide zone has been
intersected in four drill holes over a 250 metre strike length at a shallow
depth between 172 metres and 221 metres. While final assay results are pending,
three additional holes have intercepted a similar massive sulphide zone with
thicknesses ranging from 5.4 to 14.8 m. The new Bob North Zone currently remains
open in all directions and represents a new exploration target area that once
fully tested could add significantly to the tonnage potential of the Bob Lake
deposit.
Results from DH07-58 are included in the table below. Assays are pending for an
additional three holes.
"The Bob North discovery is a direct result of building on our knowledge base
from our ongoing exploration and interpretation activities at Sherridon", says
Lynda Bloom, President & CEO. "Our recently integrated geological model has
focused on a structural reinterpretation which improves our understanding of the
controls on mineralization. Our new exploration strategy is focused on
discovering new zones and identifying higher grades and thickness. This new
model has proved successful with the new Bob North discovery and will be applied
to all six known Sherridon deposits in addition to new targets including the
recently announced Lost Lake discovery."
Drilling continues at Bob Lake and Bob North with a second drill being mobilized
by mid-November.
TECHNICAL HIGHLIGHTS
Results from the first drill hole completed at the Bob North massive sulphide
zone are reported in the assay table below. Assays are pending for the last 10 m
of hole DH07-58 and the remaining samples from three other holes that
intersected the zone.
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HOLE DIP/ FROM TO INTERVAL COPPER ZINC GOLD SILVER
AZIMUTH (m) (m) (m)* (%) (%) (g/t) (g/t))
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DH07-58 240/56 210.7 222.3 11.6 0.8 1.8 0.3 6.0
Including 210.7 217.2 6.5 0.8 3.0 0.3 5.9
Including 210.7 211.5 0.8 2.3 1.3 1.0 11.0
Including 212.1 212.5 0.4 0.9 6.2 0.1 6.0
Including 219.9 220.8 0.9 1.1 0.3 0.6 7.4
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* Widths may be overstated by up to 10% due to orientation of the sulphide
lenses.
-2-
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 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. (TSX:HBM). 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.