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 NOVEMBER, 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: November 7, 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 ON ITS SUCCESSFUL EXPLORATION PROGRAM FOR 2007 AT
SHERRIDON, MANITOBA AND LOOKS FORWARD TO 2008
TORONTO, ONTARIO, NOVEMBER 7, 2007 -- LYNDA BLOOM, PRESIDENT AND CEO OF HALO
RESOURCES LTD. (TSX:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to provide a summary
and interpretation of all results to date from its Sherridon Project exploration
program. Previously released data is available on the company's website. Since
November 2006, 12,898 metres of diamond drilling in 58 diamond drill holes has
been completed. Drilling continues at the project with exploration expenditures
totaling over $4 million CDN to date.
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.
2007 EXPLORATION HIGHLIGHTS:
o 57 OF 58 HOLES INTERSECTED THE MINERALIZED HORIZON OR MASSIVE
SULPHIDES;
o DEVELOPMENT OF A NEW GEOLOGICAL MODEL THIS PAST SUMMER THAT HAS LED TO
TWO RECENT NEW DISCOVERIES
o RECENT DISCOVERY OF THE NEW LOST LAKE ZONE SOUTH OF THE COLD LAKE
DEPOSIT. THE KNOWN STRIKE LENGTH IS 500 METRES AND ALL MINERALIZED
INTERSECTIONS ARE WITHIN 100 METRES OF SURFACE WHILE MINERALIZATION
REMAINS OPEN AT DEPTH AND ALONG STRIKE;
o STRIKE LENGTH DOUBLED AT THE BOB LAKE DEPOSIT IN 2007;
o DISCOVERY OF THE NEW BOB LAKE NORTH MINERALIZED ZONE WITH A STRIKE
LENGTH GREATER THAN 500 METRES AND OPEN IN ALL DIRECTIONS;
o REINFORCED THE POTENTIAL FOR LOW COST OPEN PIT MINING BY ENCOUNTERING
SHALLOW MINERALIZATION AT THE BOB, PARK, JUNGLE, COLD AND LOST LAKE
DEPOSITS/ZONES;;
o ALL OF THE TESTED DEPOSITS ARE WITHIN AN AREA OF 5 KM BY 5 KM AND
MINING COULD BE SUPPORTED BY A CENTRAL MILLING FACILITY;
o THE MASSIVE SULPHIDES INTERSECTED AT COLD LAKE HAVE THE HIGHEST
AVERAGE GRADES AND BEST WIDTHS REPORTED TO DATE FOR THE 12,000 METRE
DIAMOND DRILL PROGRAM, ALL WITHIN 125 METRES OF SURFACE.
"Exploration and definition drilling are proceeding extremely well with
encouraging results to date. A second drill rig will be added shortly to drill
exploration targets identified through a combination of geophysical and
geological methods. Over the past year we focused on understanding four of our
six known deposits and most recently we have been concentrating on new areas of
exploration drilling targeting some of our 122 geophysical anomalies" said Lynda
Bloom, President and CEO.
"Our recently integrated geological model has focused on a structural
reinterpretation which improves our understanding of the controls on
mineralization. This new model has proved successful with the new Bob North and
Lost Lake discoveries and has encouraged us to move aggressively forward into
2008."
-2-
The following is a summary of the deposits and target areas and work completed
to date. 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.
BOB LAKE DEPOSIT
Objectives:
a. To confirm historical mineralized intervals reported by Sherritt Gordon
in the 1940s, to test the mineralized horizon along strike to the
southeast and known limits of the historical resource envelope;
b. Improve the Bob Lake drill hole database, reinterpret the structural
geology, and define targets for a second phase of drilling;
Halo has an option to earn a 100 percent interest in the Bob Lake deposit from
W. Bruce Dunlop (NPL) Ltd. The deposit, discovered by Sherritt Gordon Mines Ltd.
in 1941 has a non-compliant NI 43-101 historic resource estimate of 2.2 million
tonnes grading 1.33% copper, 1.18% zinc, 0.31 g/tonne gold and 8.45 g/tonne
silver.
Fifteen holes were drilled (Figure 1) and significant assay results are provided
in Table 1.
FIGURE 1: BOB LAKE - DRILL HOLE LOCATIONS
[GRAPHIC OMITTED][GRAPHIC OMITTED]
Figure shows drill hole locations and Bob Lake and Scotty Lake
Please visit the Company website to view: www.halores.com
-3-
TABLE 1: BOB LAKE - SIGNIFICANT ASSAYS
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DIP/
HOLE AZIMUTH FROM TO INTERVAL CU ZN AG AU
(degrees) (m) (m) (m) (%) (%) (g/t) (g/t)
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DH04 54/226 174.7 182 7.3 0.94 0.9 8 0.26
206.8 218.4 11.6 0.33 0.32 5.9 0.15
224.4 229 4.6 0.01 0.5 3.6 0.11
234.7 244.4 9.7 0.56 0.82 17.8 1.37
250.4 257.9 7.5 0.16 0.98 9 1.87
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DH05 54/222 181.6 206.6 24.9 0.76 0.49 7.2 0.19
including 181.6 185.6 4 1.26 1.47 10.1 0.53
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DH06 72/222 151.9 156.7 4.8 0.64 0.85 5.8 0.2
300.7 303.1 2.4 0.04 2.13 16.3 0.73
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DH07 45/221 160.6 177.1 16.5 0.26 0.73 9 0.57
including 160.5 163.2 2.6 0.11 2.79 9.5 0.22
165.3 168.2 2.9 0.06 0.55 19.1 0.94
169.6 171 1.4 1.06 0.61 12 0.26
173.2 176.4 3.2 0.53 0.35 7.8 1.38
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DH08 45/152 268.8 273.1 4.3 0.08 1.12 13 0.36
277.6 278.8 1.2 0.21 1.48 4.8 -
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DH09 71/225 161 167.4 6.4 0.78 1.81 6 0.99
180.6 183 2.4 0.63 0.85 6.6 0.16
188 190.4 2.4 0.56 0.63 5.2 0.36
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DH10 45/225 136.1 137.7 1.6 >0.5* - 9.2 0.2
150.2 153.9 3.7 0.26 - 3.6 3.82
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DH11 45/225 134.4 145.1 10.7 0.92 1.51 7.8 0.18
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DH16 -45/222 65.5 71.3 5.8 0.71 0.21 4.2 -
102.7 107.3 4.6 0.72 0.37 4 -
117.4 119.8 2.4 1.87 0.05 8 0.06
124.2 125.5 1.3 0.78 - 4.4 -
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DH17 -45/225 85.5 87.2 1.7 0.64 0.33 4.2 -
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DH18 -45/225 99.8 113.3 13.5 1.01 0.97 6.2 -
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DH19 -45/225 27.3 28.8 1.5 0.61 - 4.8 -
31.4 33 1.6 0.94 - 5.4 -
46.2 48.9 2.7 - - 1 2.52
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DH58 -56/240 210.7 222.3 11.6 0.8 1.8 6 0.3
including 210.7 217.2 6.5 0.8 3 5.9 0.3
including 210.7 211.5 0.8 2.3 1.3 11 1
including 212.1 212.5 0.4 0.9 6.2 6 0.1
including 219.9 220.8 0.9 1.1 0.3 7.4 0.6
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JUNGLE LAKE
Objectives:
a. To confirm historical mineralized intervals reported by Hudson Bay in the
1950s,
b. To test the mineralized horizon down dip and test the limits of the
historical resource envelope.
-4-
The Jungle Lake deposit was discovered and drilled by Hudson Bay from 1958 to
1967. Historical resource estimates calculated by Hudson Bay on the Jungle Lake
deposit are 3.4 million tonnes grading 1.42% copper and 1.1% zinc.
Halo has the option to earn 100 percent interest in the Jungle Lake deposit from
Hudson Bay through a series of cash and share payments and escalating work
commitments as detailed in the option agreement.
This year, 3,242 metres of drilling in 15 diamond drill holes were completed at
the Jungle Lake copper-zinc deposit. They confirm the near surface presence of
massive sulphides and the drill program improved the opportunity for open-pit
mining of the deposit. These results formed the basis of the NI43-101 resource
estimate that is in preparation by Scott Wilson and expected by year end.
Drill hole locations (Figure 2) and significant assay results are provided in
Table 2.
TABLE 2: JUNGLE LAKE - SIGNIFICANT ASSAYS
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DIP/
HOLE AZIMUTH FROM TO INTERVAL CU ZN AG AU
(degrees) (m) (m) (m) (%) (%) (g/t) (g/t)
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DH20 90/0 116.9 129.2 12.3 1.40 0.81 7.6 0.250
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DH21 90/0 69.0 84.5 15.5 1.54 0.75 8.8 0.450
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DH22 90/0 124.1 127.0 2.9 1.27 1.68 8.3 0.710
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DH23 90/0 157.7 164.7 7.0 0.49 1.59 5.7 0.070
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DH24 90/0 307.5 310.2 2.7 0.21 0.45 3.3 0.080
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DH25 90/0 413.6 415.1 1.5 0.07 0.01 17.0 1.100
419.8 422.8 3.0 0.21 0.02 13.8 0.470
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DH26 -82/192 299.9 309.2 9.3 0.51 3.95 4.3 0.120
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DH27 -74/192 258.4 261.7 3.3 0.75 0.93 8.0 0.250
266.6 268.2 1.6 1.80 1.49 13.0 0.370
273.4 274.8 1.4 0.66 0.55 5.2 0.140
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DH28 -52/192 234.0 242.1 8.2 2.79 0.43 17.2 0.660
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DH29 -90/0 241.6 250.4 8.8 0.98 0.70 6.6 0.300
including 243.4 250.4 7.0 1.19 0.76 7.9 0.400
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DH30 -90/0 91.2 105.8 14.6 0.83 1.18 6.5 0.140
including 94.2 105.8 11.6 0.94 1.38 6.9 0.170
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DH31 -90/0 58.6 66.3 7.7 2.09 1.20 10.4 0.450
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DH32 -90/0 34.8 42.3 7.5 0.67 0.99 5.4 0.220
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DH33 -90/0 39.5 43.2 3.7 1.38 1.01 7.5 0.530
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DH34 -90/0 39.2 44.7 5.5 1.90 1.00 9.2 0.370
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-5-
FIGURE 2: JUNGLE LAKE - DRILL HOLE LOCATIONS
[GRAPHIC OMITTED][GRAPHIC OMITTED]
Ommitted graphic is Drawing of Jungle Lake showing drill hole loctions
To view please visit the company's website: www.halores.com
PARK LAKE
Objective:
a. To confirm historical mineralized intervals reported by Hudson Bay in the
1950s;
b. To test the mineralized horizon down dip and test the limits of the
historical resource envelope.
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. Although the resource estimations are believed to be reliable, they were
calculated prior to the implementation of National Instrument 43-101.
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.
Four diamond drill holes of a planned 10 hole program were completed in 2007
with the remaining holes to be completed after freeze-up. Significant assays are
provided in Table 3.
TABLE 3: PARK LAKE - SIGNIFICANT ASSAYS
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DIP/
HOLE AZIMUTH FROM TO INTERVAL CU ZN
(degrees) (m) (m) (m) (%) (%)
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DH20 90/0 116.9 129.2 12.3 1.40 0.81
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DH36 80/200 413.3 425.5 12.2 0.29 3.66
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DH37 62/200 360.5 367.5 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 90 531.0 548.9 17.9 0.48 2.48
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-6-
COLD LAKE
Objective:
a. To confirm historical mineralized intervals reported by Cold Lake Mines and
Sherritt Gordon Mines from the 1950s;
b. To test the mineralized horizon down dip and along strike and test the
limits of the historical resource envelope.
The Cold Lake deposit is 100%-owned by Halo Resources and is located 4
kilometres southwest from the Bob Lake deposit and 6 kilometres south from the
Park Lake deposit. It is located 400 metres north of the Manitoba Hydro corridor
and 400 metres south of the railroad.
Additional drilling at the Cold Lake deposit has demonstrated continuity of
copper-zinc mineralization over a strike length of approximately 400 metres. The
high-grade copper-zinc zone has reflected consistent high grades and was tested
by 15 diamond drill holes spaced at 30-metre intervals over a 510 metre strike
length. Mineralization remains open along strike and also at depth.
Sixteen diamond drill holes were completed in 2007 (Figure 3) and significant
assays are provided in Table 4.
A program of down hole geophysics and geological reinterpretation is planned
prior to the Phase 2 drilling program. The drill program will take place in
2008. Mineralization remains open along strike and also at depth.
TABLE 4: COLD LAKE - SIGNIFICANT ASSAYS
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DIP/
HOLE AZIMUTH FROM TO INTERVAL CU ZN
(degrees) (m) (m) (m) (%) (%)
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DH07-39 222/70 36.1 41.4 5.3 0.7 1.4
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DH07-40 222/45 27.1 32.1 5.0 0.4 0.2
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DH07-41 222/65 67.5 69.5 2.0 0.3 1.0
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DH07-42 222/74 155.2 161.5 6.3 0.7 1.3
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DH07-43 222/80 104.3 120.3 16.0 1.6 3.4
including 112.2 116.7 4.5 2.1 7.1
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DH07-44 222/65 44.6 65.6 21.0 1.3 1.7
including 59.6 65.6 5.0 1.7 3.8
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DH07-45 222/60 39.8 43.8 4.0 0.9 0.6
222/60 57.0 63.0 6.0 0.6 0.6
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DH07-46 222/60 27.7 31.7 4.0 0.6 1.1
222/60 44.8 51.6 6.8 0.6 1.7
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DH07-47 222/74 122.9 130.7 7.8 2.1 6.2
including 123.4 125.8 2.4 2.3 10.1
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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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FIGURE 3: COLD AND LOST LAKE - DRILL HOLE LOCATIONS
[GRAPHIC OMITTED][GRAPHIC OMITTED]
Omitted graphic shows Cold Lake Deposit and Lost Lake Zone
showing drill hole locations
Please visit the Company's website to view: www.halores.com
LOST LAKE
Objectives:
a. To test a new geophysical anomaly in a geologically favourable environment
southeast of Cold Lake.
Three drill holes intersected a strong copper-zinc zone over a strike length of
500 metres. All intersections are within 100 metres of surface and
mineralization remains open at depth and along strike.
The discovery of the new Lost Lake zone demonstrates the exploration potential
of the Sherridon VMS property. The 500-metre strike length between holes DH07-56
and DH07-57 falls along an EM conductor that can be traced over 800 metres from
south of the railroad to the shore of Sherlett Lake. This conductor, identified
during Halo's 2006 airborne geophysical survey, is a prime target for additional
VMS mineralization and is one of the first of 122 targets identified, many of
which are also in areas where there has been no historical geophysics or
drilling completed to date.
A program of down hole geophysics has commenced to follow-up on the positive
drill results and define a second phase of drilling. The mobilization of a
second drill rig to allow additional drilling at Lost Lake and other new
exploration targets is scheduled for the middle of November.
Three diamond drill holes were completed and locations (Figure 3) and
significant assays are provided in Table 5.
-8-
TABLE 5: LOST LAKE - SIGNIFICANT ASSAYS
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DIP/
HOLE AZIMUTH FROM TO INTERVAL CU ZN
(degrees) (m) (m) (m) (%) (%)
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DH07-55 222/45 87.0 92.1 5.1 1.6 4.9
including 87.9 89.9 2.0 3.7 11.7
and 99.8 102.1 2.3 0.7 2.8
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DH07-56 215/45 66.0 70.0 4.0 0.5 0.1
and 75.0 77.0 2.0 1.4 0.8
and 106.0 108.0 2.0 0.9 0.6
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DH07-57 222/45 76.3 82.8 6.5 1.2 6.3
including 77.3 80.8 3.5 2.0 11.6
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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.
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.