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 JANUARY, 2008.
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: January 30, 2008 /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 SAMPLES UP TO 60 G/T GOLD, 6% NICKEL AND 2% COBALT
AT BRIDGET LAKE AREA, WEST RED LAKE PROJECT
TORONTO, ONTARIO, JANUARY 30, 2008 - LYNDA BLOOM, PRESIDENT AND CEO OF HALO
RESOURCES LTD. (THE "COMPANY") (TSXV:HLO; OTC.BB:HLOSF; FSE:HRL) is pleased to
announce that its recent sampling program at West Red Lake returned high grade
gold and base metal results.
A total of 554 samples were collected of which almost half returned anomalous
gold values greater than 200 ppb. The principal zones of interest fall within a
3 km east-west trending deformation zone primarily hosted in felsic volcanics
including target areas in the vicinity of Bridget Lake. Trenches and outcrops
were sampled with the higher grade samples reported in the table below. There is
evidence of both high grade gold (>5 g/t gold) in narrow veins as well as lower
grade material (1 to 5 g/t gold) that defines broader zones.
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SAMPLE NUMBER GOLD SILVER COPPER NICKEL COBALT
(g/t) (g/t) (ppm) (ppm) (ppm)
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Bridget Lake
North Shore
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9396 59.8 57.5 2,990 281 35
9397 6.7 33.1 5,020 219 62
56219 58.1 8.0 1,620 33 4
56222 20.4 8.0 972 214 19
56434 36.0 137.0 11,000 99 47
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Bridget
North Zone
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9388 4.4 43.3 6,450 1,590 426
9389 2.1 41.7 8,110 1,600 332
9391 3.6 48.0 1,070 62,300 23,400
9392 18.3 32.6 3,880 8,030 1,530
9395 2.8 61.2 12,400 861 449
9421 1.8 0.8 54 175 18
56276 <0.005 21.8 3,760 749 105
56283 <0.005 19.4 358 1,950 529
56400 <0.005 1.0 8 1,660 110
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"The association of high nickel and cobalt assays at the Bridget North Zone is
highly intriguing given the association with sulphide-bearing strongly magnetic
mafic rocks. The Pipestone Bay ultramafic complex outcrops just 500 m to the
north and we will be investigating the relationship of the recent results to the
regional geology. The gold and copper association at the north shore of Bridget
Lake is also significant and both areas with be included in a follow up drill
program in the coming months" says Lynda Bloom, President & CEO.
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TECHNICAL BACKGROUND
BRIDGET LAKE NORTH SHORE
Trenches and outcrop in an area of 100m by 200m at the northeast shore of
Bridget Lake returned high grade gold and copper grades. Samples were collected
of stacked quartz-chalcopyrite-pyrite veins cross-cutting mafic volcanics and
quartz porphyry dike. Veins occupy many orientations but the most common is
N220(0) and dipping 60-70(0).
BRIDGET NORTH ZONE
Samples were collected from a series of trenches and outcrop over an area of
300m by 100m. The area falls within a strong deformation zone that is anomalous
in gold (greater than 200 ppb) over an area of 700m by 300m. Samples are either
high in gold, silver and copper or nickel, cobalt and copper. The exceptionally
high nickel grade (6.2% nickel) and cobalt (2.3% cobalt) is from a narrow vein
comprised of chlorite, quartz, sericite and mineralized with 30% fine-grained
sulphides.
Mostly mafic volcanics, in contact with magnetite-bearing banded iron formation,
are exposed in trenches to the west with minor quartz-carbonate veining and
disseminated chalcopyrite-pyrrhotite-pyrite. Other rock types mapped include an
aphanitic strongly magnetic rock, siliceous coarse grained rock and mafic
magnetic rocks with pyrite and pyrrhotite disseminated in all rock types.
Rock samples were collected as grab samples or composite chips primarily from
trenches that had likely not been sampled since the 1970s. Samples weighing 3 to
5 kg were submitted to the ALS-Chemex, Thunder Bay or SGS, Red Lake sample
preparation facilities and analyses were performed as ALS-Chemex Vancouver or
SGS Don Mills respectively. Both laboratories are international, accredited
facilities. The entire sample was crushed and a 300 g split was pulverized. Base
metals and a suite of up to 30 trace elements were determined by inductively
coupled plasma spectrometry (ICP) after an aqua regia digestion and gold by
standard fire assay with an ICP instrumental finish on a 30 g charge. Analysis
for samples that reported outside the limits of the geochemical methods (i.e. 1%
copper and zinc, 10 g/t silver, 1 g/t gold) were re-analyzed using assay
methods. A quality control program consisting of blanks and analytical control
standards has been implemented to monitor laboratory performance and no
significant discrepancies are reported.
The above information has been prepared under the supervision of Lynda Bloom,
President & CEO, P.Geo.who is designated as a "Qualified Person" with the
ability and authority to verify the authenticity and validity of the data.
ON BEHALF OF THE BOARD
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 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.
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