November 9, 2007
HELLIX TO START WORK PROGRAM – MINITAS PROJECT, DURANGO, MEXICO
HELLIX VENTURES INC. (HEL-TSX.V) ) As previously announced November 7th, 2007, the TSX Venture Exchange has reviewed and accepted the Minitas (Cobriza) Concession Group Option filing. The Company is now in a position to begin the highly anticipated work program on its silver/gold property in San Dimas District, Durango State, Mexico.
The program will be initiated to verify structures and grades outlined in the research of three recent professional technical reports commissioned prior to HELLIX acquiring the Minitas option. The company also looks to extend the two sub-parallel veins which have so far been traced for 700 meters and 400 meters respectively, and to test a third structure recently located.
This project will involve sampling, mapping, road building and rehabilitation, widening of adits (to facilitate the entry of drill equipment), and large core drilling. The property has never had extensive structural mapping utilized, nor has it ever been drilled.
The program will be overseen by Qualified Person John Jenks, P. Geo. Dr. Ricardo Montano, the vendor of the property, is heading up the Durango office. He will be assisting Mr. Jenks in an administrative position. Dr. Montano has held and exploited the concessions for over 10 years without the benefit of modern mining methods and equipment. Professional Geologist Joaquin Guerrero Hernandez will be acting as support for sampling, mapping and other property related duties.
A local division of an international mining service company is to be retained to drill the property.
It is anticipated that the initial stages of the program will commence within the next three weeks. Due to the lengthy December/January holiday season in Mexico, underground drilling will not be initiated until after this period. Progress reports will be released upon review and verification by HELLIX Management.
HELLIX VENTURES (HEL – TSX.V) is engaged in the identification, acquisition, exploration and development of gold and silver properties in Mexico. Hellix has no debt (other than short-term trade payables), and has positive cash flow from fossil fuel production in Western Canada. All transactions stated or referred to herein are expressly subject to TSX Venture Exchange approval as well as all other applicable regulatory body approvals.
This release has been reviewed by Qualified Person John Jenks, P. Geo.
ON BEHALF OF THE BOARD OF DIRECTORS
HELLIX VENTURES INC.
Frank Underhill
President
HELLIX VENTURES INC.
Email: info@hellixventures.com
Toll Free: 1-877-430-3113 Phone: (604) 683-6657 Fax: (604) 684-4407
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
