hottest sth aust. uran prospect, page-4

aussiejoe,

HLX

Confirmed 25 km long paleochannel
proximal to Olympic Dam with 5 uranium targets.

Drilling to commence very soon.

Market Cap only $ 21.6 mio

Operating in the Gawler Craton of SA

JV Partner: Toro Energy (TOE)

Last year Toro identified a 25 kilometre long portion of a palaeochannel (within HLX tenements EL3335 and EL3403). Furthermore, Toro identified five priority uranium drill targets.

Each uranium target area will have approximately
200 holes drilled in fence lines to transect the palaleochannels to fresh basement.

This extensive drill program (conducted by TOE)
to test the uranium targets should be under way
this week / next week.

Also exposure to Iron Ore, Gold and base metals
Blue sky: Gawler IOCGU target (next Olympic Dam?)

Last Boardroom Radio update by HLX: April 17, 2007

www.helix.net.au

Cheers!

DYOR - NL!