Hellix Ventures Inc.

Description

Hellix Ventures was formed in 1993 as an oil and gas exploration and development company. The properties originally acquired are producing today with a positive cash flow to the corporate treasury. In the latter part of the 1990's, management looked toward diversification after observing an abundance of attractive mineral properties for sale. Precious metal prices were in a slump, and it was a buyer's market for gold property acquisitions. During several forays into overseas countries, Hellix found less than stable political climates and attitudes toward foreign entity mineral exploration. The Company made a conscious decision to base the quality of project, first and foremost on the country of origin, no matter how good it looked on paper. Management researched countries favoring foreign investment and promoting mineral exploration and development. It had to have an extensive history of mining (particularly gold and silver), and preferably a low cost of production. Mexico covered all the bases (see Mexico and Mining). After careful consideration and legal due diligence, the Company recently optioned the Minitas/La Cobriza Mine in San Dimas District, Durango State. Goldcorp's massive Luismin project is our neighbor - one of the largest and lowest cost per ounce gold/silver mining operations in Mexico. In late 2005, Hellix was successful with its participating interest in the horizontal drilling of the Star Valley property in Saskatchewan, Canada. This has increased our...

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