Helix Resources Commences Canbelego Copper Drilling

THE DRILL SERGEANT: Helix Resources (ASX: HLX) has commenced a drill campaign at the company’s Canbelego copper project in the Cobar-Nyngan area of central New South Wales.

Helix Resources is targeting highly prospective IP anomalies within the Canbelego Joint Venture project that is part of its Western Group Tenements.

Helix Resources recently completed an induced polarisation (IP) survey northwest of the Canbelego copper deposit extending the IP coverage north of known mineralised zones.

The PDIP survey defined a prominent NNW-trending Western chargeable anomaly with a strike length of 625m.

Up to 3000m of drilling has been allocated to test this undrilled Induced Polarisation (IP) chargeable anomaly located west of the Canbelego copper resource that the company considers highly prospective for additional Cobar-style parallel copper lodes.

“The new ‘far’ Western Canbelego target is the largest and strongest IP anomaly which we have identified to date,” Helix Resources managing director Dr Kylie Prendergast said in the company’s ASX announcement.

“The commencement of a new drilling campaign is always exciting and I am very interested to see what we unearth by testing this large-scale, chargeable and as-yet undrilled target.

“This program is testing for new Cobar-style deposits which often feature as parallel lodes of copper mineralisation, such as those seen at Metal Acquisition Limited’s large, high-grade CSA copper deposit.

“Helix believes that the Canbelego copper deposit is analogous to the CSA copper deposit, with three separate high-grade copper lodes already identified in drilling to date.

“Whilst we wait for the first assays from the Canbelego drilling, expected in late June, we are continuing infill auger drilling for gold at our Eastern Group Tenements.

“We plan for a strong stream of news from this highly active period.”