Helix Resources Extends Collerina Copper Zone Prospectivity

THE DRILL SERGEANT: Helix Resources (ASX: HLX) reported on geochemical sampling it recently conducted in search of new copper-gold deposits in the company’s Eastern Group Tenements located near Nyngan in central New South Wales.

Helix Resources’ efforts produced more than 600 auger sample assays from the Eastern Group Tenements, which its claims to have confirmed the Collerina Copper Trend as a major prospective zone with elemental signatures indicative of copper-gold deposits in similar style to nearby Aeris Resources’ Tritton copper deposit.

The company declared the geochemical infill results confirm the tenor and scale of pathfinder element anomalies identified at several targets:

o Numerous +20ppb gold (Au) assays have been returned, with peak values of 187ppb Au, 39ppb Au and 44ppb Au at Max’s Folly, Alderbaran and Gwinear respectively, with the sample grid infilled to 50m x 50m at Max’s Folly and Alderbaran, and to 100m x 50m at Gwinear.

o Several Au anomalies have been defined at Tarawera and Iowaba, with numerous +20ppb Au assays, with peak values of 37ppb Au and 59ppb Au respectively, with the sample grid infilled to 50m x 50m in multiple areas.

“The auger infill programs continue to confirm there are significant geochemical anomalies along the prospective corridor we refer to as the Collerina Copper Trend, which extends south from the Aeris Resources copper tenements through Helix’s Eastern Group Tenements for over 100km of strike length,” Helix Resources managing director Kylie Prendergast said in the company’s ASX announcement.

“The results demonstrate this is a major prospective zone and the signatures we are observing in the data are consistent with signatures for Tritton-style copper gold deposits.

“Helix is working proactively around crop and weather constraints to progress programs in all accessible areas, bringing targets to a drill ready stage as efficiently as possible.

“There are also several large areas along the prospective trend which are proposed for aircore drilling as they are essentially unexplored, given airborne VTEM geophysics may not have tested through the alluvial clays.

“Helix is focused on advancing several priority targets in its pipeline which we believe have potential to deliver a new copper-gold discovery in the highly endowed, Cobar region close to established operations and processing facilities.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE