| Announcement Date: | 2022-01-19 |
|---|---|
| Announcement Type: | Exploration Update |
| Announcement Code: | JORC |
| Company name: | Helix Resources Ltd. |
| Project name: | Canbelego |
| Location: | Australia |
| Commodities: | Copper |
| Highlight: | Copper-sulphide mineralisation intersected |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Helix Resources Limited (ASX: HLX) (“Helix” or “the Company”) is pleased to report diamond drill hole CANDD006 has intersected visible copper sulphide mineralisation at the Canbelego Main Zone target position, approximately 50 metres down dip from the high-grade intercept of 18 metres at 3.4% Cu intersected in May, 2021 (included 14 metres at 4.22% Cu) 2 . The Main Zone intercept occurs from 405 to 434 metres comprising mainly incipient veins and disseminated chalcopyrite (CuFeS2 – copper sulphide mineral) and includes approximately 1.3 metres of massive to semimassive chalcopyrite from 425.2 metres. Several intervals of mineralisation were observed higher in the hole which support the interpretation of parallel lode positions to the west of the Main Zone A 12 to 15 hole RC drill program has commenced to test for parallel lode positions to the south-west. VTEM and soil geochemistry also indicate potential for new lodes to the north-east, but with denser vegetation cover further target definition work is planned here prior to clearing access for drilling. |
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