Announcement Date: 2022-04-12
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Helix Resources Ltd.
Project name: Canbelego
Location: Australia
Commodities: Copper
Highlight: Drilling results incl. 12m @ 0.38% Cu from 94m
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 assay results for nine RC drill holes intersecting visible copper sulphide mineralisation2 from new parallel lode positions at the Canbelego Joint Venture Project located in the Cobar region of NSW (reported 10 February 2022). The Canbelego Copper Project lies along the regional scale Rochford Copper Trend. It is a 70:30 ‘contributing’ JV (Helix 70% and Manager, Aeris Resources Ltd (ASX:AIS) 30%). In 2021, the JV drilled five diamond drillholes (CANDD001 to CANDD005) for nearly 2,000 metres around and beneath the Canbelego Mineral Resource3 or Main Lode, after an 8-year exploration hiatus (refer Figure 1, Drillhole Location Plan). One diamond hole (CANDD006), completed in January 2022 intersected a 29m zone of copper-sulphide mineralisation including 1.3m of massive-semi massive chalcopyrite4 , which clearly highlights the open nature of the high-grade copper mineralisation (refer Figure 2, main Lode Long Section). To follow-up on the shallow mineralisation intersected to the west of the Main Lode in holes
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