Announcement Date: 2022-10-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Helix Resources Ltd.
Project name: Canbelego
Location: Australia
Commodities: Copper
Highlight: Drilling results incl. 11m at 0.75% Cu from 141m
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 provide an update on its ongoing copper exploration program, drill testing several early-stage targets along the Rochford Trend southeast of Cobar, NSW. This reverse-circulation (RC) drilling program commenced in early-July and was completed in mid-September. A total of 27 RC holes were completed for 4,275 metres (m) and assays are reported here for 15 holes with results for the remaining 12 holes pending. The targets tested (shown in Figure 1 – Rochford Location Plan) comprised the newly identified mineralised ‘lode’ positions to the west of the Canbelego Main Lode, the new Shango target and the Caballero prospect which had not been drilled since scout RC drilling in 2013. The results at Caballero, comprising of significant copper assays and visual copper mineralisation ‘down-dip’ in the follow-up diamond core hole, are very exciting for the potential discovery of a new copper deposit. Caballero is a wide zone with intense alteration and deformation, 2.5km south along ‘trend’ from the Canbelego Main Lode within the Rochford Copper Trend.
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