| Announcement Date: | 2022-10-10 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Helix Resources Ltd. |
| Project name: | Canbelego |
| Location: | Australia |
| Commodities: | Copper |
| Highlight: | Drilling results incl. 16m at 3.21% Cu from 117m |
| 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 the ongoing copper exploration drilling at its Canbelego Joint Venture (JV) Project located in the Cobar region of NSW. The Company has received assays for two further diamond drill holes and one RC hole within the Canbelego Main Lode project area. 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%). The Rochford Trend has the potential to host ‘Cobar-style’ copper deposits analogous to the large-scale, highgrade mineralisation found at the nearby CSA Copper Mine, owned by Glencore Ltd (refer Figure 4 – Schematic CSA Long Section). Page 4 In 2021, the JV drilled five diamond drillholes for nearly 2,000 metres around and beneath the Canbelego Mineral Resource2 at Main Lode, after an 8-year exploration hiatus. Since then, further RC and diamond drilling has been undertaken highlighting high-grade shoot extensions on the Main Lode and identifying new, parallel lode positions to the west of the Canbelego Main Lode. |
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