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Helix Resources Ltd.
Summary
| Project: | Cobar | |
|---|---|---|
| Deposit: | Battery Tank, Sunrise | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-4-2017: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Battery Tank, Sunrise deposit at the Cobar project. Drilling results incl. 66m @ 1.5g/t Au from 2m. Helix Resources Limited (ASX:HLX) is pleased to provide an update wi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mick Wilson (Internal) | |
| ABSTRACT: | Helix Resources Limited (ASX:HLX) is pleased to provide an update with regard to its ongoing activities at the Cobar Gold Project in NSW. Four new holes (two at the Battery Tank and two at the Sunrise Prospects) and four diamond tail extensions of previous holes (two at the Good Friday and two at the Boundary Prospects) have been completed for a total of 710m in a recent diamond drilling program (refer Table 2 below). Following detailed geological and structural logging of the holes, the first assays received from the program are from the extension of HRDD003 at the Good Friday Prospect. Managing Director Mick Wilson said: “The visual recognition of high-grade gold controls at each of the known prospects at The Cobar Gold Project, plus the identification of new areas beyond the four known prospects is highly encouraging. The gold results to date and the increased field activities planned over the coming months are anticipated to fast-track our understanding of this emerging gold camp”. He added, “the regional structural review has also covered the Company’s Collerina Copper Project. Preliminary outcomes emerging from the review are providing an insight into a potential re-interpretation of the Collerina copper deposit’s geometry and the wider picture for the VMS trend being targeted by Helix. The VTEM modelling and structural review will also direct upcoming drilling programs at Collerina.” | |
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