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Helix Resources Ltd.
Summary
| Project: | Cobar | |
|---|---|---|
| Deposit: | Boundary, Good Friday | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/17/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-11-2016: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Boundary, Good Friday deposit at the Cobar project. Drilling results incl. 45m @ 3.4g/t Au from 46m. Helix Resources Limited (ASX:HLX) is pleased to announce that hig | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mick Wilson (Internal) | |
| ABSTRACT: | Helix Resources Limited (ASX:HLX) is pleased to announce that high-grade gold results have been returned from diamond drilling in gold-bearing structures at the Boundary and Good Friday Prospects. Intercepts have been returned from shallow depths and include: Boundary Prospect : HRDD002: 45m @ 3.4g/t Au from 46m, incl. 5m @ 9.3g/t Au from 51m and 11.4m @ 5.1g/t Au from 71m. Good Friday Prospect: HRDD003: 28.8m @ 3.0g/t Au from 29m incl. 8m @ 4.9g/t Au from 31m and 7.8m @ 4.0g/t Au from 50m to EOH. HRDD003 at the Good Friday Prospect ended in gold mineralisation, returning 5.3g/t Au over 0.8m to EOH at a depth of 57.8m. The high-grade gold bearing structures at both Prospects remain open in several directions (Refer figure 1 and figure 2). This program was the first diamond drilling undertaken by Helix at the Cobar Gold Project and was carried out to better understand the controlling structures of the high grade gold in the goldfield. The structural information from this program will assist in further targeting the structures at these Prospects as well as targeting other similar structures in the numerous untested Prospects throughout the goldfield. Assay results from this diamond drilling program are comparable to the nearby historic Mt Boppy Gold Mine, where high-grade gold was mined from a 300m long orebody that has produced approximately 500,000 ounces of gold. | |
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