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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Silver | |
| Date: | 12/1/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-12-2016: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. 3m @ 3% Cu, 0.3% Zn, 0.1g/t Au from 209m. Helix Resources (ASX:HLX) wishes to advise that exploration drilling at the Colle | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mick Wilson (Internal) | |
| ABSTRACT: | Helix Resources (ASX:HLX) wishes to advise that exploration drilling at the Collerina Copper-Zinc Prospect has continued to intersect copper sulphide mineralisation on the down-plunge extension to the main mineralised zone. Remaining results have been received from the large step-out drilling that has tested a further 300m east of previous drilling and tested the system to a vertical depth of 350m. Six of eight holes targeting the main mineralised zone position have intersected copper mineralisation over various widths. The Company is very encouraged by the presence of copper mineralisation at predictable depths within the targeted corridor (Refer Figure 1). The geological controls on the main mineralised zone are now well understood with a foot-wall marker horizon consistently being intersected 10-20m below mineralisation, providing a good geological control within the Prospect. Tritton-style copper deposits have significant variability in mineralisation thickness from 2m to 30m thick. At Collerina there is similar variability of sulphide accumulation in the drilling to date and therefore there is confidence that with further infill and extensional drilling, zones of greater thickness and grade tenor will continue to be identified within the system. The recent drilling at Collerina provides a suitable platform for further downhole EM surveys (DHEM). Additional DHEM will be undertaken to vector toward zones of thicker sulphide accumulation within the known portions of the main mineralised zone. DHEM will also assist in identifying stronger EM conductors down plunge, east of the drilling to date. This will assist in planning future step-out drilling at depth. | |
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