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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 3/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-3-2019: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 5m @ 2.4% Cu, 0.3g/t Au, 0.6% Zn, 3.5g/t Ag from 327m. Helix Resources Limited (ASX:HLX) (Helix or th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mick Wilson (Internal) | |
| ABSTRACT: | Helix Resources Limited (ASX:HLX) (Helix or the Company) is pleased to provide an update on the reverse circulation (RC) and diamond drill (DDH) program testing for continuity and extensions of the high-grade Central Zone massive sulphide at the Collerina Copper Deposit. The third batch of assays have been received with further high-grade copper returned from zones of chalcopyrite bearing massive, semi-massive and stringer sulphide. The three holes being reported were designed to confirm the dip continuity around the previously reported holes of CORC087 ([email protected]% Cu), CORC088 ([email protected]% Cu), CORC090 ([email protected]% Cu) and CORC096 (4m @ 5.2% Cu). These latest intercepts importantly show that lateral continuity is present in the deeper parts of the highgrade Central Zone copper mineralisation. These additional results at depth confirm the continuity of the strike and distribution of the copper mineralisation, as observed near surface, continues down the plunge of the deposit. Results from these holes include: 2m @ 3.0% Cu, 0.2g/t Au, 3.8g/t Ag within 5m @ 1.8% Cu, 0.2g/t Au & 2g/t Ag from 296m in CORC089Ext (up dip and between CORC087 & CORC088). 1m @ 4.0% Cu, 0.3g/t Au, 7.5g/t Ag and 2.4% Zn within 5m @ 1.1% Cu, 0.1g/t Au, 1.5g/t Ag and 0.7% Zn from 320m CORC104 (Down dip from CORC087, up plunge from CORC090). 2m @ 5.1% Cu, 0.5g/t Au, 7g/t Ag, 1.4% Zn within 5m @ 2.4% Cu, 0.3g/t Au, 3.5g/t Ag and 0.6% Zn from 327m CORC097 (Down dip from CORC090). These results also highlight the continuation of the zonation of base metals within the dip plane of the mineralisation (first noted in the shallower intercepts) in the system. A pattern of increasing zinc to copper ratios from up-dip (zinc poor) to down-dip (zinc rich) is evident in intercepts so far (Refer Figure 2). This important observation is assisting to more accurately target the zones with higher copper content within the mineralised envelopes and will also assist in modelling the metal zonation during the resource estimation process. | |
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