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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 5/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-5-2018: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 64m @ 0.7% Ni, 0.03% Co from 8m. Helix Resources Limited (ASX:HLX) (Helix or the Company) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mick Wilson (Internal) | |
| ABSTRACT: | Helix Resources Limited (ASX:HLX) (Helix or the Company) is pleased to announce that first-pass regional aircore drilling along a portion of the Collerina Trend has intersected thick zones of laterite. Drilling intersections have returned significant cobalt and nickel assays in initial 4m composite sampling. Broad zones of cobalt and nickel mineralisation were returned at the Gwinear Trend and Widgelands South Trend. Results include: The cobalt and nickel mineralisation occurs in thick zones of laterite from, or near surface, with many aircore holes ending in mineralisation (at blade refusal) and remain open in multiple directions. The areas tested lie immediately adjacent to Collerina Cobalt’s (CLL) areas of retained Nickel Laterite Interests and illustrate that laterite prospectivity is significantly greater than the known deposits and prospects along the Collerina trend¹. The thicknesses and cobalt grades in intercepts are consistent with deposits in the area including CLL’s nearby Homeville Deposit: indicated and inferred resource of 16.3 million tonnes at 0.93% nickel and 0.05% cobalt (refer to the Collerina Cobalt website for full details), Australian Mines’ (ASX:AUZ) Flemington Deposit: measured resource of 2.5 million tonnes at 0.103% Co (refer to the Australian Mines website for full details), and CleanTeq’s (ASX:CLQ) Sunrise Deposit: measured, indicated and inferred resource of 101 million tonnes at 0.13% Co and 0.59% Ni (refer to the CleanTeq’s website for full details). | |
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