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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 6/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-6-2018: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 4m @ 3.4% Cu, 0.15% Zn, 0.2g/t Au, 4g/t Ag from 290m. 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 announce that drill testing of recently identified off-hole EM conductors at its flagship Collerina Copper Project has continued to return intercepts of high-grade copper in massive sulphide. The two recently completed drill holes have delivered mineralised intercepts that have reinforced and extended the plunge corridor of the Central Zone massive sulphide system, with the plunge extent now at almost 750 metres (and still open). Both holes drilled to depth were immediately followed-up with down-hole EM surveys, with both returning strong (up to 500 Siemens) responses from nearby conductors. These new off-hole conductors represent extensions that may host thickening and/or increase in tenor of the massive sulphide zone and are priority drill targets. Deep RC and diamond drilling has intersected more copper-bearing massive sulphide in the plunge corridor of the Collerina Copper Deposit. An RC hole targeting the off-hole conductor down dip of CORC038 (1m @ 2.3% Cu¹) has returned a highgrade massive sulphide copper intercept: A DDH tail on a pre-collar hole (CORCDD090), targeting the off-hole conductors down dip/plunge of CORC087, has also intersected a massive chalcopyrite zone (refer Figure 1) and chalcopyrite-rich stringer zones (assays are pending) within the interpreted plunge corridor. This has increased the known extent of the open-ended Central Zone plunge corridor (to almost 750m) and added further weight to the prevailing geological interpretation. | |
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