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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Silver | |
| Date: | 7/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-7-2017: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 28m @ 0.2% Cu from 28m. Helix Resources Limited (ASX:HLX) (Helix or the Company) is pleased to advis | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mick Wilson (Internal) | |
| ABSTRACT: | Helix Resources Limited (ASX:HLX) (Helix or the Company) is pleased to advise that the recent RC drilling program at the Collerina Copper Deposit has been completed and assay results received. This program has successfully identified four additional near‐surface oxide copper zones adjacent to the existing Central Zone mineralisation. The identification of these new zones has expanded the known Collerina aggregate strike extent to in excess of 500 metres, an approximate threefold increase. It is encouraging that the scale and tenor of the assay results from the newly identified oxide copper zones are consistent with previous oxide drill intersections over the Central Zone of the Collerina Deposit. A new drill program is currently being planned, with the assistance of downhole electromagnetics (DHEM), to target copper sulphide extensions to these newly identified copper oxide zones. Helix Managing Director, Mick Wilson, commented: “The identification of four new copper oxide zones and the extension of the aggregate strike of copper mineralisation at Collerina to more than 500m is extremely encouraging and validates the potential of the project. The scale and tenor of the oxide mineralisation of the new zones is consistent with the shallower oxide portion of the Central Zone where massive sulphide mineralisation has been confirmed down plunge for more than 500m. Today’s results from the new zones and the upcoming downhole geophysical surveys will be key to define drill targets for our next program, targeting copper sulphide mineralisation in potential depth extensions.” | |
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