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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 7/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-7-2018: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 3.5m @ 4.7% Cu, 0.4% Zn, 0.16g/t Au, 6g/t Ag from 330m. Helix Resources Limited (ASX:HLX) (Helix or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mick Wilson (Internal) | |
| ABSTRACT: | Helix Resources Limited (ASX:HLX) (Helix or the Company) is pleased to announce a high-grade copper assay result associated with massive chalcopyrite from the diamond core tail of CORCDD090. Hole CORCDD090 has returned a high-grade intercept of 3.5m @ 4.7% Cu, 0.4% Zn, 0.16g/t Au and 6g/t Ag from 330m including 0.85m @ 17.8% Cu, 1.6% Zn, 0.62g/t Au and 24g/t Ag from 331.15m. The 3.5m intercept represents a mineralised unit with copper and iron sulphide bearing stringer veins within silicified sediments surrounding the massive chalcopyrite zone. The two recently completed drill holes (CORC088: 4m @ 3.4% Cu [previously announced]¹; and CORC090: 3.5m @ 4.7% Cu incl. 0.85m @ 17.8% Cu) have delivered mineralised intercepts that have reinforced and extended the plunge corridor of the Central Zone massive sulphide system. The high-grade plunge extent of the Central Zone is now defined over 750 metres (and is still open). Both holes were followed-up with down-hole EM surveys and returned strong (up to 500 Siemens) responses from nearby conductors (within 50m). These off-hole conductors are interpreted to represent potential extensions that may host thickening and/or increase in tenor of the massive sulphide zone, and are priority drill targets (refer Figure 1) | |
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