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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Silver | |
| Date: | 11/2/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-11-2016: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 7m @ 2.1% Cu, 1.0% Zn, 0.2g/t Au, 5g/t Ag from 193m. Exploration drilling at the Collerina Copper-Zi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mick Wilson (Internal) | |
| ABSTRACT: | Exploration drilling at the Collerina Copper-Zinc Prospect has continued to intersect sulphide mineralisation on the extension to the main mineralised zone. Drilling on the large step-out pattern has tested a further 300m east of previous drilling and tested the system to a vertical depth of 350m, where visible chalcopyrite was logged within the target zone in the eastern-most hole (results are pending). Six of eight holes targeting the main zone position have intersected sulphide mineralisation over various widths, the remaining two missed due to hole deviation. The last hole of the program is still underway and expected to be completed in the coming days. The Company is very encouraged at the presence of sulphide mineralisation at predictable depths within the targeted corridor (Refer Figure 1). The geological controls on the main mineralised zone are now well understood with a foot-wall marker horizon consistently being intersected 10-20m below mineralisation, providing a good geological control within the Prospect. The thicknesses of sulphide mineralisation and the presence of massive pyrite continues to be variable across the 300m of additional trend tested. Results from the first two holes have returned 7m @ 2.1% Cu, 1.0% Zn, 0.2g/t Au & 5g/t Ag. incl. 2m @ 5.9% Cu, 3.0% Zn, 0.5g/t Au & 15g/t Ag from 193m in CORC037 and 4m @ 0.7% Cu, 0.1% Zn incl. 1m @ 2.3% Cu, 0.3% Zn, 0.1g/t Au from 320m in CORC038. Results from the remaining holes are expected in batches over the coming weeks. The understanding of the geological controls is key to effective targeting with drilling of these systems and targeting at greater depths in future programs. Downhole geophysics, infill and extensional drilling will continue to be used to define the full extent of the mineralised zone at Collerina. | |
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