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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Silver | |
| Date: | 6/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-6-2016: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 9m @ 2.5% Cu, 1.6% Zn, 9g/t Ag from 217m at the Eastern Extension. Helix Resources is pleased to adv | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mick Wilson (Internal) | |
| ABSTRACT: | Helix Resources is pleased to advise that results from the recent RC drilling program at the Collerina Copper-Zinc Project in Central NSW have been received. The program was designed to test extensions to the system and provide better definition of the known mineralisation. The drilling has intersected mineralisation to the west, to the east and down dip, expanding the known strike length of Collerina Prospect to at least 700m. The main primary mineralisation continues to be intersected at depth on the eastern-most line with hole CORC033 returning 9m @ 2.5%Cu, 1.6% Zn, 9 g/t Ag from 217m, including 3m @ 4% Cu, 2.4% Zn, 14g/t Ag in a broader mineralised zone. Thisis the deepest and eastern most hole drilled to date, with the system remaining completely open beyond this intersection. Zinc values are increasing in an easterly direction, with a peak zinc assay of 4.1% Zn associated with 5.1% Cu in a single metre result from CORC033. The drilling program to the west has delineated wide zones of oxide copper from surface and expanded the oxide copper zone within the system. Drilling on the western-most line intersected 9m @ 1% Cu within 25m @ 0.5% Cu from 39m in CORC036 and 2m @ 2.1% Cu within 12m @ 0.5% Cu from 65m in CORC025. The system remains open down dip and to the west. The large footprint of the Collerina Prospect is significant in comparison to high-grade copper systems in the district. Further drilling is required to determine the full extent of the system along the mineralised zone. | |
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