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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 4/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-4-2018: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 5m @ 4.3% Cu, 0.2% Zn, 0.2g/t Au, 5.1g/t Ag from 316m. 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 highly significant extensional drilling success at its flagship Collerina Copper Project. A recently completed three-hole RC drilling program targeting new DHEM positions, and built around a recently revised geological model, has intersected massive sulphide mineralisation at depth, approximately 240m down-plunge of the previously known massive sulphide extent of the Central Zone copper mineralisation. CORC087 has returned 5m @ 4.3% Cu, 0.2% Zn, 0.2g/t Au and 5.1g/t Ag (including 1m @ 12.1% Cu) from 316m. This drilling was the initial phase of an exploration program built upon a revised geological model that has developed out of the ongoing drilling and geophysical programs completed since mid-2017. A better understanding of the geological and structural controls within the Collerina mineral system, along with the disciplined use of DHEM surveys throughout drilling programs, has resulted in this substantial breakthrough at the Collerina Copper Deposit. In addition to giving Helix confidence to continue targeting further extensions of the Collerina Copper Deposit at depth, the massive sulphide intercept in CORC087 provides opportunities to expand the known extent of the copper-rich massive sulphides both up-plunge and down-plunge from this intercept. It is noted that other massive sulphide deposits in the region, such as Tritton, are typically plunge extensive. | |
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