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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Collerina | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 1/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-1-2019: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Collerina deposit at the Collerina project. Drilling results incl. 10m @ 3.7% Cu, 0.17g/t Au, 0.15% Zn, 6.6g/t Ag from 161m. 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 provide an update on the reverse circulation (RC) and diamond drill (DDH) program testing for continuity and extensions of the high-grade Central Zone massive sulphide at the Collerina Copper Deposit. The second batch of assays have been received with further high-grade copper returned from zones of chalcopyrite bearing massive and semi-massive sulphide (refer Figure 1 and 3). High-grade copper has been returned, with an intercept of 4m @ 5.2% Cu, 0.3g/t Au, 1.0% Zn from 278m, incl. 1m @ 10.1% Cu, 0.9g/t Au, 2.7% Zn in CORC096. This is an important result in the plunge portion of the Central Zone as it tested a zone of strong off-hole EM conductance from a nearby hole - CORC088 (4m @ 3.4% Cu). In addition two separate high-grade copper intercepts of 4m @ 2.5% Cu, from 195m, incl. 1m @ 9.2% Cu, 0.2g/t Au and 4m @ 2.4% Cu, 0.2g/t Au, 1% Zn from 222m incl. 1m @ 6.1% Cu, 0.4g/t Au, 3.3% Zn returned in CORC100. This is another important “linkage” intercept in the 180m “gap” between the Central Zone mineralisation and the deeper plunge plane results returned in mid-2018. These results are significant as they confirm the continuity of Central Zone mineralisation throughout the plunge plane, which remains open at depth (refer Figure 1 & 3). These intercepts which are open to the north also illustrate the relationship between localised zones of strong EM conductance and higher grades of copper within the massive sulphides (refer Figure 2). | |
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