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Helix Resources Ltd.
Summary
| Project: | Joshua | |
|---|---|---|
| Deposit: | Joshua | |
| Location: | Chile | |
| Commodities: | Copper-Molybdenum | |
| Date: | 12/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-12-2018: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Joshua deposit at the Joshua project. Drilling results incl. 178m @ 0.19% Cu, 35ppm Mo from 222m. Helix Resources Limited (ASX:HLX) (Helix or the Company) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Wilson (Internal) | |
| ABSTRACT: | Helix Resources Limited (ASX:HLX) (Helix or the Company) is pleased to provide an update for the diamond drilling program at the Joshua Porphyry Copper Project in Chile. Manhattan Corporation (ASX:MHC) is funding the cost of this exploration program as part of its option commitment under a Heads of Agreement (“HOA”) entered into with Helix earlier this year The 3000m diamond drilling program at the Joshua Porphyry Copper Project in Chile is 83% complete (2,500m). Drilling continues to expand the known footprint of the copper-bearing porphyry system, and for the first time, a molybdenum-mineralised porphyry intrusion and a new phase of brecciation with higher copper grades (+0.5% Cu) have been intersected. Holes 1 and 2 have been completed west of the silica cap (and previous Helix drilling) testing new geophysical and geological anomalies. Hole 3 has been completed to test a new zone in the valley east of all previous drilling, and holes 4 and 5 are the first holes ever drilled into an area even further east and interpreted to possibly represent a second porphyry system - Porphyry System 2. Hole 4 (DDH JS18-004), located 1.3km NE of hole 3, is the first hole drilled into interpreted Porphyry System 2. The hole intersected over 100m of molybdenite-bearing | |
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