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Helix Resources Ltd.
Summary
| Project: | Collerina | |
|---|---|---|
| Deposit: | Yathella | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 5/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-5-2018: Helix Resources Ltd. announces an Exploration/Drilling Update report for its Yathella deposit at the Collerina project. Drilling results incl. 12m @ 0.13% Cu from 12m. Helix Resources Limited (ASX:HLX) (Helix or the Company) is pleased to annou | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mick Wilson (Internal) | |
| ABSTRACT: | Helix Resources Limited (ASX:HLX) (Helix or the Company) is pleased to announce exploration activities at the emerging Yathella Prospect have continued to return encouraging copper results. A single scout hole of slim-line RC to 39m has returned anomalous copper in oxidised basement rocks (12m @ 0.13%Cu from 12m in HCOSLRC026). Significantly, this intercept combined with the open copper-in-soil anomaly and coincident basement EM anomalies show strong similarities to early results at the Collerina Copper Deposit. Yathella Copper Prospect: Previously reported auger soils have identified an anomalous copper-in-soil anomaly (up to 1330ppm Cu) over a 150m by 250m area. The anomaly is coincident with both an airborne and surface EM response and remains open in several directions. A scout slim-line RC hole was drilled above the modelled airborne EM anomaly. The assays have confirmed the presence of anomalous copper in the weathered basement rocks and provides additional confidence that the deeper EM conductors may be related to copper-bearing sulphides. | |
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