Helix Resources Limited (ASX: HLX) has encountered side zones of copper sulphide mineralisation in ongoing copper exploration drilling at its Canbelego Joint Venture (JV) Project located in the Cobar region of NSW.
The company recently completed two diamond core holes which intersected visual copper sulphides at the planned target positions of the Canbelego Main Lode and received copper assays for the upper portions of CANDD006 (Western Lodes).
Assay for the lower portion of this hole had been prioritised with Helix reporting some of the highest tenor results to date, including 5.3 metres at 3.34% Cu from the Main Lode target position.
Drilling is ongoing to test the Canbelego Main Lode, the new Western Lodes and the Caballero Prospect to the south.
We are building up a very active program initially focused on drilling along the Rochford Trend and building up the copper mineralisation around Canbelego. It is also very pleasing to have continued to locate further visual copper sulphide hits which continue to demonstrate the fertile nature of our ground in the well-endowed Cobar basin of NSW,” Managing Director Mike Rosenstreich said.
“In addition to further successful results at Canbelego, we are also extending our work to test a series of earlier stage copper targets along both the Rochford and Collerina copper trends. The team is conducting new surface geochemical sampling programs and geophysical surveys to advance additional regional targets over the entire property portfolio and build up the tempo of exploration activity and news flow.”
Ongoing Exploration
Drilling is currently targeting the depth extension of the high- grade shoot intersected in CANDD002 (18m at 3.4% Cu) as part of a multi hole program to ‘infill’ and extend the known high-grade copper mineralisation.
Helix is progressing with a 50-hole program on EL6140 (the Canbelego Joint Venture Licence) comprising approximately 39 shallow (150m) RC tests for c.5,850m and 11 diamond core holes for c.4,250m allocated across the Canbelego Main Lode, the Western Lodes and the Caballero prospect to the south.