Helix ready to drill upgraded Bijoux copper anomaly

Helix Resources (ASX:HLX) is set to commence drill testing of recently defined high tenor copper zones within the larger Bijoux auger copper anomaly will commence in late September 2024. The Bijoux prospect is located in Helix’s western tenements. This program is part of Helix’s ongoing target generation and testing program aimed at making new copper (and gold) discoveries in the Cobar-Nyngan area of central NSW.

Highlights:

• Recent auger geochem results have enhanced the delineation of the higher-grade (+500ppm copper) portion of the kilometres-long Bijoux copper anomaly.
• Helix is mobilising to drill these new areas identified in a 400m long, high-grade portion of the copper auger anomaly at Bijoux in late September.
• Bijoux was a new copper discovery reported on 15 January 2024 where high-grade copper intercepts in several reverse-circulation (RC) holes outlined a 200m long NNW-trending zone which is open to depth and along strike1. Best intercepts included:

o 6 metres (m) at 1.99% copper (Cu) within 36 at 0.99% Cu from 41m in BJRC012 (oxide);

o 2mat5.76%Cuwithin10mat1.48%Cufrom182minBJRC010(sulphide);and

o 4m at 1.90% Cu within 11m at 0.94% Cu from 140m in BJRC013 (sulphide).

• Bijoux is prospective for CSA-type copper deposits and represents an important copper discovery beyond our Canbelego Mineral Resource located 9km to the north.
• Exploration is progressing on multiple fronts across Helix’s NSW tenements. In addition to the upcoming Bijoux drill program:

o Auger drilling has commenced at the Muriel Tank historical gold field to test for extensions to existing high-grade gold veins and historical workings

o Geophysical contractors have been secured for the Legacy Minerals JV, Cobar project to undertake surface electromagnetic surveys on multiple high priority targets. Helix geologists are now on site to confirm logistics, access and undertake reconnaissance mapping over the targets.

“We are very excited to be resuming drilling at Bijoux. The new copper auger results clearly show the extension to the known drilled copper zone, providing an obvious pathway for the follow up drilling to extend zones of higher-grade oxide and sulphide copper mineralisation,” Managing Director, Kylie Prendergast, said.

“Helix is treating this area as a copper camp that contains a series of robust surface copper geochemistry targets, and the strategy is to discover new CSA-style copper lodes within these anomalous outlines.

“CSA-style copper lodes are high-grade, vertically extensive bodies of copper that can be continuous to depths of two kilometres (such as the nearby CSA copper mine operated by ASX:MAC). Helix has proven that viable CSA-style copper lodes occur on our tenements such as the copper Mineral Resources in the Canbelego Main Lode.

“The objective of the current exploration programmes is to identify additional copper mineralisation in a near surface setting (<400m depth) to grow the existing Mineral Resources. Helix considers active exploration of high-quality targets for new copper, gold and base metal deposits will create value for shareholders.”