Helix Resources (ASX:HLX) has received further positive RC drill assay results from the emerging Bijoux prospect as part of the company’s ongoing target generation and testing program aimed at making new copper (and gold) discoveries in the highly prospective Cobar-Nyngan area of central NSW.
The results have delivered encouraging copper grades and significantly increased the mineralisation footprint at Bijoux, located in Helix’s western tenements.
“We are excited with the latest batch of assays from Bijoux which have delivered encouraging grades as well as significantly expanding the prospect’s strike length. The prospect remains open – both at depth and along strike – and we intend to follow these results with further drilling,” Managing Director, Kylie Prendergast, said.
“Bijoux is a prime example of the experience and tenacity current management have applied to the company’s large-scale Cobar tenements. Having been identified and prioritised through a comprehensive geochemical program, the team have worked systematically via further auger and RC drilling to test our CSA-style copper model.
“Today’s assays validate this approach and continue to highlight that in an area as rich as the Cobar Basin, quality exploration means the company is potentially just one drill hit away from a new discovery.
"Pleasingly, The Helix team is also hard at work across our other prospects and we anticipate assays as well as further drilling at the Muriel Tank gold project, which continues to show considerable promise.
“A drill programme is also prepared for the Louis copper prospect which has had no drilling to date and returned a cluster of geochemical copper anomalies.”