Helix Resources Limited: Drilling Underway at Collerina Copper Project
Perth - Helix Resources (ASX:HLX) is pleased to advise that drilling has commenced at the Collerina Copper Project, NSW.Several geological targets nearby to the Collerina Deposit, as well as regional exploration targets, were identified during the recent structural review and are prioritised for testing in the RC drilling program.
- Reverse Circulation (RC) Drilling has commenced at the Collerina Copper Project, NSW.
- The drill program consists of 22 planned holes testing the following:
o Previously un-tested areas, including newly interpreted potential extensions and faulted repeats of the massive sulphide zone at the Collerina Deposit.
o The untested western extension of the Collerina Deposit, targeting copper in soil anomalism and geological targets.
o Three regional VTEM targets being Tindalls, Yathella and Max's Folly Prospects where EM anomalies are associated with untested historic copper workings.
- The drilling program is expected to take four weeks to complete.
Collerina Copper Project - Background
The Collerina Copper Project is located in a regionally significant VMS belt in central NSW. The Project is located between the Tritton-Girilambone mining camp situated to the north and the historic Tottenham mining camp to the south. The trend is prospective for copper, with associated zinc, silver and gold mineralisation hosted in a mixed sedimentary and vocanoclastic sequence within the Girilambone Basin.
At the Collerina Deposit, drilling to date has confirmed the presence of copper mineralisation from surface to a vertical depth of 350m along the main mineralised zone. Both the strike and plunge of the system remain open.
The Collerina tenement covers a 25km long portion of the copper prospective trend, which extends into Helix's regional tenement holdings, covering an additional 80km's of copper prospective strike.
The project is close to infrastructure, including the nearby Aeris operated Tritton Mine and associated deposits to the north.
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About Helix Resources Ltd:
Helix Resources Ltd. (ASX:HLX) is a successful minerals exploration company focused on the identification, acquisition and development of projects in prospective jurisdictions with established infrastructure.
The Company's main focus is the exciting Collerina Copper-Zinc and Cobar Gold Projects both located in Central NSW. The Company's key objective for 2017 is to advance these discoveries.
Helix's Board and Management team are focused on creating opportunities to increase shareholder value from the quality assets in the Company's project portfolio.
Contact:
Mick Wilson Managing Director
E: mick.wilson@helix.net.au
T: +61-8-9321-2644
Dale Hanna CFO/Company Secretary
E: dale.hanna@helix.net.au
T: +61-8-9321-2644
Helix Resources Ltd.
F: +61-8-9321-3909
www.helix.net.au
