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Recent gold assaying results have helped Helix Resources Ltd (ASX: HLX) to better delineate three prospective anomalies which were discovered during its regional-scale exploration over its Eastern Group Tenements in central New South Wales, with each anomaly growing in scale and tenor.
Initially picked up through reconnaissance scale auger sampling earlier in the year, these anomalies include one covering 2.1 kilometres across the Max’s Folly and Aldebaran prospects, where multiple samples have shown results above 20 parts per billion (ppb) gold.
At Aldebaran, gossanous material have been subject to rock chip sampling, pulling up results such as 8.95 grams per tonne gold, 0.10 percent copper and 461 ppm arsenic; as well as 1.59 grams per tonne, 0.16 percent copper and 1420ppm arsenic.
A second anomaly measuring 4.7 kilometres long has been found at the Fiveways West prospect, and a third measuring 2.2 kilometres long was identified at Gwinear prospect, where sampling showed results of more than 5 ppm.
Each of the three stretches along several kilometers strike and has excellent gold continuity.
Based on these finds, Helix is building towards a program of follow-up work next month which will include infill auger and potentially aircore drilling to better define the targets which are believed to be prospective for both copper and gold.
Helix’s Executive Technical Director, Kylie Prendergast said these results could lead the way towards a major copper-gold discovery in a highly prospective region, located 50 kilometres from Nyngan.
“These are early-stage, regional scale results, but they are certainly robust, resolving into three obvious gold footprints that are continuous over 2 to 4 kilometers,” she said.
“The new prospective target zone Helix is defining is so far 11 km long and remains open in two directions. The gold, arsenic and antimony signatures are considered indicative of copper-gold mineralisation such as occurs to the north at Aeris’ Tritton Copper Operations.
“These targets are in the right address being 75km to the south, along trend of the Aeris operations – which have been producing 20-30ktpa of copper plus gold for the past 30
years.”
She added that the company would begin drilling in the West part of its tenements in May, where geophysical results have identified new targets close to the Canbelego copper deposit, as well as the auger work to take place in the East.
Helix Resources has been trading at 0.3c.
