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Helix Resources Ltd (ASX:HLX) has expanded the strike of known copper sulphide mineralisation by 290 metres at its Bijoux prospect in central New South Wales, with grades of 2.92% and 1.83% being reported in a program of reverse circulation (RC) drilling.
The company found copper mineralisation in all 8 of the RC holes drilled (for a total of 1,440 metres), with intercepts including 2 metres at 2.92% copper (Cu) within 26 metres at 0.58% Cu from 84 metres; 2 metres at 1.83% Cu within 10 metres at 0.72% Cu from 132 metres; and 2 metres at 1.73% Cu within 4 metres at 1.06% Cu from 132 metres.
Helix understands Bijoux to be a CSA-style copper deposit, and is encouraged also to its proximity to – being 9 kilometres along strike of – its Canbelego mineral resource, which comprises 1.83 million tonnes (Mt) at 1.74% Cu for 31,800 tonnes of contained copper at a cut-off grade of 0.8% Cu.
Managing director Kylie Prendergast said she was enthused about the results, given their high grades and expansion of the Bijoux prospect’s strike length.
“The prospect remains open – both at depth and along strike – and we intend to follow these results with further drilling,” she 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.”
Helix has been trading at 0.4 cents.
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