Airborne EM Survey Confirms Multiple VMS Targets at Collerina

  •  A 600 line kilometre VTEM‐Max helicopter‐borne geophysics survey has been completed over the 25 kilometres of strike on the Collerina Tenement in NSW.
  • Thissurvey hasfast‐tracked the advancement ofthe Collerina Project, with multiple near‐prospect and regional targets identified in this highly prospective VMS belt.
  • At the main Collerina Prospect, a late‐time EM anomaly has been identified adjacent to and immediately south‐east of previous drilling. This is coincident with surface copper anomalism and is considered a priority drill target.
  • The survey has also highlighted multiple regional late‐time EM anomalies, many relating to the untested historic copper workings. Several new discrete anomalies have also been identified along the prospective trend. All priority targets will be modelled and followed up.

Helix Resources (ASX:HLX) is pleased to advise that a 600 line‐kilometre VTEM‐Max helicopter‐borne geophysical survey has been completed over the 25km of strike on the Collerina tenement. Helix controls an additional 60km of contiguous prospective VMS trend.

Helix had previously identified a series of targets along the trend from historic records, mapping and aeromagnetics. The VTEM‐Max survey has fast‐tracked Helix’s exploration program by identifying multiple late‐time EM conductors associated with these areas, as well as numerous brand new anomalies. The copper deposits in this region are known to form in clusters, as is evident in the Tritton‐Girilambone mining camp.

At the Collerina discovery, a late‐time EM anomaly has been identified adjacent to and immediately south‐east of previous drilling. This is coincident with surface copper anomalism and is considered a priority drill target.

Regional targets modelled from this survey will be followed‐up with detailed close‐spaced surface geochemistry sampling and prioritised for first‐pass drilling.

Category: News Story

You Might Also Be Interested In

2020-05-13-lum-figure1

Lumina Gold Reports Results of ZTEM Geophysical Survey at Cangrejos

“The ZTEM results demonstrate the size of the Cangrejos system and the potential to expand the existing gold resources given the significant areas of the geophysical anomaly that remain untested. Having a geophysical anomaly coinciding with surface gold geochemistry delineates clear additional exploration targets with high discovery potential.”

Category: News Story