Helix Resources Limited Collerina – Mineralisation Defined to 350m Depth

Helix Resources (ASX:HLX) wishes to advise that exploration drilling at the Collerina Copper-Zinc Prospect has continued to intersect copper sulphide mineralisation on the down-plunge extension to the main mineralised zone. Remaining results have been received from the large step-out drilling that has tested a further 300m east of previous drilling and tested the system to a vertical depth of 350m.

Six of eight holes targeting the main mineralised zone position have intersected copper mineralisation over various widths

Collerina: Mineralisation Defined to 350m Depth – Large EM Survey to Commence.

– Results from drilling on the main mineralised zone have returned >1% Copper in 6 of the 8 holes drilled, extending the system to a vertical depth of 350m (refer Figure 1 in the link below).

– The main mineralised zone is remarkably persistent and its position predictable along a shallow dip and plunge over at least 1,000 metres, and remains open.

– Intercept widths continue to vary within the mineralised zone. This is consistent with Tritton-style deposits (internal variation of 2m-30m thick).

– Downhole geophysics will be used to vector toward the thicker sulphide accumulations within the main mineralised zone for testing with further drilling, as well as defining further zones in the shallower extensions of the Collerina Copper-Zinc system.

– A comprehensive 600 line kilometre VTEM-Max helicopter-borne geophysics survey will be flown over the entire 25 kilometre Collerina trend in early December targeting additional VMS systems on the prospective trend.

For the full press release click here.

Category: News Story

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