Helix (ASX:HLX) boldness delivers outstanding copper Canbelego

Helix Resources infill RC and DDH exploration have delivered 16 metres at 3.21 per cent copper from 117m within the Main Lode project area of its Canbelego Joint VentureProject in New South Wales’s highly prospective Cobar region.

The downhole (CBLRC057) – including 11m at 4.58pc Cu –the highest-grade intercept to date in the upper 150 metres of the Main Lode, confirming the potential for high-grade copper mineralisation at shallower depths.

The ‘South Shoot’ infill and extensions to Mineral Resource also identified 10.8m at 0.52p Cu from 153m downhole (CANDD013) including 1.3m at 4.0pc Cu with the edge of the shoot likely to be indicating openess at depth in to the south• 

“Last week Helix was excited to report results for extensive drill testing of early-stage copper targets and the identification of a new, emerging prospect, Caballero,” Managing Director Mike Rosenstreich said

“This week, we are equally excited to deliver high-grade copper results from our advanced Canbelego Main Lode project, which consists of wide intervals with high-grade, featuring two to nearly five per cent copper assays.

“Results also included the highest-grade intercept to date in the upper 150 metres of the Main Lode, confirming the potential for high-grade copper mineralisation at shallower depths.

“These results are significant because they are extending known high-grade shoots and with new higher grades from infill drilling, both aspects potentially adding copper tonnes.

“This has motivated us to drill deep and test our ‘Cobar model’ for major increments in copper potential by stepping out 200 metres.

“There is no doubt that if we are successful the results will have a major impact on how we and our stakeholders regard the scale potential at Canbelego.

“This drilling has just started and whilst we have some exceptionally wet weather to contend with I look forward to keeping you advised on our progress.”

The Company’s ASX-listed shares have risen 14.29 per cent to .8c in early morning trade.

Other Results

• 10.8m at 0.52% Cu from 153m downhole (CANDD013) Incl. 1.3m at 4.0% Cu
• Likely edge of shoot, indicates open at depth and to the south
• ‘North Shoot’ extensions below Mineral Resource1 outline identified:
• ‘North Shoot’ extensions 14.3m at 1.96% Cu from 417m downhole (CANDD012) Incl. 8.3m at 2.82% Cu

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