Final assay results from hole CANDD005 at the Canbelego JV have been received, confirming the presence of further copper mineralisation, including narrow, 1 metre, high grade intervals (up to 3.5% Cu), surrounding the high-grade massive copper sulphides detected in CANDD002 2 (14 metres at 4.2% Cu). While continuation of the copper-sulphide (chalcopyrite) shoots intersected in CANDD002 were not intersected within this complexly deformed and folded host sequence, the results provide further information on both the associated rock units and geological controls which determine the position of the higher-grade shoots.
In addition, a down-hole electromagnetic survey (DHEM) conducted on CANDD005 has identified a conductor which aligns with the down-dip position of the CANDD002 intersection, suggesting the massive chalcopyrite shoot may remain open at depth to the south of the intercept in CANDD005. The mineralisation drilled at Canbelego to date outlines a broad zone of potentially economic oxide and fresh copper mineralisation, punctuated by discrete high-grade shoots as intersected in CANDD002. Future work will be directed at extending the broad mineralisation envelope and targeting potential high-grade shoots within, ahead of any resource modelling and development studies
Meanwhile, Helix has continued to progress drilling at the CZ deposit1, completing a metallurgical sampling program and commencing drilling for resource extensions. Commenting on the ongoing activities, Helix Managing Director
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