Advanced copper and gold explorer, Helix Resources Limited (ASX: HLX) (Helix or the Company) is pleased to provide an exploration update for the Company's Collerina Copper Project in the Cobar Region, NSW.
HIGHLIGHTS
EXTENSION TO CONCEPTUAL OPEN PIT
Up to 6 holes aimed at infilling and extending mineralisation to the immediate north west of the existing Central Zone Inferred and Indicated Resource (refer ASX Announcement 11/06/2019)
Targeting shallow mineralisation to a depth of about 100m around CORC107 (11m @ 1.04% Cu, incl 3m @ 2.8%Cu).
These holes will allow the previously announced conceptual open pit study to be updated.
NORTHERN TARGET ZONE
Initial 3 holes testing down hole and fixed loop EM conductors identified prior to COVID-19 travel restrictions.
Drilling is underway with the first hole being drilled down plunge of an earlier hole, CORC116 (4m @ 3.18% Cu).
Forward-Looking Statements
This ASX release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Helix Resources Limited's current expectations, estimates and assumptions about the industry in which Helix Resources Limited operates, and beliefs and assumptions regarding Helix Resources Limited's future performance. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'potential' and similar expressions are intended to identify forward-looking statements. Forward- looking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of Helix Resources Limited. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward- looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Helix Resources Limited does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions or circumstances on which any such forward looking statement is based.
About Helix Resources
Helix Resources Limited (ASX:HLX) has been listed on the ASX since May 1986, exploring and developing projects in Australia and globally. The Company's current focus is its exciting copper and gold projects located near Cobar in New South Wales. The Cobar Region is highly endowed, with a number of gold and base metals mines active in the region including the CSA Mine, Peak Mine, Tritton Copper Operations and Hera Mine. At the Company's 100% owned Collerina Copper Project, the Company discovered the VMS-hosted Central Zone deposit in 2017, with a maiden Mineral Resource defined. The Company is actively exploring in and around the Mineral Resource, looking for both clusters of mineralisation as well as potential extensions to the Mineral Resource. To the west, the Company's 100% owned Cobar Gold Project has identified a number of Mineral Resources, mainly focused around high-grade historical workings. The geology and structure at these prospects are similar to that seen at the 4Moz Peak Gold Mine to the north, where deposits are known to extend to over 1600m depth. The Company is looking to increase the Mineral Resources as well as assess near term mining and processing opportunities. More recently, the Company identified a 1.7km x 0.7km northwesterly trending zone, which it has called the Rochford Trend. Within the trend, the Bijoux Prospect was the first drill tested by the Company, with wide zones of anomalous copper identified by pXRF analysis in the field. Detailed gold and base metals assays are pending.
Contact:
Tel: 985-226-0292
Fax: 985-520-0290
Email: info@helixresources.com
HELIX RESOURCES LIMITED 
