HELIX RESOURCES LIMITED Helix Resources Limited provide an update on its drilling activities at the Canbelego Copper Project located southeast of Cobar in central NSW, Australia. Testing the `Upper Canbelego Main Lode' with a modest RC drilling program has successfully mapped out a high-grade copper zone from near surface to over 120m down-dip. Copper sulphides observed over nearly 22m downhole in diamond drill core appears to have further extended that trend by another 40m, and it remains open at depth.
Initial estimates of the true thickness of these mineralised zones is between 15 to 20m consistent with the interpretation. Additional potential is highlighted by a very shallow, high-grade intercept of 25m at 1.87% Cu, which includes 5m at 5.35% Cu and 2m at 6.42% Cu which is open to the south for 130m toward the historical underground workings. Deeper diamond drilling to test high-grade copper shoots identified by downhole electromagnetic (DHEM) surveys is ongoing.
The objective is to follow up on the 14m intercept of copper sulphides from the first successful drill test of the conductive DHEM targets. The following section provides an update of the drilling at the Canbelego Main Lode, in particular, recently completed RC holes CBLRC058 to CBLRC064 and observed copper mineralisation in diamond hole CANDD017.
