Copper oxide mineralisation. Source: Helix
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  • Helix Resources (HLX) updates the market on its copper exploration activities at its tenements along the Collerina Copper trend, in the Cobar region of NSW
  • The company has drilled 18 holes in the current program at the CZ prospect, for a total of nearly 2000 metres
  • Diamond core drilling for 1400 metres has started today
  • Helix is up 18.8 per cent and is trading at 1.9 cents per share at 2:21 pm AEST

Helix Resources (HLX) has updated the market on its copper exploration activities at its tenements along the Collerina Copper trend, in the Cobar region of NSW.

So far the company has drilled 18 holes in the current program at the CZ prospect, for a total of nearly 2000 metres. CZ is the company’s flagship target within the Collerina Trend.

Diamond core drilling for 1400 metres has started today. This drilling aims to test for extensions of the copper-sulphide resource underway.

The copper oxide drilling has been successful with new zones of up to 21 metres of visible copper mineralisation intersected in four to seven holes.

During this drilling program the company has faced COVID-19 restrictions and replaced several long-term exploration workers.

Managing Director Mike Rosenstreich commented on the ongoing activities.

“While the Helix exploration team have all recently been appointed to their positions, it is important to note they are now all strategically based in close proximity to operations in regional NSW and all highly experienced in the
local geology,” he said.

“I applaud their energy and inquisitive work ethic to revisit all aspects of the previous geological models and focus on the new drilling underway as well as plugging gaps from the earlier drill data base – which I think will contribute to some very exciting discovery opportunities.”

Helix is up 18.8 per cent and is trading at 1.9 cents per share at 2:21 pm AEST.


HLX by the numbers
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