Helix Resources (ASX:HLX) - Managing Director, Mike Rosenstreich
Managing Director, Mike Rosenstreich
Source: Helix Resources/Twitter
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  • Helix Resources (HLX) has drilled two new holes with visible copper sulphide mineralisation at its Canbelego project in NSW’s Cobar region
  • The intersects were made at planned targets of the Canbelego Main Lode
  • Assay results include a 5.3-metre hit at 3.34 per cent copper
  • Drilling continues at the Main and Western Lodes, as well as the Cabarello prospect
  • Shares in Helix Resources are steady at $0.01 as of 10:49 am AEST

Helix Resources (HLX) has drilled two new holes with visible copper sulphide mineralisation at its Canbelego project in NSW’s Cobar region.

The copper intersects were made at planned targets of the Canbelego Main Lode. The company also received copper assays for the upper portions of property’s Western Lodes.

Assay results include a 5.3-metre hit at 3.34 per cent copper. This discovery is one of the highest results to date. The company stated drilling is still going to continue testing the Main Lode, the new Western Lodes, and the Caballero prospect.

“We are building up a very active program initially focused on drilling along the Rochford Trend and building up the copper mineralisation around Canbelego,” Managing Director Mike Rosenstreich said.

Helix stated that if it continues to see its desired results at Canbelego, it will also work on testing a series of earlier stage copper targets along both the Rochford and Collerina trends.

“It is also very pleasing to have continued to locate further visual copper sulphide hits which continue to demonstrate the fertile nature of our ground in the well-endowed Cobar basin of NSW,” Mr Rosenstreich added.

The company is running new sampling programs and surveys in hopes of advancing more targets throughout the whole property portfolio and ramp up its exploration work.

Shares in Helix Resources are steady at $0.01 as of 10:49 am AEST.

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