Helix Resources announces expanded copper resource potential

Helix Resources Ltd (ASX: $HLX) has announced the expansion of its copper resource potential with the identification of new geophysical anomalies near the Canbelego Main Lode Resource. The company's Executive Technical Director, Kylie Prendergast, expressed excitement about the potential to increase the existing copper inventory and the scheduled drilling in May to further explore these prospects.

Executive Commentary on Copper Resource Expansion

The new geophysical survey results show there are significant new copper targets in close proximity to known, high-grade copper mineralisation at the Canbelego deposit. This is generating a lot of excitement in the Helix team on our ability to expand our Canbelego Copper Mineral Resources with drilling scheduled to start in May. Helix is strongly focused on growing its copper endowment in the prolific Cobar region and is systematically assessing its entire tenement portfolio with innovative methods to make new discoveries. So we are very pleased to report that following on from the initial Pole-Dipole Induced Polarisation (PDIP) geophysical surveys, we have successfully deployed wide coverage GAIP geophysics to refine the location and extent of conductive zones at Canbelego and Caballero, so far. We have high confidence that the conductive zones represent mineralised structures due to the correlation of copper geochemical anomalism at surface with these conductive zones and our new geological modelling. Now we will move to test the anomalies with PDIP geophysics. This will test down to depths of about 400m and we will be seeking to identify chargeability zones that could represent sulphide copper mineralisation, ideally similar to those that we identified very effectively with this technique at the high-grade Canbelego deposit. Helix is systematically generating a large pipeline of targets which we will further refine, prioritise and then test the best of them with drilling in May subject to weather.

Summary of Copper Resource Expansion Announcement

Helix Resources Ltd (ASX: $HLX) has expanded its copper resource potential with the identification of new geophysical anomalies near the Canbelego Main Lode Resource. The company's Executive Technical Director, Kylie Prendergast, expressed excitement about the potential to increase the existing copper inventory and the scheduled drilling in May to further explore these prospects. The new geophysical survey results have shown significant new copper targets in close proximity to known, high-grade copper mineralisation at the Canbelego deposit. Helix is focused on growing its copper endowment in the prolific Cobar region and is systematically assessing its entire tenement portfolio with innovative methods to make new discoveries. The company is pleased with the progress and is looking forward to refining, prioritising, and testing the best targets with drilling in May, subject to weather conditions.