Helix Resources advances Muriel Tank project

Helix Resources (ASX:HLX) has announced key developments in its Muriel Tank gold project, located in central New South Wales. The company confirmed over 3 kilometers of high-grade gold mineralization continuity between the Golden Horseshoe and Russell's areas through auger sampling. This sampling involved 335 drill holes and identified several new gold anomalous areas, hinting at further potential at the largely undrilled Muriel Tank prospect.

Helix Resources' future exploration and strategy

Helix Resources' recent announcement highlights the promising results from the Muriel Tank gold project, where over 3km of gold continuity has been confirmed. The auger sampling has uncovered several new anomalous areas, suggesting further potential for gold discoveries. The company plans to advance with Phase 1 drill targets and an RC drilling program, aiming to expand the geological database. Helix Resources is capitalizing on favorable gold prices and regional processing opportunities to progress the project. Beyond Muriel Tank, the company remains focused on its broader exploration strategy, including copper projects and expansion into the Bryah Basin. These efforts underscore Helix's commitment to enhancing its exploration capabilities and unlocking the potential of its extensive land holdings.

Executive commentary on Muriel Tank findings

The auger sampling results underscore the significant potential of the largely underexplored Muriel Tank prospect. The continuity of gold mineralization over 3 kilometers, coupled with newly identified anomalous areas, is encouraging. These findings, alongside our strategic focus on leveraging regional processing infrastructure, position us well for future exploration success.