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Helix Resources (ASX: $HLX) discovers copper-gold anomaly at Eastern Group tenements

Helix Resources discovery at Eastern Group tenements


Helix Resources Ltd (ASX: $HLX) has announced the discovery of a large-scale anomaly of copper-gold 'pathfinder elements' at the Company's Eastern Group Tenements located approximately 50km southeast of Nyngan in central, NSW. The anomaly envelopes three copper-gold targets which returned high copper and gold assays from rock-chip samples.

Executive Technical Director's commentary on the discovery


The Helix team are utilising a number of advanced exploration techniques across our tenements, allowing the Company to paint a much more refined picture of the high-grade copper-gold potential in the very prospective Collerina Trend. It is always exciting when multi layered datasets highlight the potential of a target. In this case, a newly identified, large-scale pathfinder (antimony and arsenic) auger anomaly is aligned with a major regional structural position. This discovery is further supported by the identification of initial high-grade copper and gold results in rock chips from three target areas. With further work, we expect these areas to feature within our upcoming, major drilling campaign, when Helix intends to test 20-30 prospects including 15-20 new undrilled targets. Following significant regional exploration activity Helix is establishing a pipeline of very encouraging targets which have the potential to deliver a major copper-gold discovery. We are very active on our large, strategic land position in the highly endowed, Cobar copper-gold region. That's makes our upcoming tests of that target pipe line very exciting for our shareholders.

Summary of Helix Resources' discovery and outlook


Helix Resources Ltd (ASX: $HLX) has made a significant discovery of a large-scale anomaly of copper-gold 'pathfinder elements' at the Company's Eastern Group Tenements in central, NSW. The discovery envelops three copper-gold targets which returned high copper and gold assays from rock-chip samples. The Company's upcoming 15,000 to 25,000 metre drill campaign across the Western and Eastern Group tenements planned to commence in March will include testing of these targets. Helix is establishing a pipeline of very encouraging targets which have the potential to deliver a major copper-gold discovery. The Company is very active on its large, strategic land position in the highly endowed, Cobar copper-gold region, making the upcoming tests very exciting for shareholders.

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