Helix Resources | 2016 Achievements
New South Wales
Despite a 3 month weather delay this year Helix completed:
- 3 drilling programs totalling 6,000m of RC and diamond drilling at the Collerina Copper-Zinc Prospect. The drilling programs have now defined mineralised zone at Collerina over 1km in length and down to a depth of 350m. Intercepts in drilling released to date across the mineralised zone average 7m @ 2.6% copper.
- Remaining drilling results for Collerina are imminent
- Airborne magnetics and surface geophysical surveys have defined several regional targets for future soil sampling and drilling programs over the 25km length of the Collerina Copper-Zinc Project.
- A diamond drilling program at the Cobar Gold Project which resulted in excellent high grade results at the Good Friday and Boundary Prospect.
- The Cobar Gold Project covers an historic goldfield over 5km's wide with multiple gold prospects and targets. High grade gold zones of a similar style appear to exist across the goldfield.
- A 3,500m drilling program was completed at the Joshua Copper Project by EPG Exploration Fund. Large widths of copper mineralistionwere intersected in the program.
- Helix retains 100% ownership of the Joshua Copper Project
- An over-subscribed placement was completed by EurozSecurities in April 2016 which funded increased exploration activity in New South Wales.
- This was the first capital raising by the company since July 2014
- Your Company was awarded NSW Explorer of the Year 2016 for the Collerina Copper Discovery
Helix's key objective in 2017 will be to advance its copper and gold projects in New South Wales
The Company will be conducting a VTEM survey over the 25km long Collerina Copper-Zinc Project in early December 2016.
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About Helix Resources Limited
Helix Resources Limited (ASX:HLX) is a successful minerals exploration company focused on the identification, acquisition and development of projects in prospective jurisdictions with established infrastructure.
The Company's main focus is the exciting Collerina Copper-Zinc & Cobar Gold Projects both located in Central NSW. The Company's key objective for 2017 is to advance these discoveries.
Helix's Board and Management team are focused on creating opportunities to increase shareholder value from the quality assets in the Company's project portfolio.
Helix Resources Limited