Helix Resources (ASX:HLX) has kicked off a drilling campaign to test a priority geophysical anomaly at the Canbelego Copper Project in New South Wales.
Up to 3,000m of drilling will be undertaken at a 625m-long, previously-undrilled target to the west of the Canbelego resource.
Managing Director Dr Kylie Prendergast says the new prospect is considered the largest and strongest induced polarisation (IP) anomaly identified at the project to date.
“This program is testing for new Cobar-style deposits which often feature as parallel lodes of copper mineralisation, such as those seen at Metal Acquisitions (ASX:MAC) large, high-grade CSA copper deposit,” she says.
“Helix believes that the Canbelego copper deposit is analogous to the CSA copper deposit, with three separate high-grade copper lodes already identified in drilling to date.”
Initial drilling results are expected late next month. In the meantime, further target definition work will continue south along the Rochford Trend at the Bijoux and Cabalero prospects.
Helix recently completed an IP survey northwest of Canbelego, which extended the target zone for new copper lodes immediately adjacent to the Canbelego main lode resource.
The Canbelego joint venture project is owned by Helix and Aeris Resources (ASX:AIS) and lies within Helix’s Western Group Tenements in the Cobar-Nyngan region of NSW.
Helix Resources is a resources explorer focused on making discoveries in the prolific copper producing region of Cobar, New South Wales.
Write to Aaliyah Rogan at Mining.com.au
Images: Helix Resources
