Helix Resources (ASX:HLX) is lining up step out drilling as part of a ‘major’ drilling program in March this year to test further targets in the Rochford Copper Trend in the Cobar-Nyngan region of central New South Wales.
The $9.29 million market capitalisation company says drilling is being planned after making a new 200m north-northwest trending copper discovery at the Bijoux prospect following a scout reverse circulation (RC) drilling program.
Drilling comprised 9 RC holes and was designed as part of an ‘aggressive’ target generation and testing program aimed at making new copper and gold discoveries in the area.
The discovery is interpreted to be open at depth and along strike.
Key results include hole BJRC012 with 36m @ 0.99% copper (Cu) from 41m including 6m @ 1.99% Cu from 62m; and hole BJRC010 with 10m @ 1.48% Cu from 182m including 2m @ 5.76% Cu from 184m.
The company notes results from the recent drilling, in conjunction with the discovery of the new discovery, validate and enhance the ‘high-grade’ copper potential of the 30km Rochford Copper Trend.
Executive Technical Director Kylie Prendergast says the results have put a fresh sparkle into a historic prospect.
“This is an important discovery with wider ramifications as it further validates and enhances the high-grade copper potential of the Rochford Copper Trend beyond our Canbelego mineral resource located 9km to the north.
The exploration team is working diligently to unravel the copper mineralisation in the Rochford Trend. These Bijoux results are a tremendous start for the year and bode well for a major 2024 drill campaign currently being planned. We are lining up a series of targets for drill testing on the Rochford Copper Trend, on new emerging trends and the eastern Collerina Trend.”
Helix Resources is an ‘all-in on-copper’ explorer operating in the prolific copper producing region of Cobar, NSW.
As of 30 September 2023, Helix Resources had $4.214 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Helix Resources
