Helix Resources (ASX:HLX) is shifting its focus to the 1.6km-long Bijoux copper prospect with plans to undertake auger infill drilling.
The move follows completion of downhole electromagnetic (DHEM) geophysics at the Canbelego Project in New South Wales.
The company completed DHEM geophysics on two drillholes into the western chargeable anomaly, which did not detect massive sulphides within 100 to 200m of the drillholes.
Helix, which has a market capitalisation of $9.79 million, says any future drilling should be targeted at least 200m along strike or down dip from the area tested by the two drillholes.
Assays and petrophysical results for the two drillholes remain pending and are expected to be received in the coming weeks. These results will be used to evaluate the prospectivity of the mineralisation structure.
Managing Director Kylie Prendergast says while the company waits for the results, the focus will shift to Bijoux, where a well-developed surficial copper anomaly has seen limited drill testing.
“The first step will be to infill the current wide-spaced reconnaissance auger coverage to enhance targeting in the Bijoux anomaly,” she says.
“In the meantime, Helix continues to progress other priority prospects, including at the Eastern Group Tenements where Helix has several priority targets in its pipeline which we believe have potential to deliver a new copper-gold discovery in the highly endowed Cobar region close to established operations and processing facilities.”
The Canbelego joint venture is part of Helix’s Western Group Tenements, which comprises 30km of contiguous strike.
Helix Resources is a copper-focused explorer which holds a sizeable landholding across three tenement groups that lies within 50km of copper producing operations.
Write to Aaliyah Rogan at Mining.com.au
Images: Helix Resources
