Helix Resources (ASX:HLX) has begun a reverse circulation (RC) drilling program to test a copper anomaly and confirm previous drill intercepts at its Bijoux prospect in New South Wales.
All up, Helix plans to drill up to 15 holes for 3,000m: an initial 8 holes for 200m and an additional potential 7 holes, also to 200m, to infill or extend any significant mineralisation or alteration struck.
Helix, which has a market capitalisation of $9.29 million, expects the program to take between 4 to 6 weeks, with initial assays to start rolling in from mid-late December 2023.
Previous extensional and infill auger sampling at Bijoux confirmed and ‘significantly’ upgraded a previous portable X-ray fluorescence (pXRF) auger anomaly in scale and tenor.
The company reports the anomaly is currently defined by 98 auger samples with an average of 68 parts per million (ppm) Cu, with peak values of 730ppm Cu and 429ppm Cu.
Helix Resources Executive Technical Director Dr Kylie Prendergast says much of the ground within Bijoux is underexplored, and the company has taken a ‘modern, methodical, and thorough’ approach to uncovering new copper and gold discoveries.
“Our recent auger sampling work along the Rochford Trend, such as Bijoux with the multi-element analyses and geological mapping, has enhanced this anomaly in terms of copper tenor and larger scale.
In fact, it has many similarities to the anomaly associated with the Canbelego Main Lode mineral resource which hosts 32,000 tonnes of copper.
“Our recent auger sampling work along the Rochford Trend … has enhanced this anomaly in terms of copper tenor and larger scale”
We are very fortunate to have drill rigs reasonably available to use to regularly test the targets we are generating, and we are very pleased to be starting this program at Bijoux today.”
Helix Resources is an ‘all-in on copper’ explorer focused on making discoveries in the producing region of Cobar, New South Wales.
As of 30 September 2023, the company had $4.2 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Helix Resources
