Independent Investment Research – Helix Resources Limited (ASX: HLX)
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Home Articles Research Reports

Independent Investment Research – Helix Resources Limited (ASX: HLX)

By Gavin Wendt, IIR

byThe Assay
2 years ago
Reading Time: 1 min read
Independent Investment Research – Helix Resources Limited (ASX: HLX)

The first hole in Helix Resources Limited’s (“Helix” or “the Company”) recently commenced resource expansion drill programme has intersected 24 m of copper sulphide mineralisation at the 70% owned CSA-style Canbelego Copper Project, located near Cobar in Central Western New South Wales. This was intersected on target, ~40 m down dip from previous drilling. Aeris Resources’ (AIS: ASX, “Aeris”) holds the other 30% in a contributory JV with Helix.

Canbelego is one of two brownfields discoveries made by Helix since commencing operations in the region in 2009 – the other is the 100% held CZ, a volcanic-associated massive sulphide (“VAMS”) copper deposit within the Collerina Copper Trend, interpreted as being on the same trend hosting Aeris’ Tritton group of deposits. Mineralisation at both deposits remains open.

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Tags: ASX:HLX
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