News and Announcements
Helix Resources Limited – Significant Copper / Gold Intercepts Chile March 2013
- Published March 07, 2013 2:53PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Maiden diamond drill hole at the Blanco Y Negro Mine Prospect intersected 19.45m @ 2.04% Cu, 1.06g/t Au and 550ppm Mo from 85.05m in DDHHU-001.
The drilling confirms the presence of high grade copper and associated gold and molybdenum in a zone of brecciation and veining hosted in andesitic volcanics with a strike exceeding 500m. This result confirms the prospectivity of the target in a region with good infrastructure.
Downhole geophysics (EM) will be undertaken in DDHHU-001 to isolate off-hole massive sulphide conductors with the mineralised intercept including a 0.45m zone of massive chalcopyrite, chalcocite and pyrite zone returning17.21% Cu, 10.43g/t Au and 5341ppm Mo. Artisanal workings and sub-cropping gossan on mineralised structures have been mapped over +500m of strike. An additional 2,000m of drilling is being prioritised and expected to commence next month to assist in defining the potential strike and the down dip extent of mineralisation.
To read a full ASX announcement, please download the document below.
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