New Canbelego drilling campaign

contributed photo of a drillcore

Helix Resources Ltd has commenced a new drilling campaign targeting highly prospective IP anomalies at the Canbelego copper project, east of Cobar.

The Canbelego Joint Venture project is located within part of Helix’s Western Group Tenements.

Helix’s Managing Director, Dr Kylie Prendergast said the new ‘far’ Western Canbelego target is the largest and strongest IP anomaly they have identified to date.

“The commencement of a new drilling campaign is always exciting and I am very interested to see what we unearth by testing this large-scale, chargeable and as-yet undrilled target,” Dr Prendergast said.

“This program is testing for new Cobar-style deposits which often feature as parallel lodes of copper mineralisation, such as those seen at Metal Acquisition Limited’s large, high-grade CSA copper deposit.

“Helix believes that the Canbelego copper deposit is analogous to the CSA copper deposit, with three separate high-grade copper lodes already identified in drilling to date.

“Whilst we wait for the first assays from the Canbelego drilling, expected in late June, we are continuing infill auger drilling for gold at our Eastern Group Tenements.

“We plan for a strong stream of news from this highly active period,” Dr Prendergast said