Helix Resources is exploring its 100%-owned Eastern Group Tenements located within the prolific Cobar Basin region of central NSW. The tenements (~2,200km2) are located approximately 100km east of the town of Cobar and cover the Collerina copper trend.
Key Regional Structure
The Collerina copper trend is interpreted as a regional-scale structural trend, one of a series of key structural trends within the Cobar basin important for localising copper and vein gold deposits (i.e. Cobar fault).
Confirmed Prospectivity
The prospectivity of the Collerina trend is supported by the presence of the advanced CZ copper deposit, a suite of additional prospective copper and gold targets and the presence of Aeris Resources’ Tritton Copper Operations and recently discovered Constellation copper deposit located along strike directly to the north from Helix’s tenements.
Copper and Gold Targets
Helix has delineated a portfolio of priority copper and gold targets through ambitious systematic exploration programs (large-scale geochemical and geophysical surveys, a revitalised geological framework as well as various drilling techniques). The targets range from early-stage (undrilled robust copper and gold anomalies identified from geochemical surveys) to advanced projects such as the CZ discovery.
The advanced CZ project is hosted in highly deformed serpentinite and Girilambone sediments in a major fault zone within the Collerina trend. Drill testing has confirmed the presence of significant copper sulphides including 11m at 6.6% Cu and 12m at 5.0% Cu.
With considerable exploration momentum, the Company intends to continue to generate and drill its portfolio of copper and gold targets in its Eastern tenements.