Ann: High Grade Massive Sulphides Expand Collerina, page-2

HIGH GRADE MASSIVE SULPHIDES EXPAND COLLERINA - Drill hole CORC019 has significantly extended the main high grade zone at Collerina, intersecting:  12m @ 5% Cu, 2.1% Zn & 0.5g/t Au from 157m downhole, within 21m @ 3.2% Cu, 1.3% Zn & 0.3g/t Au from 153m (refer Table 1 for full results). - The drill hole is located 250m east of the previous high grade intercept of 14m @ 4% Cu & 1.3% Zn¹ (ref: Figure 1). - This result is the first intercept in primary sulphides and recorded peak assays of 12.6% Cu, 4.7% Zn & 1g/t Au. - This program has extended the strike of the mineralisation to over 500m, with the entire system remaining open. - Mineralisation has been intersected from surface to a depth of 150m, and remains open down dip and down plunge. - Helix is planning further Down Hole EM and a diamond drilling program at Collerina as a result of this exciting development. Helix Resources Limited (ASX:HLX) is pleased to announce significant high grade massive sulphide mineralisation has been intersected in RC Drilling at the 100% owned Collerina Copper-Zinc Prospect in NSW. Drill hole CORC019, targeted extensions of the main high grade zone and intersected 12m @ 5% Cu, 2.1% Zn, 0.5g/t Au & 17g/t Ag from 157m downhole, within 21m @ 3.2% Cu, 1.3% Zn, 0.3g/t Au, 10g/t Ag from 153m (refer Table 1 for full results) in primary sulphides, 250m east of previous high grade intercept in CORC002¹. This result is the first intercept in primary sulphides within the main zone, returning peak assays of 12.6% Cu, 4.7% Zn, 1g/t Au & 39.5g/t Ag in massive sulphides within this intercept. The result extends the strike of the system to over 500m in drilling so far, with the entire system remaining open down dip and down plunge. The RC drilling program was designed to test a priority down hole EM target (located east of previous drilling) and to assess a revised geological model, which now includes a main mineralised zone and a second hanging wall zone(refer to Figure 1 which illustrates the main zone and hanging wall zone). The remaining holes CORC017 and CORC018 were targeting the EM position and intersected the hanging wall zone. Results are pending. As a result of this exciting development, Helix is planning further down hole EM and a diamond drilling program at Collerina