HLX helix resources limited

Commenting on the June Quarter 2021, Helix’s Managing Director...

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    Commenting on the June Quarter 2021, Helix’s Managing Director Mike Rosenstreich said:
    “It has been a defining period in Helix’s history with the first two drill holes of the Canbelego program successfully
    intersecting 14 metres at 4.2% copper and 11 metres at 1.1% copper. We hit varying copper sulphides in all 5 drill holes
    and overall, the results from this initial campaign have been pleasing and demonstrate the high-grade potential within
    the overall broader Canbelego copper lode structures. We are now awaiting assay results for three of the holes and look
    forward to getting back drilling at Canbelego later in the year armed with new downhole and surface EM data and
    some quality geological thinking time.
    “We are in the envious position of holding a strong presence in the Cobar region, a proven copper and gold province.
    With this in mind, we are now planning a drilling campaign next month at the exciting Collerina Trend – starting at the
    CZ deposit. This is clearly a major regional copper bearing structure, and we think there is real potential to find deposits
    similar to Aeris’ high grade and long-lived Constellation and Tritton deposits to our north.
    “With cash in the bank following a $4 million capital raise, we are well positioned to accelerate a multi-pronged
    exploration program across our vast array of projects in this premier copper and gold district.”
 
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