HLX 11.1% 0.4¢ helix resources limited

Glory hole results, page-4

  1. 444 Posts.
    lightbulb Created with Sketch. 349
    Hi Fangulator, from my analysis and interpretation of the HLX announcement dated 13June
    CORCDD090 is already significant, purely from the point of view that it indicates we are
    drilling in the right places and heading in the right direction.
    But! my interpretation of CORCDD090 differs from the majority it seems (3.5cents)..............
    same data different interpretations, go figure , but that's okay I like long odds.

    Diamond-hole CORCDD090, has intersected a massive chalcopyrite zone as well as chalcopyrite-rich stringer zones.
    Two strong off-hole EM conductors (2-3 times typical Central Zone conductance) have been modelled potentially representing a thickening or increase in copper tenor nearby. Recent successes are also vectoring drilling toward a large, strong and untested fixed-loop EM conductor located approximately 900m down-plunge.
    Chalcopyrite Information
    Chemical Formula:
    CuFeS2
    Composition: Molecular Weight = 183.53
    Iron 30.43 % Fe
    Copper 34.63 % Cu
    So by definition ,any distance of drill core at 50% chalcopyrite would equal 17.31% cu.
    The great unknowns are ,how long is the massive chalcopyrite zone and what is the % content of the
    massive chalcopyrite.
    The known, a massive chalcopyrite zone by definition wont be low grade.
    Cheers.
 
watchlist Created with Sketch. Add HLX (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
-0.001(11.1%)
Mkt cap ! $13.05M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $1.603K 400.7K

Buyers (Bids)

No. Vol. Price($)
19 29459527 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 35596611 27
View Market Depth
Last trade - 10.04am 08/11/2024 (20 minute delay) ?
HLX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.