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Highlights
- Helix Resources Ltd expands copper mineralisation at Bijoux in New South Wales.
- Recent drill program reveals promising copper grades, extending the known strike by 290 meters.
- Bijoux prospect shows potential to add substantial resources near the Canbelego mineral resource.
Helix Resources Ltd (ASX:HLX) has announced promising developments at its Bijoux prospect, located in central New South Wales, with significant extensions in copper sulphide mineralisation. The recent reverse circulation (RC) drilling campaign uncovered an additional 290 meters of copper-rich zones, underscoring the potential of Bijoux as a substantial copper source within the region.
The RC drilling program consisted of eight holes, covering a total of 1,440 meters, all of which encountered copper mineralisation. Notable intercepts included high-grade findings, such as two meters at 2.92% copper (Cu) within a broader zone of 26 meters at 0.58% Cu from a depth of 84 meters, as well as two meters at 1.83% Cu within a ten-meter interval at 0.72% Cu from 132 meters. Another intercept featured two meters at 1.73% Cu within four meters at 1.06% Cu, also from a depth of 132 meters.
These drilling results highlight the presence of high-grade copper at Bijoux, contributing to its growing status as a potentially significant copper deposit. Helix Resources interprets the Bijoux prospect as a CSA-style copper deposit, a classification known for high copper concentrations. Additionally, Bijoux’s location—just nine kilometers from the company’s Canbelego mineral resource—underscores its strategic value. Canbelego holds an estimated 1.83 million tonnes at 1.74% Cu, with a total of 31,800 tonnes of contained copper based on a 0.8% Cu cut-off grade.
Kylie Prendergast, Managing Director of Helix Resources, expressed optimism about the results, citing the high copper grades and the expanded strike length at Bijoux. Prendergast noted that the prospect remains open for further exploration both at depth and along strike, with plans in place for additional drilling to assess its full potential. She also credited Helix's systematic exploration approach, which combined geochemical analysis with follow-up auger and RC drilling, as essential in advancing the company's copper exploration strategy within the Cobar Basin.
As part of its broader Cobar tenements, the Bijoux prospect illustrates the potential for future copper discoveries within the area. This project reflects Helix’s commitment to leveraging the mineral-rich characteristics of the Cobar Basin through careful exploration and targeted drilling. Helix Resources Ltd currently trades at 0.4 cents, offering stakeholders insight into a company advancing within one of Australia's renowned copper regions.
