Helix Resources (ASX: HLX) has intersected 19.45 metres at 2.04% copper, 1.06g/t gold and 550ppm Mo from 85.05 metres in DDHHU-001, which is the maiden diamond drill hole at the Blanco Y Negro Mine Prospect.
The drilling confirms the presence of high grade copper and associated gold and molybdenum in a zone of brecciation and veining hosted in andesitic volcanics with a strike exceeding 500 metres. This result confirms the prospectivity of the target in a region with good infrastructure.
Downhole geophysics (EM) will be undertaken in DDHHU-001 to isolate off-hole massive sulphide
conductors with the mineralised intercept including a 0.45 metre zone of massive chalcopyrite, chalcocite and pyrite zone returning 17.21% copper, 10.43g/t gold and 5341ppm Mo.
Artisanal workings and sub-cropping gossan on mineralised structures have been mapped over +500 metres of strike.
An additional 2,000 metres of drilling is being prioritised and expected to commence next month to assist in defining the potential strike and the down dip extent of mineralisation.
DDHHU-002 located east of the main high-grade target zone was drilled to intersect a chargeable IP anomaly at depth. The hole intersected a pyrite–rich brecciated intrusive with the best gold result of 4 metres at 0.4g/t gold from 14 metres and anomalous copper up to 0.46% copper returned from 2 metres sampling.
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