The results from drilling on the main mineralised zone have returned >1% copper in 6 of the 8 holes drilled, extending the system to a vertical depth of 350 metres.
Importantly, the main mineralised zone is remarkably persistent and its position predictable along a shallow dip and plunge over at least 1,000 metres, and remains open.
The geological controls on the main mineralised zone are now well understood with a foot-wall marker horizon consistently being intersected 10-20 metres below mineralisation.
Helix has signed a service agreement with a contractor for a comprehensive VTEM-Max helicopter-borne geophysical survey to cover the entire 25 kilometres Collerina prospective trend.
The survey is expected to commence in early December and take 4-5 days to complete.
The VTEM-Max survey will fast-track the regional program identifying late-time electromagnetic conductors which will be followed-up with detailed close-spaced surface geochemistry sampling.
Where coincident electromagnetic and geochemical anomalies are identified, first-pass drilling will test for associated copper mineralisation.
Last month, Helix received significant high-grade gold assays from drilling at the Good Friday and Boundary Prospects, part of the Cobar Gold Project in New South Wales.
The company had a cash balance of $1.75 million as at 30 September 2016.