Aeris Resources Ltd (ASX:AIS) has welcomed further encouraging copper results returned by partner Helix Resources Ltd (ASX:HLX) at the Canbelego Project in the Cobar region of central NSW.
The initial five-hole drill program undertaken at Canbelego has extended the envelope of copper sulphide mineralisation down-dip and along strike while the assay results from the last three drill holes are pending.
Helix has intersected several intervals of copper mineralisation in the fifth diamond drill hole (CANDD005) at Canbelego, including zones with visual estimates of between 1-3% copper sulphide (chalcopyrite) mineralisation.
Canbelego is a joint venture project in which Helix has a 70% interest while Aeris has the remaining 30% interest.
“Great to kick-off our exploration”
Helix managing director Mike Rosenstreich said: “It’s been great to kick-off our exploration drilling at the Canbelego JV and I’m sure we have extended the mineralisation envelope around the existing Canbelego deposit as well as highlighting the high-grade potential with drilling, but also with the EM targets identified close by.”
Progressing geological logging
Helix is progressing the geological logging of the fifth hole (CANDD005) and has started a downhole electromagnetic (DHEM) survey on July 20, 2020, to further define the broad zones of mineralisation and the more intensely copper mineralised shoot structures for further drilling work.
Rosenstreich added: “The JV is enthusiastic about further testing these opportunities and with new DHEM data and some quality geological thinking time we plan to resume exploration drilling work, probably in September-October.”