Helix Resources Ltd (ASX:HLX) is set to begin drilling new copper targets this month as part of its ongoing exploration efforts in the Cobar-Nyngan copper district as it aims to make new discoveries within an extensive 3,000-square-kilometre campaign.
Several new targets have been prioritised across the company's Eastern and Western tenement groups, creating a pipeline of opportunities for future drilling with the objective of discovering new copper deposits.
August 16 start
The program will kick off on August 16 at the Fiveways target, with the drilling of a diamond hole of around 250 metres.
This target, along with the Hermidale-Quanda areas, has shown promising potential for copper deposits based on ground electromagnetic (EM) surveys completed in June 2023. The EM surveys identified four 'basement conductors’, indicating possible copper mineralisation.
Helix's exploration strategy involves systematic regional geophysical, geochemical and geological work to identify new copper targets and reevaluate historical prospects.
Pipeline of opportunities
Helix managing director Mike Rosenstreich said: “Through this upcoming campaign, Helix will be able to drill test a series of new, compelling targets which represents the culmination of a lot of work by our exploration team and supporting consultants.
“We are creating a pipeline of opportunities to make new copper discoveries through our systematic regional sampling and mapping work.
"The Fiveways and Quanda targets are on the same regional mineralised trend as Aeris Resources’ Tritton copper deposits occurring to our north – several of which, such as their Constellation deposit were also ‘EM’ discoveries.
“Early-stage exploration is very exciting, particularly as Helix moves to testing these targets with the drill bit. No doubt some targets will be eliminated but there is significant opportunity to advance others into discoveries.
“We have many other prospective targets emerging across our tenements which we are building up towards drill testing. On behalf of our team, I look forward to sharing those outcomes over the coming months.”
The company aims to share the outcomes of its drilling campaign and other prospective targets emerging across its tenements in the following months. The company's focus on systematic exploration and drilling marks an important step in its efforts to make significant copper discoveries in the region.