Helix Resources Limited recently announced that the RC drilling program, which consisted of a total of 30 holes for 3,600m using two RC drill rigs across six prospects at the Cobar Gold Project has continued to expand the footprint of near-surface gold mineralization.
Commenting on the project, Managing Director Mick Wilson stated: “The Cobar Gold Project continues to be one of the most encouraging greenfield gold discoveries in the Cobar District. We continue to enhance our understanding of the nature and geometry of these gold systems.”
According to the news release, new gold intercepts have expanded the known prospects – both along strike and at depth— identified further gold structures and highlighted additional gold systems at the regional prospects.
The prospects include battery tank (23m @ 2.0g/t Au from 26m, incl. 5m @ 3.1g/t Au); Good Friday (4m @ 5.0g/t Au within 38m @ 0.8g/t Au from surface & 15m @ 1.0g/t Au from 12m), confirming presence of northeast trending structures at Good Friday; Sunrise (2m @ 5.6g/t Au & 9m @ 1.9/t Au within 32m @ 1.0g/t Au from 8m; 7m @ 2.5g/t Au from 95m), confirming perpendicular structures and depth extensions into fresh rock; Boundary (5m @ 2.6g/t Au within 20m @ 0.9g/t Au from 7m; 11m @ 1.1g/t Au from 108m); and Reward (4m @ 2.5g/t Au within 20m @ 1.1g/t Au from 16m), gold-bearing structure at a new prospect.
“The results from this year’s exploration programs, our proximity to operating mines and the fact that all our discoveries start from, or near to surface, collectively have boosted our confidence in the potential of this emerging gold project,” he concluded.