Helix Resources reported that the drilling programs designed to test extensions and new EM targets at the Collerina Copper-Zinc project and high-grade gold at the Cobar Gold Project have been delayed due to heavy rainfall and flooding in the Central Western region of NSW.
According to the company, the delays were caused by a rainfall 44% above the state’s average, which is the highest level of rainfall recorded in NSW in two decades.
“The Company has completed the first diamond hole at the Good Friday Prospect at the Cobar Gold Project. The hole was drilled to 93.8m and the core has been transported to the lab, where it was cut and sampled. Assays are pending. Drilling was then disrupted by rain and re-commenced early last week,” Helix told the ASX.
“The second diamond hole at the Boundary Prospect was started, however drilling ceased at 53m after another rain event, which has blocked access to the site. The Company is reviewing conditions daily and will return to site to complete the hole as soon as possible.”
Helix said that rain and subsequent flooding of the Bogan River catchment delayed plans for RC and diamond drilling at the Collerina Copper-Zinc Project, which was due to commence early this week.
“Conditions are being monitored and drilling will commence as soon as access is available,” read the company’s statement.
“Drilling at the Collerina Project is targeting extensions to the high-grade copper-zinc main zone of mineralisation and two new, completely untested EM targets.”