Encouraging preliminary VTEM interpretation results for Helix Resources at Cobar region

Southern Geoscience Consultants are pleased to report encouraging preliminary VTEM interpretation results – Helix Resources Limited (ASX:HLX) – Cobar region.

Regional-scale VTEM surveying has identified 24 high priority copper targets along the combined ~120kms of prospective copper trends which host Helix’s existing Central Zone (CZ) and Canbelego copper resources.

EM is a proven ‘discovery tool’ for copper in the Cobar region with the previous 20% EM coverage of Helix’s overall ~120 kms of copper-prospective trends clearly highlighting both the Canbelego and CZ deposits as discrete EM anomalies.

Helix has commenced surface and downhole EM surveys to better define target zones on several of these high-priority targets. Immediate follow-up drilling is planned to commence April 2021.

SGC Consultant Geophysicist Russell Mortimer is managing the follow-up surface and downhole EM.

Helix Resources VTEM interpretation results