Southern Geoscience Consultants would like to congratulate Helix Resources Limited (ASX: HLX) with their initial success at the Canbelego prospect with the discovery of well-developed copper sulphide mineralisation. CANND001 intersected a 24m thick sulphide interval of typical Canbelego style copper sulphide mineralisation from 257m DH comprising discrete zones of disseminated chalcopyrite and veining. CANDD002 successfully extended this zone of copper-sulphide mineralisation a further 80 metres down dip from 348m DH – notably intersecting discrete zones of massive and semi massive chalcopyrite as well as veins and disseminated chalcopyrite within the overall 29.5 metre interval. Within the sulphide interval a 6.8 metre thick zone of banded massive sulphides is interpreted to be the conductive horizon detected from the various EM surveys. A second upper copper zone in the hanging wall of CANDD002, between 90-120m DH, has also been intersected.
Downhole EM (DHEM) surveys from both drill holes have indicated presence of off-hole conductors with target modelling now underway.
SGC Consultant Geophysicist Russell Mortimer is managing the regional geophysical efforts and current DHTEM/FLTEM.