Helix Resources (ASX:HLX) has intersected shallow copper mineralisation at its Canbelego copper project, highlighting 51m of weak to strong chalcopyrite (copper sulphide mineral) veins from 84m including 2m of semi-massive chalcopyrite from 104m.
Helix Resources says the zone, in New South Wales, extends about 120m along strike to the south of the historic workings, with mineralisation open towards the workings.
It also says whilst assays are pending, the observations are encouraging for important extensions of mineralisation which could add to the tonnes and grade of the existing 2010 Inferred Mineral Resource Estimate of 1.5 million tonnes at 1.2% Cu.
Helix Resources shares closed up 12.5% today.