Helix Resources Ltd (ASX:HLX) managing director Mike Rosenstreich brings Proactive up to speed on the latest electromagnetic survey results from the Collerina Copper Project in New South Wales.
The prospectivity of four out of five airborne anomalies has been confirmed in a ground geophysics campaign, paving the way for drilling in the not-so-distant future.
Rosenstreich explains how high priority targets are identified from the air and confirmed in the ground, as well as what shareholders have to look forward to as Helix moves in on these new copper targets.
I am surprised and very pleased with the four out of five strike rate confirming airborne EM anomalies with the ground-based surveys, he told investors on Thursday.
I was on site last week and the exploration team is very excited to be building up a significant inventory of copper targets across all our tenements.
Their planning is progressing well, and the company anticipates to be testing these prospects with the drill bit as early as August.
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