HLX helix resources limited

Mundarlo Project ?, page-2

  1. 13,794 Posts.
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    @fangulator

    Last time:


    9 February 2018
    Drilling Planned to Commence Today



    13 March 2018
    MUNDARLO JV  Helix has secured 60% project equity by satisfying its earn-in requirements  Three-hole RC program completed with strong alteration noted in logging  Assays pending with petrology also underway on select samples  DHEM surveys commencing this week

    THAT'S ABOUT FOUR AND A HALF WEEKS TO LET YOU KNOW that they have finished drilling.


    29 March 2018
     Down Hole EM surveys have highlighted a well-defined conductor immediately beneath the maiden RC drilling at Mundarlo, NSW.  The EM conductor sits within 100m of the initial RC drilling and is a priority target for immediate follow-up.  Petrographic Studies from Mundarlo RC samples have confirmed:  Initial drilling intersected variably foliated, brecciated and highly altered cherty meta-sediments and meta-volcanics that were likely to have formed in a submarine seafloor environment.  Chalcopyrite present in meta-sediments has been replaced and rimmed by chalcocite – providing evidence for potential high-grade copper enrichment.  The host rocks are likely to have been subject to multiple fluid-flow events and repeated bedding parallel faulting – events that result in good ground preparation for concentrating sulphide related mineralisation.


    And an extra TWO WEEKS TO TELL YOU what they have discovered/confirmed



    So now that we have kicked off the process again:

    6 April 2018
    Drilling Commencing at Mundarlo Copper Project Testing Below-Hole Conductor Defined by Recent Down-Hole EM Surveys



    I'm thinking no speakies to the plebs until sometime in May.



    MI
 
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