Helix Resources Secures Stake in Promising Arizona Gold Project

Helix Resources Limited ( (AU:HLX) ) has issued an update.

Helix Resources Limited has announced a conditional binding agreement to earn a 40% stake in the Gold Basin oxide gold project in Arizona, USA. The project, located in the Tier 1 Walker Lane gold trend, covers six advanced gold targets with an inferred resource of 299,800 ounces of gold. The company plans a resource update in June 2025, incorporating new drill data, and sees potential for low-cost oxide gold heap-leach development. This joint venture is seen as a near-term production opportunity with significant growth potential, aligning with Helix’s strategy to build long-term shareholder value.

More about Helix Resources Limited

Helix Resources Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company is engaged in projects that target gold and copper, with a market focus on expanding its resource base and enhancing shareholder value.

Current Market Cap: A$8.41M

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