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Helix Resources Limited ( (AU:HLX) ) has issued an announcement.
Helix Resources Limited has announced significant findings from its drilling activities at the Gold Basin Project in Arizona, revealing wide intervals of oxide-gold mineralization. These results suggest a substantial resource upgrade potential, with the mineralization being suitable for open pit mining and showing excellent recovery rates in preliminary metallurgical tests. The project, which Helix has a 40% stake in, is strategically positioned in a region known for world-class porphyry copper deposits and multi-million-ounce gold deposits, offering significant exploration upside and growth opportunities for the company.
More about Helix Resources Limited
Helix Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that target gold and copper deposits, particularly in regions known for their rich mineralization such as the Arizona Arc and the Walker Lane gold trend.
Current Market Cap: A$6.73M
Learn more about HLX stock on TipRanks’ Stock Analysis page.