Helix resources limited has announced “groundbreaking regional-scale targeting work” for “copper, base gold and metal deposits” in the Nyngan-Cobar region.

Helix has applied for a new 585 sq. km Exploration Licence (EL) prospective for copper discoveries located along strike from the company’s Collerina Copper Trend in NSW. 

This increases the total holding ground in that area to 2900 sq. km. 

Helix Managing Director, Mike Rosenstreich, said he saw a lot of potential in the Nyngan-Cobar region. 



“Its a high grade copper project and it's a prolific mineral belt," he said.   

“This regional exploration work is focused on making new copper discoveries – and we do that by understanding the geological setting of the known deposits,” Mr Rosenstreich, said. 

He said ongoing exploration work identified some “really interesting geological characteristics” which occur just north of Aeris’s Triton Copper Operations. 

Rosenstreich said the geological work had identified certain “signatures” in geological patterns and fitted with the company’s strategy to find make new copper discoveries. 

The Managing Director said the company was not interested in becoming a “land baron” but were “focused on becoming experts in the geology of the Nyngan-Cobar area”. 

Helix’s exploration licence (red), existing area (blue). Image: Supplied 

“Over the past 12 months, we have put boots on the ground and applied the latest geophysical processing techniques to build up a detailed geological model to identify key areas prospective for mineralization” he said.  

“This proprietary copper signature has led us to peg a major new tenement and is enhancing the targeting work on our existing ground. With benign weather and improved land access we are building momentum, lining up new targets for drill testing while work continues on an updated resource statement for the Canbelego Main Lode, which is anticipated prior to the end of the financial year,”

added Rosenstreich. 

While the focus remains on founding new discoveries, Helix managing director Mike Rosenstreich said understanding the surrounding geology would be fundamental to the company’s success. 

“The rocks that host our eastern tenements are referred to as the Girilambone Group – a thick monotonous sequence in which it can be difficult to identify rock types or structures,” he explained. 

“This makes it very challenging to characterise the geological setting for copper deposits and they are much less explored.” 

The company recently began a two-rig auger program over the Collerina and Rochford trends, where geochemical sampling is underway in a multi-month campaign. 

In addition, a fixed loop electromagnetic (FLEM) survey is in progress over targets north of the Collerina Trend, while another FLEM survey is planned in the Fiveways area south of its advanced CZ Project.