https://newsletter.mw.creamermedia.com
Exploration|Gold|PROJECT|Resources|Drilling
Exploration|Gold|PROJECT|Resources|Drilling
exploration|gold|project|resources|drilling

Helix to earn into Legacy's Cobar project

19th August 2024

By: Creamer Media Reporter

     

Font size: - +

Exploration company Helix Resources has agreed a farm-in joint venture (JV) agreement with Legacy Minerals on the Central Cobar project (EL9511) in New South Wales.

Helix must spend A$2.8-million to earn an 80% interest in EL9511 in three stages. The company must commit to a minimum of 700 m of drilling in the first 12 months.

“The project is strategically located and has a largely untested ground package with excellent geological prospectivity. Situated in a blue-chip position in central Cobar, it encompasses ground directly along the strike from Metals Acquisition’s CSA mine and also sits adjacent to and along strike from Aurelia Metals’ Peak Gold Mine,” said Legacy CEO and MD Christopher Byrne.

He pointed out that the Helix team had extensive knowledge in the Cobar region. “Their long-term commitment to the district gives them an edge in the search for Cobar-type deposits and operational efficiencies, and we believe they are the right partner to take the project forward.”

The JV is a “discovery-focused” farm-in that will see generative work and drilling conducted with the goal of unearthing a Cobar-type discovery.

Edited by Creamer Media Reporter

Comments

Showroom

BOVA Safety Wear
BOVA Safety Wear

BOVA cemented their reputation in Africa by delivering high quality engineering through their range of safety footwear. 21 years after producing...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:7.711 7.838s - 127pq - 2rq
Subscribe Now