Helio Resource Corp (TSXV:HRC) reported new assay results from diamond and reverse circulation drilling at the Gold Kop target, part of the Damara Gold Project in central Namibia.
As quoted in the press release:
Four main styles of mineralisation have been identified at Gold Kop so far:
- Bulk-tonnage disseminated mineralisation hosted by calc-silicate altered dolomite.
- High-grade massive sulphide mineralisation (includes Cu+Ag)
- Auriferous quartz veining discordant to bedding, and
- Mineralised igneous dykes
These drill results, which demonstrate the presence of large volumes of mineralised material, with higher-grade zones occurring within the disseminated material, suggest a large mineralised system is present. Only a fraction of the available strike length of the folded dolomitic horizon has been tested to date (1.5km of a currently mapped total of 8.5km).
The company has recently completed a geophysical survey programme (ground magnetics and induced polarisation [IP]) over the entire Gold Kop trend (3km x 1km). The survey identified seven additional anomalous areas for follow up work. All had similar geophysical responses to the main area drilled by Helio to date, and these remain to be tested.