Helix Resources Limited reported preliminary reconnaissance gold results from its first pass drill assessment of several new gold targets completed in late 2020. Highlights: Preliminary 4 metre composite sample assays received for 15 RC drillholes, totaling 1,768 metres testing 7 new target zones. Anomalous gold assays were returned from several prospects including: Wide anomalous interval in the `link-zone' between the Sunrise and Good Friday deposits. Several anomalous `bottom-of-hole' assays highlighting the need for further work Of the 15 holes drilled in this program, 10 have returned anomalous gold of greater than 4 metres @ 0.1g/t Au. A thorough review of all results from the recent gold exploration work will be undertaken in the current quarter to determine future exploration work. A reverse circulation (RC) drilling program at Helix's 100% owned Cobar Gold Project was completed in the second half of 2020. This phase of the program was "scout-style" drilling, the first undertaken at the 7 new prospects within the area known as the Battery Tank Goldfield. The objective of the second phase of this program, which is the subject of this report, was to test for evidence of bedrock gold mineralisation beneath previously untested geochemical and structural gold targets that included numerous old workings. Gold assays for preliminary, 4 metre composite samples, were received recently and for several of the targets confirm the potential for gold mineralised systems; In the link-zone, between the Sunrise and Good Friday deposits two intercepts have defined a broad gold anomalous zone of 27 metres at 0.1 g/t to the bottom of the hole and 12 metres at 0.5 g/t comprising a possible vector to a mineralised structure connecting these two shallow gold deposits; New anomalous zones identified in `bottom-of hole' samples grading greater than 4 metres at 0.1 g/t Au in several regional prospects and broad zones of anomalous gold are positive signals that nearby high-grade structures may be present. Exploration is targeting high-grade gold deposits such as the Peak deposit located 30 km to the northwest, with an overall gold endowment of approximately 4 million ounces (owned and operated by Aurelia Resources Ltd). This deposit style has a short horizontal (strike) extent, but a large vertical dimension ­ which makes surface detection challenging, and reliant on defining the host structures within anomalous gold halos. Follow-up work on the past 6 months data needs to be completed to determine whether these and previous results are supportive for the discovery of this style of deposit. A drill program at the Cobar Gold Project completed in late 2020 drilled seven previously untested targets, comprising 15 RC drillholes for 1,768 metres. Linkage Zone - significantly, two holes drilled in the 260-metre gap between the Sunrise and Good Friday deposits both intersected anomalous gold mineralisation from shallow depths; CORC146 returned anomalous gold in 4 metre composite samples from 172 metres (27m @ 0.1g/t Au) to the end of hole. At 130 metres below surface this intercept is in primary mineralisation and may be an indication of a second lithological gold mineralised position below drilling to date. CORC147 returned 12 metres @ 0.5g/t Au from 68 metres, which will be subject to 1 metre riffle split sampling. Regionally - CORC151 has returned 8 metres @ 0.1g/t Au from 112 metres to the end of the hole at the Girl in Blue prospect and CORC157 has multiple zones including 40 metres @ 0.1g/t Au from 8 metres and 4 metres @ 0.1gt Au from 144 metres to the end of the hole at the Republic East Prospect.