Heliostar Metals Ltd. (TSXV: HSTR | OTCQX: HSTXF | FRA: RGG1) has reported additional drill results from its Ana Paula project in Mexico. These two holes have been used to continue to assess mineralization within the High-Grade Panel at the core of the Ana Paula project.
The current drill programme continues to demonstrate higher overall grades over broad widths relative to the current mineral resource and aims to evaluate Ana Paula’s ability to host a high-margin, underground gold mine. The two holes both exceed the resource model’s predicted high grades and extend high-grade mineralization up plunge. Hole AP-23-297 is the longest, highest-grade interval drilled in the history of the Ana Paula project.
“Hole AP-23-297 (242m grading 9.06g/t gold) is an incredible gold intercept that exceeded our expectations. It shows potential to add ounces at higher grade in the up-plunge growth target,” commented Heliostar CEO, Charles Funk.
“Holes AP-23-297 and AP-23-298 are both respectively 33% and 38% increases relative to the current resource model prediction, at a >5g/t gold cut-off grade.”
Highlights included:
- Hole AP-23-297: 241.95m @9.06g/t Au
- including 31.5m @21.5g/t Auincluding 5.00m @51.0g/t Auincluding 35.2m @23.6g/t Au
- including 9.90m @42.4g/t Au
- Hole AP-23-298: 104.1m @6.14g/t Au
- including 19.5m @15.11g/t Au
Hole AP-23-297 was drilled to achieve four objectives. First, to test the up-plunge growth target, which returned an increase in both grade and volume of higher grade in the region. The high-grade material is expected to be readily suitable for underground mining. Then to confirm continuity of mineralization within the panel on a metre-by-metre scale. The new drilling has infilled data between the existing 25-50m spaced holes currently defining the panel.
Third, was to collect a large volume of high-grade mineralization for metallurgical testing, followed by the final objective of adding an east-to-west hole to the geotechnical programme. This was done to reduce orientation bias and identify potentially unidentified faults to incorporate in mine design of which no significant faults were encountered.
The CEO added, “Heliostar is well placed with a recently strengthened cash balance, continued flow of infill and growth drilling results, and impactful metallurgical and geotechnical studies pending. The company continues to tick off the catalysts to deliver the updated resource and re-scope of Ana Paula in 2023.”
For further information, please visit: www.heliostarmetals.com
