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Heliostar Advances Underground Mining Scenarios at the Ana Paula Project, Mexico
Highlights: The Ana Paula measured and indicated resource contains an average of 5,350 ounce...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Advances Underground Mining Scenarios at the Ana Paula Project, MexicoHighlights:The Ana Paula measured and indicated resource contains an average of 5,350 ounces of gold per vertical metre between 725-950 metres of elevation (immediately below surface)The deposit's favourable orientation, width, and shallow depth make the resource amenable to underground mining configurationsHeliostar is currently reviewing undergound mining scenarios at multiple cut-off grades and potential throughput ratesPotential underground mining scenerios take advantage of the existing 412 metre long, production sized, portal and declineVancouver, British Columbia--(Newsfile Corp. - August 3, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased to report progress on re-scoping of the current Pre-Feasibility Study ( the \"PFS\") at the Company's Ana Paula Project in Mexico (\"Ana Paula\" or the \"Ana Paula Project\") to evaluate potential underground mining scenarios. The Company is evaluating three underground mining scenarios, with different cut-off grades and mining rates, that are being advanced for more detailed evaluation and comparison. All three demonstrate the potential to deliver high grades early and throughout the mine life. Heliostar CEO, Charles Funk, commented, \"We are quickly advancing the re-scoping of Ana Paula towards an underground mine. The High Grade Panel is shallow and wide with a favourable orientation for productive underground mining. The Company is refining three scenarios to choose the approach that maximises the profitability of mining and shortens the timeline to production. One of the keys to achieving this is mining high grades early in the mine life, as compared to the open pit scenario. We will choose the best outcome and work through the Feasibility Study in 2023. We expect further improvements to the mine economics as current analysis does not include the excellent results from Heliostar's 2023 drill program.\"Gold Distribution within the ResourceAna Paula's 2023 PFS measured and indicated resource contains an average of 5,350 ounces of gold per vertical metre between 725-950 metres of elevation (immediately below surface). The zone ranges between a maximum of 8,540 ounces per vertical metre at 775 metres of elevation and a minimum of 1,080 ounce...