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Heliostar Commences Drilling of the High Grade Gold Panel at the Ana Paula Deposit, Mexico
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2023) - Heliostar Metals Limited (TSXV: ...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Commences Drilling of the High Grade Gold Panel at the Ana Paula Deposit, MexicoVancouver, British Columbia--(Newsfile Corp. - April 19, 2023) - Heliostar Metals Limited (TSXV: HSTR) (OTC Pink: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased to report that drilling has commenced at the Ana Paula Deposit in Mexico. This follows the re-scoping plans announced on April 3, 2023. Heliostar CEO, Charles Funk, commented, \"Heliostar continues to move rapidly with our re-scope of the Ana Paula deposit. By focussing on the High Grade Panel at the core of Ana Paula, we believe we can considerably improve the project economics by changing from an open pit mine plan to an underground gold mine plan. The current drill program is expected to increase both the size and grade of the Ana Paula reserve and resource. Further, the information gathered will also be used to guide mine and mill designs. First results are expected by the end of May. These are key first steps in delivering on the 2023 catalysts for Heliostar's shareholders.\"2023 Drill Program for Re-Scoping Ana PaulaHeliostar Metals' 2023 Ana Paula drill program endeavors to achieve three goals: Increase the size and grade of the resource and reserve.Provide the geotechnical information required to complete underground mine planning.Provide metallurgical samples testwork designed to improve gold recovery and simplify the mill flow sheet. The program will consist of 3,000 - 3,600 metres (m) of drilling in 16 - 24 drill holes. Drilling will utilize large diameter, PQ-sized, core to provide adequate sample mass for metallurgical testing. Drill holes will target the High Grade Panel at the center of the Ana Paula deposit, with a combination of growth and infill targets to be tested.As noted in the April 3, 2023 press release, the High Grade Panel contains wide, historic intercepts of superior grade, including:231 m grading 7.5 grams per tonne (g/t) gold120 m grading 11.2 g/t gold81.1 m grading 14.5 g/t gold57.6 m grading 18.6 g/t gold63.4 m grading 15.3 g/t gold Based on the current geological model, the company believes there is potential to add up to an additional 100m to the current 250 metre strike length of the High Grade Panel. Volume increase is possible both up and down plunge of the current mineralized panel (Figure 1). Furthermore, the High Grade Panel ...