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Heliostar Commences Maiden 5,000 Metre Drill Program at Cumaro, Mexico
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2021) - Heliostar Metals Limited (T...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Commences Maiden 5,000 Metre Drill Program at Cumaro, MexicoVancouver, British Columbia--(Newsfile Corp. - December 8, 2021) - Heliostar Metals Limited (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased to announce that it has commenced a diamond drill program at the 100% owned Cumaro Project in northern Sonora State, Mexico. The Company will conduct a 5,000-metre program that will include the first ever drilling of the newly discovered Verde target. Verde is an outcropping vein system with high-grade gold mineralization. Channel samples contained up to 12.6 grams per tonne (g/t) gold equivalent (10.3 g/t gold and 168 g/t silver) over 5.0 metres and 13.6 g/t gold equivalent (11.9 g/t gold and 130 g/t silver) over 1.65 metres. In addition to the Verde target, the program will also target the Basaitegui Vein Corridor in the western block and the Palmita Vein Corridor in the eastern block (Figure 1).Heliostar CEO, Charles Funk, commented: \"We started getting excited to drill at Cumaro as soon as we made the Verde discovery in September. We increased the size of the program to 5,000 metres, based on the number of targets at our two main areas of focus. The Verde discovery is our highest priority target in Mexico, where we will drill beneath many high-grade channel sample intercepts. We will also test the concept that the eastern half of Cumaro is a down-thrown block. Drilling will continue until April 2022 and we expect initial results early next year. The company is jumpstarting into a very active new year fully funded, with a tight structure and a gold rich portfolio in Mexico and Alaska!\"Cumaro ProjectThe Cumaro project is a five square kilometre claim within the El Picacho district. It hosts the El Salto, Dos Amigos, and Basaitegui Vein Corridors (Figure 1). In addition to those known systems, it holds the recently identified Verde and Palmita Vein Corridors. The current geological model indicates that a fault (white broken line in Figure 1) divides the Picacho-Cumaro district into western and eastern halves. West of this fault, veining and mineralization come to surface. On the eastern side of the fault, only the weakly altered upper portions of the veins come to surface. The geologic interpretation is that the eastern side is downthrown relative to the western side. That means the...