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Heliostar Defines Growth Targets Including a Parallel Panel at Ana Paula, Mexico
Highlights: Drill results identify a Parallel Panel target located ~50 metres north of the ...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Defines Growth Targets Including a Parallel Panel at Ana Paula, MexicoHighlights:Drill results identify a Parallel Panel target located ~50 metres north of the High Grade Panel with mutiple high grade intercepts:38.0m grading 6.95 grams per tonne ('g/t') gold including 6.0m grading 23.3 g/t gold4.0m grading 10.7 g/t gold2.0m grading 13.6 g/t goldDeep Expansion Zone beneath the High Grade Panel with open intercepts:13.5m grading 29.1 g/t gold40.0m grading 6.30 g/t goldNew West Breccia target with gold mineralization and a pathfinder element signature as strong as the High Grade PanelSan Luis Target, a large jasperiod/vein zone with open gold drill intercepts and untested high gold grades (3.0 m grading 11.35 g/t gold) on surfaceDrilling to test new targets commencing in September, 2023Amended Ana Paula acquisition agreement deferring next payment to earlier of Feasibility Study or 2025Vancouver, British Columbia--(Newsfile Corp. - September 7, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased to introduce new growth targets at the Ana Paula project in Mexico (\"Ana Paula\" or the \"Ana Paula Project\"). The recent drill program has improved the understanding on the controls on mineralization at Ana Paula. The Company has generated these targets through a combination of new data and review of historic information. Heliostar CEO, Charles Funk, commented, \"To date in 2023, the team has been focussed on delivering the re-scope goals set out by the Company for the High Grade Panel at Ana Paula. We have made significant progress so far. Now the Company can build on this foundation to demonstrate the resource growth potential of the Ana Paula project. That starts with the significant recognition of a Parallel Panel just fifty meters north of the High Grade Panel. It opens a well mineralized new target for expansion drilling. In addition, the West Breccia, Expansion Zone, and San Luis targets are the highest priorities from a pipeline of growth targets at Ana Paula. The team will prioritize the Parallel Panel and the West Breccia targets for drilling this month.\"Growth Target IdentificationThe Company's understanding of Ana Paula has built on the work of previous operators. This process led to an evolution in the understanding of controls on gold mineralization...