Business
Heliostar Drills 33m Grading 16.4 g/t Gold and 9.5m Grading 25.6 g/t Gold, Expands High Grade Panel at Ana Paula
Highlights: Hole AP-23-303 98.0 metres @ 6.46 grams per tonne (g/t) gold including 3.0 m...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Drills 33m Grading 16.4 g/t Gold and 9.5m Grading 25.6 g/t Gold, Expands High Grade Panel at Ana PaulaHighlights:Hole AP-23-30398.0 metres @ 6.46 grams per tonne (g/t) gold including3.0 metres @ 16.4 g/t goldHole AP-23-30485.5 metres @ 4.73 g/t gold including9.5 metres @ 25.6 g/t goldThese intercepts expand the High Grade Panel to 280m of total length from near surfaceRespectively, gold grades in holes AP-23-303, AP-23-304 and AP-23-305 are 14%, 3% and 307% higher than that predicted in the current resource model (at a >5g/t cutoff grade)Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased to report additional drill results from the Ana Paula project in Mexico (\"Ana Paula\" or the \"Ana Paula Project\"). These three holes are the first to assess mineralization down-plunge of the High Grade Panel at the core of Ana Paula. Heliostar CEO, Charles Funk, commented, \"The Ana Paula project continues to deliver exceptional results. Drill results are exceeding expectations at every point. The widths of the intercepts, the consistency in the grades, and the improvements in drill intersections over the PFS resource continue to be impressive. As we better define the limits of the High Grade Panel, today from the down-plunge target area, we believe that there is a clearly significant potential for an increase in total ounces and grade in the upcoming resource update.\"Heliostar continues to deliver on its three-pronged approach to the re-scoping of Ana Paula in 2023: The results announced to date will grow the size of the High Grade Panel in the resource update due in November.The grade distribution shows the potential to mine higher gold grades in the early years, and throughout the mine life. The metallurgical study results are anticipated to be received by the end of September.The Company's initial focus has been on the potential to improve the economics of mining the High Grade Panel. Now the Company plans to introduce new exploration targets within and around Ana Paula to start to unlock the full potential of the district.Drill ResultsResults from this press release are from Heliostar's down-plunge growth target at Ana Paula. Hole AP-23-303 tested a large data gap in the High Grade Panel. The intercep...