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Heliostar Drills 46.0m Grading 13.4 g/t Gold Within 129.2m Grading 6.0 g/t Gold at Ana Paula, Mexico
Highlights: Hole AP-23-293 129.2 metres @ 6.0 grams per tonne (g/t) gold including; 46....
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Drills 46.0m Grading 13.4 g/t Gold Within 129.2m Grading 6.0 g/t Gold at Ana Paula, MexicoHighlights:Hole AP-23-293 129.2 metres @ 6.0 grams per tonne (g/t) gold including;46.0 metres @ 13.4 g/t gold including;28.5 metres @ 17.4 g/t goldHole AP-23-294 (drilled above the High Grade Panel)13.95 metres @ 6.4 g/t gold;The results from AP-23-293 are the most significant reported in Heliostar's reassessment of the High Grade Panel. They infill a gap in the resource to connect a now continuous 195-metre-long strike length of drill hits with more than 15 grams per tonne of gold.Vancouver, British Columbia--(Newsfile Corp. - June 12, 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. These four holes continue to assess mineralization within and above the High-Grade Panel at the core of Ana Paula. This is the area of the deposit that Heliostar believes has the potential to increase grade significantly. This drill program will evaluate Ana Paula's ability to host a high-margin, underground gold mine development opportunity. Heliostar CEO, Charles Funk, commented, \"The key to our vision for Ana Paula's future is to define high-grade, underground-minable gold mineralization. The current drill program's exceptional intercepts reinforce this view. The results from hole AP-23-293 illustrate the potential with a 139% increase in grade relative to the current resource model, at a >5 g/t cut-off grade. This hole fills a gap in the historic model. It connects a continuous 195-metre-long strike length of drill hits with more than half an ounce of gold per tonne (15 g/t). The crew on site has moved to drill-test the up-plunge target next. This target has the potential to extend the strike length of the High Grade Panel.\"Ana Paula is an advanced gold project with over US$75M in recent exploration and development expenditures. These drill results are a critical part of re-scoping the Ana Paula project's economics as an underground mine. The re-scoping program includes drilling, underground mine design, geometallurgical optimization studies and a resource update all of which will be delivered in 2023. The Company believes this program will deliver a technically simpler project with better economics and ...