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Heliostar Drills 56.6 Metres Grading 2.88 g/t Oxide Gold from 68 Metres at the La Colorada Mine, Sonora, Mexico
HIGHLIGHTS: 56.6m grading 2.88 g/t gold from 68m 23.2m grading 14.4 g/t gold from surfac...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Drills 56.6 Metres Grading 2.88 g/t Oxide Gold from 68 Metres at the La Colorada Mine, Sonora, MexicoHIGHLIGHTS:56.6m grading 2.88 g/t gold from 68m 23.2m grading 14.4 g/t gold from surface (including 0.85m grading 381 g/t gold) 4.05m grading 17.8 g/t gold from 136m 8.7m grading 6.68 g/t gold from 56m18.85m grading 3.54 g/t gold from 95mDeeper drilling at the Creston Pit shows a combination of wide intervals and high gradesResults will be incorporated in an updated technical study for La Colorada expected to be released mid-2025 The focus of drilling at La Colorada will shift to stockpiles and then high-grade veins beneath and along strike from the open pitsVancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased to announce additional results from an expanded 16,211 metre drilling program at the La Colorada Mine in Sonora, Mexico. La Colorada restarted production in early January 2025, and the current drill program is intended to expand the mineral reserves ahead of an updated technical report and expansion decision planned for mid-2025.Heliostar CEO, Charles Funk, commented, \"The turnaround at La Colorada has been a real strength for Heliostar. In the three months since the acquisition, the Company has restarted production and established a mine life of 6.5 years. This drill program has returned a powerful combination of wide gold intervals and high-grade veins, leading to our expanding the program to a total of 104 drill holes. The intervals reported to date are intended to drive stronger economics in an updated technical report planned for mid-2025. A new drilling program at La Colorada will now focus on defining additional mineralized material from historic stockpiles, which we believe can quickly be brought into production. We will then pivot to exploration for underground targets in the second half of the year.\" Drill Results SummaryMineralization at La Colorada's Creston Pit is predominantly hosted in three veins: the North, Intermediate and South Veins (Figure 1). These veins trend northeast-southwest to east-west, dip northward and are surrounded by halos of smaller mineralized veins. The Creston Pit has historically mined oxide gold and silver from all three of these veins. A current Probable M...