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Heliostar Drills 8.32 g/t Gold over 5.52 Metres and 5.13 g/t over 4.42 Metres to Expand the SH-1 Zone at the Unga Project, Alaska
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2021) - Heliostar Metals Limited (...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Drills 8.32 g/t Gold over 5.52 Metres and 5.13 g/t over 4.42 Metres to Expand the SH-1 Zone at the Unga Project, AlaskaVancouver, British Columbia--(Newsfile Corp. - February 18, 2021) - Heliostar Metals Limited (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased to announce results from six additional holes completed at the SH-1 Zone in its 2020 exploration program at the Unga project in Alaska. Heliostar CEO, Charles Funk, commented, \"SH-1 continues to deliver robust widths and high grades as we step out and expand on the historical drilling, particularly in holes SH20-03 and SH20-04. The company is preparing to recommence drilling at Unga in late March to continue infilling and stepping beneath open intersections at the SH-1 zone. Assays also remain pending from the Apollo-Sitka Mine area and the Aquila zone and are expected in later February and early March.\"Drilling HighlightsSH20-03 6.66 grams per tonne (g/t) gold and 11.7 g/t silver over 6.97 metres (m) from 20.0 m downhole including;8.32 g/t gold and 12.0 g/t silver over 5.52 m from 21.45 m downhole including;19.80 g/t gold and 23.3 g/t silver over 2.0 m from 23.0 m downholeSH20-04 5.13 g/t gold and 14.6 g/t silver over 4.42 m from 13.26 m downhole including;11.5 g/t gold and 20.7 g/t silver over 1.58 m from 13.26 m downholeNote: All numbers are rounded and widths represent downhole lengths. True thickness is estimated at 80-85% of downhole thickness.SH-1 ZoneSH-1 is a priority target at Unga. It holds a high-grade, inferred resource containing 384,318 ounces gold at a grade of 13.8 g/t and has significant potential for expansion, with high grade intercepts open along strike and at depth. The resource is centred on the Main Shoot, which is well defined by tightly spaced drilling, but is loosely defined by widely spaced drilling outside of this zone.A 100-metre vertical gap existed between surface and the first historical vein intercepts and in 2020, seven holes were completed to improve our understanding of the rocks around the upper portions of the Main Shoot. The reported holes are 50 metre step outs on previously completed drilling. Based on previous drilling, it was possible to interpret both steep and shallow plunges to mineralization. Holes SH20-02 and SH20-03 suggest a steeper orientation is more likely and this will g...