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Heliostar Drills 88.3 g/t Gold over 3.05 Metres and 19.3 g/t Gold over 4.57 Metres at Apollo, Unga Project, Alaska
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2021) - Heliostar Metals Limited (TSXV...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Drills 88.3 g/t Gold over 3.05 Metres and 19.3 g/t Gold over 4.57 Metres at Apollo, Unga Project, AlaskaVancouver, British Columbia--(Newsfile Corp. - June 16, 2021) - Heliostar Metals Limited (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased to announce results from the first four drill holes completed at Unga in 2021. The company has three drill rigs on the project and has completed 36 holes for a total of 4,245 metres to date. Drilling Highlights at Apollo APSRC21-02 88.3 grams per tonne ('g/t') gold over 3.05 metres from 21.35 metres ('m') downhole SKRC21-03 (500m to the East) 7.98 g/t gold (10.0 g/t Aueq) over 4.57 metres from 13.72 m downhole and, 1.91 g/t gold (5.20 g/t Aueq) over 4.57 metres from 39.62 m downhole and, 8.65 g/t gold (9.09 g/t Aueq) over 10.67 metres from 54.86 m downhole including; 19.3 g/t (20.1 g/t Aueq) gold over 4.57 metres from 56.39 m downhole and, 10.2 g/t gold (10.3 g/t Aueq) over 1.52 metres from 83.82 m downhole 27 holes have been completed at Apollo, defining parallel veins over a strike length of 725 metres and a vertical range of 140 metres. Mineralization remains open in all directions and drilling is ongoing. Heliostar CEO, Charles Funk, commented: \"These are exceptional results and this discovery at Apollo adds another high grade zone to the Unga project. Apollo was Alaska's first underground gold mine and despite historical reports of continuations of gold and base metal mineralization beyond historic workings, Heliostar is the first company to successfully intersect these veins in drilling. The Apollo-Sitka trend is over two kilometres long and drilling completed to date in 2021 has tested just 725 metres of the trend, with additional assays pending. The company is undertaking a 7,000 metre, fully-funded program with a goal of demonstrating the current resource (384,000 inferred ounces at 13.8 g/t gold1) can grow to greater than 1,000,000 ounces of gold.\" Apollo History The historic Apollo Mine produced approximately 130,000 ounces of gold at an estimated grade of 10 g/t. Ore is reported to have been mined from three closely spaced, parallel veins2. The Apollo vein transitions from gold rich at shallow levels to gold with silver and base metals at depth. 1 - Refer to 43-101 Technical Report titled 'Amended and Restated NI 43-101 Technical R...