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Heliostar's First Hole at Aquila Returns 5.56 g/t Gold over 5.75 Metres Within Wide, Shallow Intercepts at the Unga Project, Alaska
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2021) - Heliostar Metals Limited (...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar's First Hole at Aquila Returns 5.56 g/t Gold over 5.75 Metres Within Wide, Shallow Intercepts at the Unga Project, AlaskaVancouver, British Columbia--(Newsfile Corp. - February 23, 2021) - Heliostar Metals Limited (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG) (\"Heliostar\" or the \"Company\") is pleased to announce complete results from hole AQ20-01 at the Aquila target in the Unga project, Alaska. The company reported partial results for this drill hole in its November 23, 2020 press release. These complete results add a second zone of mineralization that significantly expands the mineralized interval at Aquila. Mineralization is open at depth and along strike in both directions.Drilling HighlightsAQ20-01 4.46 grams per tonne (g/t) gold over 3.6 meters (m) from 37.55 m downhole, and2.24 g/t gold over 17.37 m from 46.63 m downhole including;5.56 g/t gold over 5.75 m from 50.25m downholeNote: All numbers are rounded and widths represent downhole lengths. True thickness is estimated at 35-90% of downhole thickness.Heliostar VP of Exploration Sam Anderson commented, \"The Aquila target is a new zone and hitting such a wide, shallow interval of gold mineralization in the first hole opens up an entirely new and exciting area of exploration at Unga. Aquila, located 6km southwest of the SH-1 resource, along the same vein and with outcropping gold mineralization over 850m, is one of the high potential exploration targets identified and drilled in 2020. Due to the temperate climate of the project, the company will recommence drilling in late March and stepping out from this discovery hole will be a priority for the 2021 program.\"Aquila TargetThe Aquila target is a series of outcropping epithermal quartz veins located along the Shumigan vein trend. Heliostar targeted the area because historic work showed multiple areas of outcropping mineralization whilst limited, widely-spaced drilling did not match surface results.In the early 1980s, a UNC Teton Exploration Drilling Inc.-operated program discovered the area and defined multiple veins over a 1,000 metre by 500 metre area within an interpreted zone of structural dilation. Trenching along the main vein zone returned a best result of 11.48 g/t gold and 53.47 g/t silver over 3.66m (The qualified person has not been able to independently verify the historical assay results presented abov...