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Redstar Gold's Cumaro Project is a Key Part of SilverCrest Metals' New El Picacho District in Mexico
(via TheNewswire) Vancouver, Canada - TheNewswire - September 3, 2020 - Red...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Redstar Gold's Cumaro Project is a Key Part of SilverCrest Metals' New El Picacho District in Mexico(via TheNewswire)\n \n \nVancouver, Canada - TheNewswire - September 3, 2020 - Redstar Gold Corp. (TSXV:RGC) US (OTC:RGCTF) (FRA:RGG) (\"Redstar\" or the \"Company\") is pleased to announce that its Cumaro project forms a key part of the El Picacho epithermal district in Sonora, where SilverCrest Metals has just announced the purchase of 7,060 hectares for US$1.6 million plus unpaid taxes1. The Cumaro project is one of a set of high-quality exploration projects added to Redstar's portfolio in August 2020 through the acquisition of Heliodor Metals Limited.\n\n\n \nRedstar CEO, Charles Funk, commented \"Having SilverCrest as our neighbour on three sides in the El Picacho district indicates the potential of Redstar's 100% owned Cumaro project. Cumaro has the south-eastern extensions of the veins from the El Picacho property with drilling right up to the Cumaro boundary. Redstar will be actively exploring Cumaro later in 2020, once the Company has completed the three-drill rig exploration program we recently initiated at Unga in Alaska.\" \n\n\n \nCumaro Project\n\n\n \nThe Cumaro property was purchased outright in mid-2020 by Heliodor Metals, now a subsidiary of Redstar Gold, in return for a 1% NSR payable to Orogen Royalties, of which half can be repurchased for US$1 million. The El Picacho district was recognised by the company for its many outcropping veins over a large area and locally - outcropping veins have significant widths and excellent gold grades. Previous drilling on SilverCrest Metals' Picacho vein, two kilometres north of the Cumaro property, returned intersections including 13.9 metres at 16.22 grams per tonne (g/t) gold and 33.9 g/t silver in hole PDD07-013, and 4.1 metres at 3.86 g/t gold and 35.0 g/t silver in hole DA12-001R1 on the Dos Amigos vein. Readers are cautioned that mineralization on adjacent properties is not necessarily indicative of mineralization that could be hosted on the Cumaro property.\n\n\n \nField mapping and remote sensing work indicates the district is divided into two blocks. In the western block multiple outcropping veins have limited associated clay alteration and are therefore interpreted to represent a deeper level epithermal environment with mineralization exposed at surface. The easter...