Heliostar Drills 71.8 g/t Gold over 16.1 metres in the High Grade Panel at Ana Paula, Mexico
Heliostar Metals announced significant drill results from its Ana Paula project in Mexico. Notable intersections include 87.8 metres @ 16.0 g/t gold including 16.1 metres @ 71.8 g/t gold in hole AP-24-317, and 125.9 metres @ 4.02 g/t gold including 23.6 metres @ 12.5 g/t gold in hole AP-24-315. The drilling program, consisting of 2,600 metres in phase one followed by 2,400 metres in phase two, continues to expand the High Grade Panel to the north and down-dip while increasing resource confidence. Eight holes have been completed totaling 2,860.1 meters, with drilling focus shifting to geotechnical and water testing before returning to resource drilling in 2025.
Heliostar Metals ha annunciato risultati di perforazione significativi dal suo progetto Ana Paula in Messico. Tra le intercettazioni degne di nota ci sono 87,8 metri a 16,0 g/t di oro, compresi 16,1 metri a 71,8 g/t di oro nel foro AP-24-317, e 125,9 metri a 4,02 g/t di oro, compresi 23,6 metri a 12,5 g/t di oro nel foro AP-24-315. Il programma di perforazione, che comprende 2.600 metri nella fase uno seguiti da 2.400 metri nella fase due, continua ad espandere il High Grade Panel verso nord e in profondità, aumentando la fiducia nelle risorse. Otto fori sono stati completati per un totale di 2.860,1 metri, con un focus sulle perforazioni che si sposta verso test geotecnici e idrici prima di tornare alla perforazione delle risorse nel 2025.
Heliostar Metals anunció resultados de perforación significativos de su proyecto Ana Paula en México. Las intersecciones notables incluyen 87.8 metros a 16.0 g/t de oro que incluyen 16.1 metros a 71.8 g/t de oro en el pozo AP-24-317, y 125.9 metros a 4.02 g/t de oro que incluyen 23.6 metros a 12.5 g/t de oro en el pozo AP-24-315. El programa de perforación, que consiste en 2,600 metros en la fase uno seguido de 2,400 metros en la fase dos, continúa expandiendo el High Grade Panel hacia el norte y hacia abajo mientras incrementa la confianza en los recursos. Se han completado ocho pozos sumando un total de 2,860.1 metros, con el enfoque de perforación transfiriéndose a pruebas geotécnicas y de agua antes de regresar a la perforación de recursos en 2025.
Heliostar Metals는 멕시코의 아나 파울라 프로젝트에서 중요한 시추 결과를 발표했습니다. 주목할 만한 교차점에는 87.8미터 @ 16.0 g/t 금이 포함되어 있으며, AP-24-317 구멍에서 16.1미터 @ 71.8 g/t 금이 포함되고, 125.9미터 @ 4.02 g/t 금에서 23.6미터 @ 12.5 g/t 금이 AP-24-315 구멍에서 포함됩니다. 시추 프로그램은 1단계에서 2,600미터, 2단계에서 2,400미터로 구성되어 있으며, 북쪽과 하부로의 고급 패널을 계속 확장하며 자원 신뢰성을 높이고 있습니다. 총 2,860.1미터에 달하는 8개의 구멍이 완료되었으며, 시추 초점은 2025년 자원 시추로 돌아가기 전에 지반 및 수위 시험으로 전환되고 있습니다.
Heliostar Metals a annoncé des résultats de forage significatifs de son projet Ana Paula au Mexique. Les intersections notables incluent 87,8 mètres à 16,0 g/t d'or incluant 16,1 mètres à 71,8 g/t d'or dans le trou AP-24-317, et 125,9 mètres à 4,02 g/t d'or incluant 23,6 mètres à 12,5 g/t d'or dans le trou AP-24-315. Le programme de forage, qui consiste en 2 600 mètres lors de la première phase suivi de 2 400 mètres lors de la seconde phase, continue d'élargir le High Grade Panel vers le nord et en profondeur tout en augmentant la confiance dans les ressources. Huit trous ont été complétés pour un total de 2 860,1 mètres, le focus du forage se déplaçant vers des tests géotechniques et d'eau avant de retourner au forage de ressources en 2025.
Heliostar Metals gab bedeutende Bohrergebnisse für sein Projekt Ana Paula in Mexiko bekannt. Zu den bemerkenswerten Schnittstellen gehören 87,8 Meter @ 16,0 g/t Gold, einschließlich 16,1 Meter @ 71,8 g/t Gold im Bohrloch AP-24-317, und 125,9 Meter @ 4,02 g/t Gold, einschließlich 23,6 Meter @ 12,5 g/t Gold im Bohrloch AP-24-315. Das Bohrprogramm, das aus 2.600 Metern in Phase eins gefolgt von 2.400 Metern in Phase zwei besteht, erweitert weiterhin das High Grade Panel nach Norden und in die Tiefe und erhöht das Vertrauen in die Ressourcen. Acht Löcher wurden insgesamt über 2.860,1 Meter abgeschlossen, wobei der Bohrfokus vor einer Rückkehr zur Ressourcenbohrung im Jahr 2025 auf geotechnische und Wasseruntersuchungen verschoben wird.
- Exceptional high-grade gold intercepts with 87.8m @ 16.0 g/t gold
- Successful expansion of High Grade Panel boundaries
- Potential addition of 20+ metres of gold mineralization beneath High Grade Panel
- Previous indicated resource grade increased by 36% last year
- Drilling program pausing for geotechnical testing before resuming in 2025
HIGHLIGHTS:
- Hole AP-24-317
- 87.8 metres @ 16.0 grams per tonne (g/t) gold including
- 16.1 metres @ 71.8 g/t gold
- Hole AP-24-315
- 125.9 metres @ 4.02 g/t gold including
- 23.6 metres @ 12.5 g/t gold
- Results continue to expand the High Grade Panel and locally increase grades
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce additional results from the 2024 drill program at the
Heliostar CEO, Charles Funk, commented, "Despite regularly seeing wide, high-grade gold intercepts, Ana Paula continues to surprise us with its gold grades within the deposit. These holes grow the High Grade Panel to the north and down-dip, increase resource confidence and locally improve gold grades compared to the resource model. The current drilling program is defining the boundaries of the High Grade Panel and is attempting to convert inferred mineralization into the higher confidence indicated and measured categories. Last year the grade of the indicated resource update increased by
Drill Results
The focus of the holes reported today was to expand the High Grade Panel. Holes AP-24-315 and AP-24-316 are on the same cross-section building out confidence in the northern boundary of the High Grade Panel and extending it to depth.
Hole AP-24-315 intersected a long run of high-grade gold mineralization on the north side of the panel returning 125.9 metres grading 4.02 g/t gold from 104.5 metres downhole. Hole AP-24-316 intercepted 61.5 metres grading 5.04 g/t gold from 168.3 metres, beneath the High Grade Panel. This has the potential to add over 20 metres of gold mineralization beneath the High Grade Panel on this section.
Hole AP-24-316 also intersected a deeper zone of gold mineralization 100 metres below the High Grade Panel which returned a broad intercept of 115.35 metres grading 2.69 g/t gold from 246.8 metres downhole including 12.0 metres at 9.68 g/t gold.
To the west of these holes AP-24-317 was drilled with the same plan of defining the northern margin of the High Grade Panel and extending it down-dip. It returned a spectacular interval of 87.8 metres grading 16.0 g/t gold from 141.0 metres downhole. Further downhole a second intercept of 5.90 metres grading 9.55 g/t gold from 284.6 metres is interpreted to be a 25-metre extension of the High Grade Panel beneath previous drilling.
To date, eight holes have been completed for a total of 2,860.1 meters. The focus of drilling will pivot to geotechnical and water testing of potential tailings facility locations before a return to resource drilling in 2025.
Photo 1: Abundant visible gold in hole AP-24-317.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/232074_bfbf426894753a00_003full.jpg
Figure 1: A cross section through the deposit showing drill intercepts with today's results highlighted.
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Figure 2: A cross section with the resource model from 2023 Mineral Resource Estimate highlighting the High Grade Panel (clipped to greater than 2 g/t gold resource blocks). New results are highlighted, completed holes pending assays are in green and planned holes are shown in black.
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Drilling Results and Coordinates Tables
Table 1: Significant Drill Intersections
| HoleID | From (metres) | To (metres) | Interval (metres) | Au (g/t) | Topcut Au (to 67 g/t) | Comment |
| AP-24-315 | 104.5 | 230.35 | 125.85 | 4.02 | - | North side of HGP |
| including | 157.45 | 181.0 | 23.55 | 12.5 | - | |
| AP-24-316 | 112.5 | 116.8 | 4.3 | 2.27 | - | |
| and | 129.2 | 136.85 | 7.65 | 6.74 | - | |
| and | 168.3 | 229.8 | 61.5 | 5.04 | - | Down-dip of HGP |
| including | 197.3 | 223.5 | 26.2 | 10.4 | 7.31 | |
| and | 246.8 | 362.15 | 115.35 | 2.69 | - | Deeper Zone |
| including | 274.0 | 277.7 | 3.7 | 12.2 | - | |
| and including | 289.0 | 301.0 | 12.0 | 9.68 | - | |
| AP-24-317 | 141.0 | 228.8 | 87.8 | 16.0 | 9.37 | North side of HGP |
| including | 176.9 | 193.0 | 16.1 | 71.8 | 35.7 | |
| and | 284.6 | 290.5 | 5.9 | 9.55 | - | Down-dip of HGP |
Table 2: Drill Hole Details
| Hole ID | Northing (WGS84 Zone 14N) | Easting (WGS84 Zone 14N) | Elevation (metres) | Azimuth (°) | Inclination (°) | Length (metres) |
| AP-24-315 | 410,145 | 1,998,094 | 924.0 | 180 | -60 | 329.0 |
| AP-24-316 | 410,144 | 1,998,115 | 924.2 | 180 | -60 | 398.0 |
| AP-24-317 | 410,125 | 1,998,142 | 929.5 | 180 | -55 | 409.8 |
Quality Assurance / Quality Control
Core samples were shipped to ALS Limited in Zacatecas, Zacatecas and Hermosillo, Sonora, Mexico for sample preparation and for analysis at the ALS laboratory in North Vancouver. The Zacatecas, Hermosillo and North Vancouver ALS facilities are ISO/IEC 17025 certified. Gold was assayed by 30-gram fire assay with atomic absorption spectroscopy finish and overlimits were analysed by 30-gram fire assay with gravimetric finish.
Control samples comprising certified reference and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance / quality control protocol.
Statement of Qualified Person
Stewart Harris, P.Geo., a Qualified Person, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr Harris is employed as Exploration Manager of the Company.
About Heliostar Metals Ltd.
Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, This year's results suggest conversion of inferred resource to indicated and measured can also result in increased gold grades and these holes grow the High Grade Panel to the north and down-dip, increase resource confidence and locally improve gold grades compared to the resource model .
Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
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FAQ
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