Highlights:
Hole AP-23-300
Hole AP-23-302
Hole AP-23-299
The up-plunge target is expected to connect into a single block of continuous high grade gold mineralization.
Hole AP-23-300 is 480% better than predicted in the current resource model at a>5g/t cutoff grade
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to report additional drill results from the Ana Paula project in Mexico ("Ana Paula" or the "Ana Paula Project"). These four holes continue to assess mineralization up-plunge of the High Grade Panel at the core of Ana Paula.
Heliostar CEO, Charles Funk, commented, "Drilling at Ana Paula continues to exceed our expectations and deliver impressive gold intercepts. The headline hole, AP-23-300, is a 480% increase to the current resource model prediction, at a>5 g/t gold cut-off grade. The most easterly of Heliostar's holes, AP-23-302 was also particularly impactful with an intersection of 51 metres @ 5.0 g/t gold in an area where high gold grades were not modelled in the 2023 PFS resource. These results validate our belief that we can meaningfully increase the value of the Ana Paula project. The Company continues its well-funded expansion and infill drilling program of the High Grade Panel. Additional drill results will continue to be announced ahead of the planned resource update in November 2023."
Drill Results
Results from this press release are from Heliostar's up-plunge growth target at Ana Paula.
Hole AP-23-299 tested the up-dip and central portion of the High Grade Panel. This hole extended mineralization towards the surface and returned 38.0 metres grading 6.95 g/t gold, including 11.0 metres grading 15.8 g/t gold.
Hole AP-23-300 tested a gap in the high grade in the up-plunge area where hole AP-23-297 had intersected a sub-interval of 24 metres at 8.8 g/t gold. Hole AP-23-300 returned 38 metres grading 13.4 g/t gold including 9.5 metres grading 31.8 g/t gold to better define the northern extent of High Grade Panel in this area.
Hole AP-23-301 tested deeper beneath AP-23-300 in an area where the panel is narrower. It intersected 8.5 metres grading 3.0 g/t gold.
Hole AP-23-302 tested a gap in the high-grade mineralization at the far east of the High Grade Panel in an area where no high grade mineralization was modelled in the resource. It returned a strong intercept of 51.8 metres grading 5.01 g/t gold including 4.7 metres grading 11.6 g/t gold. This is particularly impactful as it has the potential to infill a large gap in the panel with gold mineralization .
HoleID | From
(metres) | To
(metres) | Interval
(metres) | Au
(g/t) | Comment |
AP-23-299 | 63.0 | 101.0 | 38.0 | 6.95 | Includes geotech samples. Note 1 |
including | 72.5 | 83.5 | 11.0 | 15.8 |
|
including | 72.5 | 78.5 | 6.0 | 23.3 |
|
AP-23-300 | 15.5 | 18.2 | 2.7 | 32.1 |
|
and | 30.5 | 102.5 | 72.0 | 7.96 | Includes geotech samples. Note 2 |
including | 55.0 | 64.5 | 9.5 | 31.8 | Includes geotech samples. Note 3 |
AP-23-301 | 29.0 | 37.5 | 8.5 | 3.02 |
|
including | 36.0 | 37.5 | 1.5 | 9.51 |
|
and | 52.2 | 53.2 | 1.0 | 6.46 |
|
and | 104.5 | 106.0 | 1.5 | 5.86 |
|
AP-23-302 | 1.5 | 53.26 | 51.8 | 5.01 | Includes geotech samples. Note 4 |
including | 19.5 | 24.22 | 4.72 | 11.6 |
|
and | 68.95 | 86.55 | 17.6 | 2.63 |
|
including | 73.14 | 74.5 | 1.36 | 21.4 |
|
Table 2: Significant Drill Intersections
1 includes 0.40 metres of sample removed for geotechnical studies and assumed to have 0 g/t gold
2 includes 0.82 metres of samples removed for geotechnical studies and assumed to have 0 g/t gold
3 includes 0.40 metres of samples removed for geotechnical studies and assumed to have 0 g/t gold
4 includes 0.87 metres of samples removed for geotechnical studies and assumed to have 0 g/t gold
Drill Results Impact
The potential impact of the drill results on future resource models can be demonstrated by comparing the current results to the existing model (as reported in the 2023 prefeasibility study1). Drilling that outperforms (i.e., is higher grade or wider than) the model may be expected to improve the grade and size of future resource and reserve estimates. Using a 5 g/t cut-off grade provides a useful benchmark to the most financially impactful ounces in an underground mining scenario.
At a 5 g/t cutoff, hole AP-23-299 has an 83% increase when compared to an expected intercept calculated from the existing resource model. Using the same criteria; AP-23-300 has a 480% increase compared to the expected intercept from the resource model, AP-23-301 has a 63% decrease compared to the expected intercept from the resource model and AP-23-302 was a significant increase as no high grade was estimated in the resource model.
Drilling Progress
The Company is on schedule and on budget with the drilling program. The Company completed eighteen holes at Ana Paula. The Company has reported results from twelve holes to date. Holes AP-23-302 through and AP-23-305 are the Company's first holes targeting high-grade mineralization further west into the down-plunge target. The holes intersected sulfide mineralization throughout, particularly AP-23-303.
The Company is finishing two infill holes in the vicinity of hole AP-23-291. The result will be a cross-section of tightly spaced intercepts and these holes will support resource modelling and provide metallurgical material for analysis.
Hole ID | Northing
(WGS84 Zone 14N) | Easting
(WGS84 Zone 14N) | Elevation
(metres) | Azimuth
(°) | Inclination
(°) | Length
(metres) |
AP-23-299 | 410,174 | 1,998,005 | 937 | 000 | -55 | 102.0 |
AP-23-300 | 410,227 | 1,998,034 | 920 | 180 | -45 | 118.5 |
AP-23-301 | 410,226 | 1,998,081 | 898 | 180 | -45 | 204.0 |
AP-23-302 | 410,290 | 1,998,012 | 916 | 180 | -50 | 94.0 |
Table 2: Drill Hole Details
Quality Assurance / Quality Control
Core samples were shipped to ALS Limited in Santiago Queretaro, Queretaro for sample preparation and for analysis at the ALS Laboratories in North Vancouver. The North Vancouver ALS facility is ISO/IEC 17025 certified. Gold was assayed by 30-gram fire assay with atomic absorption spectroscopy finish and overlimits were analysed by 50g fire assay with gravimetric finish.
Control samples comprising certified reference samples 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 ("NI 43-101"), has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein.
Investor Relations
The Company entered into a marketing services arrangement with Mr. Robert Sinn on May 5, 2023, pursuant to which Mr. Sinn agreed to provide certain investor relation services to the Company over a 12-month period for a total fee of US$25,000, which was paid upfront. The services to be provided include featured articles and videos on the Company and coverage of news flow on social media. Robert Sinn is at arm's length to the Company, and neither holds any securities of the Company nor has any interest, direct or indirect, in the Company.
Robert Sinn is a trader, portfolio manager, and analyst in capital markets. Mr. Sinn studied finance and real estate at university and has been blogging about the stock market, precious metals, and mining for over a decade. Mr. Sinn is based in Florida, USA.
About Heliostar Metals Ltd.
Heliostar is a junior mining company with a portfolio of high-grade gold projects in Mexico and Alaska.
The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico. In addition, Heliostar is working with the Mexican federal and local government to permit the San Antonio Gold Project in Baja Sur, Mexico. The Company continues efforts to explore the Unga Gold Project in Alaska, United States of America.
The Ana Paula Project deposit contains proven and probable mineral reserves of 1,081,000 ounces of gold (630,000 proven and 451,000 probable ounces) at 2.38 grams per tonne ("g/t") gold and 2,547,000 ounces of silver (1,322,000 proven and 1,226,000 probable ounces) at 5.61 g/t silver. Ana Paula hosts measured and indicated resources of 1,468,800 ounces of gold (703,800 measured and 765,000 indicated ounces) at 2.16 g/t gold and 3,600,000 ounces of silver (1,637,000 measured and 1,963,000 indicated ounces) at 5.3 g/t silver. The asset is permitted for open-pit mining and contains significant existing infrastructure including a portal and a 412-metre-long decline.
References
1 An updated prefeasibility study titled "Ana Paula Project NI 43-101 Technical Report Preliminary Feasibility Study Update" was filed on SEDAR on April 6, 2023, with an effective date of February 28, 2023, prepared for the Company by Daniel H. Neff, PE, Art S. Ibrado, PhD, PE, Richard K. Zimmerman, RG, SME-RM, Craig Gibson, PhD, CPG, Andrew Kelly, P.Eng., Gordon Zurowski, P.Eng., Paul Daigle, P.Geo., Gilberto Dominguez, PE and James A. Cremeens, PE, PG.
For additional information please contact:
Charles Funk
Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
亮點：
不列顛哥倫比亞省溫哥華--（Newsfile Corp. ——2023年8月9日）——Heliostar Metals Ltd.（多倫多證券交易所股票代碼：HSTR）（OTCQX：HSTX）（FSE：RGG1）（”Heliostar“或者”公司“）很高興地報告墨西哥安娜·保拉項目的其他鑽探結果（”安娜寶拉“或者”Ana Paula 項目“)。這四個洞繼續評估安娜·保拉（Ana Paula）核心的高品位面板的礦化情況。
Heliostar 首席執行官查爾斯·芬克評論說： “Ana Paula的鑽探繼續超出我們的預期，並提供了令人印象深刻的黃金攔截量。頭條洞是 AP-23-300，比當前的資源模型預測增加了480％，黃金截止品位大於5 g/t。AP-23-302 是 Heliostar 最東端的洞，在沒有在 2023 年 PFS 資源中建模高金品位的地區，交叉點爲 51 米 @ 5.0 g/t 黃金，也特別具有衝擊力。這些結果證實了我們的信念，即我們可以有意義地提高Ana Paula項目的價值。該公司繼續其資金充足的High Grade Panel擴建和填充鑽探計劃。在計劃於2023年11月進行資源更新之前，將繼續公佈其他鑽探結果。”
演習結果
本新聞稿的結果來自Heliostar在Ana Paula的暴跌增長目標。
Hole AP-23-299 測試了高級面板的上傾部分和中心部分。這個洞向地表延伸了礦化，返回了38.0米，品位爲6.95克/噸的金，其中包括11.0米的黃金品位爲15.8 g/t。
AP-23-300 洞測試了向上傾角區域的高品位間隙，AP-23-297 洞在 8.8 g/t 金時與 24 米的亞間隔相交。AP-23-300 洞返回 38 米，黃金品位爲 13.4 g/t，其中 9.5 米的黃金品位爲 31.8 g/t，以更好地定義該地區高品位面板的北部範圍。
AP-23-301 洞在面板較窄的區域在 AP-23-300 下方進行了更深的測試。它相交 8.5 米，品位爲 3.0 g/t 黃金。
AP-23-302 洞測試了高品位面板遠東地區高品位礦化的缺口，該地區沒有對該資源進行高品位礦化建模。它返回了51.8米的強勁攔截，金分等級爲5.01 g/t，其中4.7米的黃金等級爲11.6 g/t。這尤其具有影響力，因爲它有可能用金礦化填補面板中的巨大空白。
HoleID | 來自
（米） | 到
（米） | 間隔
（米） | Au
(g/t) | 評論 |
AP-23-299 | 63.0 | 101.0 | 38.0 | 6.95 | 包括岩土工程樣本。注意事項 1 |
包括 | 72.5 | 83.5 | 11.0 | 15.8 |
|
包括 | 72.5 | 78.5 | 6.0 | 23.3 |
|
AP-23-300 | 15.5 | 18.2 | 2.7 | 32.1 |
|
和 | 30.5 | 102.5 | 72.0 | 7.96 | 包括岩土工程樣本。注意事項 2 |
包括 | 55.0 | 64.5 | 9.5 | 31.8 | 包括岩土工程樣本。注意事項 3 |
AP-23-301 | 29.0 | 37.5 | 8.5 | 3.02 |
|
包括 | 36.0 | 37.5 | 1.5 | 9.51 |
|
和 | 52.2 | 53.2 | 1.0 | 6.46 |
|
和 | 104.5 | 106.0 | 1.5 | 5.86 |
|
AP-23-302 | 1.5 | 53.26 | 51.8 | 5.01 | 包括岩土工程樣本。注意事項 4 |
包括 | 19.5 | 24.22 | 4.72 | 11.6 |
|
和 | 68.95 | 86.55 | 17.6 | 2.63 |
|
包括 | 73.14 | 74.5 | 1.36 | 21.4 |
|
表 2：重要的鑽頭交叉點
1 包括爲岩土工程研究而移除的 0.40 米樣本，假設金含量爲 0 g/t
2 包括爲岩土工程研究而採集的 0.82 米樣品，假設金含量爲 0 g/t
3 包括爲岩土工程研究而採集的 0.40 米樣本，假定金含量爲 0 g/t
4 包括爲岩土工程研究而採集的 0.87 米樣本，假定金含量爲 0 g/t
鑽探結果影響
通過將當前結果與現有模型進行比較（如2023年預可行性研究1所述），可以證明鑽探結果對未來資源模型的潛在影響。如果鑽探表現優於模型（即品位更高或更寬），則有望提高未來資源和儲量估計值的品位和規模。在地下采礦情景中，使用5 g/t的截止品位爲最具財務影響力的盎司提供了有用的基準。
與根據現有資源模型計算出的預期截距相比，AP-23-299 洞的截距爲 5 g/t，增加了83％。使用相同的標準；與資源模型的預期攔截相比，AP-23-300 增加了480％，與資源模型的預期攔截相比，AP-23-301 的攔截量減少了63％，而且 AP-23-302 大幅增加，因爲資源模型中沒有估計高等級。
鑽探進度
該公司的鑽探計劃按計劃和預算進行。該公司在安娜·保拉完成了十八洞。迄今爲止，該公司已經公佈了十二個洞的結果。AP-23-302 直通洞和 AP-23-305 洞是該公司第一個針對向西進入下衝目標的高品位礦化的孔。這些洞與整個硫化物礦化相交，尤其是 AP-23-303。
該公司正在完成在 AP-23-291 洞附近的兩個填充孔。結果將是間隔緊密的截面截面，這些洞將支持資源建模併爲分析提供冶金材料。
Hole ID | 北方
(WGS84 Zone 14N) | 向東
(WGS84 Zone 14N) | 海拔
（米） | Azimuth
(°) | 傾角
(°) | 長度
（米） |
AP-23-299 | 410,174 | 1,998,005 | 937 | 000 | -55 | 102.0 |
AP-23-300 | 410,227 | 1,998,034 | 920 | 180 | -45 | 118.5 |
AP-23-301 | 410,226 | 1,998,081 | 898 | 180 | -45 | 204.0 |
AP-23-302 | 410,290 | 1,998,012 | 916 | 180 | -50 | 94.0 |
表 2：鑽孔詳情
質量保證/質量控制
核心樣本被運往位於克雷塔羅聖地亞哥克雷塔羅的ALS Limited，用於樣本製備，並在北溫哥華的ALS實驗室進行分析。北溫哥華 ALS 工廠已通過 ISO/IEC 17025 認證。用原子吸收光譜完成的30克火試樣對黃金進行了檢測，並通過重力法完成的50g火測定對超限進行了分析。
作爲公司質量保證/質量控制協議的一部分，系統地將包含經過認證的參考樣本和空白樣本的對照樣本插入樣本流中並進行分析。
合格人員聲明
Stewart Harris，P.Geo.，合格人士，這個術語由 National Instrument 43-101 定義- 礦產項目披露標準 (”在 43-101“），已審查了構成本新聞稿基礎的科學和技術信息，並批准了此處的披露。
投資者關係
公司於2023年5月5日與羅伯特·辛恩先生簽訂了營銷服務安排，根據該安排，辛恩先生同意在12個月內向公司提供某些投資者關係服務，費用總額爲25,000美元，費用已預先支付。提供的服務包括有關公司的精選文章和視頻，以及社交媒體上的新聞流報道。羅伯特·辛恩（Robert Sinn）與公司保持距離，既沒有持有公司的任何證券，也沒有公司的任何直接或間接權益。
羅伯特·辛恩是資本市場的交易員、投資組合經理和分析師。辛恩先生在大學學習金融和房地產，十多年來一直在寫關於股票市場、貴金屬和採礦業的博客。Sinn 先生居住在美國佛羅里達州。
關於 Heliostar Metals Ltd
Heliostar是一家初級礦業公司，在墨西哥和阿拉斯加擁有高品位黃金項目組合。
該公司專注於開發位於墨西哥格雷羅的100％持股的Ana Paula項目。此外，Heliostar正在與墨西哥聯邦和地方政府合作，批准墨西哥下南部的聖安東尼奧黃金項目。該公司繼續努力勘探位於美利堅合衆國阿拉斯加的Unga黃金項目。
Ana Paula Project礦牀包含探明和可能的礦產儲量爲1,081,000盎司黃金（探明63萬盎司和45.1萬盎司），每噸黃金2.38克（“g/t”），254.7萬盎司銀（探明132.2萬盎司，可能爲122.6萬盎司），白銀爲5.61克/噸。Ana Paula主持人測量並表示資源量爲1,468,800盎司黃金（測量703,800盎司，表示爲76.5萬盎司），黃金爲2.16克/噸，白銀爲360萬盎司（測量1,637,000盎司，表示爲1,96.3萬盎司），白銀爲5.3克/噸。該資產允許用於露天採礦，包含重要的現有基礎設施，包括門戶和長達412米的下坡。
參考文獻
1 一份名爲 “Ana Paula Project NI 43-101 技術報告初步可行性研究更新” 的最新預可行性研究於 2023 年 4 月 6 日向 SEDAR 提交，生效日期爲 2023 年 2 月 28 日，由 Daniel H. Neff、Art S. Ibrado 博士、RG、SME-RM、Craig Gibson 博士、CPG、Andrew Kelly、P.Eng.、Gordon 爲公司編寫 P.Eng. Zurowski、P.Geo. Paul Daigle、PE. Gilberto Dominguez 和 James A. Cremeens，PE，PG
欲了解更多信息，請聯繫：
查爾斯·芬克
首席執行官
Heliostar 金屬有限公司
電子郵件：charles.funk@heliostarmetals.com
羅伯·格雷
投資者關係經理
Heliostar 金屬有限公司
電子郵件：rob.grey@heliostarmetals.com
