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Thread: Heliostar Metals Ltd.

  1. #1

    Default Heliostar Metals Ltd.

    Here's one more small miner and exploration company that has some interesting prospects. Heliostar Metals Ltd. (HSTXF - OTC) Price in the past few months has ranged from about $1 (US) to about $0.80 (US) and is presently in the about $0.90 range. If you go out to over the past year more or less the price has been as high as $1.50 (US). As with all smaller mining companies the price is subject to swings with a high beta. They are doing a lot of drilling on their properties and looking to expand some existing old mines they now own. DYODD
    American Legion Preamble: https://www.legion.org/preamble

  2. #2

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    Heliostar Metals Ltd was up today in a sea of red closing at $1.08
    American Legion Preamble: https://www.legion.org/preamble

  3. #3

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    Heliostar Metals Ltd. is on the move today, presently $1.33 (mid-day price) and:

    "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: 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."
    American Legion Preamble: https://www.legion.org/preamble

  4. #4

    Default

    Profit taking is taking over and price down.

    More details on news from Heliostar's site: https://www.heliostarmetals.com/news...project-alaska
    American Legion Preamble: https://www.legion.org/preamble

  5. #5

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    The reason for the price increase the other day was early release of drilling results in Alaska. Trading was halted for a period of time as the stock was blasting off. The next day the price of gold/silver was clobbered and Heliostar price dropped with the rest of the miners. So a good opportunity to purchase shares at near the original (pre-drilling news) price presented itself and I jumped on buying some more shares.

    An excellent and long interview with the CEO can be found on Youtube. It was recorded a couple of weeks before the news came out and so it not biased by that announcement.

    https://www.youtube.com/watch?v=Fq7h69Pf-sY
    American Legion Preamble: https://www.legion.org/preamble

  6. #6

  7. #7

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    "Heliostar Reports Multiple Hits at Aquila, Including 6.51 G/T Gold Over 3 Metres at the Unga Project, Alaska

    Vancouver, Canada, September 7th, 2021 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG) ("Heliostar" or the "Company") is pleased to announce results from the first seven Reverse Circulation (RC) holes completed at the Aquila target in 2021, part of the large-scale, multi target Unga project, Alaska.

    The 2021 drilling focused on the Amethyst Vein with these results expanding the footprint of Aquila both along strike and at depth from last year’s discovery hole (see news release dated February 23rd, 2021). Assays for six additional holes from Aquila remain pending.

    Highlights

    Two zones of gold mineralization over 220 metres of strike, both open along strike and to depth with three of the seven reported holes intersecting 5-10 grams per tonne (g/t) gold intercepts

    AQRC21-09

    6.51 g/t gold over 3.05 m from 28.96 metres (m) downhole;

    AQRC21-01

    2.45 g/t gold over 7.62 m from 60.96 m including;

    9.91 g/t gold over 1.52 m from 65.53m

    AQRC21-05

    5.57 g/t gold over 1.52 m from 73.15 m;

    Note: All numbers are rounded and widths represent drilled lengths. True thickness is estimated at 70-90% of drilled thickness."
    American Legion Preamble: https://www.legion.org/preamble

  8. #8

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    "Heliostar Adds Porphyry Upside with 71.6 Metres of 0.44 g/t AuEq at Zachary Bay, Unga Project, Alaska

    Vancouver, Canada, September 16th, 2021 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG) ("Heliostar" or the "Company") is pleased to announce results from two Reverse Circulation (RC) holes completed at the Zachary Bay Target in 2021.

    Our primary focus at Unga is high grade gold targets. However, the project also hosts both porphyry gold-copper and bulk tonnage gold targets. These two first-pass RC holes targeted porphyry style mineralization at Zachary Bay and both holes intersected gold and copper mineralization over significant widths. They indicate potential for a large porphyry footprint with zones of higher grade that require additional drilling.



    Highlights

    Two holes completed 220 metres apart show open intersections, with local higher-grade zones within each hole.
    Next step is diamond drilling to expand upon higher grade zones, in particular to depth, and drilling the magnetic highs within the porphyry complex.

    ZBRC21-01

    0.44 g/t gold equivalent (AuEq) over 71.63 m from 30.48 metres (m) downhole, including;

    0.58 g/t AuEq over 16.76 m from 30.48 m, including;
    0.69 g/t AuEq over 6.10 m from 30.48 m

    ZBRC21-02

    0.34 g/t AuEq over 91.44 m from 9.14 m including;

    0.40 g/t AuEq over 41.15m from 9.14 m

    Note: All numbers are rounded and widths represent drilled lengths.


    Heliostar CEO, Charles Funk, commented “Unga is a rare project containing the potential for multiple deposit types. These holes show the potential for a gold-copper porphyry at the Zachary Bay target. They represent first pass drilling to establish the best location for follow-up diamond drilling. Both holes have higher grade sub-zones. It is important to note that hole ZBRC21-02 has grades that increase with depth and the best intervals are at the very base of the hole. High grade gold is the company’s primary focus, however the proximity of the different deposit styles, as was the case at the Saddle and Saddle North deposits that GT Gold (now Newmont) discovered in northern British Columbia highlights the potential value creation of exploring both styles of mineralization.”

    Zachary Bay Target

    The Zachary Bay Porphyry is a compelling drill target based on several factors:

    The overall size of the porphyry core (300 x 650 m) based on mapping and ground magnetics surveys;
    A zoned alteration from (500 x 1,000 m) from outer propylitic, argillic and advanced argillic alteration in andesite to a core of potassically alterted porphyritic diorite;
    Only a single 117 metre deep, vertical hole drilled within the porphyry prior to Heliostar. This hole was mineralized over its entire length;
    The proximity to the potentially related, high grade vein corridors.

    A joint Quintana Minerals Corp. and Duval Corp. exploration program identified Zachary Bay in 1974. One round of drilling was completed with 4 holes totalling 291 metres in 1975. Of these four holes, only one was drilled in the porphyry and the other holes were drilled at other targets located over 400 metres to the east of Zachary Bay.

    The 1975 hole (Z1) was drilled vertically, a poor orientation to effectively test a large, sub-vertical porphyry complex, but nonetheless returned 0.45 g/t gold equivalent over 107.1 metres (0.28 g/t gold and 0.11 % copper), with individual gold values up to 0.95 g/t. Mineralization remains open in all directions (The reader is cautioned that the qualified person has not been able to independently verify the historical assay results in the Quintana Duval drilling)."
    American Legion Preamble: https://www.legion.org/preamble

  9. #9

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    "Heliostar Expands Aquila Discovery to 475 Metres with Multiple New Intercepts from Surface at Unga, Alaska

    Vancouver, Canada, September 20th, 2021 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG) ("Heliostar" or the "Company") is pleased to announce results from the six additional Reverse Circulation (RC) holes completed at the Aquila vein target, part of the large scale Unga district in Alaska.

    These results position Aquila as a third centre of mineralization at the Unga project. The target is connected by road to the SH-1 Resource and the former Apollo Mine, providing convenient access for further lower cost exploration and potential mining options.

    Highlights

    Intercepts over 475 metres (m) of length that is open to the northeast and at depth
    Geological evidence is that this shallow mineralization is only the top of the system
    High grade intercepts within a broader halo of lower grade gold mineralization from surface

    AQRC21-12: 1.77 g/t gold over 18.28 m from 4.57 metres (m), including;

    3.44 g/t gold over 7.62 m from 10.67m

    AQRC21-13: 0.55 g/t gold over 41.15 m from 1.52m, including;

    5.95 g/t gold over 1.52 m from 4.57m

    All numbers are rounded and widths represent drilled lengths. True thickness is estimated at 80-95%

    Heliostar CEO, Charles Funk, commented: “The 2021 program continues to deliver, showing the SH-1 Resource is just one of many high grade targets within the Unga district. These results build on those from earlier in September at Aquila and define a new zone with intercepts from surface that are wide open for expansion. Systematic exploration is proving very successful to unlock the Unga District and more assay results are pending from this year’s program, including from the SH-1 Resource and Apollo targets. Planning has commenced for drilling at Centennial in November and December due to the ability to drill year-round on parts of the project.”


    Aquila Target

    The Aquila Target comprises outcropping epithermal quartz veins within the Shumigan vein corridor located 5 kilometres southwest of the SH-1 Resource (384,000 inferred ounces of gold at 13.8 g/t gold). It is one of the four highest priority targets on the Unga project (Figure 1) amongst 38 areas of either mineralization, mineralized outcroppings, historical resources and/or anomalies."

    More at: https://www.heliostarmetals.com/news...at-unga-alaska
    American Legion Preamble: https://www.legion.org/preamble

  10. #10

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    "Heliostar Hits Multiple Channels up to 12.6 g/t Gold Equivalent over 5.0 Metres - Defines Significant Drill Target at Cumaro, Mexico

    Program Highlights

    Multiple high grade gold and silver samples from three closely spaced veins along the Verde Vein Corridor
    Veins define a large target area of 530 metres by 200 metres
    Veins trend from SilverCrest Metals’ El Picacho property onto Heliostars Cumaro claim
    Project has all permits in place and is drill ready

    Sample Highlights

    12.6 g/t AuEq (10.3 g/t gold and 168 g/t silver) over 5.0 metres
    13.1 g/t AuEq (11.5 g/t gold and 125 g/t silver) over 1.75 metres
    9.57 g/t AuEq (8.35 g/t gold and 92 g/t silver) over 2.1 metres
    5.49 g/t AuEq (4.68 g/t gold and 61 g/t silver) over 3.0 metres
    13.6 g/t AuEq (11.9 g/t gold and 130 g/t silver over 1.65 metres
    4.05 g/t AuEq (2.65 g/t gold and 105 g/t silver over 5.9 metres
    Twenty-one channel samples returned a grade multiplied by vein thickness greater than 5 g/t metres

    Heliostar CEO, Charles Funk, commented: “Heliostar considers each of its projects in Mexico to be a potential company maker and these results from Cumaro are a significant step towards this goal. These veins trend from a historic mine on SilverCrest Metals’ claims to the west and extend onto Heliostar’s ground, where they have never been drilled. Returning so many high-grade hits on surface over a broad area is very positive. The company continues detailed sampling in the eastern half of the claims to finalize a maiden drill program at Cumaro.” "

    More at: https://www.heliostarmetals.com/news...-cumaro-mexico
    American Legion Preamble: https://www.legion.org/preamble

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