3 Rigs Proving-Up District Scale Gold Potential in Alaska

Heliostar Metals (TSX V: HSTR)(OTC: HSTXF) — currently trading around C$1.00 per share — has released assays from 19 additional drill holes completed at the Apollo Mine target at its flagship Unga Gold Project, Alaska.

Highlights from four of nineteen holes include:
 
  • 9.81 grams per tonne (g/t) gold over 1.52 meters 

  • 7 g/t gold over 1.5 meters 

  • 2.04 g/t gold equivalent (AuEq) over 22.9 meters, including 5.63 g/t AuEq over 3.05 meters

  • 7.07 g/t AuEq over 1.52 meters and 4.32 g/t AuEq over 1.52 meters
The Heliostar field team continues to hit impressive, near-surface gold grades across a strike length of 745 meters as part of a broader 2-km-long trend. The results follow assays from last month, which included highlight intercepts of 88.3 g/t gold over 3 meters and 8.6 g/t gold over 10 meters at Apollo. 
 
 
| Plan map showing historic drilling at the Apollo prospect; Unga Gold Project, Alaska
 
Heliostar VP of Exploration, Sam Anderson, commented via press release:
 
 

"The Apollo target continues to deliver strong gold and base metal hits in this year's drilling. These results grow the strike extent to 745 metres with mineralized intercepts, a subsection of the broader two kilometre-long trend. Drilling is ongoing at Apollo and assays from eight completed holes remain pending. The Company is continuing its fully funded, three drill program and in 2021 will complete more metres of drilling on Unga Island, outside of the SH-1 resource area, than has been completed in the entire 135-year history of the project. The Company is focused on revealing the district-scale potential of the property with the current program."

 
 
 
 
To-date, Heliostar has completed 52 holes for a total of 5,724 meters via three drill rigs. Drilling is ongoing with 8 recently completed holes awaiting assays.

The ~7,000 meter program is being deployed with the aim of increasing the current resource at Apollo-Sitka [384,000 ounces Inferred at 13.8 g/t gold] toward the 1 million ounce mark while continuing to demonstrate the district scale potential of the Unga Gold Project.

Our own Gerardo Del Real of Junior Resource Monthly caught up with Heliostar CEO, Charles Funk, to go over the newly-released assays and next-steps for Unga. CLICK HERE TO LISTEN. Transcript is also available. 
 

Yours in profits,

 

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.