Discovery Update as Drills Intersect 88.3 G/T Gold in Alaska

Heliostar Metals (TSX V: HSTR)(OTC: HSTXF) — currently trading around C$1.35 per share — has announced a new gold discovery at the Apollo Mine target at its flagship Unga Gold Project, Alaska.

Highlights from the first four holes from the current 7,000-meter drill program include:
 
  • 88.3 grams per tonne (g/t) gold over 3 meters 

  • 8 g/t gold over 4.5 meters 

  • 8.6 g/t gold over 10 meters, including 19 g/t gold over 4.5 meters
Heliostar CEO, Charles Funk — whom you’ll be hearing more from in a moment — commented via press release:
 
 
"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 kilometers long and drilling completed to date in 2021 has tested just 725 meters 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."
 
 
 
The market is reacting favorably to the discovery news — and our own Gerardo Del Real of Junior Resource Monthly is hot on it as always with an exclusive sit-down with Heliostar CEO Charles Funk. 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.