Mike Fagan,
Editor
Oct. 5, 2021
Heliostar Metals (TSX V: HSTR)(OTC: HSTXF), currently trading around C$0.75 per share, has released initial results from its ongoing mapping and sampling program — ahead of its forthcoming maiden drill program — at its 100%-owned Cumaro gold-silver project in northern Sonora State, Mexico.
Sample highlights to-date include:
- 12.6 g/t AuEq (10.3 g/t gold and 168 g/t silver) over 5.0 meters
- 13.1 g/t AuEq (11.5 g/t gold and 125 g/t silver) over 1.75 meters
- 9.57 g/t AuEq (8.35 g/t gold and 92 g/t silver) over 2.1 meters
- 5.49 g/t AuEq (4.68 g/t gold and 61 g/t silver) over 3.0 meters
- 13.6 g/t AuEq (11.9 g/t gold and 130 g/t silver over 1.65 meters
- 4.05 g/t AuEq (2.65 g/t gold and 105 g/t silver over 5.9 meters
- Twenty-one channel samples returned a grade multiplied by vein thickness greater than 5 g/t meters
Building on those initial successes, the Heliostar team is in the process of identifying and prioritizing primary drill targets for Cumaro — which is drill ready with permits in place — across three primary vein structures: Verde, Orilla, and the Shaft area (with the Verde vein structure pictured below).
The Cumaro project is a 5 sq km claim lying within SilverCrest’s (NYSE-Amer: SILV)(TSX: SIL) actively explored El Picacho district and hosts extensions of the El Picacho, Dos Amigos, and Basaitegui veins.
Heliostar CEO, Charles Funk, commented via press release:
“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.”
While Cumaro has seen its fair share of historical near-surface mine workings, zero drill testing has been carried out to date, making the upcoming maiden drill program all the more exciting.
The company also has two other neighboring gold-silver properties in this high-profile mineral district; Oso Negro and La Lola:
- Oso Negro hosts five highly prospective vein structures and sits roughly 50 km southwest of La Lola and 40 km northeast of Silvercrest’s high-grade Las Chispas deposit.
- La Lola is a 63 sq km land package near Equinox’s Mercedes mine, First Majestic’s Santa Elena mine, SilverCrest’s Las Chispas deposit, Silver Tiger’s El Tigre deposit, and Grupo Mexico’s giant La Caridad mine.
We’ve been reporting at length on Heliostar’s intelligent strategy of year-round exploration and drilling activity via its flagship Unga gold project up north in Alaska — where deeper targets will be drilled starting early part of next year — and its multiple gold-silver properties in Sonora, Mexico, where the team is currently defining priority drill targets via its continuing mapping and sampling program at Cumaro.
And by all accounts, we’re about to see the fruits of that pursuit revealed as this one-two-punch of exploration and drilling prowess at the company’s two core projects intensifies over the next few quarters.
As always, our own Gerardo Del Real has been providing all the key insights into Heliostar’s multi-project successes in the pages of his Junior Resource Monthly newsletter including exclusive interviews with CEO, Charles Funk — most recently at the Precious Metals Summit in Beaver Creek.
On a related note, as you’re no doubt aware, the price of uranium along with select uranium equities have been going gangbusters of late, including some very solid winners for the Junior Resource Monthly portfolio.
Just like gold and silver, Gerardo has tons more to say about the uranium bull that’s now in-play including how to position for even more near-term gains. He cautions that it’s a market that always eventually overshoots… so the idea is to get in fast and get out relatively fast as well… with a much fatter wallet to-boot!
Gerardo has a brand new uranium recommendation out to his Junior Resource Monthly subscribers — click here to watch a brief video presentation on this undiscovered uranium junior with an impressive asset base on US soil.
And click here for our feature report on Heliostar Metals. 
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest