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Heliostar Metals Ltd V.HSTR

Alternate Symbol(s):  HSTXF

Heliostar Metals Ltd. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, and development of mineral properties in North America. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico. The Ana Paula Gold Project is an advanced-stage, gold development project located in Guerrero State, Mexico. Its San Antonio Gold Project is an advanced stage gold development project located in Baja California Sur State, Mexico. Its Cerro Del Gallo Project is a gold-silver development project in the State of Guanajuato. The property comprises 14 titled concessions covering 15,276 hectares (ha), and surface rights to land totaling 445 ha. It owns 100% or has the option to acquire a 100% interest in three properties in the northern portion of Mexico's Sonora state: the Oso Negro project, the La Lola project, and the Cumaro project. The Company also operates the San Agustin mine, El Castillo mine, and La Colorada mine.


TSXV:HSTR - Post by User

Comment by gemcutteron Jun 16, 2021 8:21pm
77 Views
Post# 33399878

RE:APSRC21-06 and APS21-08

RE:APSRC21-06 and APS21-08Deep, I have no answer. C. Funk did give us these details: "Multiple vein styles intersected with gold rich veins containing locally very high grade course gold and base metal rich (galena, sphalerite and chalcopyrite)" in the Apollo section of today's corp. presentation. 

So to me recognizing the "vein styles" is crucial for effective exploration--(1)one style being low sulphidation epithermal (PH near neutral) or (2)high sulphidation with more acidic and oxidized magmatic hydrothermal environment. So they're getting the geochemical results and I believe this is a factor to getting to understanding and consistency. But also these two styles show similar alteration mineralogies, the distirbution of the alteration zones is different and the economic/gold mineralization is associated with different parts of the system. The alteration  zoning can be used as a pointer towards the most prospective part of the system, but only when the style has been correctly recognized.

So I'm not sure about the "more gold" at depth/intersection of (6 & 8 holes) part of your question, but I do know these guys are nailing down the consistency aspect which all helps when they get to a formal resource in 2022. But I believe if the geochemistry at the 6 & 8 intersection is more acidic and oxidized that then means it's high sulphidation and I believe that means greater g/t AU.

I think it was you that noted the Korelin report before with C. Funk. Anyways, it's interesting Charles Funk noted his VP of exploration and him have a bet to which one is bigger--Apollo or Aquila. So hopefully the 6 & 8 Apollo intersection yields solid g/t and then we get great Aquila returns. The VP X and C. Funk bet is mentioned near the 6:10 mark of this interview.

https://www.kereport.com/2021/06/11/heliostar-metals-high-grade-silver-results-from-mexico-and-a-drill-program-underway-in-alaska/

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