Over the past 2 months we have chatted a lot with HelioStar Metals (TSX.V:HSTR – OTCQX:HSTXF) President and CEO Charles Funk about the acquisition of the Ana Paula Deposit. The Company’s strategy is to focus on the high grade area of the deposit to move toward underground production. Yesterday, April 19th, the Company announced the start of drilling at this high-grade gold panel.
I have Charles provide an overview of the 3,000-3,600meter drill program. The program has 3 main goals; 1) to increase the size and grade of the resource and reserve, 2) provide the geotechnical information required to complete underground mine planning and 3) provide metallurgical samples testwork designed to improve gold recovery and simplify the mill flow sheet. Refer to Figure 1 below for an overview of the targets and historic drill results.
Here is a summary of historic drill results at the high-grade area.
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231 m grading 7.5 grams per tonne (g/t) gold
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120 m grading 11.2 g/t gold
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81.1 m grading 14.5 g/t gold
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57.6 m grading 18.6 g/t gold
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63.4 m grading 15.3 g/t gold
If you have any follow up questions for Charles please email me at Fleck@kereport.com.
Click here to read over the full news release outlining the drill program.
