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Heliostar Drills 30.2m Grading 6.29g/t Gold in First Resource Conversion Holes at Ana Paula
Newsfile· 2025-08-27 10:30
Core Viewpoint - Heliostar Metals Ltd. has announced promising initial results from its ongoing 15,000 metre drill program at the Ana Paula project in Guerrero, Mexico, aimed at converting inferred resources to higher confidence classifications and supporting a Feasibility Study [3][4]. Drilling Program - The drilling program involves two rigs and has completed 18 holes with a total of 5,556 metres drilled to date, focusing on defining the High Grade Panel's overall orientation [5]. - The drilling approach has been modified to rotate by approximately 90 degrees from historic intercepts, leading to more continuous and higher-grade gold mineralization [5]. Drill Results Summary - Significant results include Hole AP-25-325, which intercepted 30.2 metres grading 6.29 grams per tonne (g/t) gold from 195.8 metres, and Hole AP-25-323, which returned 12.2 metres grading 8.73 g/t gold from 344.5 metres [7][8]. - Additional intercepts from AP-25-325 include 14.75 metres grading 13.6 g/t gold from 153.5 metres and 4.5 metres grading 12.6 g/t gold from 277.5 metres [9]. Future Plans - The company plans to continue releasing consistent drill results monthly from Ana Paula throughout 2025 and into 2026, with the next results expected in mid- to late September [4][10]. Company Overview - Heliostar Metals Ltd. is a gold mining company with operations in Mexico, including the La Colorada Mine and the San Agustin Mine, and holds several development projects in Mexico and the USA, including the Ana Paula project [20].
Probe Gold Announces Infill Drilling Results with Grades Up to 20.4 g/t Au Over 5.5 Metres (cut) at Novador Project, Quebec
Globenewswire· 2025-08-27 10:30
Core Viewpoint - Probe Gold Inc. has announced significant results from its 50,000-metre winter infill drill program at the Novador property, confirming strong continuity of mineralization and highlighting expansion potential, which will support the upcoming pre-feasibility study (PFS) [1][2]. Group 1: Drill Program Results - The infill drill program has completed 28 drill holes totaling 9,264 metres, returning significant gold intercepts from near-surface to approximately 200 metres vertical depth, with high-grade gold intercepts found deeper in the Creek deposit areas [1][2]. - Notable drill results include intercepts of 21.8 g/t Au over 2.0 metres and 40.1 g/t Au over 1.0 metre in the New zone, as well as 39.1 g/t Au over 1.0 metre in the Creek 023 zone [3][4]. Group 2: Project Development and Future Plans - The results from the drilling program will enhance 3D models and support resource conversion for the upcoming PFS, which is expected to be completed by year-end 2025 [2][4]. - The company is making progress on permitting, resource growth, and mine plan optimization, with a strong treasury supporting its commitment to developing Novador as a top-tier gold project [2][12]. Group 3: Geological Context - Mineralization along the Courvan trend is characterized by shallow-dipping East-West gold-bearing veins associated with shear zones intersecting the Bourlamaque granodiorite batholith, with gold primarily found in sulphide-bearing quartz-carbonate-tourmaline veins [8]. - The Bussiere deposit remains open laterally and at depth, indicating further exploration potential [8]. Group 4: Company Overview - Probe Gold Inc. is focused on the acquisition, exploration, and development of gold properties, owning 100% of the Novador Gold Project and controlling a large land package of approximately 1,798 square kilometres in Quebec [13]. - The Novador project hosts four past-producing mines and contains 80% of the company's gold resources in Val-d'Or East, with a robust mining plan projecting an average annual gold production of 255,000 ounces over a 12.6-year mine life [12][13].
Abcourt Intersects 24.3 g/t Over 1.9 m Including 41.9 g/t Over 0.6 m in the 785N Zone and Provides an Update on Its Sleeping Giant Activities
Globenewswire· 2025-05-08 11:00
Core Viewpoint - Abcourt Mines Inc. has reported new drilling results from the Sleeping Giant mine, indicating promising mineral resource potential and plans for rapid production ramp-up [1][3]. Drilling Results - In 2025, Abcourt completed 36 underground drill holes totaling 5,632 meters, with seven holes targeting the 785N zone for a total of 3,316 meters [2]. - The results from drill holes 78-888 and 78-890 show significant gold grades, including 59.25 g/t over 0.5 meters and 24.3 g/t over 1.9 meters, respectively [3][6]. Operational Updates - The company plans to add a third underground drill rig to accelerate the resource conversion drilling program [6]. - Abcourt has renewed its drilling contract with G4 Drilling to enhance its operational capabilities [8]. Financing Progress - The company is progressing with due diligence for an $8 million loan, which is crucial for mine development and production initiation [9]. Quality Control Measures - Drilling and core description work is supervised by qualified personnel, ensuring adherence to industry standards for quality assurance [10][12]. Future Plans - The company aims to maximize the conversion of inferred resources into indicated resources and update the mineral resource estimate for the Sleeping Giant property [11].