Heliostar Metals stock rises on updated Ana Paula gold resource

The two claim blocks are 56 miles southwest of Kennecott’s prolific Bingham Canyon Mine Complex.

Foran holds eight properties encompassing over 140,000 hectares within the Hanson Lake District of eastern Saskatchewan.

Patriot is exploring along a 4.3-km trend of spodumene pegmatite it discovered in 2017.

The assays add 150 metres to the project’s X22 zone for a total strike length of 1 km.

According to CEO Jody Kuzenko, these intersections had similar thickness and even better grades than previous drilling in these areas.

Highlights of recent drilling include 52.6 metres grading 2.3 grams gold per tonne.

Significant new gobalt and gold intersections were identified as part of the 32-hole diamond drilling program.

The sprawling Bashaw district between Calgary and Edmonton now hosts 6.6 million measured tonnes of lithium carbonate equivalent.

The updated estimate’s 1.78 million oz. of contained gold is a 144% increase compared with an initial resource in November 2021.