Multiple Gold And Base Metal Intercepts At Apollo

VANCOUVER - Heliostar Metals Limited reported results from nineteen additional drill holes completed at the Apollo target at the Unga project in 2021. The Company has three drill rigs active on the project and has completed 52 holes for a total of 5,724 meters to date.

Drilling Highlights: SKRC21-10: 9.81 grams per tonne ("g/t") gold over 1.52 meters from 89.9 meters ('m') downhole; APSRC21-06: 7.00 g/t gold over 1.52 m from 68.6 m downhole; APSRC21-08: 2.04 g/t gold equivalent ("AuEq") over 22.9 m from 93.0 meters downhole including, 5.63 g/t Aueq over 3.05 m from 109.7 m downhole; SKRC21-04: 7.07 g/t AuEq over 1.52 m from 39.6 m downhole and 4.32 g/t AuEq over 1.52 m from 54.9 m downhole.

VP of Exploration, Sam Anderson, said, "The Apollo target continues to deliver strong gold and base metal hits in this year's drilling. These results grow the strike extent to 745 meters with mineralized intercepts, a subsection of the broader two kilometer-long trend. Drilling is ongoing at Apollo and assays from eight completed holes remain pending. The Company is continuing its fully funded, three drill program and in 2021 will complete more meters of drilling on Unga Island, outside of the SH-1 resource area, than has been completed in the entire 135-year history of the project. The Company is focused on revealing the district-scale potential of the property with the current program."

Drilling has continued at Apollo with a focus on the Shaft 2 and Sitka Mine shaft areas. At Shaft 2, multiple veins have been intersected with a main vein defined over 365m of strike and 100m of depth. Mineralization varies from gold-dominant (APSRC21-02, APSRC21-06) to base metal-dominant (APSRC21-08) and appears to change rapidly over short intervals. Controls on mineralization are not yet well understood but intercepts remain open to depth and to the west.

At Sitka multiple sub-parallel veins also occur, though a main vein aligns with the shallow stope and with mineralization defined over 385m of strike and 100m of depth. Mineralization also varies from gold-dominant (SKRC21-10) to base metal-dominant (SKRC21-04 and SKRC21-05). In the far east of the Sitka target, a fault appears to offset mineralization between hole SKRC21-08 and SKRC21-10. Mineralization remains open to depth and to the west, and structural controls remain to be better understood.

High grade gold has been intersected over a strike length of 745m at Apollo and results from the remaining eight completed holes with assays pending will be used to refine the mineralization controls. Follow-up diamond drilling is a clear priority given the widespread nature of the intercepts and to test the along strike and deeper targets indicated by historic exploration shafts and tunnels.