HIGHLIGHTS: 5.0m grading 9.69 g/t gold 4.3m grading 9.87 g/t gold 15.0m grading 2.54 g/t gold 11.65m grading 1.86 g/t gold 11.6m grading 1.72 g/t gold 21.6m grading 0.77 g/t gold Continued success from assay results from shallow drilling in areas considered to be waste within the Creston Pit Expansion Higher Grade intercepts demonstrate underground potential beyond the current open pit Heliostar Metals Ltd. is pleased to [...]
Company Overview on La Colorada: La Colorada Operations show US$25.9M NPV5, 11.9% IRR, US$53.9M CAPEX and 287k total ounces produced at a US$2,000/oz gold price New mineral reserve at Junkyard Stockpile supports restart of mining at La Colorada that has commenced this month El Crestón expansion at La Colorada is expected to produce over 50,000 ounces of gold per year Current drill program is targeting lower CAPEX and [...]
HIGHLIGHTS: Heliostar plans to restart mining operations at La Colorada Mine in January, 2025 Mining to commence at the Junkyard Stockpile, a focus of recent work programs Heliostar Metals Ltd. is pleased to announce that the Company has undertaken a work program at the historical Junkyard Stockpile at the La Colorada Mine and plans to recommence crushing and stacking in January 2025. The planned restart would initially [...]
Heliostar Metals Ltd. The Board is pleased to announce the following addition to its board. We are very pleased and proud to announce the addition of Ramon Tomas Dávila Flores as non-executive director with immediate effect to Heliostar's board of directors. Mr. Dávila was most recently President of Guanajuato Silver Co. Ltd. Previous thereto Mr. Dávila was Minister of Economic Development for the State of Durango [...]
HIGHLIGHTS: Hole AP-24-317 87.8 metres @ 16.0 grams per tonne gold including 16.1 metres @ 71.8 g/t gold Hole AP-24-315 125.9 metres @ 4.02 g/t gold including 23.6 metres @ 12.5 g/t gold Results continue to expand the High Grade Panel and locally increase grades Heliostar Metals Ltd. is pleased to announce additional results from the 2024 drill program at the 100% owned Ana Paula project in Guerrero, Mexico. The Company [...]
HIGHLIGHTS: 5.0m grading 18.0 g/t gold 37.0m grading 1.24 g/t gold 11.8m grading 1.71 g/t gold 14.5m grading 1.69 g/t gold 10.1m grading 0.85 g/t gold Five drill rigs operating at site completing a 12,500m drill program Program designed to expand oxide mineral reserves at the El Creston pit Results show shallow mineralization is open and can positively impact mining economics Production decision at El Creston expected by [...]
HIGHLIGHTS: Production guidance for July-December of 19,350 - 19,750 Gold Ounces and 20,000 - 20,250 Gold Equivalent Ounces Cash Cost guidance of US$1,500 - US$1,600 Cash Costs and ASIC guidance of US$1,650 - US$1,750 per Gold Ounce Immediate objectives are to expand annual production and grow resources Five drill rigs turning across portfolio Heliostar Metals Ltd. is pleased to announce that, upon completion of the [...]
Heliostar Metals Ltd. is pleased to announce completion of the acquisition of a 100% interest in all of Florida Canyon Gold Inc.'s mining assets in Mexico for cash consideration of US$5,000,000 . The assets include the San Agustin mine , La Colorada mine, Cerro del Gallo project, and San Antonio project. As part of the Transaction, Heliostar and FCGI entered into an agreement eliminating the outstanding US$20 million of [...]
Heliostar Metals Ltd. is pleased to announce the closing of two previously-announced debt facilities with Ocean Partners USA, Inc. and Deans Knight Capital Management Ltd. for aggregate gross proceeds of US$10 million to support its acquisition of assets from Florida Canyon Gold Inc. . The Company expects to complete the Acquisition on November 6, 2024. The Company issued 1,500,000 common shares for loan establishment [...]
HIGHLIGHTS: Hole AP-24-314 - 16.0 metres @ 16.7 grams per tonne gold in a newly discovered zone Results suggest that new zones of gold can be found surrounding the High Grade Panel Hole AP-24-313 - 6.05 metres @ 8.24 g/t gold These results suggest the High Grade Panel can be expanded by over 115m down plunge Heliostar Metals Ltd. is pleased to announce the first results from the 2024 drill program at the Ana Paula project [...]
Heliostar Metals Ltd. is pleased to announce receipt of the clearance decision from the Comisión Federal de Competencia Económica with respect to the pending acquisition of the Mexico Business Unit of the former Argonaut Gold from Florida Canyon Gold Inc. COFECE approval was the final substantive regulatory approval required prior to closing the acquisition of the Mexico Business Unit, which is anticipated in early [...]
Heliostar Metals Ltd. is pleased to announce that it has appointed Mr. Hernan Dorado as Vice President Sustainability and Special Projects. Hernan has over 20 years of experience in the mining industry in Mexico and overseas. Most recently he was a founding member of Guanajuato Silver, holding roles including Chief Operating Officer and Chief Sustainability Officer. During his tenure, the company grew to 4Moz of annual [...]
