Heliostar Metals Ltd. is pleased to announce it filed its updated mineral resource estimate for the Ana Paula Project located in Guerrero, Mexico. The Updated Mineral Resource Estimate was completed by Rita Teal and Lewis Teal, Qualified Persons with Teal CPG Inc. The technical report titled "Ana Paula Project NI 43-101 Technical Report Mineral Resource Estimate Update" is dated January 11, 2024, has an effective date of [...]
Heliostar Metals Ltd. is pleased to update its disclosure regarding the closing of its warrant exercise incentive program . Capitalized terms used but not defined in this news release have the meanings given to them in the Company's news release dated December 11, 2023. An additional 18,000 Outstanding Warrants were exercised pursuant to the Incentive Program. Accordingly, the Company confirms that a total of 17,599,544 [...]
Heliostar Metals Ltd. The Board of Directors is pleased to announce the following changes and additions to its Board. We believe that these changes will provide strengthened governance while also adding depth and skills, providing clarity of responsibility and purpose for the company's next stage of growth. The board has approved the following Board and Management changes. Heliostar Chairman, Jacques Vaillancourt [...]
Heliostar Metals Ltd. is pleased to announce the successful completion of the Company's warrant exercise incentive program, as previously announced on November 14, 2023 . A total of 17,581,544 common shares in the capital of the Company were issued upon the exercise of 17,581,544 previously outstanding share purchase warrants , providing aggregate gross proceeds of $5,274,463.20 to the Company. For every Outstanding [...]
Heliostar Metals Ltd. is pleased to announce the appointment of Mr. Gregg Bush as Chief Operating Officer for the Company. Mr Bush is a proven mine builder with a strong track record of mine development, project integration and operations. Previously, Mr. Bush was the COO of Capstone Mining Corporation for eight years. There, his responsibilities included all aspects of operations, development projects, and new [...]
Highlights of the Mineral Resource Estimate: Total measured and indicated mineral resources of 710,920 gold ounces grading 6.60 g/t gold Total inferred mineral resources of 447,512 gold ounces grading 4.24 g/t gold Mineral resource estimation cutoff grade of 2.5g/t gold. Increased from previous estimate A connected zone of greater than 200,000 gold ounces grading greater than 10 g/t gold within the measured resource in [...]
Heliostar Metals Ltd. is pleased to provide an update on its warrant exercise incentive program previously announced on November 14, 2023 . The Warrant Incentive Program was designed to encourage the early exercise of up to 46,363,630 common share purchase warrants issued on March 16, 2023 . To date, holders of 15,368,864 Outstanding Warrants have committed to participate in the Warrant Incentive Program. Early exercise [...]
Heliostar Metals Ltd. is pleased to announce a warrant exercise incentive program designed to encourage the early exercise of up to 46,363,630 common share purchase warrants issued on March 16, 2023 . Pursuant to the Incentive Program, the Company will offer holders of all 46,363,630 Outstanding Warrants the opportunity to exercise each of their Outstanding Warrants between 12:00 a.m. Pacific Standard Time on November 17 [...]
Highlights: Hole AP-23-309 - 147.05 metres @ 4.13 grams per tonne gold including - 16.0 metres @ 11.2 g/t gold in the Parallel Panel Hole AP-23-308 - 14.8 metres @ 5.06 g/t gold in Parallel Panel These results will not be included in the updated mineral resource estimate the Company expects to announce later this month and represents the potential for further resource growth Heliostar Metals Ltd. is pleased to report [...]
Highlights: 80.4% average gold recovery from seven composites representative of the High Grade Panel Gold recoveries range from 74.6 - 88.1% for these samples Gravity testwork suggests greater than 31% of the gold may be gravity recoverable Confirms the the Company's interpretation that recoveries from high-grade gold mineralization can utilize simpler, lower cost, conventional milling processes Metallurgical process is [...]
Highlights: Drill results identify a Parallel Panel target located ~50 metres north of the High Grade Panel with mutiple high grade intercepts: 38.0m grading 6.95 grams per tonne gold including 6.0m grading 23.3 g/t gold 4.0m grading 10.7 g/t gold 2.0m grading 13.6 g/t gold Deep Expansion Zone beneath the High Grade Panel with open intercepts: 13.5m grading 29.1 g/t gold 40.0m grading 6.30 g/t gold New West Breccia target [...]
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