Heliostar Metals Ltd. reports that it has filed a technical report on an update of the 2017 Pre-feasibility Study on the Ana Paula Deposit in Guerrero, Mexico with the securities exchange. The updated PFS, effective February 28, 2023, reflects current metal prices and input costs. Heliostar CEO, Charles Funk, comments "Updating the Pre-feasibility study was a key document required be the securities exchange for approval [...]
Heliostar Metals Ltd. is pleased to provide a detailed plan for the re-scoping of the Ana Paula gold deposit. This re-scope will target an improved financial outcome through an increase in the reserves and resources of the project and incorporation of underground mining and simplification of the mill flowsheet. The re-scoping will be focused on the High-Grade Panel at the core of the Ana Paula Deposit and is anticipated [...]
Heliostar Metals Ltd. is pleased to announce that the Company has closed its transaction with Argonaut Gold Inc. in which it has acquired, indirectly, the Ana Paula Gold Project . Heliostar now holds a 100% interest in the Ana Paula Gold deposit in Mexico . Heliostar CEO, Charles Funk commented, "Heliostar is now the owner of the Ana Paula Gold deposit, a 1.4-million-ounce resource with a PFS and permits for open pit [...]
Heliostar Metals Ltd. announces that, pursuant to the Company's Omnibus Equity Incentive Compensation Plan, it has granted 8,651,250 stock options at an exercise price of $0.30 and 2,218,750 restricted share units to directors, officers, employees and consultants of the Company. The Options are exercisable for a period of five years and will vest over the next two years. The RSUs will vest in three equal annual [...]
Heliostar Metals Ltd. is pleased to announce that trading in the Company's shares will resume at the open of the market today, March 22nd on the TSX Venture exchange. Heliostar CEO Charles Funk commented, "This is another key milestone for shareholders of the Company as we complete our transformation to become a gold developer. The Company closed a C$20.4 Million financing on March 17th, resumes trading today and expects [...]
Heliostar Metals Ltd. is pleased to announce that further to its news releases dated December 5, 2022, January 17, 2023 and March 3, 2023, it has closed its previously announced non-brokered private placement offering , of which the Company issued 92,727,272 units at a price of C$0.22 per Unit for gross aggregate proceeds of approximately C$20,400,000 . The Company is also pleased to provide an update on its proposed [...]
Heliostar Metals Ltd. is pleased to announce that, in connection with the non-brokered private placement announced on January 17th, the Company has increased the size of the previously announced offering to 92,750,000 units of the Company at a price of C$0.22 per Unit for gross aggregate proceeds of up to approximately C$20,400,000 . Each Unit will consist of one common share in the capital of the Company and one-half of [...]
Heliostar Metals Ltd. is pleased to announce a non-brokered private placement of up to 74,000,000 units of the Company at a price of C$0.22 per Unit for gross aggregate proceeds of up to approximately C$16,280,000 . Each Unit will consist of one common share in the capital of the Company and one-half of one non-transferable Common Share purchase warrant . Each Warrant shall entitle the holder thereof to purchase one [...]
Highlights: Heliostar has entered into definitive agreements with Argonaut Gold to acquire the Ana Paula Gold Project and option the San Antonio Gold Project in Mexico. Ana Paula is permitted for an open pit mine with measured and indicated mineral resources of 1.46 Moz gold at 2.17 g/t gold and 3.27 Moz silver at 4.8 g/t silver.1 San Antonio is a high grade oxide resource containing M&I mineral resources of 1.73 Moz of [...]
Heliostar Metals Ltd. is pleased to announce that, further to its news releases dated June 23, 2022 it has closed its non-brokered private placement offering . 12,020,000 units of the Company were issued at a price of $0.25 per Unit for gross proceeds of $3,005,000. About the Private Placement Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant . Each Warrant [...]
Heliostar Metals Ltd. is pleased to announce a non-brokered private placement of up to 12,000,000 units at a price of $0.25 per Unit for gross proceeds of approximately $3,000,000 . Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant . Each Warrant shall initially entitle the holder to purchase one additional Common Share at an exercise price of $0.50 per Common [...]
Heliostar Metals Ltd. announces gold mineralized intercepts in drilling at the 100% owned Cumaro Project in northern Sonora, Mexico. Highlights Gold mineralization encountered in 10 of 11 drill holes from the Verde Target. Intercepts include: VVDH22-09 0.89 gram per tonne gold equivalent over 8.1 metres . Including, 1.65 g/t AuEq over 3 m VVDH21-02 1.87 g/t AuEq over 1.15 m VVDH21-01 1.79 g/t AuEq over 1.1 m Verde is the [...]
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