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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Heliostar Metals Ltd. is pleased to announce that it has closed a non-brokered private placement of 10,000,000 units at a price of $0.60 per Unit for gross proceeds of $6,000,000 . The Company is pleased to advise that Eric Sprott, through 2176423 Ontario Ltd., subscribed for the entire Private Placement. Each Unit consists of one common share in [...]
Heliostar Metals Ltd. is pleased to announce that it has appointed Mr. Mike Gingles as Vice President Corporate Development. Mr. Gingles has over 35 years of corporate and entrepreneurial experience in the mining industry and is credited with leading corporate transactions for Pueblo Viejo and Turquoise Ridge that resulted in the development of [...]
Heliostar Metals Ltd. is pleased to announce a non-brokered private placement of 10,000,000 units at a price of $0.60 per Unit for gross proceeds of $6,000,000 . 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 [...]
Heliostar Metals Ltd. is pleased to announce that it commenced a 5,000 metre diamond drill program at its Ana Paula Project in Mexico . The two stage drill program will test the east, west and down dip extensions of the High Grade Panel and the Parallel Panel targets. Phase one will consist of seven drill holes totalling 2,600 metres and phase two [...]
HIGHLIGHTS: Up to US$5 million working capital facility with Ocean Partners Immediately available Interest rate 3 month SOFR + 4% Matures on December 31, 2025 Up to US$5M transaction closing facility with Deans Knight Available to fund US$5M closing payment to acquire a Mexican asset portfolio from the former Argonaut Gold Interest rate 15% Mature [...]
Heliostar Metals Ltd. is pleased to announce that it has closed the final tranche of its non-brokered private placement offering . Timing for closing of the Final Tranche was driven by the need to obtain TSX Venture Exchange approval for a new insider position. Pursuant to the Final Tranche, the Company issued an aggregate of 1,886,000 Shares at a [...]
