Latest news with #Heliostar
Toronto Star
21-07-2025
- Business
- Toronto Star
Heliostar Metals to Present at the Metals & Mining Virtual Investor Conference July 24
VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) — Heliostar Metals (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) ('Heliostar' or the 'Company') is pleased to announce that it is participating in the Metals & Mining Virtual Investor Conference hosted by on July 24, 2025. Vice President Investor Relations & Development Stephen Soock will present live to share how the Company's combination of immediate cash flow, meaningful exploration upside, and high-grade resource development set the stage for it to become the next mid-tier gold producer.
Hamilton Spectator
21-07-2025
- Business
- Hamilton Spectator
Heliostar Metals to Present at the Metals & Mining Virtual Investor Conference July 24
VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) — Heliostar Metals (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) ('Heliostar' or the 'Company') is pleased to announce that it is participating in the Metals & Mining Virtual Investor Conference hosted by on July 24, 2025. Vice President Investor Relations & Development Stephen Soock will present live to share how the Company's combination of immediate cash flow, meaningful exploration upside, and high-grade resource development set the stage for it to become the next mid-tier gold producer. DATE: July 24 TIME: 11:00am EDT LINK: REGISTER HERE Available for 1x1 meetings: July 24, 28 and 29 This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at . Recent Company Highlights About Heliostar Metals Ltd. Heliostar is a gold mining and development company with a goal of growing to mid-tier producer status by the end of the decade. The company currently has two producing mines in Mexico - the La Colorada Mine and San Agustin Mine open pit heap leach operations. Heliostar plans to leverage the cash generated by these operations to fund development of its flagship Ana Paula underground project. Ana Paula is a rare combination of bulk tonnage and high grade, with a construction start targeted for 2H 2026 to add 100,000oz/yr to Heliostar's production profile. The company also has a pipeline of other advanced development assets and exploration opportunities across its portfolio to continue to drive growth. About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. CONTACTS: Heliostar Metals Limited Rob Grey Investor Relations Manager (844) 753-0045 Virtual Investor Conferences John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@
Yahoo
15-05-2025
- Business
- Yahoo
Heliostar Drills 56.6 Metres Grading 2.88 g/t Oxide Gold from 68 Metres at the La Colorada Mine, Sonora, Mexico
HIGHLIGHTS: 56.6m grading 2.88 g/t gold from 68m 23.2m grading 14.4 g/t gold from surface (including 0.85m grading 381 g/t gold) 4.05m grading 17.8 g/t gold from 136m 8.7m grading 6.68 g/t gold from 56m 18.85m grading 3.54 g/t gold from 95m Deeper drilling at the Creston Pit shows a combination of wide intervals and high grades Results will be incorporated in an updated technical study for La Colorada expected to be released mid-2025 The focus of drilling at La Colorada will shift to stockpiles and then high-grade veins beneath and along strike from the open pits Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce additional results from an expanded 16,211 metre drilling program at the La Colorada Mine in Sonora, Mexico. La Colorada restarted production in early January 2025, and the current drill program is intended to expand the mineral reserves ahead of an updated technical report and expansion decision planned for mid-2025. Heliostar CEO, Charles Funk, commented, "The turnaround at La Colorada has been a real strength for Heliostar. In the three months since the acquisition, the Company has restarted production and established a mine life of 6.5 years. This drill program has returned a powerful combination of wide gold intervals and high-grade veins, leading to our expanding the program to a total of 104 drill holes. The intervals reported to date are intended to drive stronger economics in an updated technical report planned for mid-2025. A new drilling program at La Colorada will now focus on defining additional mineralized material from historic stockpiles, which we believe can quickly be brought into production. We will then pivot to exploration for underground targets in the second half of the year." Drill Results Summary Mineralization at La Colorada's Creston Pit is predominantly hosted in three veins: the North, Intermediate and South Veins (Figure 1). These veins trend northeast-southwest to east-west, dip northward and are surrounded by halos of smaller mineralized veins. The Creston Pit has historically mined oxide gold and silver from all three of these veins. A current Probable Mineral Reserve of 312,000 ounces of gold grading 0.76 grams per tonne (g/t) gold and 5,074,000 ounces of silver at 10.1 g/t silver is defined at the Creston Pit1. A technical review of expansion potential identified two opportunities for reserve growth, these being near surface extensions of known veins with little or no drill data and exploring the under-sampled mineralization beneath the pit. Both opportunities were defined using historical drilling, blasthole data, mining shapes, and the geological model. Figure 1: Plan view of the Creston Pit showing historic drilling, blast hole samples and Heliostar drillholes. Selected intercepts are labelled. To view an enhanced version of this graphic, please visit: Figure 2: Cross-section view looking west at the eastern end of the Creston Pit. The section shows historic drilling and new Heliostar drillhole results below the planned pit boundary. To view an enhanced version of this graphic, please visit: Blast hole data clearly shows the potential for the continuation of veins at shallow depths that were previously modelled as waste. They contain elevated gold grades that continue to the edge of the pit walls where they remain open for expansion (Figures 1 and 2). At depth, drill spacing is wider than the area above. Additional drilling allows for improved estimation of grade and continuity. The Company has completed 104 holes totalling 16,211 metres in the program to date. This is an expansion on the planned 12,500 metre program. This release reports results for 25 new holes at Creston, two at Gran Central and four metallurgical holes completed at Veta Madre. The majority of the new drill holes targeted extensions of the North, Intermediate and South Veins in areas where drilling is widely spaced yet, within the current Creston resource. They aim to add ounces to the overall Creston resources and reserves. Assay results show narrow to wide, low- to high-grade oxide gold intercepts. Targeted vein zones consistently return intercepts above the 0.16 g/t gold-equivalent cutoff grade of reserves within the Creston pit. The results may increase the tonnes and grade of mineralization in an updated pit shell. If so, that would add to total reserves in an updated technical report. Next Steps Results from the current drill program are being incorporated into a resource model. They will support a reserve update to be published with a technical report in mid-2025, which will include an updated mine plan on any additional economic material defined to date. This drill program is designed to increase the volume of rock containing potentially economic gold mineralization, which, in turn, could improve the overall mine economics. Any zones currently modelled as waste but subsequently modelled as ore from this program would have the double benefit of reducing the overall strip ratio of the Creston pit expansion and adding ounces to the mine plan. That, in-turn, could reduce the up-front capital requirements for the restart of operations and improve the IRR and NPV of the updated technical report compared to the technical report released in January 2025. This upcoming study will be the basis of an investment decision for the expansion of open pit mining production at La Colorada. Following the successful completion of this drill program, the Company will now change the focus of drilling to test historic stockpiles. If drilling is successful, it may provide additional resources and cash flow similar to that currently being generated from the producing Junkyard reserve. The intention is to produce from these low-cost stockpiles to maximize cash flow ahead of primary mining from the open pit pushbacks. In the second half of 2025, the focus will shift to stepping out on the high-grade vein intercepts beneath and along strike from the open pits. The results received to date provide optimism for the potential of an underground future at La Colorada (see our April 9, 2025, press release here). In addition, the Company will advance property scale exploration targets with mapping and geophysics to define drill targets beyond the currently mined areas. Quarterly Review and Future Plans Update The Company presented a live webinar on Tuesday, May 13th, to provide an in-depth review of Heliostar's recently reported preliminary interim results for Q1 2025. The Company also provided a forward-looking overview of what to expect in Q2 and beyond. This included how Heliostar plans to leverage operational cash flow to boost annual gold production from its two operating mines and advance the development of the Ana Paula project. A replay of the webinar can be found on this link. La Colorada Mineral Reserves Statement Classification Zone AuEq Cut-off (g/t) Tonnes (kt) Gold Grade(g/t Au) Silver Grade (g/t Ag) Contained Gold (koz) Contained Silver (koz) Probable El Crestón 0.160 12,841 0.76 10.1 312 4,181 Veta Madre 0.175 1,905 0.70 3.1 43 189 La Chatarrera 0.164 3,413 0.20 6.4 22 704 Total18,159 0.65 8.69 377 5,074 1 La Colorada Operations, Sonora, Mexico, NI 43-101 technical report (the "Report") is dated January 11, 2024, has an effective date of December 4, 2024 Diamond Drilling Results Table HoleID From(metres) To(metres) Interval(metres) Au(g/t) Ag(g/t) % TrueWidth Comment 24-LCDD-290 290.75 310.7 19.95 2.51 98.0 83.4 South Vein including 301.25 306.5 5.25 5.79 115 83.4 South Vein 25-LCDD-291 1.0 13.75 12.75 0.91 14.2 100 Intermediate Vein and 26.5 36.0 9.5 0.47 4.4 99.6 Intermediate Vein and 40.5 46.5 6.0 0.65 3.6 99.6 Intermediate Vein and 68.0 124.6 56.6 2.88 6.9 94.1 Intermediate Vein68.0 124.6 56.6 2.18 6.9 94.1 Top-cut to 23 g/t Au including 111.85 116.9 5.05 9.22 19.4 96.4 South Vein 25-LCDD-292 2.7 33.95 31.25 0.65 34.7 85.4 Intermediate Vein and 41.75 51.0 9.25 0.23 33.6 88.7 Intermediate Vein and 124.9 145.8 20.9 3.63 23.8 82.8 South Vein124.9 145.8 20.9 3.03 23.8 82.8 Top-cut to 20 g/t Au including 135.75 139.8 4.05 17.8 99.9 82.8 South Vein135.75 139.8 4.05 14.6 99.9 82.8 Top-cut to 20 g/t Au 25-LCDD-293 48.35 55.85 7.5 1.00 5.2 77.1 Intermediate Vein and 68.5 79.25 10.75 1.52 1.8 65.1 Intermediate Vein and 92.0 100.7 8.7 2.41 8.4 77.8 Intermediate Vein 25-LCDD-294 0.0 15.3 15.3 0.57 28.1 100 Intermediate Vein and 52.4 82.2 29.8 2.22 22.3 87.8 Intermediate Vein52.4 82.2 29.8 1.62 22.3 87.8 Top-cut to 23 g/t Au including 56.05 64.75 8.7 6.68 62.8 95.1 Intermediate Vein including 56.05 64.75 8.7 4.63 62.8 95.1 Top-cut to 23 g/t Au and 103.0 120.4 17.4 1.08 2.2 99.8 South Vein 25-LCDD-295 24.05 29.6 5.55 0.21 31.3 87.6 South Vein and 35.55 38.35 2.8 0.17 28.0 85.7 South Vein 25-LCDD-296 0.0 29.3 29.3 1.08 7.2 88.9 Intermediate Vein including 5.5 13.65 8.15 3.25 9.7 93.0 Intermediate Vein and 59.2 84.8 25.6 0.66 4.8 80.9 Intermediate Vein and 118.1 135.4 17.3 1.87 9.8 96.2 South Vein including 121.8 124.8 3.0 6.73 25.4 96.2 South Vein 25-LCDD-297 29.9 46.0 16.1 0.29 17.4 85.1 Intermediate Vein and 99.7 127.6 27.9 0.62 12.4 79.0 Intermediate Vein 25-LCDD-298 8.6 20.25 11.65 2.01 16.2 99.3 Intermediate Vein and 77.8 119.05 41.25 1.87 4.9 98.3 South Vein including 95.15 114.0 18.85 3.54 4.8 98.3 South Vein 25-LCDD-299 99.9 108.15 8.25 0.21 13.4 80.6 Gran Central Vein and 114.4 118.0 3.6 0.53 19.0 80.6 Gran Central Vein 25-LCDD-300 0.0 23.2 23.2 14.4 21.8 94.5 Intermediate Vein0.0 23.2 23.2 1.28 21.8 94.5 Top-cut to 23 g/t Au including 9.15 10.0 0.85 381.0 167 94.5 Intermediate Vein9.15 10.0 0.85 23.0 167 94.5 Top-cut to 23 g/t Au and 38.0 51.65 13.65 0.93 12.7 87.6 Intermediate Vein and 66.95 85.2 18.25 0.66 2.1 87.5 Intermediate Vein and 104.9 116.25 11.35 1.47 1.8 91.1 South Vein and 122.5 129.5 7.0 1.18 8.1 91.1 South Vein 25-LCDD-301 35.0 47.4 12.4 0.54 71.8Gran Central Vein Table 2: Significant Drill Intersections. RC Drilling Results Table HoleID From(metres) To(metres) Interval(metres) Au(g/t) Ag(g/t) % TrueWidth Comment 24-LCRC-757 No significant results 24-LCRC-758 No significant results 25-LCRC-759 No significant results 25-LCRC-760 No significant results 25-LCRC-761 No significant results 25-LCRC-762 50.3 61.0 10.7 2.01 2.8 98.9 North Vein including 59.5 61.0 1.5 13.3 4.0 98.9 North Vein 25-LCRC-763 138.7 144.8 6.1 0.42 18.8 100 North Vein and 167.6 179.8 12.2 0.24 4.5 98.9 Intermediate Vein 25-LCRC-765 No significant results 25-LCRC-766 109.7 120.4 10.7 0.77 123 94.7 Intermediate Vein 25-LCRC-767 47.2 53.3 6.1 0.34 51.7 99.0 North Vein 25-LCRC-768 47.2 57.9 10.7 0.62 82.1 95.0 North Vein 25-LCRC-769 245.4 251.5 6.1 7.94 3.2 80.5 Intermediate Vein245.4 251.5 6.1 6.36 3.2 80.5 Top-cut to 23 g/t Au 25-LCRC-770 121.9 128.0 6.1 0.47 5.9 99.1 North Vein and 163.1 169.2 6.1 0.75 4.1 73.7 North Vein 25-LCRC-771 No significant results 25-LCRC-772 No significant results Table 3: Significant Drill Intersections. Veta Madre Metallurgical Drilling Results Table HoleID From(metres) To(metres) Interval(metres) Au(g/t) Ag(g/t) % TrueWidth Comment 24-LCMET-19 43.8 112.5 68.7 0.73 3.3 74.724-LCMET-20 108.6 118.65 10.05 1.00 1.3 69.1and 138.5 223.75 85.25 1.14 4.3 69.1 138.5 223.75 85.25 1.01 4.3 69.1 Top-cut to 7 g/t Au including 149.15 162.8 13.65 3.47 3.4 69.1 149.15 162.8 13.65 2.76 3.4 69.1 Top-cut to 7 g/t Au 24-LCMET-21 166.0 237.0 71 1.26 5.1 79.2 166.0 237.0 71 1.24 5.1 79.2including 223.1 224.4 1.3 8.21 3.4 79.2including 223.1 224.4 1.3 7.00 3.4 79.224-LCMET-22 185.0 247.45 62.45 0.64 6.7 67.2 Table 4: Significant Drill Intersections. Drilling Coordinates Table Hole ID Northing(NAD27 CONUSZone 12N) Easting(NAD27 CONUSZone 12N) Elevation(metres) Azimuth(°) Inclination(°) Length(metres) 25-LCDD-290 542264 3185808 360.4 180 -43 318.25 25-LCDD-291 542641 3185777 182.7 180 -12 154.95 25-LCDD-292 542415 3185710 221.1 180 -49 151.65 25-LCDD-293 542775 3185810 246.0 180 -70 157.25 25-LCDD-294 542641 3185777 182.3 180 -26 132.65 25-LCDD-295 542184 3185598 381.2 215 -40 84.1 25-LCDD-296 542641 3185777 183.2 180 +2 151.25 25-LCDD-297 542425 3185721 221.1 190 -55 138.15 25-LCDD-298 542653 3185788 182.7 170 -20 129.95 25-LCDD-299 540979 3185503 420.4 180 -60 138.05 25-LCDD-300 542653 3185788 183.3 170 -3 150.85 25-LCDD-301 540997 3185454 416.5 180 -55 72.6 24-LCMET-19 543965 3185611 346.0 184 -45 126.0 24-LCMET-20 543890 3185658 418.4 163 -51 223.75 24-LCMET-21 543880 3185639 419.6 180 -47 237.0 24-LCMET-22 543890 3185659 418.4 173 -55 247.45 24-LCRC-757 542065 3185543 458.7 180 -45 128.0 24-LCRC-758 542065 3185621 455.7 180 -45 158.5 25-LCRC-759 542748 3185451 433.6 180 -45 100.6 25-LCRC-760 542750 3185390 439.7 180 -45 152.4 25-LCRC-761 543080 3185936 444.1 180 -45 195.1 25-LCRC-762 543100 3185898 442.4 175 -50 167.6 25-LCRC-763 543025 3185964 460.6 180 -45 213.4 25-LCRC-764 542214 3185673 373.9 180 -50 121.9 25-LCRC-765 542188 3185623 380.2 215 -44 85.3 25-LCRC-766 542215 3185704 371.3 168 -44 176.8 25-LCRC-767 542218 3185725 369.6 180 -55 103.6 25-LCRC-768 542222 3185726 369.5 155 -45 100.6 25-LCRC-769 542975 3185996 472.7 178 -45 256.0 25-LCRC-770 542900 3186006 476.9 180 -49 268.2 25-LCRC-771 542465 3185371 415.1 179 -45 140.2 25-LCRC-772 542465 3185311 433.0 179 -50 152.4 Table 5: Drill Hole Details Quality Assurance / Quality Control Core holes were drilled with PQ, HQ, and NQ tools and drill core was sawn in half with one half submitted for analysis and one half retained as a record. Reverse circulation (RC) holes were drilled with 5-inch and 5-1/4 inch tools. Reverse circulation samples with a mass of >20kg were split into one-quarter, which was submitted for analysis. Reverse circulation samples with a mass of ≤20kg were split into half which was submitted for analysis. Three-quarters or one-half of the samples, respectively were retained as a record. Drill samples were shipped to ALS Limited in Hermosillo, Sonora, Mexico, for sample preparation and for analysis at the ALS laboratory in North Vancouver. The Hermosillo and North Vancouver ALS facilities are ISO/IEC 17025 certified. Gold was assayed by 30-gram fire assay with atomic absorption spectroscopy finish, and overlimits were analyzed by 30-gram fire assay with gravimetric finish. Control samples comprising certified reference and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance / quality control protocol. Statement of Qualified Person Gregg Bush, P. Eng. and Stewart Harris, the Company's Qualified Persons, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, have reviewed the scientific and technical information that forms the basis for this news release and have approved the disclosure herein. Mr. Bush is employed as Chief Operating Officer of the Company, and Mr. Harris is employed as Exploration Manager of the Company. Technical Report Reference 1 La Colorada Operations, Sonora, Mexico, NI 43-101 Technical Report (the "Report") is dated January 11, 2024, has an effective date of December 4, 2024 and was prepared for Heliostar Metals Inc. by Mr. Todd Wakefield, RM SME, Mr. David Thomas, Mr. Jeffrey Choquette, P.E., Mr. Carl Defilippi, RM SME, and Ms. Dawn Garcia, CPG. The Report can be found under the Company's profile on SEDAR+ ( and on Heliostar's website ( About Heliostar Metals Ltd. Heliostar is a gold mining company with production from operating mines in Mexico. This includes the La Colorada Mine in Sonora and the San Agustin Mine in Durango. The Company also has a strong portfolio of development projects in Mexico and the USA. These include the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur and the Unga project in Alaska, USA. FOR ADDITIONAL INFORMATION PLEASE CONTACT: Charles FunkPresident and Chief Executive OfficerHeliostar Metals LimitedEmail: +1 844-753-0045 Rob GreyInvestor Relations ManagerHeliostar Metals LimitedEmail: +1 844-753-0045 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Information This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the open pit intervals are intended to drive stronger economics in an updated technical report planned for mid-2025. Drilling at La Colorada will now be undertaken to define additional stockpile material and then we will pivot to exploration for underground targets in the second half of the year and, leverage operational cash flow to boost annual gold production from its two operating mines and advance the development of the Ana Paula project, the results received to date provide real optimism for the potential of an underground future at La Colorada. Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
28-04-2025
- Business
- Associated Press
Heliostar Delivers Strong First Quarter 2025 Results
Q1 2025 Operational and Financial Highlights Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ('Heliostar' or the 'Company') is pleased to report preliminary interim results for the three months ended March 31, 2025 ('Q1 2025"), which corresponds to the fourth quarter of Heliostar's fiscal reporting year 2024-25. The Company plans to host a corporate update webinar on May 13 th, 2025, at 8:00AM Pacific Time/11:00AM Eastern Time. Full fiscal year-end reporting is anticipated in late July 2025. Heliostar CEO, Charles Funk, commented, 'The first quarter of 2025 was a very strong, first full quarter of production for the Company. We restarted production at La Colorada, fully paid off the acquisition debt and returned lower costs than budgeted. 'In Q2, production is expected to decrease due to drawdown of inventory on the leach pad at San Agustin prior to a planned restart of primary mining activities later in 2025. We remain well on track to meet our production and cost guidance for 2025. 'Heliostar exited the quarter with a strong cash balance of US$27M. This allows us to expand the drilling program at La Colorada and commence the Company's largest drilling campaign at our flagship Ana Paula project, where we see potential to increase the high-grade underground resource. 'Looking forward, in Q2, we are focused on delivering an updated technical report to support a planned increase in production at La Colorada and completing the permitting to allow for the restart of mining at San Agustin. The Company intends to utilize the cash flow from operations to increase annual gold production from both producing mines, as well as build Ana Paula with minimal equity dilution.' Operational and Financial Results 1 Notes: Non-IFRS Measures. This news release refers to certain financial measures, such as all-in sustaining cost, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those made by other companies and accordingly may not be comparable to such measures as reported by other companies. These measures have been derived from the Company's financial statements because the Company believes that they are of assistance in the understanding of the results of operations and its financial position. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company's MD&A for Q4 2024 available on SEDAR+. Cash costs. The Company uses cash costs per ounce of metals sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with IFRS is the cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying cash costs of operations. The Company also believes it is a relevant metric used to understand its operating profitability and ability to generate cash flow. Cash costs are measures developed by metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company's reporting of these non-IFRS financial measures are similar to those reported by other mining companies. They are widely reported in the metals mining industry as a benchmark for performance, but do not have a standardized meaning and are disclosed in addition to IFRS financial measures. Cash costs include production costs, refinery and transportation costs and extraordinary mining duty. Cash costs exclude non-cash depreciation and depletion and site share-based compensation. AISC. AISC more fully defines the total costs associated with producing precious metals. The AISC is calculated based on guidelines published by the World Gold Council (WGC), which were first issued in 2013. In light of new accounting standards and to support further consistency of application, the WGC published an updated Guidance Note in 2018. Other companies may calculate this measure differently because of differences in underlying principles and policies applied. Differences may also arise due to a different definition of sustaining versus growth capital. Note that in respect of AISC metrics within the technical reports, because such economics are disclosed at the project level, corporate general and administrative expenses were not included in the AISC calculations. Statement of Qualified Persons Gregg Bush, and Mike Gingles, Qualified Persons, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, have reviewed the scientific and technical information that forms the basis for this news release and have approved the disclosure herein. Mr. Bush is employed as Chief Operating Officer of the Company, and Mr. Gingles is employed as Vice President of Corporate Development. About Heliostar Metals Ltd. Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production and developing new resources at the La Colorada and San Agustin mines in Mexico, and on developing the 100% owned Ana Paula Project in Guerrero, Mexico. FOR ADDITIONAL INFORMATION PLEASE CONTACT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Information This news release includes certain 'Forward-Looking Statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and 'forward-looking information' under applicable Canadian securities laws. When used in this news release, the words 'anticipate', 'believe', 'estimate', 'expect', 'target', 'plan', 'forecast', 'may', 'would', 'could', 'schedule' and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: In Q2, production is expected to decrease due to drawdown of inventory on the leach pad at San Agustin prior to a planned restart of primary mining activities later in 2025. We remain well on track to meet our production and cost guidance for 2025. This allows us to expand the drilling program at La Colorada and commence the Company's largest drilling campaign at our flagship Ana Paula project, where we see potential to increase the high-grade underground resource. Looking forward, in Q2 we are focused on delivering an updated technical report to support a planned increase in production at La Colorada and completing the permitting to allow for the restart of mining at San Agustin. The Company intends to utilize the cash flow from operations to increase annual gold production from both producing mines as well as build Ana Paula with minimal equity dilution. Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable view the source version of this press release, please visit
Yahoo
31-03-2025
- Business
- Yahoo
Heliostar to Commence 15,000m Ana Paula Drill Program
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce an aggressive drill-out of the Company's 100% owned Ana Paula deposit. The company will mobilize two drill rigs in April to commence the program. Heliostar CEO Charles Funk comments, "We have always wanted to push harder at Ana Paula, and now we can commence the largest drill program in the Company's history. We see potential to further improve the resource at Ana Paula. The program will infill the current resource, step out to expand its boundaries and explore untested areas on the property. Both we and our shareholders have been keen for this opportunity, and it's time to turn the rigs loose at Ana Paula." Ana Paula Drill Program Figure 1: A plan map of the Ana Paula 2023 Mineral Resource clipped to greater than 2g/t gold. Select Infill and Exploration targets labelled. To view an enhanced version of this graphic, please visit: The 2025 program will focus on three aspects to improve the Ana Paula resource: Infill Drilling - Section-by-section drilling on the preferred north-to-south orientation. This will focus on converting inferred ounces to higher confidence categories for underground mining at the High Grade and Parallel Panels (Figure 1). Testing the Extent of Satellite Zones - We will follow up on recent drill intercepts that include 16.0 metres at 16.7 grams per tonne (g/t) gold to the west of the High Grade Panel and 24.0 metres at 5.1 g/t gold over 150 metres beneath the High Grade Panel (Figure 2). Testing Exploration Targets North of the Parallel Panel - The 2023 resource estimate highlights a number of poorly defined high-grade gold intercepts. These intercepts model as discrete zones of high-grade mineralization but remain poorly defined due to a lack of drilling. Heliostar believes these may be repetitions to the north of the interpreted east-west fault controls that host the High Grade Panel and Parallel Panels. They represent excellent exploration targets for the growth of the Ana Paula deposit (Figure 3). Figure 2: A cross-section with the resource model from 2023 Mineral Resource Estimate highlighting the High Grade Panel (clipped to greater than 2 g/t gold resource blocks) and hole AP-24-319, an open deeper intercept to be followed up with the planned program. To view an enhanced version of this graphic, please visit: Figure 3: A north-south section through the 2023 Ana Paula Resource. Major zones, the High Grade Panel, Parallel Panel and Expansion Zone, are labelled along with new northern exploration targets that will be tested in the 2025 drilling program. To view an enhanced version of this graphic, please visit: The company expects the drill program to be continuous through the remainder of 2025 and provide steady newsflow over this period. Statement of Qualified Person Stewart Harris, a Qualified Person, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Harris is employed as Exploration Manager of the Company. About Heliostar Metals Ltd. Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico and has recently entered into an agreement to acquire a portfolio of production and development assets in Mexico. FOR ADDITIONAL INFORMATION PLEASE CONTACT: Charles FunkPresident and Chief Executive OfficerHeliostar Metals LimitedEmail: +1 844-753-0045 Rob GreyInvestor Relations ManagerHeliostar Metals LimitedEmail: +1 844-753-0045 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Information This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, we see potential to improve the resource at Ana Paula. The program will infill the current resource, step out to expand its boundaries, and explore untested areas on the property, and, they represent excellent exploration targets for growth of the Ana Paula deposit. Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law. To view the source version of this press release, please visit Sign in to access your portfolio
