CA Market News
5日前
Heliostar Announces Closing of Option Agreement with Zacatecas Silver for Non-Core PropertiesJune 8, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 8, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce it has completed the previously announced option agreement with Zacatecas Silver Corp. (TSXV: ZAC) ("Zacatecas Silver"). As announced on March 2, 2026, the Company has granted Zacatecas the option to acquire a 100% interest in certain non-core exploration properties. These consist of the Cumaro, La Lola, Oso Negro and Ejutla early-stage exploration projects located in Mexico. The agreement consists of staged payments to Heliostar over the next three years totalling $450,000 in cash and $750,000 in shares of Zacatecas Silver, with $129,000 in cash paid and 4,217,845 shares of Zacatecas Silver issued to Heliostar on closing. The Company also retains a 2% net smelter return royalty (NSR) on the properties, with 1% available for repurchase any time prior to commercial production for $2,000,000. About Heliostar Metals Ltd.Heliostar is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company's La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, and the Goldstrike project in Utah.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 InformationThis 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, receipt of shares and cash payments from Zacatecas Silver and the retention of a 2% net smelter return royalty (NSR) on the Cumaro, La Lola, Oso Negro and Ejutla properties. 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 https://www.newsfilecorp.com/release/300462 Original: Heliostar Announces Closing of Option Agreement with Zacatecas Silver for Non-Core Properties
CA Market News
3週前
Heliostar Publishes Inaugural Sustainability ReportMay 21, 2026 6:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to release its inaugural Sustainability Report. Covering the 2025 fiscal year, the report highlights the Company's sustainability practices and achievements in environmental stewardship, health and safety, developing our people, community investment, responsible governance, and economic impact. The full report can be found on the Company's website. Heliostar CEO, Charles Funk, commented, "We're proud to introduce our first annual Sustainability Report. It's a key milestone along Heliostar's growth into a mid-tier gold producer that reflects our commitment to sustainable mining and benefiting the communities in which we operate. While we have always strived to operate in a responsible manner, with this report, we have formalized our approach and communication. As our operations mature and expand, so does our responsibility to be more transparent about our sustainability priorities and performance metrics. This report gives us a strong foundation for ongoing accountability, identifies areas for improvement and facilitates an open dialogue with all our stakeholders."Highlights from the 2025 Sustainability Report: 99% of our employees and 97% of our procurement spending are based in Mexico, demonstrating our commitment to local hiring and sourcing84% increase in labour compared to 2024, with 404 employees and 333 contractors working for Heliostar and our subsidiaries Contributed US$1.1 million in social investments, supporting education initiatives, including 612 student scholarships, local infrastructure projects, and public health servicesReused over 90% of process water through our closed-loop systems, minimizing our freshwater consumptionDiverted 38% of all waste from landfills through recycling and reuse initiativesReforested 47 hectares of land with 17,468 native trees, 17% of which were cultivated at our own nurseries in San Agustin and El CastilloPaid US$10.6 million in taxes, royalties, and other payments to governmentsAchieved a Total Recordable Injury Frequency Rate (TRIFR) of 0.60 per 200,000 worked hoursThe report has been prepared with reference to the Global Reporting Initiative (GRI) Standards, including the GRI Sector Standard for Mining. In addition, we have incorporated the Sustainability Accounting Standards Board (SASB) Metals & Mining Industry Standard (Version 2023-12) disclosures. These standards were selected to provide relevant and comparable information to our stakeholders. We are committed to the continued improvement of the quality and scope of our disclosures.About Heliostar Metals Ltd.Heliostar is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company's La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, and the Goldstrike project in Utah.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 Company's goal of becoming a mid-tier producer, the mine performance, production plans and the free cashflow generation from our operating mines, all profits generated from operations to be reinvested directly into our Company's growth and this reinvestment will focus on expanding production and growing resources across our portfolio.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 https://www.newsfilecorp.com/release/298325 Original: Heliostar Publishes Inaugural Sustainability Report
CA Market News
1月前
Heliostar Grants Options and RSUs Under Its Omnibus Equity Incentive Compensation PlanMay 13, 2026 6:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") announces that, pursuant to the Company's Omnibus Equity Incentive Compensation Plan, it has granted 7,550,000 stock options ("Options") at an exercise price of $2.26 and 705,000 restricted share units (each, an "RSU") to directors, officers, employees, management company employees and consultants of the Company. The Options are exercisable for a period of five years and will vest over the next three years. The RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.About Heliostar Metals Ltd.Heliostar is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company's La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, and the Goldstrike project in Utah.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 InformationThis 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, timing and economics of mineral production, ability to expand production, resources, and exploration potential. 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 https://www.newsfilecorp.com/release/297256 Original: Heliostar Grants Options and RSUs Under Its Omnibus Equity Incentive Compensation Plan
CA Market News
1月前
Heliostar Presents Record Q1 2026 Financial and Operating ResultsMay 12, 2026 6:30 AM
NewsfileQ1 2026 Highlights:Produced a record 11,743 ounces of gold and 43,798 ounces of silverCash cost of $1,602 per ounce of gold sold and all-in sustaining costs ("AISC") of $1,996 per ounce of gold sold, ahead of full year guidance rangeAverage gold sale price of $4,850 per ounce Record mine operating earnings of $30.9 million; net income of $14.0 million; $4.6 million of exploration expenses and $4.8 million advancing Ana Paula$38.7 million in cash plus $10.0 million sales receivables, due to sales delayed at the beginning of the war in Iran to achieve a higher sale price$21.0 million increase in working capital quarter over quarter to a record $70.0 million and no debt First gold pour from the restart of mining at San Agustin in late JanuaryVancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") reported unaudited financial results for the three months ended March 31, 2026 ("Q1"). Results are presented in US dollars, unless otherwise stated.Heliostar CEO, Charles Funk, commented, "In Q1, Heliostar had record gold production, record revenue, record mine operating earnings and record working capital. We are taking advantage of the strong gold price environment to maximize cash generation from our production assets and using the cash flow to bring Ana Paula toward production. Execution of our strategy is on track as we have continued to build our balance sheet while aggressively drilling across the portfolio. This allows us to grow the business on two fronts - adding to our already substantial resource base and establishing the financial platform to build Ana Paula without equity dilution."Within the quarter, we ramped up the restart of mining at San Agustin, which contributed for slightly over two months and sets a platform for further production growth in Q2. We also acquired the Goldstrike project in Utah, which fits our profile of finding accretive acquisition opportunities that fly under the radar. We continue a clear strategy of production growth on shareholder first terms and build towards our corporate goal of being a 500,000 ounce per year producer by the end of the decade."Q1 Results Conference CallHeliostar will host a conference call on Wednesday, May 13, 2026, at 1:00 PM Eastern Time/10:00 AM Pacific Time. The call will provide a corporate update following the release of the first financial and operating results for 2026.Please use the link here to register for the call or visit the Company website at www.heliostarmetals.com.Q1 Operational and Financial HighlightsRecord total gold production of 11,743 gold ounces and 43,798 ounces of silver produced. A total of 9,980 gold ounces and 10,610 silver ounces were sold in Q1. The Company delayed the sale of metals near quarter-end to manage a pullback in prices resulting from the commencement of the war in Iran. This included 2,207 ounces of gold sold in the last few days of the quarter for which payment of $10.0 million was received subsequent to quarter-end. The Company is on track to achieve production guidance of 50,000-55,000 gold ounces as announced on January 13, 2026.Total cash cost of $1,602 and AISC of $1,996 per ounce of gold sold in Q1 2026 (see "Non-IFRS Measures"). AISC decreased compared to the previous quarter, due to the completion of capital expenditures at San Agustin to bring that mine back into production and by-product credits from inventory of gold-bearing carbon fines produced through 2025 and sold in the quarter. Costs in Q1 were below the guidance range of $1,775-$1,875 per gold ounce for cash costs and $2,150-$2,250 per gold ounce for AISC as announced on January 13, 2026.Mine operating earnings of $30.9 million for $21.9 million after taxes. Operating margin in the quarter benefited from a rising gold market and decreased per ounce costs, slightly offset by an increase in leach pad inventory build at San Agustin due to the restart of stacking fresh ore on the pad.Net income of $14.1 million, or $0.05 per share or $0.05 per share, on a fully diluted basis. This compares to net income of $9.3 million ($0.04 per share) for the previous quarter. The increase was due to stronger mine operating earnings driven by a rising gold price, lower operating unit costs and positive movement in foreign exchange rates. Strengthened financial position and liquidity: On March 31, 2026, the Company had cash of $38.7 million and working capital of $70.0 million (compared to $49.0 million in working capital at the end of the previous quarter). Working capital is defined as current assets less current liabilities and includes $10.0 million in sales receivable for gold sold near the end of the quarter.Maintained stable production at La Colorada mine. Crusher feed from the stockpiles continued through until early March, with the mine having now transitioned to production from injection and residual leaching. On the back of the early success of the injection leaching program, the Company has added a second injection leaching system, allowing the operation to recover additional ounces from material previously stacked on the leach pad. The Company intends to expand the Veta Madre pit to exploit 48k ounces of contained gold reserves, with waste stripping for the pit pushback on track to start in Q3 2026. Results of the recently concluded drill program at Veta Madre Plus will be incorporated into a modified resource and pit design. Successful ramp-up at San Agustin. Through Q1, the Company focused on ramping up primary mining, crushing and stacking activities from the restarted San Agustin Mine. The first gold from the new ore stacked on the leach pad was poured in late January 2026. The operation has since successfully ramped up to steady-state production, and gold production from the San Agustin mine will be a major cash flow contributor for Heliostar through 2026 and beyond. Reserves at the Corner are estimated at 68k ounces of gold. In Q1, drill results from step-outs up to 200 metres from the edge of the current pit were reported. These showed consistent mineralization with similar grade, thickness and depth as the ore currently being profitably mined by the Company. Infill and Expansion Zone exploration drilling success at Ana Paula. The infill drill program continued to encounter wide zones of high-grade mineralization in areas currently classified as inferred resources at the Ana Paula deposit, including 69 metres of 10.1 grams per tonne ("g/t") gold as per the April 23, 2026, press release (Heliostar Drills 69 metres Grading 10.1 g/t Gold in the High Grade Panel at Ana Paula). These results will be incorporated into an updated resource that will support the upcoming Feasibility Study. In addition, the Company reported results from step-down drilling into the Expansion Zone, with results of up to 101 metres of 5.34 g/t gold as per the April 9, 2026, press release (Heliostar Drills 101 metres Grading 5.34 g/t Gold in the Ana Paula Expansion Zone). Technical and regulatory programs are being advanced in parallel and will continue through 2026 to complete a bankable feasibility study in Q2 2027. Goldstrike project in Utah acquired. Heliostar acquired the Goldstrike project in Utah, USA, from Liberty Gold Corp. for total consideration of $72.5 million, paid over five years, of which $10.0 million was paid, and 1,593,213 shares were issued at closing on April 24, 2026. The project is located in the Great Basin, and hosts indicated resources of 975koz at 0.48 g/t gold in 65.8 million tonnes ("Mt") in a Carlin-style system as per the March 24, 2026, press release (Heliostar Introduces Goldstrike Project and Updated Mineral Resource) The Company sees significant exploration potential at depth since most of the drilling only extends to 200 metres below surface. In addition, the property hosts critical mineral potential in the Antimony Ridge prospect. This includes a past producing antimony mine and high-grade grab samples up to 5.7% antimony. Operational and Financial Results Results are reported for the three months ended March 31, 2026 (noted as Q1) and for the three months ended March 31, 2025, unless otherwise specified.1A summary of the Company's consolidated operational and financial results for the reporting period is presented below:Key Performance MetricsQ1 2026Q1 2025Operational
Gold produced (ounces)11,7438,787Silver produced (ounces)43,79827,466 Gold sold (ounces)9,9807,710 Silver sold (ounces)10,610 22,927 Cash cost2 per gold ounce sold $1,602$1,174AISC2 per gold ounce sold $1,996 $1,744Financial (in '000s)
Revenues $54,398$22,742Mine operating earnings $30,886$11,510Exploration expenses $4,596$2,363Net income (loss) before tax$23,119($27,604)Cash $38,741$27,185Total assets $165,425$117,226Working Capital$70,032$41,433 2. Non-IFRS measure. Refer to the "Non-IFRS Measures" section of this news release.Consolidated Production and CostsProduction of 11,743 gold ounces in Q1 was reported from the La Colorada and the San Agustin mines. The Company is on track to achieve its unchanged full year production guidance of 50,000-55,000 ounces of gold and 290,000-320,000 ounces of silver. The consolidated cash costs for the producing operations for Q1 were $1,602 per gold ounce sold, and the consolidated AISC was $1,996 per gold ounce sold. Costs in Q1 were below the full-year guidance range. Cash cost and AISC reductions from the previous quarter ended December 31, 2025, are due to the completion of capital expenditures at San Agustin to bring that mine back into production and by-product credits from inventory of gold-bearing carbon fines produced through 2025 and sold in the quarter, including carbon fines from El Castillo.La Colorada MineOperating results for Q1 2026 were as follows:La Colorada
Q1 2026Q1 2025Gold producedoz6,8904,109Silver producedoz33,48018,279Gold soldoz5,5623,092Silver soldoz8,41312,468Cash cost (by-product)1$/gold ounce sold$1,601$909AISC (by-product)1 $/gold ounce sold$1,703$981 During Q1, the La Colorada mine produced 6,890 gold ounces and 33,480 ounces of silver with sales of 5,562 gold ounces and 8,413 silver ounces. Gold sales at the end of the quarter were intentionally delayed to avoid selling during a brief pullback in global precious metals prices. These ounces have since been sold. In Q1, cash costs were $1,601 per gold ounce sold, and AISC was $1,703 per gold ounce sold. The lower cash costs and AISC compared to the previous quarter ended December 31, 2025, were driven by the increase in ounces sold and the cessation of crushing activities partway through the quarter as stockpile material was exhausted. The by-product carbon fines from 2025 were also sold in the quarter, further reducing cash costs and AISC.Mining of the currently defined surface stockpiles was completed in Q1 2026. Production through the remainder of 2026 will come from pressure injection technology to access partially leached material within the pad and residual leaching of recently stacked ore. The Company has been successfully utilizing injection leaching technology since November 2025 and has recently added a second injection system to continue to drive production. The Company is on track to start capitalized waste stripping activities to expand the Veta Madre pit in the second half of 2026. This will enable Heliostar to exploit the 48k ounces of gold reserve, which will drive 2027 production. Engineering of the Veta Madre Plus expanded pit is ongoing, informed by the recent drill campaign to better define additional mineralization outside of the current reserve pit design. The Company remains on track to bring ore from Veta Madre into production starting in H1 2027 and continuing through into 2028. San Agustin MineOperating results for Q1 2026 were as follows:San Agustin
Q1 2026Q1 2025Gold producedoz4,8534,412Silver producedoz10,3188,640Gold soldoz4,4184,121Silver soldoz2,1979,936Cash cost (by-product)1$/gold ounce sold$1,874$1,284AISC (by-product)1 $/gold ounce sold$2,170 $1,356 In Q1, San Agustin produced 4,853 ounces of gold and 10,318 ounces of silver with sales of 4,418 gold ounces and 2,197 silver ounces. For the first quarter of 2026, cash costs were $1,874 per gold ounce sold, and AISC was $2,116 per gold ounce sold. The decrease compared to the previous quarter ended December 31, 2025, was the result of the operation having completed the capital spend to bring the mine back into production in Q4 and increasing gold sales through achieving steady state production in Q1. By-product inventory of carbon fines from 2025 was also sold in the quarter, further reducing cash cost and AISC.During the quarter, the mine successfully ramped up production from mining the Corner area reserve. The operation poured the first gold from new ore stacked on the leach pad in late January, with steady state production achieved mid-way through the quarter. Mining of the Corner area reserve will continue through 2026 and into 2027. Reserves at the Corner are estimated at 68k ounces of gold. A 15,000-18,000 metre drill campaign at San Agustin is ongoing, focused on defining additional oxide resources at the margins of the existing open pit. Initial results from this program included 35.1 metre grading 0.40 g/t AuEq (0.39 g/t Au + 7.0 g/t Ag) and 19.8 metre grading 0.60 g/t AuEq (0.52 g/t Au + 46 g/t Ag) both starting from 1.5m deep as per the March 17, 2026 press release (Heliostar Drills Multiple Gold Intercepts over 200 Metres From Pit Edge at San Agustin). These results show similar grades, thicknesses and depths to the material currently being profitably mined at the operation. Additional assays expected to be released throughout the year. Once defined, this material will be incorporated into the mine plan to extend the mine life.Ana Paula ProjectDevelopment and exploration expenditures at the flagship Ana Paula Project were $4.8 million in Q1, primarily relating to ongoing drilling and study work to support the upcoming feasibility study. During Q1, the Company completed a 25,000-metre drilling program at Ana Paula with the objective of delivering mineral reserves that will support a 10-year life-of-mine in the Feasibility Study planned to be released in the first half of 2027. The infill drill program continues to refine the inferred resource, encountering a broad width of high-grade mineralization, including 68 metres of 10.1 g/t gold. These results will be incorporated into the updated resource that will form the basis of the upcoming Feasibility Study. An additional 10,000-metre program is underway targeting the Expansion Zone beneath the High Grade Panel. The zone continues to demonstrate high-grade mineralization continuing at depth, including 101 metres of 5.34 g/t gold, with ~70 metres of that interval extending below the deepest designed stope in the November PEA. Results from additional holes are pending from this area and are expected to be released in the coming months.In parallel, work on the Feasibility Study is ongoing. This includes advanced metallurgical testing, updating the resource to include the recent drilling, detailed process plant design and mine plan optimization. Heliostar is also rapidly advancing permitting and is on track to submit the permit modification for the underground mine and associated surface infrastructure in mid-2026. The Company intends to provide an update on the progress of the Feasibility Study work in Q3, ahead of its planned publication in Q2 2027.Cerro del Gallo ProjectFollowing the publication of the pre-feasibility study in late 2025, social engagement and desktop study work have continued at Cerro del Gallo. The work program for the project for 2026 is focused on social engagement with the local stakeholders, collecting additional metallurgical samples through a small drill program and unlocking the full potential of the land-package-constrained reserve. Goldstrike ProjectThe Company announced the acquisition of the Goldstrike project from Liberty Gold Corp. on March 23, 2026, and subsequently closed the acquisition on April 24, 2026. The project hosts indicated gold resources of 975koz at 0.48 g/t in 65.8Mt plus inferred resources of 90koz at 0.36 g/t in 8.9Mt, as reported by the Company on March 24, 2026. The acquisition provides geographic diversification, adds another high-quality development project to the Company's pipeline and adds critical minerals exposure through the Antimony Ridge prospect on the east end of the property. The Company will evaluate potential strategic options for the Goldstrike Project, including, but not limited to, sequencing development within the Company's existing growth project pipeline and the use of special purpose vehicles to separate gold and critical minerals value streams. Future development work will focus on resource expansion, investigating the full potential of Antimony Ridge, and confirming the processing and infrastructure plans.Funding OverviewIn the three months ended March 31, 2026, 11.4 million warrants and 0.5 million stock options were exercised for total proceeds of $2.6 million and 50,000 RSUs vested and were settled in shares. As of March 31, 2026, the Company had no debt.Non-IFRS Measures. This news release refers to certain financial measures, such as all-in-sustaining costs, 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 understanding 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 fiscal 2025, available on SEDAR+.Cash costs. The Company uses cash costs per gold equivalent ounce sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with IFRS is 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-GAAP financial measures is 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 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. Production costs include mining, crushing, processing, and direct overhead at the operation sites.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. AISC per GEO includes mining, processing, direct overhead, reclamation and sustaining capital.Statement of Qualified PersonsGregg Bush, P.Eng., and Mike Gingles, P. Geo., 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 is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company's La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, and the Goldstrike project in Utah.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 InformationThis 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 Company's goal of becoming a mid-tier producer, the mine performance, production plans and the free cashflow generation from our operating mines, all profits generated from operations to be reinvested directly into our Companies growth and this reinvestment will focus on expanding production and growing resources across our portfolio.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.1 During the prior fiscal period, the Company changed its financial year-end from March 31 to December 31. As a result, the Company's most recent consolidated financial statements were prepared for the nine-month period ended December 31, 2025. The condensed consolidated interim financial statements for the three months ended March 31, 2026, represent the first interim reporting period under the Company's new December 31 fiscal year end. Accordingly, this is the first time the Company is presenting comparative financial information for the three-month period ended March 31, 2025, and the comparative information differs from that presented in prior interim financial statements and may not be directly comparable to previously reported quarterly results.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297069 Original: Heliostar Presents Record Q1 2026 Financial and Operating Results
CA Market News
1月前
Heliostar Files Technical Report for Goldstrike ProjectMay 7, 2026 6:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") announces that, further to its news release dated March 24, 2026, it has filed a Technical Report for its recently acquired Goldstrike Project located in Utah, USA.The technical report was prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects. It has an effective date of March 23, 2026, with SLR Consulting (Canada) Ltd. as the lead author and consultant. The technical report titled "NI 43-101 Technical Report Goldstrike Project, Utah, USA" has been filed on the SEDAR+ website at www.sedarplus.ca and posted on the Company's website at www.heliostarmetals.com. About Heliostar Metals Ltd.Heliostar is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company's La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, and the Goldstrike project in Utah.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 InformationThis 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, timing and economics of mineral production, ability to expand production, resources, and exploration potential. 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.This news release includes certain non-International Financial Reporting Standards (IFRS) measures. The Company has included these measures, in addition to conventional measures conforming with IFRS, to provide investors with an improved ability to evaluate the project and provide comparability between projects. The non-IFRS measures, which are generally considered standard measures within the mining industry albeit with non-standard definitions, are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Cash costs (Cash Costs) are a common financial performance measure in the gold mining industry but with no standard meaning under IFRS. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate each project's economic results in the technical reports and each project's potential to generate operating earnings and cash flow. All-in Sustaining Costs (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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296400 Original: Heliostar Files Technical Report for Goldstrike Project
CA Market News
1月前
Heliostar Announces Addition to Management Team and Ana Paula Focused ReorganizationMay 6, 2026 6:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 6, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has appointed Dennis Wilson as Vice President, Health, Safety, Environment and Sustainability. In addition, Hernan Dorado has been moved into a new role as Vice President of Operations from his previous role as Vice President Sustainability and Special Projects. The general managers at the operating San Agustin and La Colorada mines, who previously reported directly to COO Gregg Bush, will now report through the VP Operations role. Heliostar CEO Charles Funk commented, "The reorganization announced today is designed to allow management to focus on bringing Ana Paula into production. In 2025, the Company's priority was on restarting two mines and optimizing their production profiles to support our growth. In 2026, that strategic priority pivots to Ana Paula. Hernan's new position will allow him to guide the operations of the producing mines, increasing Gregg's capacity to focus on executing the Feasibility Study and construction of Ana Paula."We are delighted to welcome Dennis to the team. He brings a great depth of experience in health and safety and sustainability through his global career. As a rapidly growing company with more than 800 contractors and employees, Dennis will ensure we have the proper processes in place to execute our growth ambitions in a responsible manner. This is another step forward in our maturation as a Company as we grow towards our goal of becoming a 500,000 ounce per year producer by the end of the decade."Mr. Wilson has 15 years of experience in heavy industry and over 20 years of experience in mining in Australia, Canada, the US, Mexico, and Brazil. He has served as the Environment, Health, Safety and Sustainability lead for several companies, including New Gold, Equinox Gold and STLLR Gold. He has experience implementing internationally recognized sustainability systems and standards, significantly improving performance across his areas of management. His career has included all stages of mine development; including exploration, operations and closure. Mr. Wilson holds a Bachelor of Applied Science (Environmental Science).About Heliostar Metals Ltd.Heliostar is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company's La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur, the Goldstrike project in Utah and the Unga project in Alaska.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 InformationThis 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, show the full extent of the deposit, upgrade and expand the resource base, growing our annual production profile in the near term and bringing additional production online.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 https://www.newsfilecorp.com/release/296126 Original: Heliostar Announces Addition to Management Team and Ana Paula Focused Reorganization
CA Market News
2月前
Heliostar Announces Closing of the Acquisition of the Goldstrike Project in UtahApril 27, 2026 6:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") announces that, further to its news release dated March 23, 2026, it has completed the acquisition of a 100% interest in the Goldstrike project located in Utah, USA (the "Goldstrike Project") from Liberty Gold Corp. Initial consideration consists of US$10.0 million in cash plus 1,593,213 shares of the Company, with additional staged payments totaling US$60.0 million over the next five years. Heliostar will be publishing an updated technical report next month to support the updated Mineral Resource of 975,000 Indicated gold ounces at 0.46 grams per tonne ("g/t") plus 90,000 Inferred gold ounces at 0.31 g/t announced on March 24, 2026. The Company will evaluate potential strategic options for the Goldstrike Project, including, but not limited to, sequencing development within the Company's existing growth project pipeline and the use of special purpose vehicles to separate gold and critical minerals value streams. Future development work will focus on resource expansion, investigating the full potential of Antimony Ridge, and confirming the processing and infrastructure plans.About Heliostar Metals Ltd.Heliostar is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company's La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur, the Goldstrike project in Utah and the Unga project in Alaska.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 InformationThis 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, show the full extent of the deposit, upgrade and expand the resource base, growing our annual production profile in the near term and bringing additional production online.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 https://www.newsfilecorp.com/release/294313
Original: Heliostar Announces Closing of the Acquisition of the Goldstrike Project in Utah
CA Market News
2月前
Heliostar Drills 69 Metres Grading 10.1 g/t Gold in the High Grade Panel at Ana PaulaApril 23, 2026 6:30 AM
NewsfileHIGHLIGHTS:High Grade Panel69.15 m grading 10.09 g/t from 93.0 m43.8 m grading 13.9 g/t from 104.55 m, including 19.85 m grading 22.5 g/t28.95 m grading 11.2 g/t from 163.35 m 30.65 m grading 11.3 g/t from 94.0 m, including 14.1 m grading 22.1 g/tInfill drilling continues to support the conversion of inferred material to higher confidence classifications Drilling to support the Feasibility Study and exploration of new mineralization is ongoingVancouver, British Columbia--(Newsfile Corp. - April 23, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce additional results from the ongoing drill program at its 100% owned Ana Paula project in Guerrero, Mexico. The program aims to convert inferred ounces to higher confidence classifications. It will also support the ongoing Feasibility Study and test the next exploration targets around the Ana Paula deposit. Heliostar CEO, Charles Funk, commented, "Today's results highlight the unique nature of the High Grade Panel in its ability to consistently return exceptionally high-grade gold over broad intercepts. The infill drill program continues to confirm this style of mineralization in portions of the deposit currently in the inferred category. We are on track to upgrade these zones to include them in the mine plan in the 2027 Feasibility Study for Ana Paula. Our aim for this study is to expand the nine-year mine life and ~100,000 ounce per year high-margin production profile shown in our November 2025 Preliminary Economic Study. Bringing the Ana Paula mine online in 2028 will be a major step forward for achieving Heliostar's goal of being a 500,000 ounce per year producer by the end of the decade."Drilling ProgramHeliostar has completed 88 holes and 31,184 metres as part of its ongoing 2025-26 drill program at Ana Paula. The drill program is infilling areas of inferred mineralization currently in the November 2025 Preliminary Economic Analysis mine plan. In parallel, it is also defining additional mineralization near planned underground mine infrastructure through step-out drilling and continuing to explore at depth for down-plunge extensions of mineralization in the Expansion Zone. Today's release covers five holes in the High Grade Panel. These holes were drilled as part of an ongoing drill program that continues to expand beyond the planned 28,000 metres of drilling driven by cost efficiency and exploration success. There are fourteen holes from the High Grade Panel area awaiting assay results.Where appropriate, these holes are also being used to collect rock strength data, hydrogeologic data and samples for further metallurgical studies that will expedite bringing these zones into a future mine plan in the upcoming Ana Paula Feasibility Study. Figure 1: Cross-Section through hole AP-25-360To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/293813_499e4b50f47baa18_001full.jpgFigure 2: Plan Map of the current drill program at Ana PaulaTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/293813_499e4b50f47baa18_002full.jpgHigh Grade Panel Drill Results Summary Hole AP-25-349 is located approximately 55 metres west of AP-25-359 and 104 metres west of AP-25-360. Hole AP-25-349 was designed to infill a portion of inferred mineralization within the High Grade Panel. The hole returned 28.95 metres grading 11.24 grams per tonne ("g/t") gold, including 19.70 metres grading 15.14 g/t gold, confirming a well-developed high-grade zone consistent with the current interpretation.Hole AP-25-359, located approximately 55 metres southwest of AP-25-360, was drilled to test and infill the vertical extent of the High Grade Panel. The hole returned 43.80 metres grading 13.91 g/t gold, including 19.85 metres grading 22.51 g/t gold, highlighting the presence of a strong high-grade core within a broader mineralized interval. Additional intervals of 24.75 metres grading 8.96 g/t gold and 6.00 metres grading 27.98 g/t gold in this hole further support the continuity of high-grade mineralization.Hole AP-25-360 is located centrally within the drill pattern and was designed to infill and test mineralization at depth within the High Grade Panel. The hole returned 69.15 metres grading 10.09 g/t gold, one of the thickest intervals encountered within the panel.Hole AP-25-371 is located approximately 52 metres east of AP-25-360 and 105 metres northeast of AP-25-359, testing the eastern portion of the panel and infilling inferred mineralization in this area. The hole returned 30.65 metres grading 11.33 g/t gold, including 14.05 metres grading 22.13 g/t gold, confirming the continuation of broad zones of high-grade mineralization across this portion of the High Grade Panel.The results reported today demonstrate consistent, high-grade mineralization across closely-spaced drill holes and support the ongoing conversion of inferred resources within the High Grade Panel to higher confidence categories. Mineralization remains consistent with an interpreted east-west trending structure that controls the high-grade zones.True widths are unknown. Mineralization at Ana Paula occurs as disseminations or vein stockworks with variable controls including rock porosity, lithology and fault networks. Drilling continues throughout the High Grade Panel and its less well-defined west edge, and the Expansion Zone. Two of the drills have continued to target deeper inferred mineralization and the 250 m corridor between the High Grade Panel and a northern exploration zone. The next Ana Paula drill results are expected to be released in May. Drilling Results and Coordinates TablesHole NameFrom
(metres)To
(metres)Interval
(metres)Au
(g/t)Topcut
Au (g/t)Intercept ZoneAP-25-349163.35192.328.9511.210.4 High Grade Panel2including170.55190.2519.715.113.82 and202.5212.29.72.49
and222.55230.68.051.89
AP-25-35965.490.1524.758.968.63High Grade Panel3including80.3586.356.028.026.63and104.55148.3543.813.910.51including119.0138.8519.8522.5
AP-25-36048.1560.011.857.15
High Grade Paneland93.0162.1569.1510.1
AP-25-37152.581.028.51.57
High Grade Paneland94.0124.6530.6511.39.433, 4 including102.2116.2514.0522.1
AP-25-37537.7547.559.85.265.22High Grade Panel 4 and70.2576.46.152.22
and219.45232.0512.63.79
including221.95223.21.2526.1
Table 1: Significant Drill Intersections. Drill Holes are non-sequential due to multiple rigs drilling multiple targets at Ana Paula1 Top cut to 38 ppm Au based on resource model domains
2 Top cut to 50 ppm Au based on resource model domains
3 Top cut to 64 ppm Au based on resource model domains
4 Top cut to 47 ppm Au based on resource model domainsDrilling Coordinates TableHole IDEastingNorthingElevationAzimuthInclinationLengthAP-25-349410,1041,998,097950.4180-55360.0AP-25-359410,1551,998,035914.9180-60239.0AP-25-360410,2061,998,075903.1180-50221.0AP-25-371410,2551,998,057905.2180-45240.0AP-25-375410,2051,998,099898.6180-50254.0 Table 2: Drill Hole Details Ana Paula Preliminary Economic Assessment NoteHeliostar announced the results of a Preliminary Economic Assessment on November 6, 2025. Quality Assurance / Quality ControlDrill core is PQ and HQ size, and the core is cut in half, with half sent for analysis. Core samples were shipped to ALS Limited in Zacatecas, Zacatecas and Hermosillo, Sonora, Mexico, for sample preparation and for analysis at the ALS laboratory in North Vancouver. The Zacatecas, 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 PersonStewart Harris, P.Geo., 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 is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company's La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur and the Unga project in Alaska.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 InformationThis 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, show the full extent of the deposit, upgrade and expand the resource base, growing our annual production profile in the near term and bringing additional production online.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 https://www.newsfilecorp.com/release/293813
Original: Heliostar Drills 69 Metres Grading 10.1 g/t Gold in the High Grade Panel at Ana Paula
CA Market News
2月前
Heliostar Drills 101 Metres Grading 5.34 g/t Gold in the Ana Paula Expansion ZoneApril 9, 2026 6:30 AM
NewsfileHIGHLIGHTS:Expansion Zone101.0 m grading 5.34 g/t gold from 512.5m 8.75 m grading 9.11 g/t gold from 484.65m27.2 m grading 2.26 g/t gold from 647.0m7.15 m grading 6.98 g/t gold from 464.3mHeadline intercept open to north and southResults pending from an additional five holes in the Expansion ZoneVancouver, British Columbia--(Newsfile Corp. - April 9, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce additional results from the Expansion Zone at its 100% owned Ana Paula project in Guerrero, Mexico. Drilling in this area is testing the down-dip extension of the current Ana Paula resource envelope. Heliostar CEO, Charles Funk, commented, "The results reported today continue to increase our confidence that the high-grade deposit at Ana Paula continues at depth. The success of the program so far has been twofold - continuing to hit impressive broad intervals of high grade and providing additional data allowing our team to refine the targeting model in the Expansion Zone. With two bodies of gold mineralization beginning to be defined, the 101 m of 5.34 g/t gold in hole AP-25-374 builds on the previously reported result of 25.45 m of 8.26 g/t gold also in the west pod. Today's headline hit is open to the north and south with assays pending for step-out drill holes.""We interpret Ana Paula to be higher in the same geological setting as its large neighbours in the Guerrero Gold Belt. As such, we are keen to restart work on the mine decline in the second half of this year to provide improved access for further potential resource extensions. We anticipate releasing additional results from five holes drilled in the Expansion Zone within the quarter as assays are received." Drilling ProgramHeliostar has completed 84 holes and 28,318 metres as part of its ongoing 2025-26 drill program at Ana Paula. The drill program is defining additional mineralization near planned underground mine infrastructure through step-out drilling and continuing to explore at depth for down-plunge extensions of mineralization in the Expansion Zone. Today's release covers six holes in the Expansion Zone drilled as part of the expanded 28,000m drill program started in 2025. There are five holes from the Expansion Zone area awaiting assay results.Where appropriate, these holes are also being used to collect rock strength data, hydrogeologic data and samples for further metallurgical studies that will expedite bringing these zones into a future mine plan in the upcoming Ana Paula Feasibility Study.Expansion Zone Drill Results Summary Holes AP-25-374 and AP-25-377 were drilled in the western pod of mineralization in the Expansion Zone. Hole AP-25-374 stepped out 20 metres to the east from nearby stopes proposed in the Preliminary Economic Assessment ("PEA") mine plan. It intercepted mineralization as modelled in the stope area, but that mineralization continued approximately 80 metres deeper than predicted. The intercept shows excellent potential to include additional high-grade material into a future mine plan from this area. The hole has been followed up by AP-26-385, which is located 25 m to the north and is awaiting assays. The 101.0 m grading 5.34 grams per tonne ("g/t") gold is a 36 m step out to the east of AP-13-215, which returned 52.9 m at 5.21 g/t gold. Hole AP-25-377 was designed to infill a portion of inferred mineralization currently in the PEA mine plan. Holes AP-25-358, AP-25-365 and AP-25-368 were designed to test mineralization in the east pod of the Expansion Zone. These holes successfully intersected intervals of gold mineralization above the 2.1 g/t gold cut-off grade of the resource that supported the November 2025 Ana Paula PEA. Mineralization is open to the north and south along an interpreted east-west-trending structure that controls the high-grade mineralization, as well as at depth. Figure 1: Cross-Section through newly reported hole AP-25-374To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/291719_142236f874bd891f_001full.jpgFigure 2: Plan Map of the current drill program at Ana PaulaTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/291719_142236f874bd891f_002full.jpgTrue widths are unknown. Mineralization at Ana Paula occurs as disseminations or vein stockworks with variable controls including rock porosity, lithology and fault networks. Drilling continues throughout the High Grade Panel and its less well-defined west edge, and the Expansion Zone. Two of the drills have continued to target deeper inferred mineralization and the 250 m corridor between the High Grade Panel and a northern exploration zone. The next Ana Paula drill results are expected to be released in late April.Drilling Results and Coordinates TablesHole NameFrom
(metres)To
(metres)Interval
(metres)Au
(g/t)Topcut
Au (g/t)Intercept ZoneAP-25-321A396.65418.021.351.89
and590.95594.553.67.81
AP-25-358222.0229.757.755.96
High Grade Paneland464.3471.457.156.986.611and540.2541.31.160.7
and623.0640.917.92.09
and661.1664.33.23.78
AP-25-365484.65493.48.759.114.022and557.8567.059.252.12
and647.0674.227.22.26
AP-25-368174.85178.43.556.05
High Grade Paneland561.15566.14.953.47
and596.8598.01.225.4
AP-25-37417.520.63.16.15
High Grade Paneland288.5317.529.01.96
High Grade Paneland512.5613.5101.05.345.091, 3including580.0613.533.58.988.501AP-26-377271.5288.517.03.24
High Grade Paneland393.4395.52.14.02
and510.1510.850.7539.738.01and535.0547.6512.652.49
and643.3647.44.13.85
and668.1669.251.1521.7
Table 1: Significant Drill Intersections. All intercepts are from the Expansion Zone target unless labelled. Drill Holes are non-sequential due to multiple rigs drilling multiple targets at Ana Paula1 Top cut to 38 ppm Au based on resource model domains
2 Top cut to 47 ppm Au based on resource model domains
3 Includes geotechnical samples assigned 0 g/t goldDrilling Coordinates TableHole IDEasting
(WGS84 Zone 14N)Northing
(WGS84 Zone 14N)Elevation
(metres)Azimuth
(°)Inclination
(°)Length
(metres)AP-25-321A410,1241,998,161928.4180-55638.0AP-25-358410,1801,998,179907.2180-60789.0AP-25-365410,2051,998,207903.3180-60827.0AP-25-368410,1791,998,227908.3180-60847.6AP-25-374410,1061,998,171932.8180-60689.0AP-26-377410,0541,998,155954.4177-64696.0 Table 2: Drill Hole Details Ana Paula Preliminary Economic Assessment NoteHeliostar announced the results of a Preliminary Economic Assessment on November 6, 2025. References to the results in this release are provided in greater detail here.Quality Assurance / Quality ControlDrill core is PQ and HQ size, and the core is cut in half, with half sent for analysis. Core samples were shipped to ALS Limited in Zacatecas, Zacatecas and Hermosillo, Sonora, Mexico, for sample preparation and for analysis at the ALS laboratory in North Vancouver. The Zacatecas, 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 PersonStewart Harris, P.Geo., 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 is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company's La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur, the Goldstrike project in Utah and the Unga project in Alaska.FOR ADDITIONAL INFORMATION, PLEASE CONTACT:Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 InformationThis 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, show the full extent of the deposit, upgrade and expand the resource base, growing our annual production profile in the near term and bringing additional production online.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 https://www.newsfilecorp.com/release/291719
Original: Heliostar Drills 101 Metres Grading 5.34 g/t Gold in the Ana Paula Expansion Zone
CA Market News
3月前
Heliostar Introduces Goldstrike Project and Updated Mineral ResourceMarch 24, 2026 6:30 AM
NewsfileHighlightsGoldstrike contains an indicated mineral resource of 975,000 ounces of gold grading 0.46 g/tInitial purchase price of US$10M in cash plus US$2.5M in Heliostar shares on closing, plus additional milestone payments totalling US$60M in cash over a maximum of five yearsHistoric past producer with infrastructure including road access, proximity to a population center and a powerline within eight kilometres of the propertyOutcropping, undrilled, high-grade antimony samples and historic antimony production provide critical mineral potentialVancouver, British Columbia--(Newsfile Corp. - March 24, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce, further to our March 23, 2026, press release, technical details of the Company's planned acquisition of a 100% interest in the Goldstrike project located in Utah, USA (the "Goldstrike Project" or "Goldstrike") from Liberty Gold Corp. ("Liberty"). Heliostar CEO, Charles Funk, commented, "Goldstrike represents an excellent opportunity to acquire a ~1-million-ounce gold deposit on attractive terms and provides diversification for Heliostar into another premier mining jurisdiction in North America. The deposit is a Carlin-style gold system, with a significant mineralized footprint that has potential to expand, with 96% of drill testing less than 200 m deep. Goldstrike has a large amount of high-quality work already completed, including metallurgy, geologic modelling, permitting progress and the identification of water sources, which can support an accelerated development timeline. It also has attractive antimony results that provide critical mineral upside that Heliostar plans to test. Upon completion of this transaction, Heliostar intends to review corporate opportunities for its portfolio of American properties."Project DetailsThe Goldstrike Project is located in the Bull Valley Mountains in Washington County, approximately 50 kilometres northwest of St. George in southwestern Utah, USA. The property is made up of a central block of patented claims that are surrounded by a contiguous block of unpatented claims and land leased from the Utah School and Institutional Trust Lands Administration. The property area totals 5,173 ha and is accessible year-round via paved and all-weather roads. Open-pit mining and cyanide heap-leach processing took place on site from 1988 to 1996. A total of approximately 209,000 ounces of gold and 198,000 ounces of silver were produced during these operations from approximately 8 million tons (7.26 million tonnes) of ore mined from 11 open pits1.Figure 3 - Goldstrike Resource Base, March 23, 2026ClassificationTonnes
(t)Gold Grade
(g/t)Contained Gold
(oz)Indicated65,804,0000.46975,000Inferred8,860,0000.3190,000 Notes:CIM (2014) definitions were followed for Mineral Resources.All mineral resources are presented undiluted and in situ, constrained by continuous 3D solid models, and are considered to have reasonable prospects for eventual economic extraction. They are reported within conceptual open-pit shells.Mineral resources are not mineral reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration.The database for the Mineral Resource estimate consists of 2,157 domain intersecting drill holes with a total assay length of 38,183 m within the estimation domain wireframes. Geologic model wireframes representing the interpreted geology were generated using Leapfrog Geo software. 3D grade contour wireframes were generated using the radial basis function (RBF) interpolation in Leapfrog Geo software. These wireframes were created using the assay data without any anisotropy in order to assess the overall trends within the deposit.The grade interpolation used a four-pass ID3 approach. Each of the subsequent search passes had increased search ellipsoid dimensions and relaxed composite restrictions. Hard boundaries were used for all domains. The Qal unit was not included as an estimation domain. An NN estimate using 5 m composites, as well as an inverse distance squared (ID2) estimate using the 3.048 m composites, were prepared using the same search parameters for validation purposes.Mineral Resources are estimated at a gold cut-off grade of 0.10 g/t and using a long-term gold price of US$2,000 per ounce.Mineral Resources are estimated using a variable recovery derived from metallurgical studies.Bulk density is variable by rock type.There are no Mineral Reserves currently estimated at the Goldstrike Project.Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.Mineral Resources are reported within conceptual open-pit shells.Rounding as required by reporting guidelines may result in apparent discrepancies between tonnes, grades, and contained gold content.A technical report is being prepared on the Updated Mineral Resource Estimate in accordance with National Instrument 43-101 ("NI-43-101") and will be available on the Company's website and SEDAR+ within 45 days of the date of this release. The effective date of the Mineral Resource estimate is March 23, 2026.Drilling at the Project includes 1,389 holes (87,020 m) drilled by historical operators and 2,375 holes for 217,394 m drilled by Liberty from late 2015 through 2022. The data includes 77 core holes and 23 sonic holes, with the remainder being reverse circulation ("RC") holes.GeologyMineralization at Goldstrike occurs as a Carlin-style deposit at the eastern edge of the Basin and Range Province. The mineralization is hosted primarily in conglomerate and limestone of the basal Claron Formation of Tertiary age, as well as underlying Paleozoic units. The principal controls on mineralization include the generally shallow-dipping unconformity at the base of the Claron Formation, which is extensively mineralized, and high-angle structures of various orientations that appear to be the conduits through which mineralizing fluids circulated. These structural zones can also lead to significant mineralization in the Paleozoic silty limestone of the Pennsylvanian Callville Limestone and Mississippian Redwall Limestone, important hosts of mineralization.MetallurgyThe Goldstrike oxide resources appear to be readily amenable to a mix of coarse crush/agglomeration and run-of-mine conventional heap leaching practice. Cyanide and lime consumptions are low to moderate, with low quantities of deleterious elements such as copper, zinc, mercury, and nickel, unlikely to materially impact cyanide consumption. The estimated amount of power required for crushing is low to moderate, with the abrasion wear characteristics representing minimal risk. Oxide gold recoveries are generally considered to be good to excellent, depending upon resource location, cyanide solubility, and particle size.Antimony PotentialThe property package on which the Goldstrike project sits also includes the Antimony Ridge prospect. This is an area along trend to the east of the Goldstrike deposit with historical antimony production and modern sampling showing potential for widespread antimony mineralization. Historical records indicate small-scale production of 10 tons of antimony ore in the 1970s from the Lejaiv Unite Mine from two small open pits located on Antimony Ridge. The mineralization at Antimony Ridge occurs as exceptionally large, bladed to massive stibiconite in a jasperoid breccia with gold. Stibiconite, is an antimony oxide formed from the in-situ oxidation of stibnite, the primary antimony sulfide mineral present at Antimony Ridge. Rock sampling over 450 metres of strike length has returned values including 5.7% antimony with 0.05 grams per tonne ("g/t") gold, 5.1% antimony with 0.13 g/t gold, and 2.95% antimony with 1.23 g/t gold.2Heliostar intends to continue the prospecting work at the Antimony Ridge area to better define the area's prospectivity for both antimony and gold mineralization. Three drill sites around the historic mine are permitted with drill-ready targets. Transaction DetailsHeliostar, through its whole owned subsidiary Helio Five Resources Ltd., has entered into an arm's length agreement dated March 20, 2026, to purchase Specialty American Metals Inc., a wholly owned British Columbia subsidiary of Liberty, which is the sole owner of Pilot Goldstrike Inc., a Nevada company which holds the Goldstrike Project. Consideration to Liberty consists of US$72.5 million, which is comprised of:US$10M in cash plus 1,593,213 Heliostar shares3 (having an aggregate value of $2.5M) paid and issued on the closing date (the "Closing Date"),US$10M in cash on the 12-month anniversary of the Closing Date;US$10M in cash on the 18-month anniversary of the Closing Date;US$15M in cash on the earlier of the achievement of certain infrastructure-related milestones or five years from the Closing Date;US$25M in cash on the earliest of completion of a Feasibility Study, a formal construction decision or the five-year anniversary of the Closing Date.The transaction is subject to the receipt of applicable regulatory and exchange approvals (including approval of the TSX Venture Exchange), and the satisfaction of certain other closing conditions customary for a transaction of this nature. No finders' fees are payable on the transaction. Subject to the satisfaction of such conditions, the transaction is expected to close in April 2026. All Heliostar shares issued in connection with the acquisition will be subject to a four-month and one-day hold period from the Closing Date in accordance with applicable securities laws. Path ForwardHeliostar will publish an updated technical report within 45 days of the date of this press release to support the updated Mineral Resource described herein. The Company will evaluate potential strategic options for the Goldstrike project, including sequencing development within the Company's existing growth project pipeline and use of special purpose vehicles to separate gold and critical minerals value streams. Future development work will focus on resource expansion and confirming the processing and infrastructure plans. Qualified PersonsThe scientific and technical information contained in this news release relating to the Gold Strike Mineral Resource estimate and the associated NI 43-101 Technical Report has been reviewed and approved by Ms. Lorraine Tam, P.Geo. of SLR Consulting (Canada) Ltd. (SLR), and Mr. Gary L. Simmons, MMSA, each of whom is a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.Ms. Tam and Mr. Simmons are independent of the Company with respect to the Goldstrike Project.The Mineral Resource estimate disclosed in this news release is based on a technical report being prepared in accordance with National Instrument 43-101, with an effective date of March 23, 2026.About Heliostar Metals Ltd.Heliostar is a growing gold mining company with production from operating mines in Mexico, with the objective of being a mid-tier producer with 500,000 ounces of annual gold production by the end of the decade. The Company's operating mines are La Colorada in Sonora and San Agustin in Durango. Heliostar also has a strong portfolio of development projects in Mexico and the USA, including its flagship 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 Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 InformationThis 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 (collectively, "forward-looking statements"). When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule", "intend" and similar words or expressions are intended to identify forward-looking statements.Forward-looking statements in this news release include, but are not limited to, statements regarding: (i) the completion of the acquisition of the Goldstrike Project and the timing thereof; (ii) the satisfaction of closing conditions, including receipt of regulatory and TSX Venture Exchange approvals; (iii) the expected benefits of the acquisition, including the potential to expand mineral resources and advance development of the Goldstrike Project; (iv) the Company's plans for further exploration, drilling and development at the Goldstrike Project, including at the Antimony Ridge area; (v) the preparation and filing of a technical report in respect of the Mineral Resource estimate within 45 days; (vi) the potential for antimony mineralization and the Company's ability to define and develop such potential; (vii) the timing and achievement of milestone payments; (viii) the Company's evaluation of strategic alternatives for the Goldstrike Project, including development sequencing and potential structuring alternatives; and (ix) the Company's broader growth strategy, including its objective of becoming a mid-tier gold producer.Forward-looking statements are based on a number of assumptions, including, among others: the ability of the parties to complete the transaction on the terms described herein; the receipt of all required approvals; the accuracy and reliability of historical data and the Mineral Resource estimate; the ability to successfully integrate the Goldstrike Project into the Company's operations; the Company's ability to obtain necessary permits, water rights, financing and other approvals required to advance the project; and general business and economic conditions.Forward-looking statements are subject to a variety of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results to differ materially from those expressed or implied by such statements. These risks include, without limitation: the risk that the transaction will not be completed on the terms anticipated or at all; failure to obtain regulatory or exchange approvals; changes in commodity prices; risks relating to the accuracy of mineral resource estimates; risks associated with exploration, development and mining activities; risks related to metallurgical recoveries and project economics; permitting and regulatory risks, including in respect of water rights; environmental and social risks; the speculative nature of exploration, including the risk that exploration will not result in the delineation of additional mineral resources; risks relating to the Company's ability to finance development; integration risks associated with acquisitions; and the other risks disclosed in the Company's public filings under its profile on SEDAR+.Although the Company believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements as the Company cannot provide any assurance that such expectations will prove to be correct. The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.1 Source: NI 43-101 Technical Report titled "Preliminary Economic Assessment and Independent Technical Report for the Goldstrike Project, Washington County, Utah, USA" prepared for Liberty by SRK Consulting (Canada) Inc. with effective date of February 8, 2018. Historical production figures from prior operations at the Goldstrike Project have not been verified by the Company or a Qualified Person. Such historical production data should not be relied upon as an indication of future performance or of the presence or absence of Mineral Resources or Mineral Reserves. The Company considers these historical production figures to be relevant to investors as they provide context regarding the Project's past operations; however, the Company has not independently verified the accuracy of such data.
2 The antimony assay results described above are derived from historical and/or third-party data and have not been independently verified by the Company's Qualified Persons. The antimony results described above were disclosed by Liberty in a news release titled "Liberty Gold Announces Results from Field Sampling at the Antimony Ridge Discovery, Goldstrike Oxide Gold Project, Southwest Utah" dated November 18, 2024 (https://libertygold.ca/news/liberty-gold-announces-results-from-field-sampling-at-the-antimony-ridge-discovery-goldstrike-oxide-gold-project-southwest-utah/). The Company considers these results to be indicative of the presence of antimony mineralization; however, such results are selective in nature and may not be representative of mineralization across the Goldstrike Project. The Company plans to conduct additional exploration, including systematic sampling and drilling, to verify these results and better define the grade and extent of mineralization at Antimony Ridge.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289658
Original: Heliostar Introduces Goldstrike Project and Updated Mineral Resource
CA Market News
3月前
Heliostar to Acquire Goldstrike Gold Project in UtahMarch 23, 2026 8:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 23, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce it has entered into a binding agreement with Liberty Gold Corp. ("Liberty") to acquire a 100% interest in the Goldstrike project located in Utah, USA (the "Goldstrike Project" or "Goldstrike"). The Goldstrike Project is located in the Bull Valley Mountains in Washington County, approximately 50 kilometres northwest of St. George in southwestern Utah, USA. The property is made up of a central block of patented claims that are surrounded by a contiguous block of unpatented claims and land leased from the Utah School and Institutional Trust Lands Administration. The property area totals 5,173 ha.The Company will provide additional details on the Goldstrike Project when technical disclosure allows.Transaction DetailsHeliostar, through its whole owned subsidiary Helio Five Resources Ltd., has entered into an agreement dated March 20, 2026, to purchase Specialty American Metals Inc., a wholly owned British Columbia subsidiary of Liberty, which is the sole owner of Pilot Goldstrike Inc., a Nevada company which holds the Goldstrike Project.Consideration to Liberty consists of US$72.5 million, which is comprised of:US$10M in cash plus 1,593,213 Heliostar shares paid and issued on the closing date (the "Closing Date");US$10M in cash on the 12-month anniversary of the Closing Date;US$10M in cash on the 18-month anniversary of the Closing Date;US$15M in cash on the on the earlier of the achievement of certain infrastructure-related milestones or five years from the Closing Date;US$25M in cash on the earliest of completion of a Feasibility Study, a formal construction decision or the five-year anniversary of the Closing Date.The transaction is subject to the receipt of applicable regulatory and exchange approvals (including approval of the TSX Venture Exchange), and the satisfaction of certain other closing conditions customary for a transaction of this nature. Subject to the satisfaction of such conditions, the transaction is expected to close within 30 days. All Heliostar shares issued in connection with the acquisition will be subject to a four-month and one-day hold period from the Closing Date in accordance with applicable securities laws.About Heliostar Metals Ltd.Heliostar is a growing gold mining company with production from operating mines in Mexico, with the objective of being a mid-tier producer with 500,000 ounces of annual gold production by the end of the decade. The Company's operating mines are La Colorada in Sonora and San Agustin in Durango. Heliostar also has a strong portfolio of development projects in Mexico and the USA including its flagship 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 Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: info @TDarts-0045Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey @TDarts-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 InformationThis 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 (collectively, "forward-looking statements"). When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule", "intend" and similar words or expressions are intended to identify forward-looking statements.Forward-looking statements in this news release include, but are not limited to, statements regarding: (i) the completion of the acquisition of the Goldstrike Project and the timing thereof; (ii) the satisfaction of closing conditions, including receipt of regulatory and TSX Venture Exchange approvals; (iii) the expected benefits of the acquisition, (iv) the timing and achievement of milestone payments; and (v) the Company's broader growth strategy, including its objective of becoming a mid-tier gold producer.Forward-looking statements are based on a number of assumptions, including, among others: the ability of the parties to complete the transaction on the terms described herein; the receipt of all required approvals; the ability to successfully integrate the Goldstrike Project into the Company's operations; the Company's ability to obtain necessary permits, water rights, financing and other approvals required to advance the project; and general business and economic conditions.Forward-looking statements are subject to a variety of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results to differ materially from those expressed or implied by such statements. These risks include, without limitation: the risk that the transaction will not be completed on the terms anticipated or at all; failure to obtain regulatory or exchange approvals; changes in commodity prices; risks relating to the accuracy of mineral resource estimates; risks associated with exploration, development and mining activities; risks related to metallurgical recoveries and project economics; permitting and regulatory risks, including in respect of water rights; environmental and social risks; the speculative nature of exploration, including the risk that exploration will not result in the delineation of additional mineral resources; risks relating to the Company's ability to finance development; integration risks associated with acquisitions; and the other risks disclosed in the Company's public filings under its profile on SEDAR+.Although the Company believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements as the Company cannot provide any assurance that such expectations will prove to be correct. The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289524
Original: Heliostar to Acquire Goldstrike Gold Project in Utah
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