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Heliostar Metals Ltd V.HSTR

Alternate Symbol(s):  HSTXF

Heliostar Metals Ltd. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, and development of mineral properties in North America. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico. The Ana Paula Gold Project is an advanced-stage, gold development project located in Guerrero State, Mexico. Its San Antonio Gold Project is an advanced stage gold development project located in Baja California Sur State, Mexico. Its Cerro Del Gallo Project is a gold-silver development project in the State of Guanajuato. The property comprises 14 titled concessions covering 15,276 hectares (ha), and surface rights to land totaling 445 ha. It owns 100% or has the option to acquire a 100% interest in three properties in the northern portion of Mexico's Sonora state: the Oso Negro project, the La Lola project, and the Cumaro project. The Company also operates the San Agustin mine, El Castillo mine, and La Colorada mine.


TSXV:HSTR - Post by User

Post by deepthinker63on Jul 19, 2023 12:01pm
160 Views
Post# 35548127

Decline

Decline
The original plan Alio called for the construction of a 1200m decline for the purposes of underground drilling. Is Heliostar saying they can achieve the same result without doing the same work.  That seems unlikely.  

The drill program is expected to confirm the continuity and shape of the high-grade gold mineralization below the proposed pit that is hosted in the breccia and it will also explore the gold mineralization indications at depth hosted in hornfels skarn, typical of the Guerrero Gold Belt. The underground drilling program proposed includes 55 diamond drill holes (12,000 metres). 
 
 
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