HSTR to Restart Mining at La Colorada & Share Assays in Jan Last week, Heliostar Metals Ltd. (Ticker: HSTR.v or HSTXF for US investors) shared plans to restart mining operations at its La Colorada Gold Silver Mine in Sonora, Mexico, in January 2025.
This restart will begin with mining activities at the Junkyard Stockpile, a key focus of the company’s recent work programs.
Heliostar operates two producing mines in Mexico—La Colorada and San Agustin—and holds a portfolio of development projects across Mexico and the United States.
These include Ana Paula (Guerrero), Cerro del Gallo (Guanajuato), San Antonio (Baja Sur), and the Unga project in Alaska.
The La Colorada Mine's Junkyard Stockpile, located ~800m southwest of the mine’s crushing circuit, consists of material mined from the Gran Central Pit in the 1990s.
Since August, Heliostar has completed significant preparatory work, including 57 drill holes totaling 2,290m, resource modeling, and metallurgical testing.
Drilling was conducted on a ~35m grid, with tighter ~7m grid drilling for variability testing.
These results, along with an expanded Creston Pit plan, will be outlined in a technical report expected in January 2025.
Initially, the restart will supplement gold production from residual leaching at the mine but is expected to fully replace it over time.
The work also identified a historic tailings facility beneath the stockpile. While further metallurgical testing is required, it could represent a potential long-term upside opportunity for the company.
Heliostar CEO Charles Funk emphasized that recommencing operations at La Colorada is a significant step for the company as it moves toward achieving its goal of becoming a mid-tier gold producer.
Full News Here: https://www.heliostarmetals.com/news-articles/heliostar-plans-to-restart-mining-operations-at-la-colorada-mine-mexico
Posted on behalf of Heliostar Metals Ltd.