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Heliostar Metals - Key Exploration and Production Update: La Colorada and Ana Paula
Manage episode 476265839 series 3374176
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1) joins me for a comprehensive update following drill results from La Colorada and the launch of a large drill program at Ana Paula.
In this update, we cover:
- Strong Balance Sheet - Closed Q1 with $38M CAD in cash, over half from operations.
- La Colorada Drill Results - Recent drill results show high-grade gold (5–25 g/t Au) from the 12,500m program, well above the average resource grade. Expansion to a 15,000m+ program underway.
- La Colorada Production Potential - Expansion potential to increase production from 50,000 to 100,000 oz/year, supported by an upcoming technical report mid-year. Future underground mining potential.
- Ana Paula Drill Program Launched – Largest program in company history (15,000m), combining infill and step-out drilling to grow high-grade resources and test satellite zones.
- Near-Term Catalysts - Drill results, updated technical studies, and potential permitting for production expansion.
Charles outlines the strategic vision: restart of San Antonio and expanded production at La Colorada could yield ~$120M in cash flow over the next 2-2.5 years with low CapEx. Setting the stage to bring Ana Paula online and potentially reach 200,000 oz/year production by 2028.
Please email me at [email protected] with any follow up questions for Charles.
Click here to visit the Heliostar Metals website to learn more about the Company.
252 episodes
Manage episode 476265839 series 3374176
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1) joins me for a comprehensive update following drill results from La Colorada and the launch of a large drill program at Ana Paula.
In this update, we cover:
- Strong Balance Sheet - Closed Q1 with $38M CAD in cash, over half from operations.
- La Colorada Drill Results - Recent drill results show high-grade gold (5–25 g/t Au) from the 12,500m program, well above the average resource grade. Expansion to a 15,000m+ program underway.
- La Colorada Production Potential - Expansion potential to increase production from 50,000 to 100,000 oz/year, supported by an upcoming technical report mid-year. Future underground mining potential.
- Ana Paula Drill Program Launched – Largest program in company history (15,000m), combining infill and step-out drilling to grow high-grade resources and test satellite zones.
- Near-Term Catalysts - Drill results, updated technical studies, and potential permitting for production expansion.
Charles outlines the strategic vision: restart of San Antonio and expanded production at La Colorada could yield ~$120M in cash flow over the next 2-2.5 years with low CapEx. Setting the stage to bring Ana Paula online and potentially reach 200,000 oz/year production by 2028.
Please email me at [email protected] with any follow up questions for Charles.
Click here to visit the Heliostar Metals website to learn more about the Company.
252 episodes
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