Heliostar (TSX V: HSTR) is gold developer with a portfolio of high-grade, advanced gold projects in Mexico and the USA.
• Ana Paula – 1.46 million ounces (M&I) of gold at 2.17 g/t
• San Antonio – 1.73 million ounces (M&I) of gold grading 0.83 g/t
• Unga – 384,318 ounces (inferred) of gold grading 13.8 g/t
The company’s recent acquisition is the Ana Paula gold deposit. The project has a completed pre-feasibility study, is permitted for open pit mining, has had over US$75 million in expenditure including a 412m long production scale decline. Heliostar is re-scoping the project as a high grade, bulk minable underground mine in 2023. Ana Paula is in southern Mexico, in Guerrero state, only 20km northwest of Torex Gold’s Morelos mine. The Ana Paula deposit holds 1.46 million ounces of measured and indicated gold at 2.17 g/t.
The San Antonio deposit, is a large open pit oxide gold deposit that was acquired by Argonaut Gold in 2010 for C$137 million. The project has a PEA completed and Heliostar has an option for three years to acquire the project upon successful granting of an environmental permit. San Antonio is in the southern portion of the Baja Peninsula, Mexico. The deposit holds 1.7 million ounces of measured and indicated gold at 0.8 g/t Heliostar’s Alaskan project, Unga, is an expansive gold project that covers two islands. The land package, with its three major gold corridors covers an area three times the size of Manhattan. It also boasts Alaska’s first underground gold mine, Apollo, which produced at more than 10 g/t grade over its life. The current resource hosts 384,318 inferred ounces of gold grading 13.8 g/t
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