Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) (“Heliostar” or the “Company”) joins us to recap the updated Mineral Resource Estimate, released today, from the high-grade portion of the Ana Paula Project in Mexico. The Company reported a measured and indicated mineral resource of 710,920 gold ounces grading 6.60 g/t gold and an inferred mineral resource of 447,512 gold ounces grading 4.24 g/t gold.
We have Charles provide an overview of the resource which was an improvement on the Company’s goal of defining a 1million ounce high-grade resource. Charles provides more detail on the high-grade zone of over 200,000 gold ounces which can be targeted in the initial years of production. We ask about additional drilling not included in this Resource Estimate, where the Company sees future growth areas for the resource and what work is needed to upgrade the inferred resource. We also focus on the Company’s strategy of continued exploration while progressing toward building the mine and generating cash-flow.
Figures 1 and 2 from the news release are posted below so you can follow along and view the resource in more detail.
The Company is hosting a webinar to recap the Resource Estimate tomorrow at 1pm PT (4pm ET). Click here to sign up for the webinar.
Click here to visit the Heliostar website and read over the full news release.
