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 Fleck@kereport.com with any follow up questions for Charles.
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