Heliostar Metals
Financials:
Primary ticker: TSXV:OTCBB
Stage of development: Exploration
Primary minerals: Gold, Silver, Copper
Project to promote: Unga
Project location: Alaska, Mexico
Website: www.heliostarmetals.com
Heliostar (TSX V: HSTR) (OTCBB:HSTXF) is an exploration focused junior with a portfolio of high-grade gold projects in Alaska and Mexico.
The flagship project, Unga, is an expansive gold project in Alaska. Roughly three times the size of Manhattan and hosted on two islands, its three major gold corridors hold many high-grade gold showings. It also boasts Alaska’s first underground gold mine, Apollo, which produced at more than 10 g/t grade over its life.
The company plans to drill the Centennial showing in 2022. Located on Popof Island, Centennial is a shallow, flat-lying gold anomaly. Drilling in the late 1980’s encountered anomalous gold (>0.2 ppm) in 43 of 59 holes, the majority of which are within 60 metres of the surface. The current drill plan will target gold feeder zones interpreted from the 2021 geophysical survey.
The Unga project currently has a 384,000-ounce resource at 13.8 g/t at the SH-1 showing. The Company’s 2021 drill program hit high-grade gold around the old Apollo mine and at its new Aquila discovery.
Heliostar boasts top-tier assets and a team of proven mine-finders. Unga is a world class project with proven high-grade gold mineralization and enormous potential.
Cash: CAD$3M
Debt: Nil
Major shareholders:
Phoenix Gold Fund
US Global
Gold 2000
Management Ownership – 22%
Management Profile
Charles Funk – President and CEO
Mr. Funk has over 14 years of industry experience for major and junior mining and companies including Newcrest Mining and Evrim Resources. Charles is a geologist specializing in business development for gold, silver and copper projects from early stage to production. Charles has led or supported multiple deposit discoveries in Mexico and Australia and contributed to over $60 million dollars in capital raisings.
What is your rationale for taking part in 121 Mining Investment?
Raise Money, New Investors, Market Support
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Drilling at Unga and Centennial