Heliostar Metals
Financials:
Primary ticker: TSXV:HSTR; OTCQX:HSTXF
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) is an exploration focused junior with a portfolio of high-grade gold projects in Alaska and Mexico.
The flagship project Unga is a massive gold project in Alaska. It hosts three major gold corridors and many high-grade gold showings. It also holds Alaska’s first underground gold mine, which produced at more than 10-15 g/t grade over its life.
The project currently has a 384,000 ounce inferred gold resource at 13.8 g/t at SH-1. The company’s drilling encountered high-grade gold around the Apollo and at its Aquila discovery. The company plans to drill its Centennial showing in summer 2022.
Heliostar boasts top-tier assets and a team of proven mine-finders. The assets are de-risked, with high upside potential.
Cash: CAD$1.5M
Debt: Nil
Major shareholders:
Phoenix Gold Fund
US Global
Gold 2000
Management Ownership – 17%
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 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