In this company update, Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF – FRA: RGG1), joins me to break down the latest drill results from the Truckshop stockpile at the La Colorada Project, and how these low-capex sources of gold could fund the next stage of development.
Key Topics:
- Truckshop Stockpile Drill Results: Comparing drill result average grade to the grades currently being mined from the Junkyard stockpile.
- Development Pathway: Stockpiles are part of a phased approach – starting with low-cost processing, then open-pit expansions, followed by underground potential.
- Upcoming Plans:
- Internal resource and metallurgy studies to fast-track Truckshop material to production possibly by year-end.
- El Dorado Stockpile drilling begins soon – expected to be a major source of 2026 production.
- Ana Paula Project: 15,000-meter drill program underway; results expected later this summer.
- Internal resource and metallurgy studies to fast-track Truckshop material to production possibly by year-end.
- Financial Position: Ended Q1 with $27M cash and no debt, funding aggressive exploration and development without dilution.
Charles also previews an upcoming technical report on pit expansions and hints at longer-term growth through untapped exploration potential at La Colorada.
Send in your questions for Charles Funk to be answered in future interviews. My email address is Fleck@kereport.com.
Click here to visit the Heliostar Metals website to learn more about the Company.