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Thread: Heliostar Metals Ltd.

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  1. #1

    Default Heliostar Metals Ltd.

    Here's one more small miner and exploration company that has some interesting prospects. Heliostar Metals Ltd. (HSTXF - OTC) Price in the past few months has ranged from about $1 (US) to about $0.80 (US) and is presently in the about $0.90 range. If you go out to over the past year more or less the price has been as high as $1.50 (US). As with all smaller mining companies the price is subject to swings with a high beta. They are doing a lot of drilling on their properties and looking to expand some existing old mines they now own. DYODD
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  2. #2


    Heliostar Metals Ltd was up today in a sea of red closing at $1.08
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  3. #3


    Heliostar Metals Ltd. is on the move today, presently $1.33 (mid-day price) and:

    "Heliostar Drills 88.3 g/t Gold over 3.05 Metres and 19.3 g/t Gold over 4.57 Metres at Apollo, Unga Project, Alaska

    Vancouver, British Columbia--(Newsfile Corp. - June 16, 2021) - Heliostar Metals Limited (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce results from the first four drill holes completed at Unga in 2021. The company has three drill rigs on the project and has completed 36 holes for a total of 4,245 metres to date.

    Drilling Highlights at Apollo

    88.3 grams per tonne ('g/t') gold over 3.05 metres from 21.35 metres ('m') downhole

    SKRC21-03 (500m to the East)
    7.98 g/t gold (10.0 g/t Aueq) over 4.57 metres from 13.72 m downhole and,
    1.91 g/t gold (5.20 g/t Aueq) over 4.57 metres from 39.62 m downhole and,
    8.65 g/t gold (9.09 g/t Aueq) over 10.67 metres from 54.86 m downhole including;
    19.3 g/t (20.1 g/t Aueq) gold over 4.57 metres from 56.39 m downhole and,
    10.2 g/t gold (10.3 g/t Aueq) over 1.52 metres from 83.82 m downhole

    27 holes have been completed at Apollo, defining parallel veins over a strike length of 725 metres and a vertical range of 140 metres. Mineralization remains open in all directions and drilling is ongoing.

    Heliostar CEO, Charles Funk, commented: "These are exceptional results and this discovery at Apollo adds another high grade zone to the Unga project. Apollo was Alaska's first underground gold mine and despite historical reports of continuations of gold and base metal mineralization beyond historic workings, Heliostar is the first company to successfully intersect these veins in drilling. The Apollo-Sitka trend is over two kilometres long and drilling completed to date in 2021 has tested just 725 metres of the trend, with additional assays pending. The company is undertaking a 7,000 metre, fully-funded program with a goal of demonstrating the current resource (384,000 inferred ounces at 13.8 g/t gold1) can grow to greater than 1,000,000 ounces of gold."

    Apollo History

    The historic Apollo Mine produced approximately 130,000 ounces of gold at an estimated grade of 10 g/t. Ore is reported to have been mined from three closely spaced, parallel veins2. The Apollo vein transitions from gold rich at shallow levels to gold with silver and base metals at depth."
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  4. #4


    Profit taking is taking over and price down.

    More details on news from Heliostar's site:
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  5. #5


    The reason for the price increase the other day was early release of drilling results in Alaska. Trading was halted for a period of time as the stock was blasting off. The next day the price of gold/silver was clobbered and Heliostar price dropped with the rest of the miners. So a good opportunity to purchase shares at near the original (pre-drilling news) price presented itself and I jumped on buying some more shares.

    An excellent and long interview with the CEO can be found on Youtube. It was recorded a couple of weeks before the news came out and so it not biased by that announcement.
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  6. #6

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