Heliostar Metals Ltd.

[LongDonSilver]

"Vancouver, Canada, October 19, 2021 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) ("Heliostar" or the "Company") is pleased to announce that, further to its news releases dated October 4, 2021 and October 6, 2021, it has closed the first tranche of its non-brokered private placement offering (the “Offering”) of up to 5,714,285 units (each a “Unit”) of the Company at a price of $0.70 per Unit (the “Offering Price”). In the first tranche, the Company completed the sale of 1,857,465 Units at the Offering Price for gross proceeds of $1,300,225.50.

Heliostar CEO, Charles Funk, commented: “This $4 million Offering has received strong support; it is already over-subscribed and we intend to close on the balance over the next two weeks. The next step for Heliostar is to commence a 2,500 to 3,000 metre drilling on the recent Verde discovery at Cumaro, in Mexico, in November. The potential of the project based on the recently received assay results has caused us to prioritize this drill program for Q4, 2021. Heliostar has one of the most exciting portfolios of high-grade gold and silver projects in the industry and we expect that this financing will set the stage for news flow over the coming months.”'

[LongDonSilver]

"Vancouver, Canada, November 9, 2021 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) ("Heliostar" or the "Company") is pleased to announce that, further to its news releases dated October 4, 2021, October 6, 2021, and October 19, 2021, it has closed the second and final tranche of its non-brokered private placement offering (the “Offering”). 3,876,607 units (each a “Unit”) of the Company were issued in the second tranche at a price of $0.70 per Unit (the “Offering Price”) for gross proceeds of $2,713,624.90. Combined with the first tranche, the Company issued a total of 5,734,072 Units for aggregate gross proceeds of $4,013,850.40.

Heliostar CEO, Charles Funk, commented: “Closing the offering for four million dollars puts Heliostar in a strong financial position. The funds raised will go directly to the company’s field programs in Mexico and Alaska. In Mexico the company is preparing for a maiden 2,500 to 3,000 metre drill program at Cumaro. This drill program will follow up on surface results highlighted by 5 metres at 10.3 gram per tonne (g/t) gold and 168 g/t silver at the Verde discovery. The new discoveries we have made at both Unga in Alaska and Cumaro in Mexico have set the company up for a catalyst rich end to this year and an aggressive 2022. “

About the Private Placement
Each Unit consists of one common share in the capital of the Company (each a “Share”) and one half of one non-transferable common share purchase warrant (each whole warrant a “Warrant”). Each Warrant is exercisable for one additional Share (a “Warrant Share”) at an exercise price of $1.20 for a period of 24 months following the Closing Date.

In the second tranche of the Offering, the Company paid finders fees to four qualified finders, consisting of an aggregate amount of $139,387,54 in cash and 199,129 non-transferable broker warrants (“Broker Warrants”). Each Broker Warrant is exercisable into one Share (each a “Broker Warrant Share”) at an exercise price of $1.20 for a period of 24 months following the Closing Date.

The Shares, any Warrant Shares issuable upon exercise of any of the Warrants and any Broker Warrant Shares issueable upon exercise of any of the Broker Warrants are subject to a four month and one-day restricted resale period expiring March 6, 2022 in accordance with the policies of the TSX Venture Exchange and securities laws applicable in Canada. In addition to Canadian resale restrictions, any of the securities sold to investors from other jurisdictions may be subject to additional resale restrictions, including those of the federal laws of the United States of America and any State or territory thereof.

The Company intends to use the net proceeds from the Offering to advance its Alaskan and Mexican projects, focusing primarily on the proposed Cumaro drill program in Q4, 2021, as well as for working capital and general corporate purposes.

Heliosphere Management Ltd., a company wholly owned and controlled by Charles Funk, an officer and a director, purchased 42,858 Units in the second tranche of the Offering, and Sam Anderson, an officer of the Company, purchased 14,286 Units in the second tranche of the Offering and the Offering is therefore considered to be a “related party transaction”, as defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and Policy 5.9 of the TSX Venture Exchange, which require that the Company, in the absence of exemptions, obtain a formal valuation for, and minority shareholder approval of, the related party transaction. However, the Offering is exempt: (i) from the formal valuation requirement of MI 61-101 (and Policy 5.9) pursuant to the exemption contained in section 5.5(b) of MI 61-101 as none of the Company’s securities are listed on any of the markets specified in section 5.5(b) of MI 61-101, and (ii) from the shareholder approval requirement of MI 61-101 (and Policy 5.9) pursuant to the exemption contained in section 5.7(1)(a) of MI 61-101 because the fair market value of the securities sold to related parties in the Offering did not exceed 25% of the Company’s market capitalization.

None of the securities to be issued in the Offering have been or will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act.

About Heliostar Metals Ltd.
Heliostar is a junior exploration and development company with a portfolio of high-grade gold projects in Alaska and Mexico. The company’s flagship asset is the 100% controlled Unga Gold Project on Unga and Popof Islands in Alaska. The project hosts an intermediate sulfidation epithermal gold deposit, located within the district-scale property that encompasses 240km2 across the two islands. Additional targets on the property include porphyry, high sulphidation and intermediate sulphidation epithermal veins. On Unga Island, priority targets include: the SH-1 and Aquila, both on the Shumagin Trend, the former Apollo-Sitka mine, which was Alaska’s first underground gold mine and the Zachary Bay porphyry gold-copper prospect. Gold mineralization at the Centennial Zone is located on neighbouring Popof Island within four kilometres of infrastructure and services at Sand Point.

In Mexico, the company owns 100% of three early stage epithermal projects in Sonora that are highly prospective for gold and silver. Cumaro forms part of the El Picacho district, while the Oso Negro and La Lola projects are also prospective for epithermal gold-silver mineralization."

- more info at: https://www.heliostarmetals.com/news...vate-placement

[LongDonSilver]

"Vancouver, Canada, December 8th, 2021 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has commenced a diamond drill program at the 100% owned Cumaro Project in northern Sonora State, Mexico.

The Company will conduct a 5,000-metre program that will include the first ever drilling of the newly discovered Verde target. Verde is an outcropping vein system with high-grade gold mineralization. Channel samples contained up to 12.6 grams per tonne (g/t) gold equivalent (10.3 g/t gold and 168 g/t silver) over 5.0 metres and 13.6 g/t gold equivalent (11.9 g/t gold and 130 g/t silver) over 1.65 metres.

In addition to the Verde target, the program will also target the Basaitegui Vein Corridor in the western block and the Palmita Vein Corridor in the eastern block (Figure 1).

Heliostar CEO, Charles Funk, commented: “We started getting excited to drill at Cumaro as soon as we made the Verde discovery in September. We increased the size of the program to 5,000 metres, based on the number of targets at our two main areas of focus. The Verde discovery is our highest priority target in Mexico, where we will drill beneath many high-grade channel sample intercepts. We will also test the concept that the eastern half of Cumaro is a down-thrown block. Drilling will continue until April 2022 and we expect initial results early next year. The company is jumpstarting into a very active new year fully funded, with a tight structure and a gold rich portfolio in Mexico and Alaska!”



Cumaro Project

The Cumaro project is a five square kilometre claim within the El Picacho district. It hosts the El Salto, Dos Amigos, and Basaitegui Vein Corridors (Figure 1). In addition to those known systems, it holds the recently identified Verde and Palmita Vein Corridors.

The current geological model indicates that a fault (white broken line in Figure 1) divides the Picacho-Cumaro district into western and eastern halves. West of this fault, veining and mineralization come to surface. On the eastern side of the fault, only the weakly altered upper portions of the veins come to surface. The geologic interpretation is that the eastern side is downthrown relative to the western side. That means the mineralized vein system could be preserved at depth on the eastern side. Despite the presence of historical mine workings in the western part of the Cumaro claim the property has never been drill tested.



Drilling Program

Drilling will focus on three vein corridors in the maiden 5,000 metre drilling program. As mentioned above, these include the Verde Vein Corridor, Basaitegui Vein Corridor in the western block and the Palmita Vein Corridor in the eastern block.

The Verde Vein Corridor is over 1.3 kilometres long and comprises three veins which are consistently mineralized over 530 metres of strike and spread over 200 metres of width (Figure 2). The vein zones vary from 0.5 to 5 metres wide and have numerous medium to high grade surface channel samples. The veins returned values including;

· 12.6 g/t AuEq (10.3 g/t gold and 168 g/t silver) over 5.0 metres

· 13.1 g/t AuEq (11.5 g/t gold and 125 g/t silver) over 1.75 metres

· 9.57 g/t AuEq (8.35 g/t gold and 92 g/t silver) over 2.1 metres

· 5.49 g/t AuEq (4.68 g/t gold and 61 g/t silver) over 3.0 metres

· 13.6 g/t AuEq (11.9 g/t gold and 130 g/t silver over 1.65 metres

· 4.05 g/t AuEq (2.65 g/t gold and 105 g/t silver over 5.9 metres

· Twenty-one channel samples returned a grade multiplied by vein thickness greater than 5 g/t metres


(Widths are true thicknesses and gold equivalent is calculated with a gold:silver ratio of 1:75)"

[LongDonSilver]

"Heliostar Resumes 5,000 Metre Drill Program at Cumaro, Mexico


Vancouver, Canada, January 12th, 2022 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) ("Heliostar" or the "Company") is pleased to announce that core drilling re-commenced on January 7th after the year-end holiday break at the 100% owned Cumaro Project in northern Sonora, Mexico.



Highlights

- 5,000 metre Cumaro drilling program recommenced

- Four holes for a total of 428 metres completed in December 2021

- Veining intersected at expected depths in each 2021 drill hole, with assays pending

- Drilling expected to continue to April with first results anticipated in late February



Heliostar CEO, Charles Funk, commented: “Starting the Cumaro drill program in December last year sets Heliostar up very well for 2022. We start the year in the fortunate position of having both an ongoing drill program on a new discovery in Mexico and a suite of high-grade gold hits across the district at our flagship Unga project in Alaska. Our initial focus in 2022 is the fully funded drill program at Cumaro where we have hit veining as predicted in each of our completed drill holes. The project enjoys great access, the extensions of veins modern mining on the adjacent property and close proximity to mills within the district. Cumaro has the potential to be a significant exploration success story for Heliostar in the short term.”



Cumaro Project

The Cumaro project is a five square kilometre claim within the El Picacho district. It hosts the El Salto, Dos Amigos, and Basaitegui Vein Corridors (Figure 1). In addition to those known systems, it holds the recently identified Verde and Palmita Vein Corridors.

The geological model indicates that a north northeast trending fault (white broken line in Figure 1) has divided the Picacho-Cumaro district into western and eastern halves. West of the fault, veining and mineralization come to surface. On the eastern side of the fault, only the weakly altered, upper expression of the structures come to surface. The geologic interpretation is that the eastern side is downthrown relative to the western side, thus suggesting an extension of the mineralized vein system could be preserved at depth on the eastern side. Despite the presence of historical mine workings in the western part of the Cumaro claim, the property has never been drill tested prior to the ongoing program.



Drilling Program

Drilling commenced at the Verde Target in December with four holes totalling 427.5 metres completed prior to the Christmas break (Figure 2). All holes intersected veining and the associated structures as they tested the Verde and Orilla veins. The first hole intersected the Verde vein and structure below the historic tunnel. The second hole intersected the Orilla vein near surface. The third and fourth holes intersected the Verde and Orilla veins near surface where the two veins converge. Assays for all holes are pending and expected to be returned in late February.

Drilling of the 5,000 metre program currently focuses on the Verde Vein Corridor. Once drilling in this corridor is completed the drill will move to test the Basaitegui Vein Corridor in the western block and the Palmita Vein Corridor in the eastern block."

[LongDonSilver]

Part 2

"Verde Vein Corridor

The Verde Vein Corridor is over 1.3 kilometres long and comprises three veins which are consistently mineralized over 530 metres of strike and spread over 200 metres of width (Figure 2). The vein zones vary from 0.5 to 5 metres wide and have numerous medium to high grade surface channel samples. The veins returned values including;

· 12.6 g/t AuEq (10.3 g/t gold and 168 g/t silver) over 5.0 metres

· 13.1 g/t AuEq (11.5 g/t gold and 125 g/t silver) over 1.75 metres

· 9.57 g/t AuEq (8.35 g/t gold and 92 g/t silver) over 2.1 metres

· 5.49 g/t AuEq (4.68 g/t gold and 61 g/t silver) over 3.0 metres

· 13.6 g/t AuEq (11.9 g/t gold and 130 g/t silver over 1.65 metres

· 4.05 g/t AuEq (2.65 g/t gold and 105 g/t silver over 5.9 metres

· Twenty channel samples returned a grade multiplied by vein thickness greater than 5 g/t metres

(Widths are true thicknesses and gold equivalent is calculated with a gold:silver ratio of 1:75)



Within the Verde Vein Corridor, the Verde and Orilla veins (Figure 2) dip toward each other and intersect, forming a high potential drill target. The veins are epithermal veins with banded green to white quartz and calcite. Similar green quartz occurs within the high-grade areas of many mineralized systems in northern Sonora and this relationship holds true at Cumaro. Select sub-samples from the green quartz at the Verde target return values up to 41.2 g/t gold and 364 g/t silver.

One historic tunnel descends 35 metres below surface on the Verde vein (Figure 2). It shows similar grades and widths to those on surface, thus providing confidence in the depth potential of the surface channel results."

[LongDonSilver]

Part 3

"Basaitegui Vein Corridor

The Basaitegui Vein Corridor runs parallel to the Verde Vein Corridor, about 600 metres northeast (Figure 1). Vein textures indicate that the level of exposure in the system is higher than at the Verde vein. This may indicate that the productive part of the system remains preserved at depth. Like Verde, small scale workings and gold mineralization at surface indicate the potential for high grades at depth. Drilling will test this target concept by testing the vein at depth below the most productive parts of the system.



Palmita Vein Corridor

The Palmita Vein Corridor stretches 1.7 kilometres in strike. A channel sample returned a grade of 390 g/t silver over 1 metre. This sample came from the Three-ninety vein; a 500 metre long, east-west trending vein, interpreted as a splay off the main vein corridor.

We view the high-grade interval silver as a key result. Surface results and textures indicate that these rocks formed at a higher level in the epithermal system. Typically, this would be above the interpreted precious metals zone. However, this sample suggests leakage from a high-grade mineralized system at depth.

The aim of this first drill program is to track the system at depth and intercept high-grade mineralization. Proving the concept will be a significant development at Cumaro and will open the entire eastern block to systematic exploration for new mineralized bodies."

[LongDonSilver]

Part 4

"About Heliostar Metals Ltd.

Heliostar is a well-financed junior exploration and development company with a portfolio of high-grade gold projects in Alaska and Mexico.

The company’s flagship asset is the 100% controlled Unga Gold Project on Unga and Popof Islands in Alaska. The project hosts an intermediate sulfidation epithermal gold deposit, located within the district-scale property that encompasses 240 km2 across the two islands. Additional targets on the property include porphyry copper-gold targets, high sulphidation targets and intermediate sulphidation epithermal veins.

On Unga Island, priority targets include: the SH-1 and Aquila, both on the Shumagin Trend, the former Apollo-Sitka mine, which was Alaska’s first underground gold mine, and the Zachary Bay porphyry gold-copper prospect.

Gold mineralization at the Centennial Zone is located on neighbouring Popof Island within four kilometres of infrastructure and services at Sand Point.

In Mexico, the company owns 100% of three early-stage epithermal projects in Sonora that are highly prospective for gold and silver. Cumaro forms part of the El Picacho district, while the Oso Negro and La Lola projects are early-stage projects considered prospective for epithermal gold-silver mineralization.



Quality Assurance / Quality Control

Rock and core samples were shipped to ALS Limited in Hermosillo, Sonora for sample preparation and for analysis at the ALS laboratories in North Vancouver and Vientane, Laos. The ALS Hermosillo, Vientane and North Vancouver facilities are ISO/IEC 17025 certified. Silver and base metals were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 30-gram fire assay with atomic absorption (“AA”) spectroscopy finish and overlimits were analyzed by 50g fire assay with gravimetric finish.

Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s quality assurance / quality control protocol.



Qualified Person

The Company’s disclosure of technical or scientific information in this press release has been reviewed and approved by Stewart Harris, P.Geo., Exploration Manager for the Company. Mr. Harris is a Qualified Person as defined under the terms of National Instrument 43-101.



For additional information please contact:

Charles Funk

Chief Executive Officer

Heliostar Metals Limited

Email: charles.funk@heliostarmetals.com "


Note: Several charts not copied, but can be found on Heliostar's website.

[LongDonSilver]

"Vancouver, Canada, December 5th, 2022 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to announce that it has entered into a binding share purchase agreement dated December 5th, 2022 (the “Purchase Agreement”) with Argonaut Gold Inc. (“Argonaut”) for the sale of all of the issued and outstanding shares of Aurea Mining Inc. (“Aurea Mining”), a wholly owned subsidiary of Argonaut, which through Aurea Mining’s wholly owned subsidiary Minera Aurea S.A. de C.V. (“Minera Aurea”), holds a 100% indirect interest in and to the Ana Paula Gold Project (or “Ana Paula”) and has also entered into a binding option agreement (the “Option Agreement”) with Argonaut and its wholly owned subsidiary, Compañía Minera Pitalla S.A. de CV (“Compañía Minera Pitalla”), pursuant to which it has been granted an option (the “Option”) to acquire a 100% interest in the San Antonio Gold Project. Both projects are located in Mexico.

*Heliostar CEO, Charles Funk, commented “The acquisition of this portfolio transforms Heliostar into a mine development company. This is a significant milestone towards our ultimate transformation into a high-margin gold mining company.

Upon closing the transactions, our asset base of Ana Paula, San Antonio and Unga will contain 3.2 Moz of gold in the M&I categories and 0.5 Moz of gold in the inferred category. Heliostar now provides multiple unique levers, with two advanced development projects in Ana Paula and San Antonio and the Unga Project, which we continue to believe to be a project with significant high-grade resource upside. We believe these acquisitions will allow Heliostar to provide outsized returns for shareholders including project de-risking, mine development, permitting, resource growth and discovery.

The company considers Ana Paula to be significantly more capital efficient as a potential underground mine with a simple mill flowsheet focussing on the high-grade core within the deposit. The company intends to immediately commence re-scoping the project to ahead of proceeding to a feasibility study.”

*

[LongDonSilver]

It appears that trading in Heliostar was, is or might still be halted.

"The following issues remain halted by IIROC:

Company: Heliostar Metals Ltd.

TSX-Venture Symbol: HSTR

Further to TSXV Notice Dated: 2022-12-05

Reason: Pending Receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to Section 5.6(d) of Exchange Policy 5.3

Halt Date & Time (ET): 2022-12-05 @ 7:35 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions

https://rt.newswire.ca/rt.gif?NewsIt...ateId=20221205 "

Attempts to view the above link fail with errors.

[LongDonSilver]

Trading in Heliostar resumed today and it appears the market liked it buying out Aurea Mining Inc. Share price is up about 27% at the moment.