Mining Stock Daily
Heliostar Drill Results showing Promising Open Pit Expansion and Underground Mining Possibilities at La Colorada
Apr 9, 2025
Charles Funk, CEO of Heliostar Metals, shares exciting news about the La Colorada Mine in Mexico, detailing promising drill results that indicate rich gold and silver grades. He discusses the shift from open pit to underground mining possibilities and the implications for resource expansion. The conversation explores financing strategies and the robust financial health of the company. Furthermore, Funk addresses security concerns in Mexican mining and reassures listeners about their projects' safety, encouraging independent research among investors.
13:46
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Heliostar Metals showcases significant drill results at La Colorada, indicating promising potential for both open-pit and underground mining operations.
- The company's strategic funding of nearly $20 million enables an extensive drilling program aimed at enhancing resource capacity and shareholder value.
Deep dives
Positive Drill Results at La Colorado
Recent drill results from La Colorado mine reveal significant gold and silver grades, including 8.8 meters containing 25 grams per ton of gold and 768 grams per ton of silver. These high-quality grades indicate a strong potential for both open-pit and underground mining operations. The management believes there are opportunities for increased resources due to the existing mineralization beyond previously defined limits, and upcoming step-out drilling should help expand these findings further. The company is optimistic that these results will enhance the economic viability of the project, thus impacting its future plans positively.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
