Transcript
hi my name is charles funk i'm the ceo of heliostart metals hstr in canada and hst xf is our ticker code in the us we've been talking a lot recently about our spectacular results from unga you know we think it's a multi-million ounce district in alaska it's got very high grade hits that we've been delivering consistently over the last few months but today we're actually talking about something completely different a whole nother string to heliostar's bow it's our projects in northern mexico in sonora we have three projects there that we each thought could be company making projects and one of those kumuro has taken a huge step forward this week it's part of the picacho district that we share with silvercrest i think the fact that we have it in silver crest have it probably speak to the pedigree given our track records um in in this part of the world and what we announced was dozens and dozens of intercepts on surface literally just surface sampling a vein that we found that you know up to five meters of 12.6 grams gold equivalent high grade gold with a nice silver credit lots of hits that could easily be in an open pit target and it's never been followed up on so we're going to drill underneath we've only just got to continue to hit the same grades underneath there's every reason that that should be the case and we can start building a resource and why it's such an exciting value proposition why it's a game-changing value proposition really is that the economic hurdle in this part of the world is incredibly low we have three mines within trucking distance there's the first majestic santa elena mine there's equinox gold's mercedes mine and silvercrest is building last chispus in fact this project or the ground around it was picked up in the past with exactly this in mind to be a satellite or source to these mills and so if we could just extend that mineralization down 100 meters deliver 200 000 ounces even conservatively at 25 an ounce that's double our market cap so what we're doing now is changing our plan given that sentiment is low in in the gold industry more broadly we can focus on delivering a really near-term win and when i mean near-term i'm talking months so we will step down and drill that target in november this year have results at the very beginning of next year and even as little as 200 000 ounces would be a game changer for our company we think though this package can contain much more there's a lot more veins that have never been drilled but just at the start there's a huge value proposition you don't normally talk about value plays with junior explorers but you know with what we have in alaska and now these results you know i think heliostar represents a deep value play that will be unearthed in the next couple of months a heliostar our brand is is high grade districts and that we can unlock you know we're a team of discoverers who's delivered you know you look at visa last year you look at what we've delivered in alaska now we've got this in mexico so stay tuned for lots of news we'll be delivering more results from as we drill and expand on what we've just found here in mexico we've got the multi-million ounce potential in alaska you know back teams that know how to make discoveries and we'll deliver useful over the next few months for you to support that so thank you very much for listening and stay tuned it's an exciting winter for us
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