Category: Investor’s Corner

“This enables us to hit the ground running as we prepare for our initial drilling program. A formal historical data compilation is in progress and will be used for the development of an updated geological model to aid in identifying regional hot spots for follow up exploration.”

Fortuna Silver Mines Inc. is pleased to report the first gold pour from its Lindero Mine located in the Province of Salta in Argentina. The pour took place today, on Tuesday, October 20, 2020, and produced 728 ounces of gold.

The earthquake was felt at site, but no injuries or damage was noted, and exploration activities have resumed today.

Alamos may acquire a 70% interest from Aloro by incurring an aggregate of USD$5,000,000 in exploration expenditures and making certain cash payments over the course of three years in two mining concessions (title numbers 244241 and 246230), commonly known as the Los Venados Project located in the Municipality Sahuaripa, in the State of Sonora, Mexico.

The Company intends to use the net proceeds from the Financing for the exploration and advancement of the Company’s principal assets in Guatemala and for general corporate purposes.

Morgan Good, Chief Executive Officer of Carlyle, commented, “Carlyle is excited to have completed the initial core drilling program with HDI affiliate UMS at the Mack copper-molybdenum-tungsten-gold target near Dease Lake, B.C.”

On the Effective Date, the Company’s name will change to Heliostar Metals Ltd. and it will begin trading on the TSX Venture Exchange under the symbol HSTR.V.

The aggregate proceeds raised under the Offering will be used for exploration expenditures related to the Gold Chain, Arizona project; the Jefferson Canyon, Nevada project; the Tip Top Gold, Nevada project; and, for working capital and general corporate purposes.

Akiba Leisman, Chief Executive Officer of Mako states that “this updated technical report confirms San Albino’s rank among the highest-grade open pit gold projects in the world.”