Heliostar Metals stock gains on Mexican asset buys
Heliostar aims to reach production of more than 500,000 oz. of gold a year by 2030.
Africa-focused gold producer Avion Gold (TSX: AVR) will intensify its drilling campaign at its Vindaloo zone in Burkina Faso following a slew of drilling results that extended strike length of gold mineralization by over a kilometre.
Calling the latest intercepts an “apparent clear path” to a resource increase, John Begeman, Avion president and CEO, said in a statement that Avion would double its exploration budget to $6 million at the Hounde property, which covers the Vindaloo target. There Avion has so far outlined 63,000- and 547,000-ounces gold in the indicated and inferred categories, respectively.