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.
Geologists suspected there would be significant copper below Pershimco Resources’ (TSX-V: PRO) La Pava gold deposit at its Cerro Quema project in Panama.
In drilling La Pava during the mid-1990s, previous project operators mostly stuck to near-surface gold in La Pava’s oxide cap and in the process outlined a now updated indicated resource of 7.2 million tonnes @ 1.1 g/t gold.