Heliostar Announces VP Corporate Development

Rhea-AI Summary

Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) has appointed Mr. Mike Gingles as Vice President Corporate Development. Mr. Gingles brings over 35 years of experience in the mining industry, having led corporate transactions for Pueblo Viejo and Turquoise Ridge, resulting in the development of over 30 million ounces of gold reserves.

Mr. Gingles has worked for major mining companies, including 11 years with Placer Dome (now Barrick Gold). He is a Qualified Professional (QP) member of the Metallurgical & Mining Society of America with expertise in Mineral Valuation Finance. Mr. Gingles holds an MBA from Imperial College Business School, London.

Heliostar CEO, Charles Funk, stated that Mr. Gingles will transition to a full-time role to help the company build towards its initial target of 150,000 ounces of profitable annual gold production.

Positive

• Appointment of experienced VP Corporate Development with 35 years in the mining industry
• New VP led transactions resulting in 30 million ounces of gold reserves development
• Company targeting 150,000 ounces of profitable annual gold production

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - October 8, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has appointed Mr. Mike Gingles as Vice President Corporate Development.

Mr. Gingles has over 35 years of corporate and entrepreneurial experience in the mining industry and is credited with leading corporate transactions for Pueblo Viejo and Turquoise Ridge that resulted in the development of over 30 million ounces of gold reserves. He has worked for several major mining companies, including 11 years with gold major Placer Dome (now Barrick Gold), and has lived and worked in Australia, UK, Chile, USA, and Colombia.

Mike has a broad range of expertise across strategic planning, valuations, corporate and business development, project development, financial management, and commercial contracts. He is a Qualified Professional (QP) member of the Metallurgical & Mining Society of America with special expertise in Mineral Valuation Finance. Mike graduated from King's College London and the Royal School of Mines and holds an MBA from Imperial College Business School, London.

Heliostar CEO, Charles Funk, commented, "We are pleased to formally welcome Mike to Heliostar. He brings a strong history of successful M&A experience, from asset purchases to mine construction contracts throughout North and South America. Mike has been a consultant to Heliostar from the beginning of the negotiation that led to our acquisition of the former Argonaut's production assets in Mexico. He will transfer across to a full-time role to help us build towards our initial target of 150,000 ounces of profitable annual gold production."

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico and has recently entered into an agreement to acquire a portfolio of production and development assets in Mexico.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Charles Funk President and Chief Executive Officer Heliostar Metals Limited Email: charles.funk@heliostarmetals.com Phone: +1 844-753-0045

Rob Grey Investor Relations Manager Heliostar Metals Limited Email: rob.grey@heliostarmetals.com Phone: +1 844-753-0045

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: build towards our initial target of 150,000 ounces of profitable annual gold production.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225903

FAQ

Who did Heliostar Metals (HSTXF) appoint as VP Corporate Development?

Heliostar Metals appointed Mr. Mike Gingles as Vice President Corporate Development.

What is Mike Gingles' experience in the mining industry?

Mike Gingles has over 35 years of corporate and entrepreneurial experience in the mining industry, including 11 years with Placer Dome (now Barrick Gold).

What is Heliostar's (HSTXF) initial gold production target?

Heliostar's initial target is 150,000 ounces of profitable annual gold production.

What notable transactions has Mike Gingles led in the mining industry?

Mike Gingles led corporate transactions for Pueblo Viejo and Turquoise Ridge, resulting in the development of over 30 million ounces of gold reserves.