Heliostar Drill Results Strengthen Case for a Mine Life Extension at San Agustin - Investing News Network

AI desk brief

Heliostar expanded San Agustin drilling in Mexico to 25,000–30,000 metres, targeting up to two additional years of mine life. East Wall drilling returned 100.6 metres at 0.42 g/t gold equivalent from surface; true widths are unknown. Management expects East Wall and Corner Expansion to provide half the targeted extension, with the broader expansion objective targeted for completion in 2027. A mine-life extension decision depends on updated reserves, metallurgy, engineering and permit modifications; the results could support company cash generation, but the release does not establish a material bullion-supply effect.