Business
Heliostar Metals Announces Stock Option Grant
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2021) - Heliostar Metals Limited (T...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Metals Announces Stock Option GrantVancouver, British Columbia--(Newsfile Corp. - December 7, 2021) - Heliostar Metals Limited (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") announces that it has granted to directors, officers, employees and consultants of the Company stock options (the \"Options\") exercisable to acquire up to a total of 1,235,000 common shares under the Company's Stock Option Plan in accordance with the terms of the Company's stock option plan. The Options are exercisable for a period of five years at a price of $0.72 per share and will vest 1/3 immediately; 1/3 after 12 months from the date of grant; and 1/3 after 24 months from the date of grant. The Options are subject to the policies of the TSX Venture Exchange. About Heliostar Metals Ltd.Heliostar is a well-financed junior exploration and development company with a portfolio of high-grade gold projects in Alaska and Mexico. The Company's flagship asset is the 100% controlled Unga Gold Project on Unga and Popof Islands in Alaska. The project hosts an intermediate sulfidation epithermal gold deposit, located within the district-scale property that encompasses 240 km2 across the two islands. Additional targets on the property include porphyry copper-gold targets, high sulphidation targets and intermediate sulphidation epithermal veins. On Unga Island, priority targets include: the SH-1 and Aquila, both on the Shumagin Trend, the former Apollo-Sitka mine, which was Alaska's first underground gold mine, and the Zachary Bay porphyry gold-copper prospect. Gold mineralization at the Centennial Zone is located on neighbouring Popof Island within four kilometres of infrastructure and services at Sand Point.In Mexico, the Company owns 100% of three early-stage epithermal projects in Sonora that are highly prospective for gold and silver. Cumaro forms part of the El Picacho district, while the Oso Negro and La Lola projects are early-stage projects considered prospective for epithermal gold-silver mineralization.For additional information please contact: Charles FunkChief Executive OfficerHeliostar Metals LimitedEmail: [email protected] GreyInvestor Relations ManagerHeliostar Metals LimitedPhone: +1 778 357 1313Email: [email protected] TSX Venture Exchange nor its Regulation Services Provider (...