en.Wedoany.com Reported - Heliostar Metals Ltd. has obtained a land use change permit from Mexico's environmental authority, providing legal certainty for the expansion of its La Colorada open-pit mine in Sonora. The company also released high-grade gold drilling results from the Veta Madre deposit.

CEO Charles Funk stated that the permit complements existing permits for the expansion of the current pit and leach pad. Engineering work is underway, and waste stripping is expected to begin in early Q3 2026.

The company has completed 44 drill holes totaling 8,425 meters, aimed at increasing the current gold reserves of 376,200 ounces. Drilling activities in the high-grade zone of the Veta Madre deposit yielded significant intercepts: 10.9 meters grading 22.1 g/t gold, including 1.3 meters grading 174 g/t gold; and 40.8 meters grading 2.23 g/t gold.

Management believes these results confirm the continuity of high-grade mineralization. The expansion plan aims to add 20,000 ounces of gold to the existing mining plan, with a target to begin production in the first half of next year. Cash flow from La Colorada and San Agustín will be used to fund the development of its flagship Ana Paula project.

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