Zacatecas Silver Secures Exploration Portfolio from Heliostar Metals in Mexico
Zacatecas Silver Enters into Definitive Option Agreement to Acquire Multi-Asset Exploration Portfolio from Heliostar Metals
Image: Benzinga
Zacatecas Silver Corp. has entered a definitive agreement to acquire a 100% interest in four exploration properties in Mexico from Heliostar Metals. This acquisition enhances Zacatecas Silver's growth in the mining sectors of Sonora and Oaxaca, with significant potential for high-grade gold and silver mineralization.
- 01Zacatecas Silver will pay a total of US $450,000 to Heliostar, with US $150,000 paid upon signing the agreement.
- 02The acquisition includes the Oso Negro, Cumaro, La Lola, and Ejutla properties, known for their high-grade mineralization potential.
- 03Zacatecas Silver will issue US $750,000 in common shares to Heliostar, subject to a share cap of 12,500,000 shares.
Advertisement
In-Article Ad
Zacatecas Silver Corp., through its subsidiary Desarrollos Mineros Zacatecas Silver, has signed a definitive option agreement with Heliostar Metals to acquire a 100% interest in four exploration properties located in Sonora and Oaxaca, Mexico. This acquisition includes the Oso Negro, Cumaro, La Lola, and Ejutla properties, which are recognized for their high-grade gold and silver mineralization potential. The transaction involves a total payment of US $450,000 to be made over three years, alongside the issuance of US $750,000 in common shares. Notably, the Oso Negro property presents an undrilled high-grade discovery opportunity, while Cumaro is strategically located near Coeur Mining's active development. The La Lola property spans 1,183 hectares and features a significant vein system, and Ejutla covers 10,603 hectares with indications of Carlin-style mineralization. This acquisition is expected to significantly bolster Zacatecas Silver's exploration efforts in these promising mining jurisdictions.
Advertisement
In-Article Ad
The acquisition is expected to enhance local mining activities, potentially leading to job creation and economic growth in the Sonora and Oaxaca regions.
Advertisement
In-Article Ad
Reader Poll
What do you think about Zacatecas Silver's acquisition of the exploration properties?
Connecting to poll...
Read the original article
Visit the source for the complete story.




