# Heliostar Announces Closing of Option Agreement with Zacatecas Silver for Non-Core Properties

Source Brief: https://evesgoldminers.com/research/source-briefs/heliostar-metals-ltd-2026-06-07-heliostar-announces-closing-of-option-agreement-w-8700fc3a
Original source: https://www.heliostarmetals.com/news-media/news-releases/heliostar-announces-closing-of-option-agreement-with-zacatecas-silver-for-non-core-properties
Original published: 2026-06-07
EGM generated: 2026-09-27
Company: Heliostar Metals Ltd. (HSTR)

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# Heliostar Announces Closing of Option Agreement with Zacatecas Silver for Non-Core Properties

Source: https://www.heliostarmetals.com/news-media/news-releases/heliostar-announces-closing-of-option-agreement-with-zacatecas-silver-for-non-core-properties
Published: 2026-06-07T23:00:00+00:00
Fetched: 2026-09-12T07:02:37.234+00:00
Source artifact: 8700fc3a-14a0-443c-bf09-f0a5ba5d37e6
Normalizer input: text

## Content

June 8, 2026 Vancouver, Canada, June 8, 2026 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“ Heliostar ” or the “ Company ”) is pleased to announce it has completed the previously announced option agreement with Zacatecas Silver Corp. (TSX.V: ZAC) (“ Zacatecas Silver ”). As announced on March 2, 2026, the Company has granted Zacatecas the option to acquire a 100% interest in certain non-core exploration properties. These consist of the Cumaro, La Lola, Oso Negro and Ejutla early-stage exploration projects located in Mexico.
The agreement consists of staged payments to Heliostar over the next three years totalling $450,000 in cash and $750,000 in shares of Zacatecas Silver, with $129,000 in cash paid and 4,217,845 shares of Zacatecas Silver issued to Heliostar on closing. The Company also retains a 2% net smelter return royalty (NSR) on the properties, with 1% available for repurchase any time prior to commercial production for $2,000,000.
Heliostar is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the Company’s La Colorada Mine in Sonora and the San Agustin Mine in Durango supports the development of its 100% owned pipeline of growth projects in Mexico and the USA. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato, and the Goldstrike project in Utah.