Heliostar Hits 8.82g/t Gold at Ana Paula Project

Canada-based Heliostar Metals announced additional positive results from its ongoing 15,000m drill program at the Ana Paula project in Guerrero. The company reported a wide, high-grade intercept from a resource conversion drill hole in the High Grade Panel of the deposit.

Heliostar Metals reported that its drill hole AP-25-329 returned an interval of 88.05m grading 8.82g/t gold. Other notable results from the program include hole AP-25-327, which intersected 20.5m grading 4.61g/t gold."The drill results from the ongoing Ana Paula program continue to provide exciting results. The infill-focused drilling consistently returns broad, continuous intervals of strong grades as expected and,  in some instances, hitting higher grade material than is currently estimated in the block model," said Charles Funk, CEO, Heliostar Metals.

According to Heliostar Metals, the drill program aims to convert inferred ounces to higher confidence classifications to support an ongoing Feasibility Study (FS). The company has mobilized a third drill rig to the site to accelerate the program, with 6,529m completed in 24 holes to date.

Heliostar Metals stated it intends to make a construction decision for Ana Paula based on the FS, aiming for the mine to be in production at a rate of 100,000oz/y in 2028. The next drill results from the project are anticipated to be released in early November 2025.