Heliostar Expands Expansion Zone and Drills 99.8 Metres Grading 10.9 g/t Gold at Ana Paula
Heliostar’s high-grade Ana Paula intercepts de-risk the feasibility study despite a $300m capex wall and aisc volatility testing near-term execution.
Heliostar Metals Ltd. (HSTR) announced additional high-grade gold drill results from its 100% owned Ana Paula project in Mexico. Key intercepts include:
- 99.8 m grading 10.90 g/t Au in the High Grade Panel
- 49.6 m grading 2.88 g/t Au in the Expansion Zone
- 21.6 m grading 10.38 g/t Au in the North Zone Linkage
The 2025-26 drill program has completed 95 holes totaling 32,678 metres of a 35,000 m target. Results confirm mineralization continuity and expansion potential, supporting resource conversion for the upcoming Feasibility Study. The company remains on track for a Feasibility Study release in Q2 2027, with a technical progress update scheduled for Q3 2026.
Heliostar Metals Ltd. (HSTR) released drill results that validate its geological model and support the upcoming Feasibility Study for its flagship asset. The company did not announce any new financial guidance, production changes, or shifts in capital allocation.
The market has already priced in the strong gold price environment and the company's execution. The stock has declined approximately 30% since the Q1 earnings release on May 12, 2026, suggesting investors are focused on the upcoming $300 million Ana Paula capital expenditure requirement and potential dilution or financing risks rather than near-term production beats.
Heliostar Metals Ltd. (HSTR) holds a portfolio of 100% owned assets across Mexico and the USA. Its producing assets include the La Colorada mine in Sonora, Mexico, and the San Agustin mine in Durango, Mexico.
The company’s development pipeline features the Ana Paula project in Guerrero, Mexico, which is a flagship underground operation targeting production in 2028. Other development projects include Cerro del Gallo in Guanajuato, Mexico, and San Antonio in Baja California Sur, Mexico.
The exploration pipeline includes Goldstrike in Utah, USA, a recently acquired Carlin-style gold and antimony asset, as well as Antimony Ridge and Unga in Alaska, USA. The company is led by CEO Charles Funk and COO Gregg Bush, with a focus on self-funded growth and low-cost operations.