Heliostar Hits 25.45m Grading 8.26 g/t Gold in First Down Dip Drilling into Ana Paula Expansion Zone
Heliostar hits high-grade depth extension at Ana Paula as San Agustin restart fuels cash flow transition.
The most recent news (Feb 24, 2026) reports significant drill results from the Ana Paula project in Mexico. Hole AP-25-313A intersected 25.45 meters grading 8.26 g/t gold, including a very high-grade core of 8.30 meters at 19.99 g/t gold. This hole is a 70-meter step-out from the nearest intercept in the Expansion Zone, confirming that mineralization remains open at depth and to the north/northwest. This follows the Feb 5, 2026, announcement of the first gold pour from the San Agustin mine restart, which was completed on time and on budget.
- Material - Positive: The drill results at Ana Paula are highly significant because they prove the deposit is not "bottoming out" as previously modeled. Hitting 8.26 g/t over 25 meters in a 70-meter step-out suggests substantial resource growth potential beneath the current Feasibility Study footprint.
- Operational De-risking: The successful gold pour at San Agustin (Feb 2026) and the achievement of 2025 production guidance (34,098 GEOs) demonstrate management's ability to execute. The company has transitioned from a developer to a multi-asset producer.
- Financial Synergy: San Agustin is expected to produce ~30,000 oz in 2026 at a $2,000 AISC. At current gold prices (budgeted at $3,800/oz), this generates massive free cash flow to fund the Ana Paula decline and Feasibility Study without further equity dilution.
Heliostar is a gold producer and developer focused on Mexico. - Flagship Project: Ana Paula (Guerrero, Mexico). A high-grade underground project with a PEA (Nov 2025) showing an NPV5% of $426M (at $2,400 gold) and an AISC of $1,011/oz. - Producing Assets: La Colorada (Sonora) and San Agustin (Durango). - Growth Pipeline: Cerro del Gallo (PFS filed Jan 2026, NPV $424M) and San Antonio.