Heliostar Metals (TSXV: HSTR) has released the first assay results from an ongoing exploration program at their Ana Paula project in Mexico. The ongoing program aims to complete a total of 15,000 metres of drilling in support of a feasibility study as well as resource conversion.
Highlights from the results include:
- AP-25-322: 6.67 g/t gold over 20.95 metres from a depth of 113.5 metres
- And 13.60 g/t gold over 14.75 metres from a depth of 153.5 metres
- AP-25-323: 8.72 g/t gold over 12.20 metres from a depth of 344.5 metres
- AP-25-325: 6.29 g/t gold over 30.20 metres from a depth of 195.8 metres
Holes AP-25-322 and AP-25-324 were intended as geotechnical holes for mine development, which returned assay results in line with expectations. Holes AP-25-323 and AP-25-325 meanwhile were focused on resource conversion, and were drilled at the western end of the High Grade Panel. Both holes are said to have the potential to expand the resource as a result of their intercepts.
“These first results highlight the consistency of gold mineralization at the High Grade Panel, where we have two rigs turning. One is focused on resource drilling to grow the resource and to convert inferred to higher confidence ounces, and the second is with a geotechnical focus to support the Feasibility Study. These are the first of consistent, drill results planned to be released monthly from Ana Paula through 2025 and into 2026,” commented Charles Funk, CEO of Heliostar Metals.
Drilling remains focused on the less defined western edge of the High Grade Panel, with three holes pending assay results from this region. Assays from seven holes meanwhile are pending from the center of this zone.
A total of 18 holes have been completed to date across 5,556 metres under the currently ongoing program, with two drills turning.
Heliostar Metals last traded at $1.41 on the TSX.
Information for this story was found via Sedar and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
