Heliostar Metals Ltd - HSTXF STOCK NEWS

Heliostar Metals (HSTXF) announced significant drilling results from its Ana Paula project in Mexico. The company completed 3,210 metres in phase one, revealing notable gold intersections including:

- 161.0 metres @ 4.26 g/t gold, including 30.0 metres @ 10.1 g/t gold and 15.7 metres @ 10.4 g/t gold in the High Grade Panel

- 3.0 metres @ 21.4 g/t gold in the Parallel Panel

- A satellite discovery of 24.0 metres @ 5.10 g/t gold located over 150m below the High Grade Panel

The drilling program aims to expand boundaries and upgrade resource classifications of the High Grade Panel. The company has completed nine holes and four geotechnical and water monitoring holes. Additionally, Heliostar was included in the 2024 TSX Venture 50™ list, recognizing its performance over the past year.

Heliostar Metals (HSTXF) has fully repaid its US$5 million acquisition loan from Deans Knight Capital Management , originally obtained on November 6th, 2024. The loan, which carried a 15% annual interest rate and was due to mature in November 2026, was used to acquire operating and development assets in Mexico from Florida Canyon Gold.

The company executed the repayment in two phases: US$2 million in December 2024 and the remaining US$3 million in February 2025, completing the repayment within approximately three months of the asset acquisition. The debt strategy allowed the company to complete the acquisition with less than one percent equity dilution.

CEO Charles Funk highlighted that the early repayment demonstrates the strong free cash flow generation from their operating mines and fiscal discipline. Being debt-free will enable the company to reinvest all operational profits directly into expanding production and growing resources across their portfolio throughout 2025.

Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF) has appointed Vitalina Lyssoun as Chief Financial Officer, effective March 3, 2025. Lyssoun brings over 16 years of financial expertise in the resource sector, most recently leading the corporate accounting team at Gatos Silver Inc. through their merger with First Majestic Silver Corp.

Lyssoun's experience includes developing Gatos Silver's Sarbanes-Oxley Act compliance program and holding positions at Endeavour Mining Plc and QuadReal Property Group. She is a Chartered Professional Accountant with a Bachelor of Commerce from the University of British Columbia and is fluent in Spanish.

The appointment marks another step in Heliostar's growth from concept to gold producer, with CEO Charles Funk noting the company's goal of becoming a mid-tier producer. Lyssoun will oversee administrative, financial, and risk management operations, replacing founding CFO Mahesh Liyanage.

Heliostar Metals (HSTXF) has announced its 2024 production results and 2025 guidance. The company exceeded its 2024 production guidance, delivering 20,795 Gold Equivalent Ounces (GEOs), comprising 20,298 gold ounces and 43,076 silver ounces. The fourth quarter of 2024 contributed 10,391 GEOs to this total.

For 2025, Heliostar projects production of 31,000-41,000 GEOs at an all-in sustaining cost (AISC) of US$1,950-2,000 per GEO. This production will come from two main operations: La Colorada Mine, which restarted mining from the Junkyard Stockpile in January 2025, and San Agustin Mine, which continues residual production with plans for restart pending permit approval.

The San Agustin restart is expected in October 2025, though initial capital requirements will result in elevated costs. The company is also completing a Feasibility Study on Ana Paula during 2025 for a potential construction decision.

Heliostar Metals (HSTXF) has announced significant drilling results from its La Colorada Mine in Sonora, Mexico. The company reported several high-grade gold intersections, including 5.0m at 9.69 g/t gold and 4.3m at 9.87 g/t gold, as part of a 12,500-metre drilling program. La Colorada resumed production in January 2025, with the current program aimed at expanding mineral reserves ahead of a Feasibility Study planned for mid-2025.

The drilling program, utilizing five rigs, focuses on the Creston pit expansion and has completed 47 holes to date, with results from 23 new holes reported. The project currently holds mineral reserves of 312,000 ounces of gold grading 0.76 g/t gold. The company is targeting both shallow extensions of known veins and deeper mineralization beneath the pit, with results suggesting potential conversion of waste areas to ore in an updated reserve model.

Results will be incorporated into a resource model supporting a reserve update, potentially reducing the strip ratio of the Crestón pit expansion and improving project economics. The company aims to make an expansion decision by mid-2025 to increase production to 50,000-100,000 ounces per year.

Heliostar Metals has filed technical reports for three recently acquired Mexican projects. The La Colorada Operations show US$25.9M NPV5, 11.9% IRR, with US$53.9M CAPEX and expected production of 287k total ounces at US$2,000/oz gold. Production restart commenced this month at the Junkyard Stockpile, with El Crestón expansion expected to produce over 50,000 ounces of gold per year.

The San Agustin Operations demonstrate US$12.7M NPV5, 156.1% IRR, US$4.2M CAPEX and 45k total ounces produced at US$2,100/oz gold. The Phase 4 Permit, expected in 2025, will enable cash flow generation and rehabilitation costs funding.

The San Antonio Project PEA shows US$398.7M NPV5, 40.7% IRR, US$131.3M CAPEX and 1.1 million total ounces produced at US$1,900/oz gold, with a mineral resource of 1.6 million ounces.

Heliostar Metals (HSTXF) has announced plans to restart mining operations at the La Colorada Mine in January 2025, focusing on the Junkyard Stockpile. The company has completed 57 drill holes totaling 2,290 metres on the stockpile, which contains material previously mined from the Gran Central Pit in the 1990s. The drilling program revealed a historic tailings facility beneath the stockpile, requiring additional metallurgical testing.

The planned restart will initially supplement and then replace current gold production from residual leaching at the mine. A technical report including drilling results, resource modeling, and metallurgy for the Junkyard Stockpile, along with Creston Pit expansion details, will be published in January 2025.

Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF) has appointed Ramon Tomas Dávila Flores as non-executive director to its board with immediate effect. Dávila brings extensive experience from his roles as President of Guanajuato Silver, Minister of Economic Development for Durango State (2016-2020), COO of First Majestic Silver (until 2014), and President of Pan American Silver's Mexican operations.

As part of his compensation, Dávila will receive 200,000 share purchase options with a five-year term at C$0.70 strike price and 50,000 Restricted Share Units. He will join the company's Technical Committee, HSESD Committee, and Human Resources and Compensation Committee.

Heliostar Metals announced significant drill results from its Ana Paula project in Mexico. Notable intersections include 87.8 metres @ 16.0 g/t gold including 16.1 metres @ 71.8 g/t gold in hole AP-24-317, and 125.9 metres @ 4.02 g/t gold including 23.6 metres @ 12.5 g/t gold in hole AP-24-315. The drilling program, consisting of 2,600 metres in phase one followed by 2,400 metres in phase two, continues to expand the High Grade Panel to the north and down-dip while increasing resource confidence. Eight holes have been completed totaling 2,860.1 meters, with drilling focus shifting to geotechnical and water testing before returning to resource drilling in 2025.