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Heliostar to Commence 15,000m Ana Paula Drill Program

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Heliostar Metals (HSTXF) has announced its largest-ever drilling program at the 100% owned Ana Paula deposit, with plans to commence a 15,000m drill program in April 2025 using two drill rigs.

The program focuses on three key objectives:

  • Infill drilling to convert inferred ounces to higher confidence categories for underground mining at the High Grade and Parallel Panels
  • Testing satellite zones, following up on recent intercepts including 16.0 metres at 16.7 g/t gold west of the High Grade Panel and 24.0 metres at 5.1 g/t gold over 150 metres beneath it
  • Exploring targets north of the Parallel Panel, investigating poorly defined high-grade gold intercepts that could represent repetitions of east-west fault controls

The company expects continuous drilling throughout 2025 with regular news updates.

Heliostar Metals (HSTXF) ha annunciato il suo programma di perforazione più grande di sempre presso il deposito Ana Paula, di cui detiene il 100%, con piani per avviare un programma di perforazione di 15.000 metri ad aprile 2025 utilizzando due trivelle.

Il programma si concentra su tre obiettivi chiave:

  • Perforazione di riempimento per convertire le once inferite in categorie di maggiore fiducia per l'estrazione sotterranea nei pannelli ad alta gradazione e paralleli
  • Testare zone satellitari, seguendo recenti intercettazioni che includono 16,0 metri a 16,7 g/t di oro a ovest del pannello ad alta gradazione e 24,0 metri a 5,1 g/t di oro per 150 metri sotto di esso
  • Esplorare obiettivi a nord del pannello parallelo, indagando su intercettazioni di oro ad alta gradazione poco definite che potrebbero rappresentare ripetizioni di controlli di faglia est-ovest

L'azienda prevede di continuare le perforazioni per tutto il 2025 con aggiornamenti regolari sulle notizie.

Heliostar Metals (HSTXF) ha anunciado su programa de perforación más grande hasta la fecha en el depósito Ana Paula, del cual posee el 100%, con planes de iniciar un programa de perforación de 15,000 metros en abril de 2025 utilizando dos equipos de perforación.

El programa se centra en tres objetivos clave:

  • Perforación de infill para convertir onzas inferidas en categorías de mayor confianza para la minería subterránea en los paneles de alta ley y paralelos
  • Probar zonas satelitales, siguiendo interceptaciones recientes que incluyen 16.0 metros a 16.7 g/t de oro al oeste del panel de alta ley y 24.0 metros a 5.1 g/t de oro a 150 metros por debajo de este
  • Explorar objetivos al norte del panel paralelo, investigando interceptaciones de oro de alta ley poco definidas que podrían representar repeticiones de controles de falla este-oeste

La empresa espera perforar continuamente durante 2025 con actualizaciones regulares de noticias.

Heliostar Metals (HSTXF)는 100% 소유한 아나 파울라 광산에서 역대 최대의 시추 프로그램을 발표했으며, 2025년 4월에 15,000m 시추 프로그램을 시작할 계획입니다. 두 대의 시추 장비를 사용할 예정입니다.

이 프로그램은 세 가지 주요 목표에 중점을 둡니다:

  • 고품질 패널과 평행 패널에서 지하 채굴을 위한 추정된 온스를 더 높은 신뢰도 카테고리로 전환하기 위한 충전 시추
  • 고품질 패널 서쪽에서 16.0미터에서 16.7g/t 금을 포함한 최근의 인터셉트를 따라 위성 구역 테스트, 그리고 그 아래 150미터에서 24.0미터에서 5.1g/t 금을 포함합니다
  • 평행 패널 북쪽의 목표를 탐색하며, 동서 방향의 단층 제어의 반복을 나타낼 수 있는 불명확한 고품질 금 인터셉트를 조사합니다

회사는 2025년 내내 지속적인 시추를 계획하고 있으며 정기적인 뉴스 업데이트를 제공할 것입니다.

Heliostar Metals (HSTXF) a annoncé son plus grand programme de forage à ce jour sur le dépôt Ana Paula, dont il détient 100 %, avec des plans pour commencer un programme de forage de 15 000 m en avril 2025 en utilisant deux foreuses.

Le programme se concentre sur trois objectifs clés :

  • Forage de remplissage pour convertir les onces inférées en catégories de confiance supérieure pour l'exploitation minière souterraine dans les panneaux à haute teneur et parallèles
  • Tester des zones satellites, en suivant les récents intercepts comprenant 16,0 mètres à 16,7 g/t d'or à l'ouest du panneau à haute teneur et 24,0 mètres à 5,1 g/t d'or sur 150 mètres en dessous
  • Explorer des cibles au nord du panneau parallèle, en enquêtant sur des interceptions d'or à haute teneur mal définies qui pourraient représenter des répétitions de contrôles de faille est-ouest

L'entreprise prévoit de continuer le forage tout au long de 2025 avec des mises à jour régulières des nouvelles.

Heliostar Metals (HSTXF) hat sein größtes Bohrprogramm aller Zeiten im 100% im Besitz befindlichen Ana Paula-Vorkommen angekündigt, mit Plänen, im April 2025 ein 15.000m Bohrprogramm mit zwei Bohrgeräten zu starten.

Das Programm konzentriert sich auf drei Hauptziele:

  • Infill-Bohrungen, um geschätzte Unzen in vertrauenswürdigere Kategorien für den Untertagebau in den Hochgrad- und Parallel-Panels umzuwandeln
  • Testen von Satellitenzonen, um auf kürzliche Durchschläge zu reagieren, einschließlich 16,0 Meter mit 16,7 g/t Gold westlich des Hochgrad-Panels und 24,0 Meter mit 5,1 g/t Gold über 150 Meter darunter
  • Erforschen von Zielen nördlich des Parallel-Panels und Untersuchung schlecht definierter hochgradiger Golddurchschläge, die Wiederholungen von Ost-West-Verwerfungskontrollen darstellen könnten

Das Unternehmen erwartet kontinuierliche Bohrungen während des gesamten Jahres 2025 mit regelmäßigen Nachrichtenaktualisierungen.

Positive
  • Launch of company's largest-ever drill program (15,000m)
  • Previous high-grade gold intercepts: 16.0m @ 16.7 g/t Au and 24.0m @ 5.1 g/t Au
  • Potential for resource expansion through multiple exploration targets
  • 100% ownership of Ana Paula deposit
Negative
  • Resource currently contains lower-confidence inferred ounces requiring conversion
  • Multiple zones remain poorly defined due to lack of drilling

Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce an aggressive drill-out of the Company's 100% owned Ana Paula deposit. The company will mobilize two drill rigs in April to commence the program.

Heliostar CEO Charles Funk comments, "We have always wanted to push harder at Ana Paula, and now we can commence the largest drill program in the Company's history. We see potential to further improve the resource at Ana Paula. The program will infill the current resource, step out to expand its boundaries and explore untested areas on the property. Both we and our shareholders have been keen for this opportunity, and it's time to turn the rigs loose at Ana Paula."

Ana Paula Drill Program

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7729/246653_16f03feae40ff995_001.jpg

Figure 1: A plan map of the Ana Paula 2023 Mineral Resource clipped to greater than 2g/t gold. Select Infill and Exploration targets labelled.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/246653_16f03feae40ff995_001full.jpg

The 2025 program will focus on three aspects to improve the Ana Paula resource:

  • Infill Drilling - Section-by-section drilling on the preferred north-to-south orientation. This will focus on converting inferred ounces to higher confidence categories for underground mining at the High Grade and Parallel Panels (Figure 1).

  • Testing the Extent of Satellite Zones - We will follow up on recent drill intercepts that include 16.0 metres at 16.7 grams per tonne (g/t) gold to the west of the High Grade Panel and 24.0 metres at 5.1 g/t gold over 150 metres beneath the High Grade Panel (Figure 2).

  • Testing Exploration Targets North of the Parallel Panel - The 2023 resource estimate highlights a number of poorly defined high-grade gold intercepts. These intercepts model as discrete zones of high-grade mineralization but remain poorly defined due to a lack of drilling. Heliostar believes these may be repetitions to the north of the interpreted east-west fault controls that host the High Grade Panel and Parallel Panels. They represent excellent exploration targets for the growth of the Ana Paula deposit (Figure 3).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7729/246653_16f03feae40ff995_002.jpg

Figure 2: A cross-section with the resource model from 2023 Mineral Resource Estimate highlighting the High Grade Panel (clipped to greater than 2 g/t gold resource blocks) and hole AP-24-319, an open deeper intercept to be followed up with the planned program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/246653_16f03feae40ff995_002full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7729/246653_16f03feae40ff995_003.jpg

Figure 3: A north-south section through the 2023 Ana Paula Resource. Major zones, the High Grade Panel, Parallel Panel and Expansion Zone, are labelled along with new northern exploration targets that will be tested in the 2025 drilling program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/246653_16f03feae40ff995_003full.jpg

The company expects the drill program to be continuous through the remainder of 2025 and provide steady newsflow over this period.

Statement of Qualified Person

Stewart Harris, P.Geo., a Qualified Person, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Harris is employed as Exploration Manager of the Company.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico and has recently entered into an agreement to acquire a portfolio of production and development assets in Mexico.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, we see potential to improve the resource at Ana Paula. The program will infill the current resource, step out to expand its boundaries, and explore untested areas on the property, and, they represent excellent exploration targets for growth of the Ana Paula deposit.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246653

FAQ

What is the size and timeline of Heliostar's (HSTXF) new Ana Paula drill program?

Heliostar will commence a 15,000m drill program in April 2025 using two drill rigs, continuing throughout 2025.

What are the key objectives of HSTXF's 2025 Ana Paula drilling program?

The program aims to infill drill the current resource, test satellite zones with promising gold intercepts, and explore new targets north of the Parallel Panel.

What significant gold intercepts has HSTXF previously found at Ana Paula?

Recent significant intercepts include 16.0 metres at 16.7 g/t gold west of the High Grade Panel and 24.0 metres at 5.1 g/t gold 150 metres beneath it.

How will the Ana Paula drill program impact HSTXF's resource classification?

The program aims to convert inferred ounces to higher confidence categories for underground mining at the High Grade and Parallel Panels.
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