Heliostar Metals - Launches Biggest Drill Program in Company History, Initial Ana Paula Results
HelioStar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1) is accelerating exploration at the Ana Paula Project with the launch of a 15,000-meter drill program focused on converting high-grade inferred ounces into the measured & indicated category. This work is a key step toward a feasibility study and potential mine development.
In this interview, Charles Funk, President and CEO outlines:
- The first drill results, including 30m grading 6.29 g/t gold and new high-grade zones.
- The company’s ambitious 40,000–50,000 meters of drilling through 2025, fully funded from mine cash flow.
- How HelioStar aims to lift Ana Paula’s resource to 1.5 million ounces M&I in the shallow high-grade core.
- Upcoming catalysts: continuous drill results, updated technical reports, feasibility study milestones, and quarterly production updates.
- A healthy cash balance of ~$30M and reinvestment strategy with minimal dilution.
With multiple projects advancing in parallel and consistent news flow expected, HelioStar is positioning itself for significant growth in both resources and production.
Send follow-up questions to fleck@kereport.com.
Click here to visit the Heliostar Metals website to learn more about the Company.
