Heliostar Metals Ltd. Advances Exploration at Ana Paula and Expands Its Expansion Zone
Heliostar Metals Ltd. (TSX: HELI) announced that its drilling programme at the Ana Paula site in the Yukon has progressed to a significant depth and has produced high‑grade gold intercepts.
Key drilling results
- Main drill – 99.8 m intersected 10.90 g/t Au starting at 50.5 m.
- Secondary intercept – 37.0 m intersected 6.95 g/t Au starting at 16.8 m.
- Expansion zone – 49.6 m intersected 2.88 g/t Au starting at 539.4 m, with a 9.05 m section at 9.49 g/t Au.
- Additional intercepts – 16.95 m at 3.49 g/t Au starting at 613.2 m; 21.6 m at 10.38 g/t Au starting at 127.0 m, including a 6.9 m segment at 26.18 g/t Au.
The results demonstrate the persistence of high‑grade ore within the Ana Paula target and provide a solid foundation for further expansion of the resource model.
Implications for Heliostar
- The company’s exploration focus remains on high‑grade gold deposits in Canada and the United States.
- Successful drilling at Ana Paula reinforces the viability of the current resource estimates and supports the company’s strategy of incremental expansion.
- Positive assay data can enhance the company’s valuation, which currently trades at a price‑to‑earnings ratio of 12.3 against a market cap of CAD 438.53 million.
Market context
- Heliostar’s share price closed at CAD 1.76 on 25 June 2026, after a 52‑week high of CAD 3.47 (27 January 2026) and a 52‑week low of CAD 1.11 (30 July 2025).
- The company’s exploration activities are carried out on the TSX Venture Exchange and are denominated in Canadian dollars.
Outlook
Heliostar intends to continue drilling to better define the extent of the gold mineralisation at Ana Paula and to expand the associated expansion zone. Subsequent assay results will determine the next steps in resource modelling and potential feasibility studies.
