Heliostar Metals Ltd. Reports Promising Drill Results from Ana Paula Project
Heliostar Metals Ltd. (TSXV: HSTR, OTCQX: HSTXF) announced on 24 February 2026 that its latest down‑dip drilling at the 100 % owned Ana Paula project in Guerrero, Mexico, produced a strong gold intercept. The drill hole, designated AP‑25‑313A, penetrated 25.45 m at a grade of 8.26 g t⁻¹ gold, measured from a depth of 493.8 m. Within that interval, the company reported a higher‑grade segment of 8.30 m at 19.99 g t⁻¹ gold.
Key Highlights of the Intercept
| Section | Depth (m) | Grade (g t⁻¹) | Notes |
|---|---|---|---|
| Expansion Zone | 493.8–519.3 | 8.26 | 25.45 m total; 8.30 m at 19.99 g t⁻¹ |
| High‑Grade Panel | 116.65–172.00 | 9.71 | 55.35 m total; includes 8.39 g t⁻¹ over 23.40 m |
| 196.0–236.85 | 4.73 | 40.85 m total | |
| 40.15–73.10 | 5.04 | 32.95 m total |
These results are being incorporated into the company’s resource update and will feed directly into the ongoing feasibility study for Ana Paula. The expansion zone remains open to the north, northwest, and at depth, suggesting further potential for ore zone continuity.
Strategic Context
Heliostar’s dual‑country exploration focus—searching for gold properties in both Canada and the United States—positions the company uniquely within the metals and mining sector. The Ana Paula project represents the company’s most advanced asset, and the recent high‑grade intercepts reinforce its potential for a significant gold deposit. CEO Charles Funk emphasized the drill program’s objective: converting inferred ounces into higher‑confidence classifications while testing the next set of exploration targets adjacent to the current deposit.
Market Reception
Following the announcement, Heliostar’s share price closed at $2.86 CAD on 22 February 2026, reflecting a modest gain in the wake of the drill results. The company’s 52‑week high and low—$3.47 CAD and $0.72 CAD, respectively—underscore the volatility typical of exploration‑stage firms, but the recent data may provide a catalyst for renewed investor interest.
Conclusion
The 25.45 m, 8.26 g t⁻¹ gold intercept at Ana Paula marks a significant milestone in Heliostar Metals’ exploration agenda. By strengthening the resource base and supporting the feasibility study, the company is advancing its trajectory toward a potential commercial gold operation, while maintaining its broader exploration portfolio across North America.
