Heliostar Metals Ltd.

[LongDonSilver]

Heliostar has been good to me this year and is my top returner at over 47% ROI at this point in time. Anyone else holding Heliostar shares?

DYODD and your results will vary!!!

[LongDonSilver]

"Heliostar Drills 53.2 m Grading 11.0 g/t gold and 44.5 m Grading 11.0 g/t gold at Ana Paula Project, Mexico

6:32 am ET May 23, 2023 (Newsfile) Print

Highlights:

Hole AP-23-292
101.1 metres @ 8.3 grams per tonne (g/t) gold including;
53.2 metres @ 11.0 g/t gold



Hole AP-23-291
118.5 metres @ 5.4 g/t gold including;
44.5 metres @ 11.0 g/t gold including;
4.0 metres @ 48.5 g/t gold



These first drill results confirm our drilling thesis, which we believe will lead to a larger and higher grade core within the Ana Paula deposit

Vancouver, British Columbia--(Newsfile Corp. - May 23, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to report its first drill results from the Ana Paula project in Mexico. These two holes are the first drilled into the property by Heliostar, with the on-going drill program targeting the High Grade Panel at the core of Ana Paula that Heliostar believes has the potential to host a high margin, underground gold mine development opportunity.

Heliostar CEO, Charles Funk, commented, "We are thrilled with the first holes at Ana Paula. Drill results like this are rare anywhere in the world. Ana Paula's high grade and consistently wide intervals of gold mineralization demonstrate the underground mine potential. Heliostar will continue the 16-24 hole program designed to increase the Ana Paula resource, with a focus on infill and expansion of the High Grade Panel. Both holes exceeded expectations based on the current resource model. Hole AP-23-291 is particularly encouraging as it returned a 30% increase relative to the current resource model, at a >5 g/t cut-off grade. This builds confidence that infill drilling can increase ounces and potentially lift the overall grade of the deposit."

Ana Paula is an advanced gold project with an open pit mine permit, a prefeasibility study1 and over US$75M in recent exploration and development expenditures. These results are the first in a re-scoping of the asset with a view to underground mining. The re-scoping program includes drilling, underground mine design, geometallurgical optimization studies and a resource update, all of which will be delivered in 2023. The company believes this program will deliver a technically simpler and materially improved Net Present Value (NPV) for the project.

Drill Details

The Company's drill program centres on resource and reserve growth, a key priority of the effort to re-evaluate the project as a high-grade underground mine. The Company expects the drilling data will improve resource estimation and allow the Company to evaluate potential expansion of the High Grade Panel. In addition, the drilling also generates the geotechnical data required for engineering evaluations and metallurgical test work for flow sheet optimization.

Presently, the High Grade Panel is approximately 250 metres long by 100 metres high by 60 metres thick. It begins at surface and plunges 40 to 45 degrees to the west. Previous operators' drill holes across the panel returned intercepts including 63.4 metres at 15.3 g/t gold and 57.6 metres at 18.6 g/t gold. The panel is hosted primarily in a polymictic breccia unit, although it extends outward into the surrounding granodiorite and limestone. Gold mineralization is directly associated with the proportion of sulphide minerals in the rock. This provides a valuable visual key to the presence of gold mineralization.

There are two key opportunities to increase the resource, reserve, and grade of the High Grade Panel. Firstly, volume increase is possible both up- and down-dip of the current plunging mineralized panel (Figure 1). Secondly, the High Grade Panel is inadequately defined by historic drilling. The High Grade Panel contains areas of closer spaced drilling, less than 25 metres apart, and other gaps with greater than 40 metre spacing. In these greater than 40 metre gaps, despite consistent geology and mineralization in the nearby holes, the resource model has conservatively reduced the grade with increasing distance from data points (Figure 1). The two infill holes reported here, particularly hole AP-23-291, demonstrate this upside, with a significant increase in high grade (greater than >5 g/t) than predicted by the resource model."

[LongDonSilver]

Youtube from Heliostar CEO: https://www.youtube.com/watch?v=ouFP23XIXJ4

[LongDonSilver]

One more video: https://www.youtube.com/watch?v=lcWoc2bRMWU

[LongDonSilver]

"
Heliostar Intersects 242m Grading 9.06 g/t Gold - The Longest and Highest-Grade Drill Hole in the History of the Ana Paula project in Mexico

Highlights:

Hole AP-23-297
- 241.95 metres @ 9.06 grams per tonne (g/t) gold including
- 31.5 metres @ 21.5 g/t gold including
- 5.00 metres @ 51.0 g/t gold and including
- 35.2 metres @ 23.6 g/t gold including
- 9.90 metres @ 42.4 g/t gold

Hole AP-23-298
- 104.1 metres @ 6.14 g/t gold including
- 19.5 metres @ 15.11 g/t gold

Hole AP-23-297 is the longest, highest grade interval drilled in the history of the Ana Paula project.

These holes exceed the resource model’s predicted high grades, and extends high grade mineralization up plunge.

Vancouver, Canada, July 18th 2023 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to report additional drill results from the Ana Paula project in Mexico. These two holes continue to assess mineralization up plunge of and within the High Grade Panel at the core of Ana Paula.

Heliostar believes that the up plunge area of the High Grade Panel has the potential to increase the current mineral resource. The current drill program continues to demonstrate higher overall grades over broad widths relative to the current mineral resource. The current program will evaluate Ana Paula’s ability to host a high-margin, underground gold mine.

Heliostar CEO, Charles Funk, commented, “Hole AP-23-297, 242m grading 9.06 g/t gold, is an incredible gold intercept that exceeded our expectations. It shows potential to add ounces at higher grade in the up-plunge growth target. And it illustrates the excellent continuity of high grade along the length of the High Grade Panel. Holes AP-23-297 and AP-23-298 are both respectively 33% and 38% increases relative to the current resource model prediction, at a >5 g/t gold cut-off grade. Heliostar is well placed with a recently strengthened cash balance, continued flow of infill and growth drilling results and impactful metallurgical and geotechnical studies pending. The Company continues to tick off the catalysts to deliver the updated resource and re-scope of Ana Paula in 2023.”


Drill Results

Results from this press release are the first from Heliostar’s up-plunge growth target at Ana Paula. Hole AP-23-297 was drilled to achieve four objectives:

Test the up-plunge growth target in the High Grade Panel. Drilling has returned an increase in both grade and volume of higher grade in this region. The high-grade material is expected to be readily suitable for underground mining.

Confirm continuity of mineralization within the High Grade Panel on a metre-by-metre scale. The new drilling has infilled data between the existing 25-50m spaced holes currently defining the panel

Collect a large volume of high-grade mineralization for metallurgical testing

Add an east-to-west hole to the geotechnical program to reduce orientation bias and identify potentially unidentified faults to incorporate in mine design. No significant faults were encountered."


SEE: https://www.heliostarmetals.com/ for more details

[LongDonSilver]

"As summer progresses, our re-scoping plans at Ana Paula remain on track.

Drilling continues at the project, with our latest results confirming 242m grading 9.06 g/t gold (July 18 news release), making Hole AP-23-297 the longest and highest-grade drill hole in Ana Paula's history.

Our drill program continues to demonstrate higher overall grades over broad widths relative to the current mineral resource, reinforcing our vision for Ana Paula’s future as a high-margin, underground gold mine.

Looking ahead, an update on the underground mine planning will be released this month, and the updated resource and re-scope of Ana Paula are expected before the year-end.

Heliostar will also host an exclusive online event next month. Details coming soon."

[LongDonSilver]

"Heliostar Advances Underground Mining Scenarios at the Ana Paula Project, Mexico

Highlights:

The Ana Paula measured and indicated resource contains an average of 5,350 ounces of gold per vertical metre between 725-950 metres of elevation (immediately below surface)

The deposit’s favourable orientation, width, and shallow depth make the resource amenable to underground mining configurations

Heliostar is currently reviewing undergound mining scenarios at multiple cut-off grades and potential throughput rates

Potential underground mining scenerios take advantage of the existing 412 metre long, production sized, portal and decline

Vancouver, Canada, August 3rd 2023 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to report progress on re-scoping of the current Pre-Feasibility Study ( the “PFS”) at the Company’s Ana Paula Project in Mexico (“Ana Paula” or the “Ana Paula Project”) to evaluate potential underground mining scenarios. The Company is evaluating three underground mining scenarios, with different cut-off grades and mining rates, that are being advanced for more detailed evaluation and comparison. All three demonstrate the potential to deliver high grades early and throughout the mine life.

Heliostar CEO, Charles Funk, commented, “We are quickly advancing the re-scoping of Ana Paula towards an underground mine. The High Grade Panel is shallow and wide with a favourable orientation for productive underground mining. The Company is refining three scenarios to choose the approach that maximises the profitability of mining and shortens the timeline to production. One of the keys to achieving this is mining high grades early in the mine life, as compared to the open pit scenario. We will choose the best outcome and work through the Feasibility Study in 2023. We expect further improvements to the mine economics as current analysis does not include the excellent results from Heliostar’s 2023 drill program.”


Gold Distribution within the Resource

Ana Paula’s 2023 PFS measured and indicated resource contains an average of 5,350 ounces of gold per vertical metre between 725-950 metres of elevation (immediately below surface). The zone ranges between a maximum of 8,540 ounces per vertical metre at 775 metres of elevation and a minimum of 1,080 ounces per vertical metre at 925 metres of elevation. The ounce distribution in the open pit portion of the resource is constrained by the 2023 PFS open pit shell and in the underground portion by a 1.6 gram per tonne (g/t) gold cutoff resource shell."

[LongDonSilver]

"Multiple potential mining scenarios are in review for Ana Paula. The project re-scoping is assessing the most applicable mining scenario with a focus on increasing project economics (NPV and IRR) while reducing initial CAPEX when compared to the open pit mining scenario proposed in the 2023 PFS.

The Company contracted JDS Energy & Mining Inc., who completed the existing decline on the property, to evaluate the options. Currently, the engineers are assessing three scenarios with different cutoff grades and throughput rates for the Ana Paula deposit using the 2023 pre-feasibility study resource model. The Company will refine the options upon receipt of an updated resource model and metallurgical program results, both of which rely on drilling completed in 2023. Metallurgical results will be reported in October and an updated resource model is expected in November 2023."

[LongDonSilver]

"Heliostar Drills 31.8 g/t Gold over 9.5 Metres within 8.0 g/t Gold over 72.0 Metres in Up-Plunge Target at the Ana Paula Project.

Highlights:

Hole AP-23-300
- 72.0 metres @ 8.0 grams per tonne (g/t) gold including
- 9.5 metres @ 31.8 g/t gold

Hole AP-23-302
- 52 metres @ 5.0 g/t gold

Hole AP-23-299
- 11 metres @ 15.8 g/t gold

The up-plunge target is expected to connect into a single block of continuous high grade gold mineralization.

Hole AP-23-300 is 480% better than predicted in the current resource model at a >5g/t cutoff grade

Vancouver, Canada, August 9th 2023 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to report additional drill results from the Ana Paula project in Mexico (“Ana Paula” or the “Ana Paula Project”). These four holes continue to assess mineralization up-plunge of the High Grade Panel at the core of Ana Paula.

Heliostar CEO, Charles Funk, commented, “Drilling at Ana Paula continues to exceed our expectations and deliver impressive gold intercepts. The headline hole, AP-23-300, is a 480% increase to the current resource model prediction, at a >5 g/t gold cut-off grade. The most easterly of Heliostar’s holes, AP-23-302 was also particularly impactful with an intersection of 51 metres @ 5.0 g/t gold in an area where high gold grades were not modelled in the 2023 PFS resource. These results validate our belief that we can meaningfully increase the value of the Ana Paula project. The Company continues its well-funded expansion and infill drilling program of the High Grade Panel. Additional drill results will continue to be announced ahead of the planned resource update in November 2023.”


Drill Results
Results from this press release are from Heliostar’s up-plunge growth target at Ana Paula.

Hole AP-23-299 tested the up-dip and central portion of the High Grade Panel. This hole extended mineralization towards the surface and returned 38.0 metres grading 6.95 g/t gold, including 11.0 metres grading 15.8 g/t gold.

Hole AP-23-300 tested a gap in the high grade in the up-plunge area where hole AP-23-297 had intersected a sub-interval of 24 metres at 8.8 g/t gold. Hole AP-23-300 returned 38 metres grading 13.4 g/t gold including 9.5 metres grading 31.8 g/t gold to better define the northern extent of High Grade Panel in this area.

Hole AP-23-301 tested deeper beneath AP-23-300 in an area where the panel is narrower. It intersected 8.5 metres grading 3.0 g/t gold."

[LongDonSilver]

"Heliostar Drills 33m Grading 16.4 g/t Gold and 9.5m Grading 25.6 g/t gold, Expands High Grade Panel at Ana Paula.

Highlights:

Hole AP-23-303
- 98.0 metres @ 6.46 grams per tonne (g/t) gold including
- 33.0 metres @ 16.4 g/t gold

Hole AP-23-304
- 85.5 metres @ 4.73 g/t gold including
- 9.5 metres @ 25.6 g/t gold

These intercepts expand the High Grade Panel to 280m of total length from near surface

Respectively, gold grades in holes AP-23-303, AP-23-304 and AP-23-305 are 14%, 3% and 307% higher than that predicted in the current resource model (at a >5g/t cutoff grade)

Vancouver, Canada, September 6th, 2023 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to report additional drill results from the Ana Paula project in Mexico (“Ana Paula” or the “Ana Paula Project”). These three holes are the first to assess mineralization down-plunge of the High Grade Panel at the core of Ana Paula.

Heliostar CEO, Charles Funk, commented, “The Ana Paula project continues to deliver exceptional results. Drill results are exceeding expectations at every point. The widths of the intercepts, the consistency in the grades, and the improvements in drill intersections over the PFS resource continue to be impressive. As we better define the limits of the High Grade Panel, today from the down-plunge target area, we believe that there is a clearly significant potential for an increase in total ounces and grade in the upcoming resource update.”

Heliostar continues to deliver on its three-pronged approach to the re-scoping of Ana Paula in 2023:

The results announced to date will grow the size of the High Grade Panel in the resource update due in November.

The grade distribution shows the potential to mine higher gold grades in the early years, and throughout the mine life.

The metallurgical study results are anticipated to be received by the end of September.

The Company’s initial focus has been on the potential to improve the economics of mining the High Grade Panel. Now the Company plans to introduce new exploration targets within and around Ana Paula to start to unlock the full potential of the district."