Heliostar Metals Ltd. reported 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 currently program will evaluate Ana Paula's ability to host a high-margin, underground gold mine. 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. These results show a long interval of gold mineralization, 241.95 metres grading 9.06 g/t from 43.05 metres downhole, that contains two significant internal zones. An internal zone of 31.5 metres grading 21.5 g/t zone and a lower zone hosts 35.2 metres grading 23.6 g/t including 9.9 metres grading 42.4 g/t gold. The new data extends the consistent high-grade mineralization in the panel into the up-plunge Growth target. The 'gap' of low grade in the up-plunge target in the up-plun geotechnical target. The 'gap'of low grade in the up- plunge target in the up - was infilled with an interval returning 24 metres at 8.76 g/t gold.ole AP-23-297 drilled through the lower margin of the High Grade Panel and was terminated in low grade mineralization. Hole AP-23-298 was a second drill hole targeting the up-plunge grow target from the same platform as hole AP-23-297. It expanded the volume of high-grade gold mineralization above and below the currently defined resource. Hole AP-23- 298 returned 104.1m grading 6.1g/t gold including 19.5m grading 15.1 g/t gold. The potential impact of the drill results on future resource models can be demonstrated by comparing the
current results to the existing model (as reported in the 2023 prefeasibility study1). Drilling that outperforms (i.e., is higher grade or wider than) the model may be expected to improve the grade and size of future resource and reserve estimates. Using a 5 g/t cut-off grade provides a useful benchmark to the most financially impactful ounces in an underground mining scenario. At a 5 g/t cutoff, hole AP-23-297 has a 33% increase when compared to an expected intercept calculated from the existing resource model. Using the same criteria, AP-23-298 has a 38% increase compared to the expected intercept from the resource model. The Company is on schedule and on budget with the drilling program. To-date, the Company has completed sixteen holes at Ana Paula. The Company has reported results from eight holes so far. Holes AP-23-299, AP-23-300 and AP-23-301 continue to assess the up-plunge growth target. Sulfide mineralization occurs throughout each hole, particularly AP-23-300. Holes AP-23-302 and AP-23-303 are the Company's first holes targeting high-grade mineralization further west into the down-plunge target.
The holes intersected sulfide mineralization throughout, particularly AP-23-303. The Company will commence two infill holes in the vicinity of hole AP-23-291. The result will be a cross-section of tightly spaced intercepts. This data will support resource modelling and provide metallurgical material for analysis. Core samples were shipped to ALS Limited in Santiago Queretaro, Queretaro for sample preparation and for analysis at the ALS Laboratories in North Vancouver. The North Vancouver ALS facility is ISO/IEC 17025 certified. Gold was assayed by 30-gram fire assay with atomic absorption spectroscopy finish and overlimits were analysed by 50g fire assay with gravimetric finish.
Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance /quality control protocol.