Heliostar drills 99.8 metres grading 10.9 g/t gold at Ana Paula expansion zone
Heliostar Metals reports high-grade drill results at its Ana Paula project in Mexico, including 99.8 metres grading 10.9 g/t gold from the expansion zone, with the feasibility study on track for Q2 2027.
Heliostar Metals has reported new high-grade drill results from its wholly owned Ana Paula project in Guerrero, Mexico, including 99.8 metres grading 10.9 g/t gold from the expansion zone.
The latest assays come from both the infill drill program on the High Grade Panel and step-out drilling at the expansion zone. Key intercepts include 49.6 metres grading 2.88 g/t gold from 539.4 metres depth, which includes 9.05 metres grading 9.49 g/t gold, and 21.6 metres grading 10.38 g/t gold from 127.0 metres, including 6.9 metres grading 26.18 g/t gold. The expansion zone remains open to the north, southwest and at depth, with drilling ongoing. The company is on track to deliver a feasibility study by Q2 2027, with a progress update planned for Q3 2026.
For gold and precious metals traders, these results underscore the potential for new supply from development-stage projects at a time when global mine supply is under pressure from declining ore grades and rising costs. While Ana Paula is not yet in production, high-grade intercepts like these can influence market sentiment toward gold equities and, by extension, the broader precious metals complex. Investors tracking gold price action can check NowPrice's gold page for real-time pricing context as the project advances toward feasibility.
Looking ahead, the market will focus on the Q3 2026 progress update and the eventual feasibility study in Q2 2027. Continued drilling success could further de-risk the project and enhance its economic profile. Traders should also monitor broader gold market drivers, including central bank buying trends and real yield movements, which will shape the environment for new mine development.