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Heliostar Metals ( (TSE:HSTR) ) has issued an announcement.
Heliostar Metals reported strong new drilling results from the Ana Paula project, including a 25.45 metre interval grading 8.26 grams per tonne gold in its first down-dip test of the Expansion Zone beneath the High Grade Panel. Additional high-grade intercepts near surface and at depth will be incorporated into a forthcoming resource update for the feasibility study, with mineralization remaining open to the north, northwest and at depth.
The company has now completed 72 holes totaling 23,979 metres in the current program, with 34 holes still awaiting assays as drilling continues across the High Grade Panel, its margins and the deeper Expansion Zone. Data from the campaign, including rock strength, hydrogeologic and metallurgical samples, is intended to refine Ana Paula’s mine design and could expand the planned mining inventory if step-out drilling continues to confirm extensions of high-grade gold mineralization.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Spark’s Take on TSE:HSTR Stock
According to Spark, TipRanks’ AI Analyst, TSE:HSTR is a Outperform.
The score is driven primarily by the improved financial profile (profitability step-change and low leverage), supported by constructive technical momentum. Positive project and operational catalysts add support, while below-ideal cash conversion and the sustainability of the recent earnings jump keep the score from rating higher.
To see Spark’s full report on TSE:HSTR stock, click here.
More about Heliostar Metals
Heliostar Metals Ltd. is a Canadian mineral exploration and development company focused on advancing its 100%-owned Ana Paula gold project in Guerrero, Mexico. The company is working to upgrade existing resources, refine mine design, and support a feasibility study as it targets higher-confidence gold reserves in a geologically prospective district.
Average Trading Volume: 696,515
Technical Sentiment Signal: Buy
Current Market Cap: C$672.2M
See more insights into HSTR stock on TipRanks’ Stock Analysis page.