Heliostar Metals Files Mineral Resource Update Technical Report for the Ana Paula Project
1090 West Georgia Street, Suite 700, Vancouver BC, V6E 3V7, Canada -- Tel +1 236 429 9306
TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1
Heliostar Metals Files Mineral Resource Update
Technical Report for the Ana Paula Project
Vancouver, Canada, January 12th, 2024 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1)
(“Heliostar” or the “Company”) is pleased to announce it filed its updated mineral resource estimate (the
“Updated Mineral Resource Estimate”) for the Ana Paula Project (the “Ana Paula Project”) located in
Guerrero, Mexico. The Updated Mineral Resource Estimate was completed by Rita Teal and Lewis Teal,
Qualified Persons with Teal CPG Inc.
The technical report titled “Ana Paula Project NI 43 -101 Technical Report Mineral Resource Estimate
Update” (the “Report”) is dated January 11, 2024 , has an effective date of November 27, 2023 and
supports the disclosure made by Heliostar in its November 27, 2023 press release titled “Heliostar Metals
Announces Updated Mineral Resource Estimate for the Ana Paula Project, Mexico”. There are no material
differences in the Report from the results disclosed in Company's November 27, 2023 press release. The
Report can be found under the Company’s profile on SEDAR+ ( www.sedarplus.ca) and on Heliostar’s
website (www.heliostarmetals.com).
Statement of Qualified Person
The Updated Mineral Resource Estimate was completed by Lewis Teal and Rita Teal of Teal CPG Inc. Ms.
Teal and Mr. Teal are each independent Qualified Person s as defined by National Instrument 43 -101 –
Standards of Disclosure for Mineral Projects . Rita Teal and Lewis Teal, QP s with Teal CPG, Inc. have
reviewed and approved the technical contents of this news release.
About Heliostar Metals Ltd.
Heliostar is a junior mining company with a portfolio of high-grade gold projects in Mexico and Alaska.
The Company is developing the 100% owned Ana Paula Project in Guerrero, Mexico. In addition, Heliostar
in conjunction with the Mexican federal and local government, is working to permit the San Antonio Gold
Project in Baja Sur, Mexico. The Company continues to explore the Unga Gold Project in Alaska, United
States of America.
Ana Paula hosts measured and indicated resources of 710,920 ounces of gold (320,204 measured and
390,716 indicated ounces) at 6.60 g/t gold and an inferred resource of 447,512 ounces of gold at 4.24 g/t
gold. The asset is permitted for open-pit mining and contains significant existing infrastructure including
a portal and a 412-metre-long decline.
For additional information please contact:
Charles Funk
Chief Executive Officer
Heliostar Metals Limited
Email: [email protected]
TSX.V: HSTR
OTCQX: HSTXF
1090 West Georgia Street, Suite 700, Vancouver BC, V6E 3V7, Canada -- Tel +1 236 429 9306
TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains statements which constitute “forward‐looking information” within the meaning
of applicable securities laws. Forward‐looking information is often identified by the words “may,” “would,”
“could,” “should,” “will,” “intend,” “plan, ” “anticipate,” “believe,” “estimate,” “expect” or similar
expressions. Readers are cautioned that forward‐looking information is not based on historical facts but
instead reflects the Company’s management’s expectations, estimates or projections concerning the
business of the Company’s future results or events based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are made. Forward‐ looking information
in this press release includes statements regardi ng exploration and development plans and other future
plans and objectives. Although the Company believes that the expectations reflected in such forward‐
looking information are reasonable, such information involves risks and uncertainties, and undue reliance
should not be placed on such information, as unknown or unpredictable factors could have material
adverse effects on future results, performance or achievements. Among the key factors that could cause
actual results to differ materially from those proj ected in the forward‐looking information are the
following: changes in general economic, business and political conditions, including changes in the
financial markets; decreases in the prevailing prices for products in the markets that the Company operates
in; adverse changes in applicable laws or adverse changes in the application or enforcement of current
laws; regulations and enforcement priorities of governmental authorities; compliance with government
regulation and related costs; and other risks described in the Prospectus. Should one or more of these risks
or uncertainties materialize, or should assumptions underlying the forward‐looking information prove
incorrect, actual results may vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Although the Company has attempted to identify important
risks, uncertainties and factors which could cause actual results to differ materially, there may be others
that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does
not assume any obligation, to update this forward‐looking information except as otherwise required by
applicable law.