Yes limit the area for casting.
Make vertical dividers out of carboard place on the sand once you had made the cast of the board. These dividers will partition the areas where you want to make the mold. In this instance just around the footstrap area for the heel extension.
Filling:
boardlady.com/materials.htm - Bottom of page
"To reinforce fractured EPS foam, I use a Marine Urethane foam by Evercoat. As opposed to the stuff from the hardware store that comes in a spray can, this foam does set up hard.For filling, when I really, truly do not want to have to deal with bubbles, I use an Epoxy filler by Interlux, "VC Watertite"
Using this mixture fill in the partition area for your heel extension. The fill will become the heel extension, once its harden. Sand/Glass and paint.