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Glenstar Project and Corporate Update
Newsfileยท 2025-09-11 12:29
Corporate Events - In February 2025, the company was granted a permit for a drill program on the Green Monster property in Clark County, Nevada [6] - In April 2025, the company contracted Midnight Sun Drilling Inc. to conduct the drill program at Green Monster [6] - In May 2025, drilling began with an initial plan of five holes [6] - In July 2025, assay results revealed a new zone of polymetallic mineralization with high-grade zinc over 30% and significant silver, nickel, cobalt, and copper values [6] - In August 2025, the company shifted its exploration focus to the new mineralization zone for Phase 2 [6] Wildhorse Project - The Wildhorse Property consists of 61 mineral claims covering 1,220 acres (494 hectares) in Mineral County, Nevada [9] - In May 2025, the company staked 45 mineral claims representing 900 acres (364 hectares) in Mineral County [6] - In September 2025, assay results from Phase 1 exploration returned 11.2 g/t gold and 11.35 g/t silver, along with strong tungsten-bismuth anomalies [6] Current & Next Steps - The company is awaiting assays for platinum, palladium, and rare earth elements from Green Monster [13] - Drill selection and permitting for Phase 2 at Green Monster is underway, targeting up to eight holes totaling 2,000 feet [13] - Staking of 30 additional claims at Wildhorse is in progress [13] - A consultant has been retained to produce geological maps for the Wildhorse Project [13] - An application for a permit to conduct trenching at the Coca Cola Zone at Wildhorse has been submitted [13] Company Overview - Glenstar Minerals Inc. focuses on polymetallic minerals essential for electronics and energy technologies [10] - The company trades on multiple exchanges: CSE under "GSTR", Frankfurt Stock Exchange under "VO20", and OTCQB in the USA under "GSTRF" [10]