Glenstar Minerals Submits Permit Application for Extensive Drill Program at Wildhorse Project in Nevada

Executive Summary

• Glenstar Minerals submitted an application to the BLM for a 13‑hole reverse‑circulation drill program at its Wildhorse Project, Nevada (6 holes in the Coca Cola Zone, 7 holes in the Rattlesnake Zone).
• Recent trenching and rock sampling at the Coca Cola Zone identified copper grades up to 5.3 %, silver averaging 21.6 ppm, and anomalous bismuth (156 ppm) and tungsten (72.5 ppm), supporting a multi‑metal skarn system.
• The Rattlesnake Zone drill plan targets north‑south striking, shallowly east‑dipping mineralization previously observed at historic surface workings.

Key Details

• Application: Submitted to the Bureau of Land Management for permission to conduct reverse‑circulation drilling.
• Drill Program Scope: 13 holes total – 6 in Coca Cola Zone (up to 500 ft deep, various angles) and 7 in Rattlesnake Zone (300–500 ft deep, vertical).
• Coca Cola Zone Highlights:
• Prior sampling returned Cu: 1.6 %, 5.3 %, 2.3 %, 5.1 %; Ag average 21.6 ppm.
• Anomalous Bismuth avg. 156 ppm; Tungsten avg. 72.5 ppm.
• Geology: Complex narrow porphyritic dikes with feldspar phenocrysts in a black fine‑grained matrix; skarnified envelope with high‑grade Cu/Ag and base‑metal zoning.
• Rattlesnake Zone Highlights:
• Located ~1,600 ft NE of Coca Cola Zone.
• Targets historic shallowly dipping mineralized zone exposed at surface; drill holes will be vertical.
• Project Scale: Wildhorse Property comprises 89 claims covering 1,780 acres (720 ha) in Mineral County, Nevada. Historical workings date to late 1800s–early 1900s.
• Exploration Context: Prior trenching defined a meter‑scale quartz veining zone with copper oxide/sulfide mineralization; broader alteration width and east‑west trending mineralization now identified.
• Strategic Goal: Test the extent of skarn and underlying porphyry systems across ~1 km strike length between the two zones, delineate mineralization magnitude, and evaluate potential for a multi‑metal deposit (Cu, Ag, Au, Zn, Pb, Bismuth, Tungsten, Tellurium).
• Qualified Person: Robert Marvin, P.Geo (ONT), NI 43‑101 qualified person, supervised all fieldwork and technical information.

Notable Quotes

“The company is very enthusiastic to initiate drilling at both of these zones following the recent trenching that defined mineralization trends and exposed wider alteration than initially anticipated.” – David Ryan, President & CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.