Goldstorm Metals Provides High-Grade Gold-Silver-Copper Results from Surface Sampling on the Crown Property, and Drilling Results from the Electrum Property, located in the Golden Triangle of British Columbia.

The most recent news, dated November 25, 2025, provides exploration results from Goldstorm's 2025 program at its Crown and Electrum properties in British Columbia's Golden Triangle.

• Crown Property: The company reports high-grade gold, silver, and copper results from a surface sampling program. Of 657 samples collected, notable results include grab samples with grades up to 103 g/t gold and 1,423 g/t silver. This work was designed to follow up on geophysical surveys and identify targets for future drilling.
• Electrum Property: The release details assay results from a completed 6-hole, 1,172-metre diamond drill program. The program targeted the East Gold Zone. Key intercepts include:
  • 7.6 metres of 2.16 g/t Au (EL-25-19)
  • 6.75 metres of 2.10 g/t Au (EL-25-22)
  • 16.65 metres of 0.86 g/t Au (EL-25-18)
  • A broad, low-grade interval of 54.5 metres of 0.33 g/t Au (EL-25-23)

This news is a mixed bag, but the negative aspects outweigh the positive, leading to a negative material impact.

• Electrum Drilling Miss: The primary value driver for a junior explorer is successful drilling. The company's September 25 news release highlighted its plan to "follow up on previous near-surface high-grade gold and silver drill intercepts," referencing historical hits like 440.8 g/t gold. An October 1 CEO interview mentioned targeting "bonanza-grade hits." The results released today, with the best intercept being 7.6 metres of 2.16 g/t gold, are a significant miss compared to these expectations. The grades are low-to-moderate and do not suggest the presence of the high-grade system the company was targeting. This is a material disappointment and a setback for the Electrum project.
• Crown Surface Results: The high-grade surface grab samples at Crown are encouraging. They confirm the presence of high-grade mineralization on the property and validate the targeting work from the summer's geophysical surveys. However, grab samples are selective by nature and often not representative of the overall grade of a deposit. They are an early-stage step, and their value is contingent on successful follow-up drilling, which the company currently lacks the funds for.
• Precarious Financial Position: The positive Crown news is heavily overshadowed by the company's financial state. The interim financial statements from November 19 (for the period ending September 30, 2025) reported cash of only C$800,121. The company burned approximately C$1.27 million in that quarter alone. Extrapolating this burn rate, the company's treasury is likely near empty as of this news release. Therefore, an imminent and highly dilutive financing is almost certain. The weak Electrum drill results provide a poor backdrop for raising capital, suggesting any new financing will be on unfavorable terms for existing shareholders.
• Context of Insider Selling: In August 2025, a significant shareholder, Tudor Holdings Ltd., sold over 2 million shares. While they remain a large holder, this insider disposition ahead of these results is a negative signal.

In conclusion, the failure of the key drill program to deliver a discovery, coupled with a critical need for capital, makes this a negative development. The promising but very early-stage surface results at Crown are not enough to offset the more immediate and material issues.

Goldstorm Metals is a Canadian-based mineral exploration company focused on its 100%-owned, 16,468-hectare tenure in the Golden Triangle of British Columbia. Its properties were spun out from Tudor Gold Corp. in 2022. The properties are located directly south of Seabridge Gold's KSM Project and Newmont's Brucejack Mine. The company has two primary projects: - Crown Property: A large, early-stage project with multiple target zones, including the Copernicus zone and the 6km long Orion Spine. It is prospective for large-scale gold-copper porphyry deposits and high-grade vein systems. The 2025 program focused on geophysics and surface sampling to generate drill targets. - Electrum Property: A more advanced exploration target with historical high-grade gold and silver production and drilling. The 2025 program involved a 1,172-metre drill program intended to expand the known high-grade mineralization.