Lodestar Intersects Gold-Silver Mineralisation at All Four Targets in the Maiden Drill Program at Gold Run, Nevada, Including 71.6 m at 0.9 g/t AuEq at Crown North
Lodestar expands width at its C$2.6 million explorer project, adding mineralized intercepts without increasing grade.
Lodestar Metals Corp. (LSTR) has reported the final two reverse circulation drill holes from its maiden 18-hole, 2,820-meter program at the Gold Run property in Nevada. The two Crown North holes, totaling 312 meters, complete the assay results for the initial exploration phase.
True widths are estimated at 85–95% of the reported downhole lengths. The company frames Crown North as a potential northern extension of the historic Adelaide-Crown system and part of a 650-meter interpreted Robbers-Crown structural corridor, noting that the 400-meter interval between Crown North and Robbers Knob remains largely untested.
Key drill intercepts from the program include:
- Hole LSRC-17: 71.63 meters from 19.81 meters at 0.40 g/t Au, 35.2 g/t Ag, 0.94 g/t AuEq; including 10.67 meters from 19.81 meters at 1.20 g/t Au, 23.6 g/t Ag, 1.56 g/t AuEq; also including 38.10 meters from 53.34 meters at 0.23 g/t Au, 52.7 g/t Ag, 1.04 g/t AuEq.
- Hole LSRC-17: 1.52 meters from 108.20 meters at 0.80 g/t Au, 2.6 g/t Ag, 0.84 g/t AuEq.
- Hole LSRC-18: 80.77 meters from 42.67 meters at 0.26 g/t Au, 24.0 g/t Ag, 0.63 g/t AuEq; including 30.48 meters from 92.96 meters at 0.37 g/t Au, 46.0 g/t Ag, 1.08 g/t AuEq; and 16.76 meters within that interval at 0.59 g/t Au, 58.0 g/t Ag, 1.48 g/t AuEq.
Gold equivalent (AuEq) grades utilize gold at US$4,300/oz and silver at US$66.00/oz, with 100% recovery assumed for both metals.
Lodestar Metals Corp. (LSTR) is a pre-resource explorer with no revenue, no resource estimate and no metallurgy. The maiden program has now confirmed gold and/or silver mineralization at all four tested prospects.
Crown North adds a broad, shallow, low-grade oxide Au-Ag zone and supports the idea of a larger district-scale system, but it does not add high-grade tonnes or demonstrate continuity over the claimed 650 m corridor. The most important missing evidence is grade continuity: two close-spaced holes at 0.6–0.9 g/t AuEq do not establish a large economic volume, and the 400 m gap to Robbers Knob is untested.
The equity is very small — about C$2.58 million at C$0.05 and 51.52 million shares — so any genuinely positive exploration result could matter. But the price is at its 52-week low, the stock has not re-rated on the prior Robbers Knob, Gomes or Black Diamond assays, and this release is the final, low-grade completion news rather than a new high-grade catalyst.
Expected share-price impact: muted/neutral. The next real drivers are financing, the 2027 drill program and eventually a resource/economic study, not these two Crown North holes alone.
Lodestar Metals Corp. (TSXV: LSTR; OTCQB: SVTNF; FSE: PR90) is a junior explorer focused on the Gold Run gold-silver project in Humboldt County, Nevada. The project comprises approximately 75 unpatented claims covering roughly 516 hectares, with exploration targets including Robbers Knob, Gomes, Black Diamond, Crown North, Independence Trend, and Grindstone Flats. Gold Run is situated in a mature Nevada gold district with existing infrastructure and is adjacent to Nevada Gold Mines’ Adelaide-Crown property.
The company does not currently have a NI 43-101 mineral resource. A 1991 non-compliant historical estimate cited 50,000–100,000 oz Au at 0.037–0.067 oz/t Au, though this data is explicitly unverified and not treated as current.
Lodestar Metals has 51.52 million shares outstanding, 18.34 million warrants at a weighted-average exercise price of C$0.20, and 5.15 million options, resulting in a fully diluted share count of approximately 75.01 million. For the second quarter of 2026, the company reported a net loss of $891,027, cash holdings of $1.396 million, and working capital of approximately $1.402 million. The company carries no debt, though a going-concern flag remains dependent on future equity financing. A private placement in February 2026 was priced at C$0.20 per unit, a level significantly above the current share price of C$0.05.