Drill Results
Lodestar Metals Provides Corporate Update
Lodestar completes maiden gold drilling at its project, with assay results pending and an OTCQB listing in view.
Executive Summary
- Lodestar Metals Corp. completed its maiden reverse-circulation drill program at the Gold Run Project in Nevada, consisting of 18 holes totaling 2,820 metres.
- Assay results are currently under analysis and will be released once processed and reviewed.
- Common shares have been approved for trading on the OTCQB Market, effective June 8, 2026, to broaden U.S. investor access.
- Director Randene Seeman is stepping down from the board of directors.
- Technical information was reviewed and approved by Qualified Person Leo Horn, NI 43-101.
Material Impact
- The drilling completion aligns with the previously announced April/May 2026 timeline, representing expected operational progress rather than a surprise.
- The OTCQB listing is a known capital markets initiative aimed at improving liquidity and U.S. investor access; it is incremental and does not immediately alter the company's exploration trajectory.
- No assay results are included, meaning there is no immediate geological catalyst to drive valuation.
- The director departure is a standard corporate governance update with no immediate financial or operational impact disclosed.
- Overall, the news is a routine follow-up to the April drilling commencement and February financing, confirming execution without altering the fundamental risk/reward profile.
LSTR · Price
Company Overview
- Lodestar Metals Corp. is a junior exploration company focused on precious metals in Tier 1 jurisdictions.
- Flagship Asset: Gold Run Project, Humboldt County, Nevada. The property sits on the Getchell and Battle Mountain-Eureka trends, known for Carlin-style gold and epithermal silver systems.
- Project Stage: Exploration. No NI 43-101 compliant resource exists.
- Historical Data: 131 drill holes totaling 17,823 metres. Notable historical intercepts include 27.4m @ 9.7 g/t Au at Crown North and 10.7m @ 55 g/t Ag at Independence Trend.
- Recent Exploration: Completed soil geochemistry (395 samples), UAV magnetic surveys, and property-wide DDIP geophysics. Maiden RC drilling targeted four high-priority prospects based on these datasets.
- Secondary Asset: Peny Property in Manitoba, Canada, focused on lithium pegmatites (early exploration stage).
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Nov 04, 2026 · 06:46