Spartan Metals Discovers Two New Tungsten-Silver Veins at Tungstonia

Executive Summary

• Spartan Metals Corp. announced the discovery of two new tungsten-silver veins (Spartan A and Spartan B) at its 100% owned Eagle Project in Nevada, expanding the known mineralized footprint approximately 1 km from the historic Vein 1.
• Backpack core drilling confirmed quartz-huebnerite mineralization with grades consistent with historic mine production, bringing the total number of confirmed tungsten-silver veins to seven.
• The company outlined its 2026 exploration roadmap, including ongoing surface sampling, mid-June ground geophysics, and approximately 3,000 meters of diamond core drilling scheduled for August.

Key Details

• Drill Assay Results (Backpack Core):
• Hole STS-26-004 (Spartan A): 1.3m @ 0.26% WO3, 9.51 g/t Ag; 0.2m @ 0.23% WO3, 55.96 g/t Ag.
• Hole STS-26-005 (Spartan B): 0.8m @ 0.57% WO3, 9.16 g/t Ag.
• Geological Context: New veins are located ~1 km west of historic Vein 1. Mineralization is identical to Veins 1-5 at the past-producing Tungstonia Mine. True thicknesses/widths remain unknown pending further orientation definition.
• Historical Production Comparison: Assay results align with historic grades from the Tungstonia Mine (0.6-0.9% WO3) and Yellow Jacket Mine (1.12% WO3).
• Drilling Methodology: Utilized a portable 36.4mm diameter backpack diamond core drill for rapid evaluation. Holes were collared in greisen altered granite.
• 2026 Exploration Program & Next Steps:
• Continued surface sampling (soils/rocks) and backpack drilling over claims acquired in November 2025 to extend W-Ag-Rb soil anomalies.
• Mid-June 2026: Ground geophysics surveys to map depths of existing 2+ km veins and potential tungsten skarn mineralization.
• Early to mid-August 2026: ~3,000m of diamond core drilling at high-priority targets identified via surface sampling and geophysics.
• QA/QC Protocols: Samples submitted to American Assay Lab (AAL) in Sparks, NV. Analyzed via method IM-4AB52 (52-element suite). Includes internal CRM standards, duplicates, and blanks. Reviewed by Qualified Person Brett R. Marsh, CPG.
• Commercial Engagement: Engaged Global One Media Group for investor marketing and digital communications at $7,500/month. Initial 3-month retainer of $22,500 paid in advance, with a 6-month term subject to TSX-V approval. Commences July 1, 2026.
• Project Overview: Eagle Project spans ~36.5 km² (9,033 acres) in White Pine County, Nevada. Past production occurred from 1915-1942 (intermittent to 1956), totaling 8,379 units at 0.6-0.9% WO3. Deposit types include Porphyry, Skarn, and Carbonate Replacement (CRD) hosting W, Ag, Rb, and base/precious metals.

Notable Quotes

• Brett Marsh, President & CEO: “The discovery of additional vein systems at the Tungstonia Claims represents an encouraging development for our exploration team and continues to reinforce our belief that Eagle Project could potentially host a larger mineralizing system.”
• Brett Marsh, President & CEO: “What is particularly exciting is that these newly identified tungsten-silver veins demonstrate that the mineralization extends beyond the areas historically recognized on the property... we believe it has the potential to add significant value to the project at current prices.”