Goldstorm plans 2026 drilling at Crown project

Executive Summary

• Goldstorm Metals Corp. outlined its 2026 exploration strategy for its 100%-owned Crown property in the Golden Triangle of British Columbia, prioritizing a Phase 1 diamond drill program of approximately 3,000 meters targeting the Copernicus gold and copper geochemical trend.
• The company successfully completed an accelerated warrant exercise program, issuing 12,720,740 common shares and generating $1,272,074 in aggregate gross proceeds, which aligns with the funding needs for the 2026 exploration campaign.
• Exploration efforts will also focus on expanding the Delta West discovery and the Electrum-Fairweather-Delta (EFD) trend, where historical sampling has yielded ultra-high-grade silver values (exceeding 10 kg/t) and recent drilling encountered silver grades approaching 1 kg/t.

Key Details

• 2026 Crown Property Drill Program:
  • Phase 1: Initiate a drill program of approximately 3,000 meters targeting the Copernicus gold and copper geochemical trend overlying a 1.2-kilometer-long IP chargeability anomaly.
  • Phase 2: Pursue a drill program of approximately 6,000 meters contingent on Phase 1 results from the Orion Spine and Copernicus targets.
  • Technical Basis: Geophysical results (IP and MT) suggest a large intrusive body at depth, potentially the source of mineralized veins at the Copernicus area.
  • Plan: Phase 1 will consist of six drill holes with an average length of 500 meters. A final drill hole plan with sections will be released once targets are finalized and logistics confirmed.
• Delta West Discovery:
  • New discovery comprising multiple high-grade, gold-bearing, shear-hosted, parallel structures.
  • Recent returns include gold values exceeding 39 g/t.
  • Located on trend directly south of the Brucejack Valley of the Kings deposit.
• Electrum-Fairweather-Delta (EFD) Trend:
  • Historical prospecting and sampling have produced high-grade gold and ultrahigh-grade silver values.
  • Historical surface sampling yielded ultra-high-grade multikilogram per tonne silver values, some exceeding 10 kg/t.
  • Core samples from the 2025 Electrum drill program encountered silver grades approaching 1 kg/t.
  • Exploration focus includes prospecting, mapping, and sampling across Electrum, Fairweather, and Delta claims.
• Warrant Exercise Program:
  • Completion: 100% of outstanding common share purchase warrants were exercised.
  • Shares Issued: 12,720,740 common shares.
  • Gross Proceeds: $1,272,074.
  • Context: The program was accelerated via a press release dated Dec. 15, 2025, with an expiry date of Jan. 15, 2026. Proceeds align with the 2026 Crown property advancement strategy.
• Geological Context:
  • Crown property is located in the Golden Triangle of British Columbia, south of Seabridge Gold's KSM deposits and Newmont's Brucejack/Valley of the Kings mine.
  • Two primary trends of interest: the Treaty-KSM Au-Cu-Ag porphyry trend bisecting the center of Crown claims, and a high-grade gold-silver trend to the east.

Notable Quotes

• "We are very excited to continue with our strategies for advancing the Crown and Electrum projects, which we believe have the potential to be transformative for both the company and our shareholders. Crown's strategic location within one of the most exciting and underexplored mineral trends in recent years, combined with encouraging results from our exploration programs, provide a very optimistic outlook for the company." — Ken Konkin, PGeo, President and CEO