Goldstorm defines drill targets at Crown property

Executive Summary

• Goldstorm Metals Corp. released updated results from its 2025 induced polarization (IP) and magnetotelluric (MT) geophysical surveys on its 100%-owned Crown property in the Golden Triangle, British Columbia.
• The surveys identified new high-priority drill targets, including a silica-rich resistive ridge and chargeability anomalies indicative of a classic porphyry architecture. The company plans Phase 1 drilling of 2,400–3,000 meters across at least six holes, with potential Phase 2 drilling of 5,000–6,000 meters contingent on Phase 1 results.
• Additionally, the company announced the acceleration of the expiry for outstanding common share purchase warrants due to the share price exceeding 20 cents for 10 consecutive trading days, setting a new expiry date of January 15, 2026.

Key Details

• Geophysical Survey Results:
  • Identification of multiple large-scale, high-chargeability and low-resistivity anomalies coincident with known copper, gold, and silver mineralization along the Orion Spine.
  • Delineation of a coincident chargeability-resistivity anomaly at the Copernicus zone (300–500 meters depth, extending 1.2 km N-S and >1 km E-W).
  • Mapping of subsurface MT resistivity variations to depths exceeding 2,500 meters.
  • Prioritization of seven conductive zones (four first priority, three second priority).
  • Identification of 26 chargeability anomalies (15 first priority, eight second priority, three third priority).
• New Discovery (Delta West):
  • Discovery of a new gold zone 10 km south of Brucejack Mines' Valley of the Kings deposit.
  • Consists of structurally controlled, subparallel, gold-bearing quartz-pyrite veins and stockwork systems trending east-northeast.
  • Area measures 500 m by 800 m; exploration will focus on expanding the zone eastward.
• Drilling Plans:
  • Phase 1: Minimum 2,400 to 3,000 meters of HQ and NQ core in at least six drill holes.
  • Phase 2 (Contingent): Additional 5,000 to 6,000 meters of drilling.
  • Drill plan to be released once targets are finalized and budget/logistics are confirmed for the 2026 exploration program.
• Geological Context:
  • Geophysical results suggest a large intrusive body at depth, potentially the source of surface mineralized veins.
  • Reinforces geological connection between Crown project, Treaty Creek (Tudor Gold), and KSM (Seabridge Gold) porphyry systems.
  • Combined systems form a 20-kilometer-long, north-trending mineral belt hosting resources of over 100 million ounces gold, 20 billion pounds of copper, and over 400 million ounces of silver.
• Warrant Acceleration:
  • Warrants originally issued June 27, 2025, are accelerating due to share price exceeding 20 cents for 10 consecutive trading days (Oct 10–24, 2025).
  • New expiry date: January 15, 2026, at 4:30 p.m. (Vancouver time).
  • Unexercised warrants will expire and be of no force and effect after this date.

Notable Quotes

• "This year's IP and MT programs have significantly improved our understanding of the structural framework at the Crown project -- a key factor in interpreting the overall mineral potential as currently defined by surface mineralization along the Orion Spine." — Ken Konkin, PGeo, President and CEO
• "The geophysical results suggest the presence of a large, intrusive body at depth, which may be the source of mineralized veins seen at surface. This reinforces both our current exploration model and the geological connection between the Crown project, Treaty Creek (Tudor Gold) and the KSM (Seabridge Gold) porphyry systems." — Ken Konkin, PGeo, President and CEO
• "The Orion Spine area is now drill ready and we will be assessing the best options for drilling the priority co-incident anomalies." — Ken Konkin, PGeo, President and CEO