Glenstar receives BLM OK for Wildhorse drill program

Executive Summary

• Glenstar Minerals Inc. has received Bureau of Land Management (BLM) approval to conduct a 13-hole reverse circulation (RC) drill program at its Wildhorse Tungsten-Copper-Polymetallic Project in Mineral County, Nevada.
• The program will target two distinct zones: the "Coca Cola" zone (6 holes) and the "Rattlesnake" zone (7 holes), with drilling designed to test the extent of polymetallic mineralization and define the potential skarn and porphyry systems.
• Midnight Sun Drilling Inc. has been contracted to execute the program, which also includes the construction of 2,200 feet of additional access roads to drill sites.

Key Details

• Drill Program Scope: 13-hole reverse circulation (RC) drill program approved by the BLM.
• Contractor: Midnight Sun Drilling Inc. (MSD), a company with over 50 years of experience and prior successful collaboration with Glenstar on the Green Monster project.
• Infrastructure: Approval includes construction of 2,200 feet of additional access roads to complement existing land access.
• Coca Cola Zone Plan:
  • Six drill holes planned.
  • Holes will follow a newly identified east-west mineralized trend (intersecting the previously assumed north-south trend).
  • Drill depth: Up to 500 feet at various angles.
  • Coverage: Approximately 500 feet from the east sampling zone to the west trench area.
  • Historical Surface Sampling Context: Select assays returned copper values of 1.6%, 5.3%, 2.3%, and 5.1%; average silver of 21.6 ppm; average bismuth of 156 ppm; and average tungsten of 72.5 ppm.
  • Geology: Complex array of narrow porphyritic dikes with feldspar phenocrysts; trenching confirmed a metre-scale zone of quartz veining, copper oxide/sulphide mineralization, and wider alteration than anticipated.
• Rattlesnake Zone Plan:
  • Seven drill holes planned, located ~1,600 feet northeast of the Coca Cola zone.
  • Drill depth: 300 to 500 feet.
  • Orientation: Vertical holes following the north-south mineralization direction.
• Property Scale & Zoning:
  • Data suggests a property-scale system with gold, silver, tungsten, bismuth, tellurium, and base metals.
  • Central mineralization is surrounded by strong zinc and lead mineralization in distal areas.
  • Potential strike length between Rattlesnake and Coca Cola zones exceeds one kilometre.
  • Drill plan aims to delineate the magnitude of the potential skarn system and underlying porphyry system.
• Recent Exploration Context:
  • Trenching in late February at the Coca Cola zone defined bedrock orientation and exposed significant mineralization trends.
  • Assay results from ALS Chemex for the recent trenching program are pending.
  • Property comprises 89 mineral claims (1,780 acres) with historical workings dating to the late 1800s/early 1900s.
  • Initial field work identified quartz veinlets with >1 g/t gold, 1% copper, and 6,100 ppm antimony.

Notable Quotes

• Bob Marvin, Project Geologist: "We are quite pleased with the quick turnaround from the BLM in approving the drill program and new road access construction. The addition of Midnight Sun Drilling to the project is fantastic as we have worked very successfully with them at the Green Monster project. Personally, I am quite excited to kick off this next stage of exploration drilling to see how significant the extent of polymetallic mineralization and tungsten in particular, at Wildhorse truly is."