Glenstar applies for drilling program at Wildhorse

Executive Summary

• Glenstar Minerals Inc. has submitted a permit application to the Bureau of Land Management for a 13-hole reverse circulation (RC) drill program at its Wildhorse project in Mineral County, Nevada.
• The program targets two distinct zones: the "Coca Cola" zone (6 holes) and the "Rattlesnake" zone (7 holes), designed to test the extent of polymetallic mineralization following recent trenching and sampling that defined bedrock orientation and alteration trends.
• The drilling aims to delineate the magnitude of a potential skarn system and underlying porphyry system, with data suggesting a mineralized system center between the two zones extending over one kilometer of strike length.

Key Details

• Drill Program Scope: 13-hole reverse circulation (RC) drill program.
• Coca Cola Zone (6 Holes):
  • Targets a meter-scale zone of quartz veining and copper oxide/sulphide mineralization.
  • Follows a newly identified east-west trending mineralization line (previously thought to be north-south).
  • Holes will follow the trend for approximately 500 feet from the east sampling zone to the west trench area.
  • Depth: Up to 500 feet per hole at various angles.
  • Previous sampling results in this area included:
    • Copper: 1.6%, 5.3%, 2.3%, and 5.1%.
    • Silver: Average 21.6 ppm.
    • Bismuth: Average 156 ppm (across four samples).
    • Tungsten: Average 72.5 ppm (across four samples).
  • Geology includes complex porphyritic dikes with feldspar phenocrysts in a black, fine-grained matrix.
• Rattlesnake Zone (7 Holes):
  • Located approximately 1,600 feet northeast of the Coca Cola zone.
  • Targets north-south-striking, shallowly east-dipping mineralization encountered at historic workings.
  • Depth: 300 to 500 feet per hole.
  • Holes will be vertical.
• Project Geology & Zoning:
  • Central property contains complex porphyritic intrusions within a strong skarnified envelope.
  • High-grade copper and silver, along with anomalous bismuth, antimony, and tungsten, are found in the central portion.
  • Distal areas show strong zinc and lead mineralization.
  • Data suggests the center of the mineralized system lies between the Rattlesnake and Coca Cola zones, potentially extending under cover east and west.
  • Estimated strike length between zones exceeds one kilometer.
• Property Background:
  • Wildhorse property consists of 89 mineral claims (1,780 acres / 720 hectares) in Mineral County, Nevada.
  • Historical workings date from the late 1800s and early 1900s.
  • Initial field examination identified quartz veinlets containing >1 g/t gold, 1% copper, and 6,100 ppm antimony.
  • Outcropping zones contain bismuth and tungsten, indicating a focused intrusive source for epidote skarn alteration and a polymetallic system.

Notable Quotes

• "The company is very enthusiastic to initiate drilling at both of these zones at Wildhorse following the recent trenching that occurred at the Coca Cola zone that resulted in defining the bedrock orientation of a metre-scale zone of quartz veining and copper oxide and sulphide mineralization."
• "Trenching also exposed a wider width of alteration than initially anticipated, and the trend of mineralization that continued eastward is seen as oxide minerals on fracture trending due east and uphill from the trenched area."
• "Data compiled thus far suggest that there could be in excess of one kilometre of strike length between these two zones and the drill plan is designed to test the degree and extent of similar mineralization at each zone and delineate the magnitude of the potential skarn system and the expected underlying porphyry system."