Glenstar completes phase 2 drilling at Green Monster

Executive Summary

• Glenstar Minerals Inc. has completed Phase 2 of its drill program at the Green Monster project in Nevada, consisting of six holes totaling 3,320 feet.
• Preliminary visual evaluation by project geologist Bob Marvin indicates that three of the six holes contained highly fractured rock with abundant clay alteration and oxide minerals, while a fourth hole showed good potential; two holes were deemed unremarkable.
• The company references prior Phase 1 results from May 2025 which identified a new mineralized zone approximately 10 meters wide, featuring high-grade zinc (>30%), silver (up to 177 ppm), nickel (up to 523 ppm), and cobalt.

Key Details

• Drilling Program Scope: Phase 2 consisted of six holes drilled to depths ranging from 500 feet to 585 feet at angles from vertical to 65 degrees using a track-mounted reverse circulation drill.
• Hole Locations and Results:
  • Three holes were collared at the site of the Phase 1 blind discovery hole. Two of these are considered significant due to fracturing and alteration; the third was less altered but still of interest.
  • One hole was collared approximately 90 meters southwest of the discovery hole, showing substantial fracturing, clay alteration, and bright orange/red oxide minerals; this is considered of significant interest.
  • Two holes drilled at the initial area of interest were visually unremarkable.
• Sample Processing: All extracted rock was prepared, bagged, and sent to ALS Chemex in Vancouver, B.C., for assay analysis.
• Phase 1 Context (May 2025):
  • Intersected a mineralized zone ~10 meters (32 feet) wide.
  • High-grade zinc occurrence >30%.
  • Silver up to 177 ppm (5.7 oz/t).
  • Nickel up to 523 ppm (0.0523%).
  • Cobalt up to 91.9 ppm (0.0019%).
  • Copper >0.36%.
  • Mineralization intersected at depths of ~131 meters to ~142 meters (430–465 feet) in the hangingwall of the Green Monster fault zone.
• Historical Sampling Data:
  • Channel sampling from a raise off the main shaft returned: 1.18 meters of 3.77% Cu, 3.06% Ni, 0.21% Co, and 6.83% Zn.
  • Oxide/sulphide boulder sampling confirmed Zn >10%, Ag >200 ppm, plus Cu, Uranium, and Lead.
• Property Details: Green Monster property comprises 35 federal lode claims (~700 acres) in Clark County, Nevada, ~40 miles southwest of Las Vegas.

Notable Quotes

• "We are extremely pleased with the initial visual evaluation of the six holes drilled during phase 2 of our ongoing drill plan. The fact that three of the six holes drilled showed significant alteration and fracturing, and a fourth hole with good potential as well, continues to support Glenstar's belief that the polymetallic zone we're drilling could represent a significant discovery. Only assays and time will tell." — Bob Marvin, Glenstar Geologist