Glenstar begins phase 2 drilling at Green Monster

Executive Summary

• Glenstar Minerals Inc. has commenced Phase 2 drilling at its Green Monster project in Nevada, utilizing a track-mounted reverse circulation drill to target nine holes across four locations.
• The new drill program is guided by recent hybrid-source audio-magnetotellurics geophysical data and aims to expand upon the Phase 1 discovery zone, specifically targeting three holes in the area of high-grade zinc, silver, nickel, and cobalt mineralization.
• Phase 1 drilling in May 2025 identified a new mineralized zone approximately 10 meters wide, featuring significant intercepts of zinc (>30%), silver (up to 177 ppm), nickel (523 ppm), and cobalt (91.9 ppm) within the hangingwall of the Green Monster fault zone.

Key Details

• Drilling Program Scope: Phase 2 involves nine holes collared over four targeted locations along 300 metres of strike length.
• Target Allocation:
  • Two holes target the area of the primary Phase 1 drilling.
  • Three holes focus on the "discovery zone" located 150 metres west of the Phase 1 site.
  • Four holes (two each) are situated farther west along the believed mineralized east-west-trending belt.
• Geophysical Basis: Drill hole locations were determined following a review of hybrid-source audio-magnetotellurics survey data conducted in November by Hasbrouck Geophysics Inc.
• Phase 1 Historical Results (May 2025):
  • Intersected a new mineralized zone approximately 10 metres (32 feet) wide.
  • Centered on a high-grade zinc occurrence >30%.
  • Significant assay results included:
    • 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 between 131 metres and 142 metres in the hangingwall of the Green Monster fault zone.
• Property Details: The Green Monster property consists of 35 federal lode claims covering approximately 700 acres in Clark County, Nevada, located 40 miles southwest of Las Vegas.
• Previous Sampling Data:
  • Channel sampling from a raise off the main shaft returned: 1.18 metres of 3.77% Cu, 3.06% Ni, 0.21% Co, and 6.83% Zn.
  • Sampling of oxide/sulphide boulders confirmed zinc >10% and silver >200 ppm.

Notable Quotes

• Dave Ryan, CEO: "We are pleased to begin the phase 2 drill program at Green Monster before the Christmas holiday and very much look forward to hopefully positive results from each hole but, particularly, what we will see from the three holes planned at the discovery zone. This is a very exciting time for Glenstar and its shareholders."