Glenstar hires Alloy for phase 2 Green Monster drilling

Executive Summary

• Glenstar Minerals Inc. has hired Alloy Drilling to execute Phase 2 of the drill program at its Green Monster Project in Nevada, following the receipt of a permit from the Bureau of Land Management.
• The Phase 2 program involves drilling nine holes over four locations, totaling approximately 300 metres of strike length exploration, with locations to be finalized based on recent hybrid-source audio-magnetotellurics (HSAMT) survey data.
• The company also announced the extension of its engagement with Altura Media Co. Inc. for an additional $250,000 to continue marketing and investor awareness services.

Key Details

• Drilling Contractor: Alloy Drilling (Elko, Nev.) hired to conduct the Phase 2 program.
• Drilling Method: Track-mounted reverse circulation (RC) drill.
• Program Scope: Nine holes over four locations comprising approximately 300 metres of strike length exploration.
• Hole Distribution:
  • Two holes collared in the area of the primary drilling from Phase 1.
  • Three holes focused on the discovery zone, located 150 metres west of the Phase 1 site.
  • Two holes each at two sites situated farther west along the believed mineralized east-west-trending belt.
• Survey Data Integration: Final drill hole locations (angle and depth) will be determined in consultation with Hasbrouck Geophysics Inc. following the provision of their report on the HSAMT survey conducted in mid-November.
• Survey Details: The HSAMT survey was acquired at 50-metre intervals along 13 lines over the greater target zone. It combines naturally occurring electromagnetic field measurements with signals from a portable, controlled-source transmitter to maximize the potential for discovering high-grade mineralization.
• Timeline: Alloy Drilling is expected to mobilize equipment in mid-December, with program completion anticipated before the Christmas holiday.
• Media Services Extension: Engagement with Altura Media Co. Inc. extended for an additional $250,000.
• Media Services Scope: Altura Media will provide strategic advertising, public relations, and investor communications services, including digital advertising, content creation, and shareholder communications support.
• Previous Project Context:
  • Green Monster property comprises 35 federal lode claims covering ~700 acres in Clark County, Nevada.
  • Previous sampling identified robust nickel-copper with anomalous cobalt.
  • Channel sampling returned 1.18 metres of 3.77% Cu, 3.06% Ni, 0.21% Co, and 6.83% Zn.
  • Oxide- and sulphide-bearing boulders confirmed zinc >10% and silver >200 ppm.

Notable Quotes

• "The company is very much looking forward to getting the results of the HSAMT survey, which will be incorporated into our process of determining the final drill location plan. Alloy Drilling will mobilize their equipment to the property in mid-December, and the program is expected to be completed before the Christmas holiday." — Dave Ryan, Chief Executive Officer