Glenstar stakes 28 claims at Wildhorse

Executive Summary

• Glenstar Minerals Inc. reports additional high-grade gold assay results from rock samples at the Coca Cola zone of its Wildhorse Project in Nevada, supporting the identification of an emerging copper-gold skarn target and potential underlying porphyry system.
• The company has expanded its land position by staking 28 new claims, bringing the total package to 89 claims covering 1,780 acres (720 hectares).
• Phase 2 exploration plans include detailed geological mapping by expert Tom Borovicka, initial trenching (three parallel trenches) to expose the Coca Cola zone, and a property-scale airborne drone magnetic survey.

Key Details

• Assay Results: Four new gold assays were provided by ALS Chemex, continuing to support the copper-gold skarn target hypothesis at the Coca Cola zone. (Specific numerical intercepts are referenced as being in a table previously reported or attached to the release, but specific values are not explicitly listed in the text body beyond general high-grade descriptions).
• Geological Context: Mineralization is hosted in the Triassic age Excelsior formation. The presence of magnetite, epidote, and pyrite alteration supports a classic copper porphyry system setting. Historical data suggests a potential porphyry system of unknown size underlying the property.
• Land Position:
  • Added 28 claims to the west, south, and southeast of the Coca Cola and Highland zones.
  • Total land package: 89 claims.
  • Total area: 1,780 acres (approximately 720 hectares).
• Upcoming Exploration Activities:
  • Geological Mapping: Retained porphyry copper expert Tom Borovicka to produce a detailed geologic base map.
  • Trenching: Permitting in final stages for three parallel trenches (5 ft wide, 3 ft deep, 50 ft long, spaced 20 ft apart) to expose the Coca Cola zone.
  • Geophysics: Airborne drone magnetic survey planned with 50-metre spacing to cover the entire property.
• Historical Context: The property shows historical workings from the late 1800s/early 1900s. Preliminary assessments identified quartz veinlets with >1 g/t gold, 1% copper, and 6,100 ppm antimony. Bismuth and tungsten >200 ppm were also reported.
• Qualified Person: Robert Marvin, PGeo (Ontario), is the independent consulting geologist who has reviewed and approved the technical information.

Notable Quotes

• "Outcropping of high-grade copper plus gold at surface on the Coca Cola zone, when taken into consideration with all of the historical geologic data gathered to date, suggests that the property is underlain by a copper-gold porphyry system of unknown size."
• "The presence of abundant magnetite plus epidote plus pyrite alteration encountered near the Coca Cola zone so far supports the evidence that this type of geology is a classic setting for copper porphyry systems."
• "Data compiled thus far suggest that there could be in excess of one kilometre of strike length over these two zones of interest..."