Glenstar samples 11.2 g/t Au at Wildhorse

Executive Summary

• Glenstar Minerals Inc. reported strong assay results from 29 stream sediment samples collected in early June on its Wildhorse Project in Nevada, identifying significant tungsten-bismuth anomalies and a high-grade gold-silver occurrence.
• The results confirm known mineralized zones (Rattlesnake and Coca Cola) and identify two additional drainages as highly prospective, supporting an expanded Phase 2 exploration work program.
• A significant gold sample was identified in a cobble 35 meters downhill from the Coca Cola zone, returning 11.2 g/t Au and 11.35 g/t Ag, alongside multi-percent copper and strong tungsten/bismuth signatures.

Key Details

• Sample Count & Source: 29 stream sediment samples collected during Phase 1 exploration in early June.
• Assay Laboratory: ALS Chemex in Vancouver, B.C.
• Qualified Person: Robert Marvin, PGeo (ONT).
• Tungsten-Bismuth Anomalies: Strong anomalies mapped in four distinct stream drainages in the central portion of the property, confirming known mineralized zones and identifying two additional prospective drainages.
• Geological Model: Results support an intrusive-centre geologic model at Wildhorse, specifically around "Palomino Hill," which is surrounded by a well-developed skarn envelope.
• Metal Zoning:
  • East Flank (Rattlesnake Zone): Strong gold, copper, silver, bismuth, tellurium, and tungsten.
  • Southwest Flank (Coca Cola Zone): Strong gold, copper, silver, bismuth, tellurium, and tungsten.
  • South Side (Highland Zone): Zinc, silver, and lead dominant.
• Significant Gold Occurrence: A single sample from a large cobble in stream drainage, located 35 meters downhill from the Coca Cola zone, returned:
  • Gold: 11.20 ppm (11.2 g/t or 0.36 oz/t)
  • Silver: 11.35 ppm (11.35 g/t or 0.37 oz/t)
  • Copper: Multi-percent
  • Other: Strong tungsten, bismuth, and tellurium signature.
• Property Details: Wildhorse property comprises 61 mineral claims (1,220 acres / 494 hectares) in Mineral County, Nevada.
• Historical Context: Historical workings date to late 1800s/early 1900s; last staking was 2011 (unregistered with BLM).
• Previous Sampling: Initial field examination identified quartz veinlets with >1 g/t gold, 1% copper, and 6,100 ppm antimony. Outcropping zones contained >200 ppm bismuth and tungsten.

Notable Quotes

• Robert Marvin, Project Geologist: "These latest results clearly indicate that the zones of interest warrant an expanded and more comprehensive phase 2 exploration and work plan, which will provide a clearer picture of what we're actually dealing with. I am extremely happy with what we have discovered so far at the Wildhorse project and the team will be determining next steps in the very near future."