Goldstorm Metals Commences Phase 1 Drill Program at the Crown Project, British Columbia
Goldstorm begins its first drill program at the Crown project with funding secured for 2026 exploration activities.
Goldstorm Metals Corp. has officially commenced Phase 1 of its diamond drill program on its 100%-owned Crown property in the Golden Triangle, British Columbia. The initial phase targets approximately 3,000 metres of drilling, focusing on three holes at the Copernicus copper-gold geochemical trend and two holes at the newly discovered Delta West gold-mineralized zone.
Technical parameters for the program include HQ- and NQ2-size drill holes to depths of up to 800 metres, utilizing IP chargeability data, geophysical imaging, and high-resolution imagery to guide targeting. Laboratory protocols remain consistent with ISO 17025/9001 standards at MSA Labs.
Concurrently, the company revised its advisory agreement with Research Capital Corporation (RCC), increasing cash compensation to $42,000 and cancelling the previously disclosed issuance of 175,000 share purchase warrants.
Goldstorm Metals Corp. (GSTM) has begun drilling, a direct follow-up to the planning and permitting announcements made in May 2026. This development represents the routine execution of a previously disclosed strategy rather than a new catalyst. The company also cancelled 175,000 advisory warrants, a move that slightly reduces future dilution and offers minor benefits for capital efficiency, though it carries no material financial weight.
No drill results, resource estimates, or strategic shifts were disclosed in the announcement. The market has already priced in the 2026 exploration timeline and the $7 million financing closed in April 2026. Consequently, the impact on the stock price is expected to be neutral to marginally positive, consistent with routine operational milestones in early-stage exploration.
Goldstorm Metals Corp. (GSTM) is an early-stage exploration company focused on the Crown and Electrum properties in British Columbia's Golden Triangle, a world-class mineral belt hosting over 100 million ounces of gold.
The Crown Property is 100%-owned and covers approximately 16,000 hectares. Targets include the Copernicus porphyry Cu-Au trend, which overlies a 1.2-km IP chargeability anomaly, and the Delta West high-grade Au-Ag shear zone. The property is located south of Newmont's Brucejack mine.
The Electrum Property features high-grade epithermal Au-Ag veins. Historic intercepts include 440.8 g/t Au over 0.52m. Recent 2025 drilling returned grades up to 2.10 g/t Au and 944 g/t Ag.
The company is in the exploration stage. No mineral resources or reserves have been defined. Management has a documented track record of major Golden Triangle discoveries.