Lodestar Metals Reports Bulk-Tonnage Gold-Silver Potential at the Gold Run Project in Nevada
Lodestar’s Maiden Gold Run assays deliver a broad oxide intercept and high-grade gold-silver shoot, validating open pit and underground potential.
Lodestar Metals Corp. (LSTR) has released assay results from the first six reverse circulation holes, totaling 1,143 meters, of its maiden 2,680-meter drill program at the Robbers Knob area of the Gold Run project in Nevada.
The company identified three mineralization styles: broad near-surface oxide, high-grade shoots and veins, and deeper polymetallic gold-silver-lead-zinc deposits. True widths are estimated at 85–95% of core lengths.
Key intercepts from the initial six holes include:
- LSRC04: 16.8 m @ 6.07 g/t Au, 41.1 g/t Ag from 132.6 m, including 3.0 m @ 31.90 g/t Au, 181.6 g/t Ag.
- LSRC03: 70.1 m @ 0.54 g/t Au, 6.7 g/t Ag from 89.9 m, including 62.5 m @ 0.60 g/t Au, 7.0 g/t Ag from 97.5 m.
- LSRC02: 15.2 m @ 0.37 g/t Au, 16.0 g/t Ag, 0.27% Pb, 0.40% Zn from 161.5 m (polymetallic).
- LSRC01: 30.5 m @ 0.30 g/t Au, 6.8 g/t Ag from 51.8 m.
- LSRC05: 36.6 m @ 0.20 g/t Au, 3.7 g/t Ag from 137.2 m.
- LSRC06: No significant intercepts.
Assays remain pending for 12 holes totaling 1,537 meters at other targets within the project.
Lodestar Metals Corp. (LSTR) is a pre-resource, micro-cap explorer with a market capitalization of approximately CAD $1.66 million. Prior to this release, the stock had declined from $0.12–0.13 in May 2026 to $0.07, reflecting waning enthusiasm after a drill program completed without news. Historical Robbers Knob grades are comparable at 18.3 m @ 4.3 g/t Au, so the market was not expecting a Tier-1 discovery. The new results confirm the presence of a robust mineralized system, featuring a broad oxide zone and a high-grade shoot. The 102 g·m gold intercept in LSRC04 is a positive surprise given the recent drift lower, and the bulk-tonnage potential remains alive.
However, the results are not transformative: - No resource has been defined. - Only one hole hit >5 g/t Au. - The high-grade shoot has not been confirmed by a second hole; continuity is unknown. - The bulk oxide grade (0.54 g/t) is low for a standalone open pit. - The pending 12 holes could provide the needed follow-up.
The news is materially positive for a junior explorer, but it does not change the company’s fundamental risk profile, as there are no reserves and the company is in early exploration.
Lodestar Metals Corp. is a Canadian junior explorer focused on its 100%-owned Gold Run Project in Nevada. The project covers over 3,500 acres in a mining-friendly jurisdiction and is situated in a past-producing district with historic gold-silver intercepts, though it currently holds no NI 43-101 resource. The company also holds an early-stage lithium exploration asset at Peny, Manitoba, which is not considered a current value driver.
Management is led by Lowell Kamin, with technical oversight provided by Leo Horn, a Qualified Person. The company recently consolidated its shares on a 2:1 basis and completed a $1.57M private placement to fund drilling activities. Financials show no revenue, with selling, general, and administrative expenses running approximately $150k to $300k per quarter. The cash position has been depleted by drilling but is expected to be replenished through future equity raises.