Northwire Canada EditionFriday, September 11, 2026
Northwire
GOLD 4391.30 −0.4% SILVER 64.89 −0.1% COPPER 6.55 +0.1% OIL 100.61 −1.8% PALLADIUM 1317.75 +1.8% MINE 0.125 +0.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 6.00 −0.2% PPM 0.015 +0.0% CRE 0.360 +7.5% MNO 1.89 +1.6% FEO 0.790 +1.3% LBNK 0.690 −2.8% SCOT 3.01 −1.9% PPP 0.860 +3.6% SLVR 1.14 +5.6% NCX 4.18 −1.1% ADY 0.320 +4.9% AIS 0.135 +0.0% GOLD 4391.30 −0.4% SILVER 64.89 −0.1% COPPER 6.55 +0.1% OIL 100.61 −1.8% PALLADIUM 1317.75 +1.8% MINE 0.125 +0.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 6.00 −0.2% PPM 0.015 +0.0% CRE 0.360 +7.5% MNO 1.89 +1.6% FEO 0.790 +1.3% LBNK 0.690 −2.8% SCOT 3.01 −1.9% PPP 0.860 +3.6% SLVR 1.14 +5.6% NCX 4.18 −1.1% ADY 0.320 +4.9% AIS 0.135 +0.0%
Drill Results Routine −

Drilling Results at Green Monster Project Show Geologically Complex Polymetallic Structure

Glenstar Minerals Faces Grade Disappointment at Green Monster as Wildhorse Drilling Offsets Sentiment

Executive Summary
  • The most recent release (April 17, 2026) details Phase 2 drilling results at the Green Monster Project in Nevada.
  • Mineralization was confirmed along the Phase 1 trend line but assay grades were lower than expected due to geological complexity and highly fractured rock.
  • The company plans a Terean geophysical survey to map structural controls, faults, and mineralization depth following these results.
  • A concurrent release (April 14, 2026) reported high-grade gold and copper trenching at the Wildhorse Project with Phase 1 drilling commencing there.
  • Green Monster Phase 2 involved six holes totaling approximately 3,320 feet across three drill pads.
  • Geological observations included abundant clay alteration, bright orange/red oxide minerals, and decalcification.
Material Impact
  • The April 17 news is rated Routine - Negative because it explicitly states grades were lower than expected, tempering prior optimism from Phase 1 results (>30% Zn).
  • While mineralization exists, the complexity suggests higher future exploration costs and potential processing challenges, delaying resource definition.
  • The Wildhorse positive update (April 14) provides a counterbalance but does not fully offset the Green Monster grade miss in terms of immediate materiality for that specific asset.
  • No financial impact is immediate as this is an exploration phase; however, investor sentiment regarding the primary flagship project has cooled.
  • The news confirms the need for additional geophysical work (Terean survey), indicating the current data is insufficient to advance to a resource estimate without further investment.
GSTR · Price
Company Overview
  • Glenstar Minerals Inc. operates two primary projects in Nevada: Green Monster (Clark County) and Wildhorse (Mineral County).
  • Flagship Project: Green Monster is a polymetallic zone targeting zinc, silver, nickel, cobalt, and copper; Phase 1 found >30% Zn zones.
  • Secondary Project: Wildhorse targets copper-gold porphyry systems with tungsten and antimony anomalies in skarnified intrusions.
  • Property Scale: Green Monster covers ~700 acres (35 claims); Wildhorse covers ~1,780 acres (89 claims).
  • Development Stage: Both projects are in the exploration phase; no resources have been defined yet.
  • Qualified Person: Robert Marvin, P.Geo (ONT), NI 43-101 qualified person supervises fieldwork and technical information.
Read the original news release →

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