Goldstorm Metals Provides Updates on the Ongoing Phase I Drilling and Reconnaissance Program and Completed Geophysical Survey at the Crown Project, Located in the Golden Triangle of British Columbia
Goldstorm’s drilling remains on track at the project, though a laboratory backlog is delaying the release of the first assay results.
Goldstorm Metals Corp. (GSTM) provided a progress update on its 2026 Phase I diamond drill program at its 100%-owned Crown property in the Golden Triangle, BC. Drilling has completed 2,085 meters across four holes, OR-26-02 through OR-26-04. Hole OR-26-01 was abandoned after encountering a large void between 77 m and 90 m.
Drilling is currently underway on holes OR-26-05 and OR-26-06 from Pad C, with planned depths of 700 to 800 meters. Total planned Phase I drilling is approximately 3,000 meters.
Assay results for the first four holes are pending due to laboratory backlogs. Management expects complete Photon Gold and ICP values for the first three holes shortly.
A high-resolution airborne magnetic and radiometric survey covering 2,227 line-kilometers was completed in mid-July 2026. An independent consultant will interpret the data to prioritize future targets.
Strategic focus remains on intrusive-related, large, bulk-tonnage, Au-Cu-Ag porphyry-style targets. Less developed zones like Delta West will continue to be prospected to expand target size before drilling.
Goldstorm Metals Corp. (GSTM) released a standard operational progress update confirming that its drilling pace remains on-time and on-budget, consistent with prior announcements. The company noted that a laboratory backlog has introduced a minor delay in catalyst timing, though this does not alter the geological thesis or project economics.
The release contained no new assay data, resource estimates, or financing announcements. This incremental update was expected given the July commencement of drilling. The market is currently awaiting the first assay results to validate the porphyry model.
Goldstorm Metals Corp. (GSTM) is a pre-revenue exploration company focused on the Crown and Electrum properties located in the Golden Triangle of British Columbia. The Crown property is 100%-owned and targets large-scale porphyry copper-gold-silver systems and high-grade shear-hosted gold zones. Key targets include the Copernicus zone, which overlies a 1.2-km IP chargeability anomaly, the Orion Spine, and the newly discovered Delta West gold zone, which has returned historical grab samples greater than 39 g/t Au.
The Electrum property holds historical high-grade gold-silver intercepts and is currently being prospected for follow-up. The company is in the early exploration stage with no mineral resources or reserves defined. Management relies on geophysical data, surface sampling, and diamond drilling to advance the project.