Lodestar Metals Defines Three Large Gold-Silver Soil Anomalies at Goldrun Property, Nevada

On October 28, 2025, Lodestar Metals announced that a soil sampling program at its Goldrun Property in Nevada has successfully defined three extensive gold-silver anomalies. The program, which consisted of 395 samples, identified three distinct, kilometer-scale trends: - Robbers Trend: A 1km gold-mercury anomaly with a peak value of 100 ppb gold. - Gomes Trend: A 1km gold-silver-mercury anomaly with peak values of 223 ppb gold and 7.8 g/t silver. - Independence Trend: A 1km gold-silver-mercury anomaly with peak values of 298 ppb gold and 33 g/t silver.

The company states these coherent anomalies represent significant scale potential and have delineated multiple drill-ready targets, which are further supported by historical deep dipole induced polarization (DDIP) surveys.

The news is materially positive. It represents the first significant exploration news from the company's new flagship Goldrun project, acquired in mid-2025. The results validate the company's exploration thesis and the strategic pivot to Nevada.

Critically, this news follows the successful closing of the first tranche of an upsized financing. On October 24, Lodestar closed ~$1.12 million of a planned $1.5 million raise. This sequence is crucial: the company has now identified specific, data-supported drill targets and simultaneously secured the funding necessary to test them.

While soil anomalies are very early-stage and do not guarantee a discovery, these results are a necessary and successful step in de-risking the project. They provide tangible targets for the market to anticipate and move the company's narrative from "acquiring a new project" to "preparing to drill defined targets." The combination of positive exploration data and a strengthened treasury makes this a significant positive development, well beyond a routine update.

Lodestar Metals is a junior mineral exploration company. In May 2025, the company made a significant strategic pivot by entering into an option agreement to acquire a 100% interest in the Goldrun Property in Humboldt County, Nevada. This is now the company's flagship project. Goldrun is located at the intersection of the Getchell and Battle Mountain-Eureka gold trends. The property has seen significant historical work, including 131 drill holes, but Lodestar believes modern exploration techniques can unlock its potential. Prior to this, the company's main asset was the Peny lithium property in Manitoba.