Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - Glenstar Minerals Inc. (CSE: GSTR) (OTCQB: GSTRF) (FSE: VO2) ("Glenstar" or the "Company") is pleased to announce that it has received assay results from rock grab samples that were collected during the phase 1 exploration program conducted at the Company's Wildhorse Property in Mineral County, Nevada, in early June (see news release dated June 5, 2025). Assays were conducted by ALS Chemex ("ALS") located in Vancouver, BC, Canada on samples that were collected, securely bagged, and labelled by the Company's Qualified Person, Robert Marvin, from outcropping rocks within historic pits and trenches on the property.
Four grab samples were collected from the Coca Cola Zone, located in the west-central portion of the property. These four samples, as reported by ALS, have returned copper values of 1.6%, 5.3%, 2.3% and 5.1%, along with an average of 21.6 ppm silver. Additionally, the samples are anomalous in bismuth - averaging 156 ppm across the four samples, and also tungsten - averaging 72.5 ppm across the same samples. These rock samples represent a rough transect across a prospect pit taken along a zone that is perpendicular to east-west vein and gossan orientations over a total width of three meters. Geologic observations of this sampled zone include the presence of a complex array of narrow porphyritic dikes with feldspar phenocrysts in a black, fine-grained matrix. Exposure of bedrock around the historic workings is minimal due to loose rock and soil cover.
Another four rock grab samples were collected from the Highland Zone, from a series of shallow pits and trenches located approximately 1 km south, and steeply up hill, from the Coca Cola Zone. The Highland Zone is centered on a narrow, north-south trending breccia zone developed with metavolcanic rocks. These four samples average 0.16% copper and 43 ppm silver, and two of the samples contained 1.23% zinc and 1.98% lead respectively. Geologic observations from the Highland Zone include the presence of decimeter scale breccia zones or porphyry dikes, with irregular feldspar crystals in a glassy dark brown matrix. This zone appears to represent distal alteration and mineralization away from the main system on the property.
A third sampling site is located 0.5 kilometers east of the emerging system in the central portion of the property. This historic working returned low assay results and is considered to be outside the main area of interest at the project.
Gold assays and the results of a property wide stream sediment sample program completed in Phase 1 are still pending at ALS Chemex.
By compiling the results of the phase one rock sampling work and geologic observations, along with the initial sample results of the Rattlesnake Zone (see news release dated May 8, and June 5, 2025) a clear picture of property scale geological, alteration, and mineralization zoning is emerging. The central portion of the property contains complex porphyritic intrusions within a strong skarnified envelope. High grade copper and silver, along with strongly anomalous bismuth, antimony, and tungsten in the central portion are surrounded by strong zinc and lead mineralization in areas more distal from the center of the system, as it is understood at this early stage of exploration of the property.
The strongly zoned pattern of alteration and mineralization suggests the presence of a mineralized porphyry intrusive at depth below the central portion of the property, and the setting is compelling for the potential presence of a variety of attractive mineralization styles. The sampling results received to date strongly support this potential.
The focus of the Phase 2 exploration program will be to greatly increase sample density and geologic information of the identified central zone.
Project Background & Recent Exploration Work
The Wildhorse Property is comprised of 61 mineral claims, representing 1,220 acres (494 hectares) in Mineral County, Nevada, and was initially targeted after compilation of all available data, including notes of a 1975 field examination contained in the Anaconda Company archives housed at the university of Wyoming. The claims show historical workings that appear to date from the late 1800's and early 1900's. Other claim stakes that the geological team discovered on the property indicate the last time the area was staked was 2011, however, these claims were never registered with the BLM. Preliminary geological assessment of the claims, and the area in general, indicate there are a series of east dipping mineralized zones. Initial field examination of the property identified and sampled a quartz veinlet zone containing in excess of 1 gram per ton gold, 1% copper, and 6,100 ppm of antimony. It was also reported that outcropping zones also contain bismuth and tungsten >200 ppm, which points to a focused intrusive source for the epidote skarn alteration and poly-metallic system.
Several additional areas of exposed copper mineralization were located during the staking of the property. The geology of the area is complex, with strongly folded and faulted limestones, shale, and metavolcanic rocks of Paleozoic age underly the known mineralization and cover a large portion of the property claims. Importantly, an intrusive mass of rhyolite has intruded the deformed section in a position proximal to the known mineralization. Land slide rubble and boulder bearing gravel units conceal the underlying geology in the northcentral portion of the property (see news release dated May 8, 2025).
The economic opportunity at Wildhorse points to the possible discovery of a large, well mineralized skarn system under the surface workings and within the controlling north-south fault zone exposed at surface. Skarns are relatively easy to explore as they respond well to a variety of electric geophysical methods including magnetic surveys.
About Glenstar Minerals Inc.
Glenstar is a mineral exploration company with a focus on polymetallic minerals. These elements are classified as critical minerals and are essential in the manufacturing of sophisticated electronics and other vital energy technologies. The Company's mission is to leverage its knowledge and connections to explore, acquire, and develop critical mineral and energy metal properties throughout the world.
Glenstar's shares trade on the Canadian Securities Exchange (CSE) under the symbol "GSTR", on the Frankfurt Stock Exchange under the symbol "VO2", and on the Over-the-Counter market (OTCQB) in the United States under the symbol "GSTRF".
Robert Marvin, P.Geo (ONT) is the qualified person as defined by National Instrument 43-101 and is the independent consulting geologist for Glenstar Minerals Inc. who has examined the Green Monster and Wildhorse properties on the ground numerous times since 2022 and 2024 respectively. All fieldwork relating to geologic observations and sampling as reported herein, has been directly overseen by Mr. Marvin who supervised the preparation of, and has reviewed and approved, the technical information in this release.
ON BEHALF OF THE BOARD
"David Ryan"
President & CEO
Further information regarding the Company can be found on SEDAR at www.sedarplus.ca, by visiting the Company's website www.glenstar.ca or by contacting the Company directly at 604-449-2810.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information Certain information contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward- looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of any Offering, the use of proceeds of the Offering and any statements regarding the Company's business plans, expectations and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information.
Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Mineral exploration is subject to risks and uncertainties and there is no assurance that any potential results or findings that may be suggested in this press release will ultimately happen. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company's profile and on the Company's website. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date.
This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of the Company with respect to the same. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This release may contain statements within the meaning of safe harbour provisions as defined under securities laws and regulations.
We seek safe harbour.
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SOURCE: Glenstar Minerals Inc.
