Glenstar Minerals starts Phase 2 drill program at Green Monster Project, Nevada

Glenstar Minerals Inc. [CSE: GSTR; OTCQB: GSTRF; FSE: VO20] reported that the Phase 2 drill program at the company’s Green Monster Project in Nevada has begun. Alloy Drilling of Elko, Nevada mobilized its crew and equipment over the weekend and has commenced drilling.

Utilizing a track mounted reverse circulation drill, nine holes will be collared over four targeted locations along 300 metres of strike length. Two holes are targeted in the area where the primary drilling was undertaken in the Phase 1 drill program; three holes will focus on the area that is considered the “discovery” zone 150 metres west of the primary Phase 1 drill site, and two holes each at two sites will be situated further west along what is believed to be the mineralized east-west trending belt.

Drill hole locations in this Phase 2 program have been determined following review of the geophysical data accumulated during the recent Hybrid-Source Audio-Magnetotellurics Survey (the HSAMT or Survey) that was conducted in November by Hasbrouck Geophysics, Inc.

Dave Ryan, CEO, Glenstar, stated, “We are pleased to begin the Phase 2 drill program at Green Monster before the Christmas holiday, and very much look forward to hopefully positive results from each hole, but particularly what we will see from the three holes planned at the ‘discovery zone’. This is a very exciting time for Glenstar and its shareholders.”

The Phase 1 drill program, which was conducted in May 2025 encountered a new mineralized zone approximately 10 metres (32 feet) wide and is centered on a very high-grade zinc occurrence that is >30%, and a significant assay result of up to 177 ppm of silver (5.7 oz/t), 523 ppm of nickel (0.0523%), cobalt up to 91.9 ppm (0.0019%) and copper that is >.36% according to assay results provided by ALS in Vancouver, BC.

The nickel and cobalt percentages reported are subjectively classified as highly anomalous for the geological structure as well. Mineralization in this hole was intersected at depths from ~131 metres (~430 feet) to ~142 metres (~465 feet) and occurs in the hanging wall of the Green Monster Fault Zone.

The Green Monster property is comprised of 35 federal lode claims covering ~700 acres located in Clark County, Nevada, on the west trending spur of the Spring Mountains and is approximately 40 miles southwest of Las Vegas. Until the recent drill program in May of 2025, no drilling was ever conducted on the property, but the company’s previous identification of robust nickel-copper with anomalous cobalt from sampling work done in 2022 indicated that several targets were ideal for shallow RC drilling.

Glenstar acquired the Green Monster property and conducted initial groundwork in 2022 that included reconnaissance geologic mapping, surface rock sampling, soil sampling, and a drone magnetic survey. Channel sampling across the exposed back of a raise off the main shaft returned 1.18 meters of 3.77% Cu (Copper), 3.06% Ni (Nickel), 0.21% Co (Cobalt) and 6.83% Zn (Zinc). These values are well in excess of select dump samples from historical underground workings and represent in-place, vein style mineralization. Sampling of oxide and sulfide bearing boulders directly downhill of the patented workings has confirmed the presence of very high zinc (>10%) and silver (>200ppm), as well as copper, uranium, and lead.

Glenstar is focused on polymetallic minerals. These elements are classified as critical minerals and are essential in the manufacturing of sophisticated electronics and other vital energy technologies.