Lodestar Metals Corp.

LSTR reported strong initial drilling results from its Black Diamond prospect at the flagship Gold Run project in Nevada. All eight holes (902 m) intersected silver-gold mineralization, confirming an epithermal vein system spanning ~850 m. Standout intercepts included 15.2 m grading 102 g/t AgEq (silver equivalent), including an ultra-high-grade interval of 1.5 m at 431 g/t. These grades compare favorably with typical Nevada grades of 60–150 g/t AgEq, supporting the company's exploration model, and further drilling along strike and at depth.

We view Black Diamond as a significant new exploration target beyond Robbers Knob, historically the project's primary exploration focus. High-grade silver-gold mineralization broadens Gold Run's potential beyond its primary gold targets, while success across multiple prospects increases the opportunity to define a larger, multi-zone system.

Gold Run is located 12 km south of Turquoise Ridge, operated by Barrick and Newmont, one of the world's highest-grade gold mines. Gold Run has not been systematically tested using modern exploration methods.

LSTR reported high-grade gold results from two holes (463 m) targeting the Gomes prospect at its Gold Run project in Nevada, intersecting 4.6 m grading 4.0 g/t gold, including 1.5 m at 11.3 g/t. In addition, surface sampling immediately north of Gomes returned values of up to 2.8 g/t gold, 7.5 g/t silver, 14.7% copper, and 0.45% zinc. These gold grades are well above the 0.5–1.0 g/t commonly associated with similar projects in Nevada. Higher-grade mineralization is sought after for its potential to improve project economics.

Gomes is emerging as a new exploration target beyond Robbers Knob, the primary focus of historical exploration, with mineralized structures extending for at least 1 km. Assay results are pending from 10 additional holes (1,214 m) at the Black Diamond and Crown North targets, providing further potential catalysts.

Gold Run is 12 km south of Turquoise Ridge (operated by Barrick and Newmont), one of the world’s highest-grade gold mines. The project has not been systematically tested using modern exploration methods.