Glenstar Ventures Granted Permit to Conduct Drilling on Its 100% Owned Green Monster Property
Glenstar Ventures (CSE: GSTR) (OTC: GSTRF) has received a drilling permit for its Green Monster Project in southwestern Nevada. The permit covers three sites allowing multiple holes per site, with the exact number pending finalization.
The property consists of 35 federal lode claims covering ~700 acres in Clark County, located approximately 40 miles southwest of Las Vegas. Historical workings include an 80-foot main vertical shaft with raised workings dating to the late 1800s and early 1900s.
Recent channel sampling revealed significant mineralization with 3.77% Copper, 3.06% Nickel, 0.21% Cobalt, and 6.83% Zinc across 1.18 meters. The property is adjacent to the historic Green Monster Mine, which produced over two million pounds of zinc. No previous drilling has been conducted on Glenstar's project, and the company's 2022 sampling work identified substantial nickel-copper deposits with anomalous cobalt.
Glenstar Ventures (CSE: GSTR) (OTC: GSTRF) ha ricevuto un permesso di perforazione per il suo Green Monster Project nel sud-ovest del Nevada. Il permesso copre tre siti, consentendo molteplici fori per sito, con il numero esatto in fase di definizione.
La proprietà consiste in 35 rivendicazioni minerarie federali che coprono circa 700 acri nella Contea di Clark, situata a circa 40 miglia a sud-ovest di Las Vegas. I lavori storici includono un pozzo verticale principale di 80 piedi e lavori sollevati risalenti alla fine del 1800 e all'inizio del 1900.
I recenti campionamenti del canale hanno rivelato una significativa mineralizzazione con 3.77% di Rame, 3.06% di Nichel, 0.21% di Cobalto e 6.83% di Zinco su 1.18 metri. La proprietà è adiacente all' storico Green Monster Mine, che ha prodotto oltre due milioni di libbre di zinco. Non sono state effettuate perforazioni precedenti sul progetto di Glenstar, e il lavoro di campionamento del 2022 dell'azienda ha identificato sostanziali depositi di nichel-rame con cobalto anomalo.
Glenstar Ventures (CSE: GSTR) (OTC: GSTRF) ha recibido un permiso de perforación para su Green Monster Project en el suroeste de Nevada. El permiso cubre tres sitios que permiten múltiples agujeros por sitio, con el número exacto pendiente de finalización.
La propiedad consiste en 35 reclamaciones mineras federales que cubren aproximadamente 700 acres en el condado de Clark, situado a unas 40 millas al suroeste de Las Vegas. Los trabajos históricos incluyen un pozo vertical principal de 80 pies y trabajos elevados que datan de finales de 1800 y principios de 1900.
Los muestreos recientes de canal revelaron una mineralización significativa con 3.77% de Cobre, 3.06% de Níquel, 0.21% de Cobalto y 6.83% de Zinc a través de 1.18 metros. La propiedad está adyacente a la histórica Green Monster Mine, que produjo más de dos millones de libras de zinc. No se han realizado perforaciones previas en el proyecto de Glenstar, y el trabajo de muestreo de 2022 de la compañía identificó depósitos sustanciales de níquel-cobre con cobalto anómalo.
글렌스타 벤처스 (CSE: GSTR) (OTC: GSTRF)는 네바다 남서부에 위치한 그린 몬스터 프로젝트에 대한 시추 허가를 받았습니다. 이 허가는 세 개의 사이트를 포함하고 여러 구멍을 뚫을 수 있으며, 정확한 구멍 수는 최종 확정 대기 중입니다.
이 속성은 클락 카운티에 있는 약 700에이커를 덮고 있는 35개의 연방 광산 청구권으로 구성되어 있으며, 라스베가스에서 약 40마일 남서쪽에 위치해 있습니다. 역사적인 작업에는 80피트 주요 수직 샤프트와 1800년대 후반 및 1900년대 초반으로 거슬러 올라가는 상승 작업이 포함됩니다.
최근의 채널 샘플링에서 구리 3.77%, 니켈 3.06%, 코발트 0.21%, 아연 6.83%가 1.18미터에 걸쳐 상당한 광물화가 발견되었습니다. 이 속성은 200만 파운드 이상의 아연을 생산한 역사적인 그린 몬스터 광산과 인접해 있습니다. 글렌스타의 프로젝트에서는 과거에 시추가 이루어지지 않았으며, 회사의 2022년 샘플링 작업은 비정상적인 코발트와 함께 상당한 니켈-구리 매장량을 식별했습니다.
Glenstar Ventures (CSE: GSTR) (OTC: GSTRF) a reçu un permis de forage pour son Green Monster Project dans le sud-ouest du Nevada. Le permis couvre trois sites permettant plusieurs forages par site, avec le nombre exact en attente de finalisation.
La propriété consiste en 35 revendications fédérales qui couvrent environ 700 acres dans le comté de Clark, situé à environ 40 miles au sud-ouest de Las Vegas. Les travaux historiques comprennent un puits vertical principal de 80 pieds et des travaux en surélévation datant de la fin des années 1800 et du début des années 1900.
Des échantillons récents de canaux ont révélé une minéralisations significative avec 3.77% de Cuivre, 3.06% de Nickel, 0.21% de Cobalt et 6.83% de Zinc sur 1.18 mètres. La propriété est adjacente à la mine historique de Green Monster, qui a produit plus de deux millions de livres de zinc. Aucune foration antérieure n'a été réalisée sur le projet de Glenstar, et le travail d'échantillonnage de l'entreprise en 2022 a identifié d'importants dépôts de nickel-cuivre avec du cobalt anormal.
Glenstar Ventures (CSE: GSTR) (OTC: GSTRF) hat eine Bohrgenehmigung für sein Green Monster Project im Südwesten von Nevada erhalten. Die Genehmigung umfasst drei Standorte, die mehrere Löcher pro Standort ermöglichen, wobei die genaue Anzahl noch aussteht.
Die Immobilie besteht aus 35 bundesstaatlichen Bergbaurechten, die etwa 700 Acres im Clark County abdecken, das sich etwa 40 Meilen südwestlich von Las Vegas befindet. Historische Arbeiten umfassen einen 80 Fuß tiefen Hauptvertikalschacht mit erhöhten Arbeiten, die bis ins späte 19. und frühe 20. Jahrhundert zurückreichen.
Neueste Kanalmuster haben eine signifikante Mineralisierung mit 3.77% Kupfer, 3.06% Nickel, 0.21% Kobalt und 6.83% Zink über 1.18 Meter ergeben. Die Immobilie grenzt an die historische Green Monster Mine, die über zwei Millionen Pfund Zink produziert hat. Vorherige Bohrungen wurden auf dem Glenstar-Projekt nicht durchgeführt, und die Probearbeit des Unternehmens aus 2022 identifizierte erheblichen Nickel-Kupfer-Vorkommen mit anomalen Kobalt.
- Received drilling permit for Green Monster Project
- Channel sampling showed high-grade mineralization: 3.77% Cu, 3.06% Ni, 0.21% Co, 6.83% Zn
- Property adjacent to historic mine that produced over 2M pounds of zinc
- 100% ownership of 35 federal lode claims (~700 acres)
- No previous drilling history on the property
- Historical workings are to 80-foot shaft depth
Vancouver, British Columbia--(Newsfile Corp. - February 11, 2025) - Glenstar Ventures Inc. (CSE: GSTR) (OTC Pink: GSTRF) (FSE: VO2) ("Glenstar" or the "Company") is pleased to announce that it has been granted a permit to conduct a drill program on the Green Monster Project in southwestern Nevada. Permitting covers three sites on the property allowing for multiple holes per site, the exact number of which will be announced upon finalization of the drill program plan in the coming days.
Project Background
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.
- Historical Workings
The Green Monster Project lies along a district scale fault fracture zone and is the locus of poly metallic veining and replacement of Paleozoic age carbonate rocks on the property, as well as the district area in general. The project was explored by underground shaft and raise workings that date to the late 1800's and early 1900's and is predominantly represented by an 80-foot main vertical shaft with raised workings or "offshoots" from the main shaft that begin horizontally and then slope upward to terminate at surface. These raised workings indicate a vein system, or systems, that were followed as part of an exploration plan at the time to determine the potential extent of mineralization.
These workings are documented in the USGS Mineral Resource Data System where the site is listed as a copper prospect, then known as the Desert Vally prospect, but is now called the Green Monster Project
The Company's lode claims are attached to the patented mining claims that cover the historic underground workings of the Green Monster Mine located half a mile to the east. Owned by Hearst Corp., of the fabled Hearst mining and publishing family, the mine produced in excess of two million pounds of zinc over its lifetime along with small amounts of copper, silver, and lead. All significant mining and shipping of the Green Monster ore was completed by 1920, however, in 1942 the uranium bearing mineral rutherfordine was discovered in material on the dump but was never pursued. (U.S. Geological Survey Professional Paper 275 by D. F Hewett, 1956).
No drilling has ever been done on Glenstar's Green Monster Project, and there is no field or archival evidence of any modern exploration activities prior to the Company's identification of robust nickel-copper with highly anomalous cobalt from sampling work done by the Company in 2022. It is speculated that the shaft and raise workings were once part of the Green Monster Mine operation and the exploration work that was done was conducted by Hearst Corp. but never internally documented.
- Recent Exploration Work
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
Sampling of oxide and sulfide bearing boulders directly downhill of the patented workings has confirmed the presence of very high zinc (>
Glenstar CEO Dave Ryan stated, "This is a very interesting property that is adjacent to a historical mine site that produced a significant amount of zinc without the benefit of modern mining techniques. Now that our drill permit is in place, we can finalize the drill plan and quickly work to mobilize our team on the property and see if the core results support our highly encouraging surface work to date."
About Glenstar Ventures 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 in predominant jurisdictions in North America, and 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 (OTCPK) in the United States under the symbol "GSTRF" Following its successful IPO, Glenstar has 24,082,379 shares issued and outstanding.
Robert Marvin, P.Geo (ONT) is the Qualified Person as defined by National Instrument 43-101 who has examined the property and directed all exploration activities on the property since initial staking in January 2022.
ON BEHALF OF THE BOARD
David Ryan
President & CEO
Further information regarding the Company can be found on SEDAR at www.SEDAR.com, 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.
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.
_200.jpg)
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240388
FAQ
What mineralization grades did Glenstar Ventures (GSTRF) find at Green Monster Project?
How many drilling sites were approved in Glenstar's (GSTRF) recent permit?
What is the size of Glenstar's (GSTRF) Green Monster Property in Nevada?
What historical production was achieved at the adjacent Green Monster Mine?
When did Glenstar (GSTRF) acquire and begin exploration at Green Monster?
