Lodestar Metals Corp. is a Canadian junior gold exploration company focused on the Gold Run Project in Nevada, a drill-ready property described by the company as located on a major Carlin-style gold trend. Company news centers on exploration work at Gold Run, including drill permitting, reverse-circulation drilling, target definition, historical gold-silver data, and mineral-property agreements such as the Black Diamond mining patent. Updates also cover non-brokered private placements, common-share and warrant units, use of proceeds for drilling and working capital, board changes, and stock-option grants.
Lodestar Metals (OTCQB: SVTNF) has approved a proposal to lower exercise prices and extend the terms of 3,985,000 stock options. All affected options would have an exercise price of $0.055 and expire on November 4, 2031. Their existing exercise prices are $0.10, $0.11, $0.15 or $0.20, with existing expiry dates ranging from December 23, 2027 to April 10, 2031.
The largest tranche comprises 1,300,000 options currently exercisable at $0.15 and expiring January 9, 2031. Insiders hold 3,175,000 of the options covered by the proposal. The amendments remain subject to TSX Venture Exchange acceptance and approval by disinterested shareholders. Lodestar intends to seek that shareholder approval at its December 2, 2026 annual general meeting; the board's approval does not complete the amendments.
Lodestar Metals (SVTNF) reported final Gold Run drilling results, with gold-silver mineralisation intersected at all four prospects tested in Nevada. The completed maiden program comprised 18 holes totaling 2,820 metres. At Crown North, LSRC-17 returned 71.6 metres at 0.9 grams per tonne gold equivalent (AuEq), comprising 0.4 grams per tonne gold and 35.2 grams per tonne silver, from 19.8 metres down hole. LSRC-18 returned 80.8 metres at 0.6 grams per tonne AuEq from 42.7 metres down hole.
Lodestar is developing a three-dimensional geological model and plans 2027 follow-up drilling, prioritizing Robbers Knob and then Crown North. The company interprets a potential 650-metre structural corridor connecting the prospects, but their relationship and mineralisation continuity require additional drilling. Its longer-term goal is an initial mineral resource estimate compliant with Canadian NI 43-101 disclosure standards.
Lodestar Metals (SVTNF) reported silver-gold mineralisation in all eight additional drill holes at Black Diamond, within its Nevada Gold Run project. The holes covered 902 m of drilling. LSRC13 returned 15.2 m at 102.2 g/t silver equivalent (AgEq) from 50.3 m, including 1.5 m at 431.1 g/t AgEq. LSRC14 returned 12.2 m at 98.3 g/t AgEq from 48.8 m, including 3.0 m at 289.2 g/t AgEq. Silver equivalent combines metal grades into a silver-based measure.
Drilling intersected mineralisation over approximately 850 m of strike, remaining open along strike and up- and down-dip. Surveys and surface geochemistry identified a mineralised structural corridor extending at least 1 km. Lodestar plans deeper drilling to test depth extensions and possible stacked structures. Assays remain pending for two Crown North holes totaling 312 m. AgEq calculations assume 100% metal recovery; testwork is required to refine recovery factors once a resource is defined.
Lodestar Metals (SVTNF) reported its first high-grade gold-silver drill intercept at the Gomes prospect within Nevada’s Gold Run project.
Hole LSRC-08 returned 4.57 metres at 4.00 grams per tonne gold and 15.6 grams per tonne silver, including 1.52 metres at 11.30 grams per tonne gold and 30.4 grams per tonne silver. Two Gomes holes totaling 463 metres formed part of the completed 18-hole, 2,680-metre maiden program. Estimated true widths are 85–95% of reported drill lengths.
Lodestar now prioritizes Gomes for follow-up drilling after targeting an electrical chargeability anomaly. Mineralisation remains open along strike and up- and down-dip; the strongest portion of the anomaly remains untested. Northern rock sampling returned 2.8 grams per tonne gold, 7.5 grams per tonne silver, 14.7% copper and 0.45% zinc. Assays remain pending for 10 holes totaling 1,214 metres at Black Diamond and Crown North.
Lodestar Metals (OTCQB: SVTNF) has entered into an investor relations agreement with GRA Enterprises, operating as National Inflation Association (NIA), to provide investor relations and communications services. Lodestar will pay NIA a total of $75,000 USD, in three instalments between August 21 and October 17, 2026.
The initial term runs six months to February 18, 2027, with three renewal options ranging from three months to one year for fees between $50,000 and $100,000 USD. NIA and its president, Gerard Adams, are arm's length and hold no Lodestar securities. Lodestar also confirms its separate digital marketing agreement with Straight Edge Marketing (InvestorHyve) has terminated, and InvestorHyve is no longer providing services.
Lodestar Metals (OTCQB: SVTNF, TSXV: LSTR) reported first assay results from six reverse-circulation holes (1,143 m) of its 2,680 m maiden drill program at the Gold Run project in Nevada’s Robbers Knob target. Drilling outlined three mineralisation styles: broad near-surface oxide gold-silver, high‑grade shoots/veins, and a deeper polymetallic zone.
Key intercepts include 70.1 m grading 0.54 g/t Au and 6.7 g/t Ag in LSRC03, 36.6 m grading 0.27 g/t Au and 6.0 g/t Ag in LSRC02, and 30.5 m grading 0.33 g/t Au and 6.8 g/t Ag in LSRC01. Infill hole LSRC04 cut 16.8 m grading 6.07 g/t Au and 41.1 g/t Ag, including 3.0 m of 31.9 g/t Au and 181.6 g/t Ag. LSRC02 also intersected a deeper 15.2 m polymetallic interval grading 0.37 g/t Au, 16 g/t Ag, 0.40% Zn and 0.27% Pb. Geophysical (magnetics, IP) surveys define untested chargeability anomalies and northwest-trending structures, while assays remain pending for 12 additional holes (1,537 m) at the Gomes, Black Diamond and Crown North targets.
Lodestar Metals (OTCQB: SVTNF, TSXV: LSTR) announced approval for its common shares to trade on the OTCQB Market effective June 8, 2026.
The company also completed its maiden drill program at the Gold Run Project (18 RC holes, 2,820 metres) and reported a board change.
Lodestar Metals (OTC: SVTNF) acquired the Black Diamond mining patent at its Gold Run project (600m x 80m), securing a historically mined, high-grade silver target that has never been drilled.
The lease-and-purchase totals USD $75,000 (payments over two years) and grants a 2% NSR that can be repurchased for USD $75,000. Surface assays show silver 20 g/t to 3,307 g/t over ~550m strike; soils up to 33 g/t Ag; DDIP anomalies extend to 200m depth.
Lodestar Metals (OTC:SVTNF) has started a maiden 2,680 m reverse-circulation drill program at its Gold Run project in Nevada, with a proposed 16 holes targeting four priority prospects: Robbers Knob, Independence Trend, Gomes, and Crown North.
The program follows final BLM permit approval and integrates historical drill data, multi-element soils, UAV magnetics and a DDIP geophysical survey to test high-priority chargeability and alteration targets.
Lodestar Metals (OTC Pink: SVTNF) received final Bureau of Land Management approval for its Notice of Intent drilling permits at the Gold Run property, Nevada, and is submitting the required reclamation bond for final clearance. Drilling is expected to begin imminently after bond confirmation, with contractors ready to mobilize in late March.
New DDIP survey (7.2 line km) defined at least three strike-extensive high-chargeability trends (central, eastern, western) that are partially coincident with known gold-silver prospects and have multiple untested drill targets.