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Goldstorm Metals Corp. (TSXV: GSTM,OTC:GSTMF) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to provide an update on the 2025 exploration activities at its 100% owned Crown and Electrum Properties, covering over 16,000 hectares directly south of Seabridge Gold's KSM Project and Newmont's Brucejack Mine. Click link to view: Crown and Electrum locations.
At the Crown Property, the Company successfully completed Induced Polarization (IP) and Magnetotelluric (MT) surveys across the Copernicus Zone, as well as surveying areas of geochemical anomalies along the Orion Spine. Concurrently, our geological crews undertook an extensive rock geochemical program throughout the Crown Property, which included 657 random and select grabs, chip, and channel samples. Some preliminary results from the geochemical program are highlighted in this release.
The Company is also pleased to report that drilling at the Electrum Property is proceeding on schedule and on budget. To date, four drill holes have been completed, with two additional holes remaining before the close of this year's exploration season, which is expected within the next two weeks.
Ken Konkin, P. Geo., President and CEO, comments, "We are very pleased to report the completion of the geophysical phase of exploration on the Crown Project, which has delivered some very promising results from the IP program. The survey outlined a large, coincident conductivity-resistivity anomaly underlying the Orion Spine, including the Copernicus Zone, that is located between 300 and 500 meters in depth. This anomaly extends over 1.2 kms in a north-south direction, and over a kilometer east to west.
Within this IP anomaly, our crews have identified numerous gold, copper and silver showings along the Orion Spine and discovered several new zones of surficial fracture-controlled mineralization along the eastern flank of Orion Spine that may have originated from a larger, intrusive-related source at depth. Given these results, and the strength of the IP anomaly, we believe there is great geological potential for the trend of Treaty-KSM porphyry deposits to continue southwards through the center of our Crown Claims, beneath the Orion Spine.
We are also pleased to report that the drilling of the Electrum Property is proceeding as planned. Additional updates on the drill program will be provided in the coming weeks after the exploration season concludes."
Results from the MT Survey will be announced once the results are compiled together with the 2016 MT Survey data. Below are views of the Orion Spine rock geochemical gold, silver and copper anomalies overlain on colour contours of the IP geophysical results at the Copernicus Zone.
2025 IP Chargeability 3D View - Copernicus Zone at Orion Spine, Crown Property
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/269783_9a677e20c4ed0b26_002full.jpg
2025 IP Chargeability Map (Gold Samples) - Copernicus Zone at Orion Spine, Crown Property
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/269783_9a677e20c4ed0b26_003full.jpg
2025 IP Chargeability Map (Silver Samples) - Copernicus Zone at Orion Spine, Crown Property
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/269783_9a677e20c4ed0b26_004full.jpg
2025 IP Chargeability Map (Copper Samples) - Copernicus Zone at Orion Spine, Crown Property
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/269783_9a677e20c4ed0b26_005full.jpg
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company's President and CEO, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
QA/QC
All samples were prepared at MSA Labs' Preparation Laboratory in Terrace, BC and assayed at MSA Labs' Geochemical Laboratory in Langley, BC. Gold was assayed using a fire assay with atomic absorption (AA) spectrometry finish. Samples over 10 ppm gold were fire assayed with gravimetric finish. All samples were analyzed by four acid digestion with multi-element ICP-MS, with silver and base metal over-limits being reanalyzed by emission spectrometry. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.
About Goldstorm Metals
Goldstorm Metals Corp. is a precious and base metals exploration company with a large strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-grade gold deposits in the world. Goldstorm's flagship projects, Crown and Electrum, cover an area that totals 16,469 hectares over 6 concessions, of which 5 are contiguous. The Crown Project is situated directly south of Seabridge Gold's KSM gold-copper deposits and Newmont Corporation's Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of BC, is situated directly between Newmont Corporation's Brucejack Mine, approximately 20 kilometers to the north, and the past producing Silbak Premier mine, 20 kilometers to the south.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Ken Konkin"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at https://goldstormmetals.com/Â or contact:
Chris Curran
VP Investor Relations and Corporate Communications
Phone: (604) 559-8092
E-Mail: chris.curran@goldstormmetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, the statement regarding the expectation that geologists are expected to complete a compilation study this winter once all assay results are received. Such a statement is a forward-looking statement and contains forward-looking information.
Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by Goldstorm and the opinions and estimates of management as of the date of this press release, including that geologists will complete a compilation study this winter once all assay results are received.
These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldstorm to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation that geologists will not complete a compilation study this winter or at all.
Although management of Goldstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Goldstorm does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269783
