Oleblue
8月前
Goldstorm Metals Provides Update on IP and MT Geophysical Surveys on the Crown Property, Prepares for Drill Program at Electrum, Golden Triangle of British Columbia
Newsfile
September 25, 2025
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") reports that the Induced Polarization (IP) survey has been completed, and the Magnetotelluric (MT) survey is now underway at its 100%-owned Crown Property. The property covers approximately 16,000 hectares and is located directly south of, and adjacent to, Seabridge Gold Inc.'s KSM gold-copper project and Newmont's Brucejack gold mine. See the map below for the Crown Property location. The IP and MT programs are designed to advance exploration at the Copernicus Zone and to further test promising geochemical anomalies along the Orion Spine. Results of these programs will be reported once the Company receives the final reports from the geophysical consultant.
Crown and Electrum Properties - Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/267922_071bd718d4baf850_002full.jpg
Ken Konkin, P. Geo., President and CEO, comments "As we await the results of the IP and MT surveys from our consultants that will help define and prioritize drill targets at the Crown Property, Goldstorm will continue to advance exploration efforts with a 1,200-meter diamond drill program at the Electrum Property. This program will follow up on previous near-surface high-grade gold and silver drill intercepts and represents another exciting step in our broader exploration strategy, which includes expanding the high-grade mineralization footprint at Electrum.
The sheeted gold-silver vein complex at Electrum has many similarities to that of the Blueberry vein system found immediately to the south on the adjoining claims owned by Scottie Resources Corp. Our drill holes are designed to test areas that may contain some very high grades of multi-pulse gold and silver mineralization, based on results of nearby drill holes. A track-mounted drill will be utilized to drill at least six HQ and NQ2 drill holes. Given that we have excellent road access throughout the entire Electrum Property, all holes can be collared from existing access roads.
We expect the completion of the geophysical surveys within days at the Orion Spine on the Crown Property, which is located just north of the Electrum Property. Once finalized, we will receive the geophysical interpretations from the IP and MT studies. In addition, our crews have recently made new discoveries from an intensive prospecting and rock sampling program, collecting 527 grab, chip and channel samples from the Crown Project, including the Orion Spine area where we concentrated our geophysical study.
The majority of these samples have been submitted to the lab recently, so we expect to see the results within three weeks. With the geophysical and geochemical results in-hand, we will then select drill targets for the Orion Spine. Ideally, we hope to complete this compilation before the end of the season so we can construct several drill pads, which will be ready to receive drills for the 2026 exploration season. The goal at Orion is to discover the next set of large intrusive-related deposits that are on trend from the south-trending Treaty-KSM deposits that occur at a regular frequency of distribution at approximately three-kilometer intervals."
Results of the geophysical work at the Crown Property will refine the understanding of mineralized zones and structural controls and will assist in identifying potential large-scale targets along the 1.4-kilometer-long Copernicus Zone and the 6-kilometerlong Orion Spine. Results from the surveys are expected to provide valuable insight into the geology of the project area and guide future drilling campaigns.
2025 Electrum Drill Program
Drilling at Electrum this fall will total approximately 1,200 meters (m) in six holes targeting high-grade gold and silver intervals reported from previous drill programs in 2023 and 2024 operated by Goldstorm Metals, and from historical discoveries (please refer to press releases dated November 14, 2023, January 24, 2024 and November 6, 2024). In prior programs operated by Goldstorm Metals and other operators, the targeted drill area returned several higher-grade gold and silver results, including:
EL-06-18 intercepting 440.8 g/t gold and 400.0 g/t silver over 0.52 m
EL-07-31 intercepting 31.40 g/t gold and 19.0 g/t silver over 2.0 m
EL-23-08 intercepting 57.34 g/t gold and 214.27 g/t silver over 2.1 m
The drill targets will include the area of the historical East Gold Mine area, where intermittent small-scale, underground production between 1939 and 1965 produced 3,816 ounces of gold and 2,442 ounces of silver from 45 tons of hand selected ore. Sampling and mapping by Tudor Gold Corp. in 2020 further support this prospective target, as a verification chip sample taken within this area returned values of 101.60 g/t gold and 20,334.0 g/t silver. Another prospective drill target, 300 m to the south of this area, includes high-grade gold intercepts drilled in 2007, which have never received follow-up work. See below to view the map of the Electrum 2025 drill plan.
2025 Electrum Drill Plan Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/267922_071bd718d4baf850_003full.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
GOLDSTORM METALS CORP.
"Ken Konkin"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at https://goldstormmetals.com/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/267922
https://finance.yahoo.com/news/goldstorm-metals-provides-ip-mt-090000055.html
Oleblue
8月前
Goldstorm Metals Commences IP Geophysical Survey on the Crown Property, Located in the Golden Triangle of British Columbia
Newsfile
August 26, 2025
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to announce that the Induced Polarization (IP) geophysical program (the "Program") has commenced at the Company's 100%-owned Crown Property, which covers approximately 16,000 hectares situated adjacent to, and due south of, both Seabridge Gold Inc.'s KSM gold-copper project and Newmont's Brucejack gold mine. See map below to view the Crown Property location. The IP Program will target the Copernicus Zone and other geochemical anomalies along the Orion Spine at the Crown Property.
Crown Property Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/263873_62f16eaf64f9db92_002full.jpg
Ken Konkin, P. Geo., President and CEO, comments: "We are pleased to announce that the geophysical phase of exploration on the Crown Project has begun. This study is expected to greatly assist our team in prioritizing drill targets along the Orion Spine, which is located directly south of, and on trend with the extensive string of Treaty-KSM gold-copper porphyry deposits. We believe that great geological potential exists for the continuation of the Treaty-KSM porphyry trend southwards, through the center of our Crown Claims beneath the Orion Spine.
The geophysical surveys will focus on the known zones of mineralization at Copernicus and areas of anomalous gold-in-rock geochemistry immediately north and south of Copernicus which lies mid-way down along the Orion Spine. We expect the IP survey to be completed before the end of August and Simcoe Geoscience will follow up with a Magnetotelluric (MT) study, which is designed to map lithologies and structures at depth. We anticipate that the results of these surveys will considerably improve our geologic understanding of the project as we prepare for preliminary exploration drilling.
The goal is to evaluate the underlying geology along the 1.4-kilometer trend of the Copernicus Zone to determine if a large intrusive-related target at depth may be the source for the mobilized copper-gold-silver mineralization identified on surface. The IP study will cover 3.5-kilometers of the impressive, anomalous gold-in-rock geochemical trend that extends along the north-south oriented Orion Spine. The objective of the geophysical studies is to outline resistivity/conductivity and magnetic features that may represent larger mineralized targets, as well as identify major regional structures that are known to play an important role in the geological model for the porphyry systems located on trend to the north, at KSM and at Treaty Creek.
Our field crews have been mapping, prospecting and sampling freshly exposed outcrop on both the east and west flanks of the receding glaciers bounding the Orion Spine. Attention has been given to the structural orientation of high-grade base- and precious-metal mineralization that may be emanating from deeper sources, which could be related to potential intrusive-related activity such as a porphyry system.
If the metal sources for the Copernicus Cu-Au-Ag structures are related to deeper, larger, mineralized bodies, vectoring from these, and other newly discovered structures, toward a potential source would be important information for designing the initial drill program. The first phase of rock channel sampling has been completed and these include 165 grab, rock-chip and saw-cut channel samples. We hope to receive the rock geochemical analysis results near the end of the month to coincide with the end of the IP program."
The MT Survey announced in the Company's press release dated August 6, 2025, will be carried out following the completion of the IP Program. Below is a view of the Orion Spine rock geochemical gold anomalies and areas for the IP and MT geophysical surveys at the Copernicus Zone.
2025 Ground Geophysical Survey Area - Orion Spine
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/263873_62f16eaf64f9db92_003full.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
GOLDSTORM METALS CORP.
"Ken Konkin"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at https://goldstormmetals.com/ 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/263873
https://finance.yahoo.com/news/goldstorm-metals-commences-ip-geophysical-080000473.html
Oleblue
8月前
Goldstorm Metals to Conduct Geophysical Programs on the Crown Property, Located in the Golden Triangle of British Columbia
Newsfile Corp.
August 6, 2025
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to announce that it has contracted with Simcoe Geoscience Limited to complete ground-based Magnetotelluric (MT) and Induced Polarization (IP) geophysical programs (the "Programs") targeting the Copernicus Zone and other geochemical anomalies along the Orion Spine on the Company's 100%-owned Crown Property. The Crown Property covers approximately 16,000 hectares situated adjacent to, and due south of, both Seabridge Gold Inc.'s KSM gold-copper project and Newmont's Brucejack gold mine. See below to view the Crown Property location and concession map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/261450_3c383d407490b8a8_002full.jpg
Ken Konkin, P. Geo., President and CEO, comments, "We are excited to begin this geophysical phase of exploration on the Crown Project that will assist our team in prioritizing drill targets along the Orion Spine, which is located directly south of, and on trend with the extensive string of Treaty-KSM gold-copper porphyry deposits. The geophysical surveys will focus on the known zones of mineralization at Copernicus.
We expect the results of the surveys to considerably improve our geologic understanding of the project as we prepare for preliminary exploration drilling. The goal is to evaluate the underlying geology along the 1.4-kilometer trend of the Copernicus Zone to determine if a large intrusive-related target at depth may be the source for the mobilized copper-gold-silver mineralization identified on surface. The IP study will cover 3.5-kilometers of the impressive, anomalous gold-in-rock geochemical trend that extends along the north-south oriented Orion Spine. We hope that the IP will outline conductivity anomalies that may represent larger mineralized targets, as well as identify major regional structures that are known to play an important role in the geological model for the porphyry systems located on trend to the north, at KSM and at Treaty Creek.
The geophysical programs will commence in mid-August and should take a few weeks to complete. We plan to undertake 15-line-kilometres of Alpha IP™ surveys from five parallel lines, each extending approximately three kilometers in length, with a high-definition dipole spacing of 100 m. The study is estimated to test the survey area to a depth of at least 900 meters."
See below to view the Orion Spine rock geochemical gold anomalies and area of proposed geophysical surveying at Copernicus.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/261450_3c383d407490b8a8_003full.jpg
Goldstorm Metals also announces that further to the Company's news release dated June 27, 2025, the Company clarifies it raised gross proceeds of $2,088,903.64 through the issuance of: (i) 15,441,482 NFT units of the Company sold at a price of seven cents per NFT unit for gross proceeds of $1,080,903.74; and (ii) 9,999,999 flow-through units of the company sold at a price of 10.08 cents per FT unit for gross proceeds of $1,007,999.90. The Company also clarifies it paid cash commissions of $42,596.38 and issued 608,519 non-transferable finders' warrants to certain finders.
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
GOLDSTORM METALS CORP.
"Ken Konkin"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at https://goldstormmetals.com/ 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.
https://finance.yahoo.com/news/goldstorm-metals-conduct-geophysical-programs-090000381.html
Oleblue
8月前
Goldstorm Metals Initiates 2025 Exploration Program Targeting the Copernicus Zone on the Crown Property, Located in the Golden Triangle of British Columbia
Newsfile Corp.
July 8, 2025
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or "the Company") is pleased to announce that, following a review of its previous exploration programs and recent copper-gold-silver discoveries at the 100%-owned Crown Property, geological and geophysical programs will be undertaken to advance exploration on the Copernicus Zone.
The Crown Property covers approximately 16,000 hectares situated adjacent and due south of both Seabridge Gold Inc.'s KSM gold-copper project and Newmont's Brucejack gold mine. See below to view Crown Property location and concession map.
Crown Property Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/258047_b02d5462e4fc8b39_002full.jpg
Centered on the Crown Project within the Orion Concessions, the Copernicus Zone represents a high-grade copper target with associated gold and silver mineralization. Goldstorm is currently analyzing assay results from previous sampling programs on the Property, which could define drill-hole locations for an inaugural diamond drilling program.
The Company may initiate a drill program if favourable results are obtained from a detailed geophysical study, which is to be undertaken over the length of the Orion 'Spine', a six-kilometer-long, highly silicified and altered, north-south trending ridgeline that hosts various styles of mineralization. Geophysics will include detailed Magnetotelluric (MT) and Induced Polarization (IP) ground surveys to identify magnetic anomalies, chargeability highs, and co-incident resistivity lows that may be associated with mineralization.
To facilitate potential upcoming drilling on the Copernicus Zone, Goldstorm has completed the construction of several drill pads targeting the north to northwest trending, shear-hosted, massive chalcopyrite lenses that may represent mobilized metals from a deeper source within the Orion Spine.
Ken Konkin, P.Geo., President and CEO, comments: "Our technical team has done an excellent job of compiling the data from the recent discoveries along the Orion Spine. We believe that the mineral showings discovered by our reconnaissance crews over the past two years may be surficial representations of a deeper, larger mineralized zone, similar to discoveries at the KSM and Treaty Creek Au-Cu-Ag porphyry deposits located to the north.
It is theorized that metal-rich fluids may have been mobilized along high-angle reverse faults that acted as conduits for volatiles originating from intrusive bodies at depth. The silicification, alteration and oxidation observed at surface is similar to that seen associated with mineralized intrusives dispersed along the trend of the Sulphurets thrust fault to the north, which is projected to extend south through the center of the Crown Property. The geophysical surveys may help determine the best possible drill targets along the Orion Spine that potentially lie beneath the Copernicus Zone. The detailed geophysical surveys will augment previously completed reconnaissance scale surveys done in 2016."
2024 Crown Property Sampling Results
Extensive mapping and sampling programs in 2024 on the Crown Property included a total of 627 surface rock grab, chip and channel samples. On the Orion Concession, crews delineated multiple mineralized trends within volcaniclastic rocks at the Copernicus Zone, located along the upper Orion Spine. Three structures trending to the north, and one trending to the northwest, have been identified over 1,500 m of length.
Mineralization located over 500 m to the north suggests that the zone may extend under the Frank Mackie Glacier and is potentially a larger source of mineralization associated with an anomalous magnetic high. At the Cat in the Hat Zone, also on Orion, gold-bearing veins trending northeasterly within rhyolitic rocks have been discovered, extending into previously unsampled glacial ablation zones. Click to view: maps of the sampled areas on the Orion Concession and Copernicus Zone.
Sampling highlights from the Copernicus and Cat in the Hat Zones include:
Grab sample (C969903) returned 30.9 g/t gold and 42.39 g/t silver from the Cat in the Hat Zone
1.9-meter continuous chip samples (C969719 and C969720) returned 2.53 g/t gold, 54.7 g/t silver and 3.3% copper located 290 meters south of the original Copernicus showing
1.0-meter chip sample (C970612) returned 8.76 g/t gold and 7.62 g/t silver located 650 meters south of the original Copernicus showing
16 samples taken within the Copernicus Zone returned greater than 1% copper, with one sample (C969842) assaying 0.58 g/t gold, 625 g/t silver, and 6.57% copper at the original Copernicus showing
Mineralized samples were found to correlate with a magnetic high geophysical anomaly
Orion Concessions Sample Results: Click to view all Orion samples
Continued:
https://finance.yahoo.com/news/goldstorm-metals-initiates-2025-exploration-090000446.html
Oleblue
8月前
Goldstorm Metals Announces Closing of Upsized Non-Brokered Private Placement Financing for Approximately $2.1 Million, with Participation by Eric Sprott
Newsfile Corp.
June 27, 2025
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to announce the closing of the Company's previously announced non-brokered private placement (the "Offering") for gross proceeds of $2,088,973.75 through the issuance of: (i) 15,441,483 non-flow-through units of the Company (the "NFT Units") sold at a price of $0.07 per NFT Unit for gross proceeds of $1,080,903.81, and (ii) 9,999,999 flow-through units of the Company (the "FT Units") sold at a price of $0.1008 per FT Unit for gross proceeds of 1,007,999.90.
Each NFT Unit consists of one non-flow-through common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each FT Unit consists of one common share of the Company and one-half of one Warrant, each of which qualifies as a "flow-through share" within the meaning of the Income Tax Act (Canada) (the "Tax Act").
Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.10 for a period of 24 months from the closing date of the Offering, provided that if the closing price of the Common Shares on any Canadian stock exchange on which the Common Shares are then listed is at a price equal to or greater than $0.20 for a period of ten (10) consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants.
Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 3,571,428 Common Shares and 1,785,714 Warrants pursuant to the Offering as a strategic investor. Mr. Sprott is an insider of the Company, and as such, his participation in the private placement is a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the shares to be purchased on behalf of Mr. Sprott nor the consideration to be paid by him exceeds 25% of the Company's market capitalization.
The net proceeds received from the sale of the NFT Units will be used for working capital and general corporate purposes.
The gross proceeds from the issue and sale of the FT Units will be used to incur Canadian exploration expenses as defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Tax Act that will also qualify as: (a) "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act; and (b) "BC flow-through mining expenditures" as defined in subsection 4.721(1) of the Income Tax Act (British Columbia) (the "Qualifying Expenditures"). The Qualifying Expenditures will be incurred on or before December 31, 2026 and renounced with an effective date no later than December 31, 2025 to the purchasers of FT Units. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each FT Unit subscriber for any additional taxes payable by such subscriber as a consequence of such reduction.
In connection with the Offering, the Company paid cash commissions of $45,746.44 to certain finders and issued 651,377 non-transferable finder's warrants (the "Finder's Warrants"). Each Finder's Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.1008 per Common Share for a period of 24 months from the date of issuance.
The Offering remains subject to final acceptance from the TSX Venture Exchange. All securities issued pursuant to the Offering are subject to a hold period expiring on October 27, 2025, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.
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 approximately 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
GOLDSTORM METALS CORP.
"Ken Konkin"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at https://goldstormmetals.com/or contact:
Chris Curran
VP of Investor Relations and Corporate Development
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
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements including, without limitation, statements relating to the anticipated use of proceeds from the Offering and receipt of regulatory approvals with respect to the Offering, as well as any other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the Company will use the proceeds of the Offering as anticipated, and that the Company will receive regulatory approval with respect to the Offering. Important factors that could cause actual results to differ materially from the Company's plans or expectations including that the Company will not use the proceeds of the Offering as anticipated, that the Company will not receive regulatory approval with respect to the Offering and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. There can be no assurance that the forward-looking 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. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that is incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257060
https://finance.yahoo.com/news/goldstorm-metals-announces-closing-upsized-130700413.html
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