Glenstar Hires Alloy Drilling for Phase 2 Drill Program at Green Monster Project
Rhea-AI Summary
Glenstar Minerals (OTCQB: GSTRF) hired Alloy Drilling to run a Phase 2 reverse-circulation (RC) drill program at the Green Monster Project, Nevada. The plan calls for nine holes across four locations covering ~300 metres of strike; Alloy will mobilize in mid-December and the program is expected to finish before the Christmas holiday.
Drill locations will be finalized after receipt of a Hybrid-Source AMT (HSAMT) report from Hasbrouck Geophysics based on a mid-November survey. The company also extended its Altura Media engagement for CDN$250,000 for marketing and investor awareness services. The Green Monster property comprises ~35 federal claims (~700 acres); prior channel sampling returned 1.18 m of 3.77% Cu, 3.06% Ni, 0.21% Co, 6.83% Zn.
Positive
- Phase 2 RC program: 9 holes over ~300 m strike
- Alloy Drilling contracted and will mobilize mid-December
- HSAMT survey to refine hole locations and depths
Negative
- No Phase 2 drill assays yet; discovery potential remains unproven
News Market Reaction
On the day this news was published, GSTRF declined 5.00%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
No peers with momentum or same-day headlines were flagged, so the stock’s move of 26.76% appears company-specific rather than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 02 | Phase 2 drilling | Positive | -5.0% | Alloy Drilling hired to run nine-hole Phase 2 RC program at Green Monster. |
| Nov 26 | Conference attendance | Positive | -10.9% | Company presenting Green Monster and Wildhorse updates at industry meeting. |
| Nov 24 | Drill permit granted | Positive | -0.1% | BLM permit received for nine Phase 2 drill holes at Green Monster. |
| Nov 19 | Trenching program | Positive | +5.0% | Trenching at Wildhorse’s Coca Cola Zone following strong copper and metal samples. |
| Nov 12 | Geophysical survey | Positive | -7.3% | Start of HSAMT geophysical survey over Green Monster target area. |
Recent Glenstar news has mostly been operationally positive but followed by flat-to-negative 24h price reactions, with only one clear positive alignment.
Over the past month, Glenstar has focused on advancing its Nevada projects. At Green Monster, it began an HSAMT survey on Nov 12, then secured a BLM drill permit for nine holes on Nov 24. It also prepared trenching at Wildhorse and attended an industry meeting in late November. Today’s announcement, hiring Alloy Drilling to execute the Phase 2 RC program at Green Monster, continues this sequence from survey to permitting to active drilling.
Market Pulse Summary
The stock moved -5.0% in the session following this news. A negative reaction despite operational progress would fit recent patterns where positive exploration milestones, including permits and survey work, were followed by weak price responses. Investors may have focused on execution risk or spending commitments like the CDN$250,000 Altura marketing extension. With the stock trading below its 200-day MA, sentiment has been fragile, so setbacks in drilling timelines or disappointing assay outcomes could have amplified a downside move.
Key Terms
reverse circulation drill technical
hybrid-source audio-magnetotellurics survey technical
electromagnetic technical
geophysical technical
NI 43-101 regulatory
AI-generated analysis. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Glenstar Minerals Inc. (CSE: GSTR) (OTCQB: GSTRF) (FSE: VO20) ("Glenstar" or the "Company") announces that, further to the Company's news release of November 24th regarding the granting of a permit by the Bureau of Land Management (the "BLM") to conduct the Phase 2 drill program at its Green Monster Project in southwestern Nevada, Glenstar has hired Alloy Drilling ("Alloy") of Elko, Nevada to conduct the drill program.
Alloy will utilize a track mounted reverse circulation drill to execute the Company's plan to drill nine (9) holes over four (4) locations on the property, which will be comprised of approximately 300 metres of strike length exploration. As currently planned, Glenstar will collar two (2) holes in the area of the primary drilling undertaken in the Phase 1 drill program; three (3) holes will focus on the area that is considered the "discovery" zone 150 metres to the west of the primary Phase 1 drill site, and two (2) holes each at two (2) sites will be situated further west along what is believed to be the mineralized east-west trending belt (see news release dated November 24, 2025).
Determination of each drill hole location in Phase 2 will be finalized in consultation with Hasbrouck Geophysics, Inc. ("Hasbrouck") upon the provision of their report relating to the Hybrid-Source Audio-Magnetotellurics Survey (the "HSAMT" or "Survey") that was conducted in mid November. The survey data was acquired at intervals of 50 metres along 13 lines over the greater target zone and the final report will detail the methodology, data acquisition, processing, modeling, and interpretation of the data (see news release dated October 29, 2025). The HSAMT is an electromagnetic geophysical method that combines naturally occurring electromagnetic field measurements with signals from a portable, controlled-source transmitter. This information will significantly aid in determining exact drill hole location, angle, and depth in order to maximize the potential for discovering additional high-grade mineralization.
Glenstar CEO, Dave Ryan, stated, "The Company is very much looking forward to getting the results of the HSAMT survey, which will be incorporated into our process of determining the final drill location plan. Alloy Drilling will mobilize their equipment to the property in mid December, and the program is expected to be completed before the Christmas holiday."
The Company also announces that it has extended the engagement with Altura Media Co Inc. (see news release dated August 13, 2025) for an additional CDN
Project Background & Recent Exploration Work
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. Until the recent drill program in May of 2025, no drilling was ever conducted on the property, but the Company's previous identification of robust nickel-copper with anomalous cobalt from sampling work done in 2022 indicated that several targets were ideal for shallow RC drilling (see news releases dated May 28, 2025, and July 16, 2025).
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
About Glenstar Minerals 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 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 "VO20", and on the Over-the-Counter market (OTCQB) in the United States under the symbol "GSTRF".
Robert Marvin, P.Geo (ONT) is the qualified person as defined by National Instrument 43-101 and is the independent consulting geologist for Glenstar Minerals Inc., who has examined the Green Monster and Wildhorse properties on the ground numerous times since 2022 and 2024 respectively. All fieldwork relating to geologic observations and sampling as reported herein, has been directly overseen by Mr. Marvin who supervised the preparation of, and has reviewed and approved, the technical information in this release.
ON BEHALF OF THE BOARD
"David Ryan"
President & CEO
Further information regarding the Company can be found on SEDAR+ at www.sedarplus.ca, by visiting the Company's website at 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.
Cautionary Statement Regarding Forward-Looking Information Certain information contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward- looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of any Offering, the use of proceeds of the Offering and any statements regarding the Company's business plans, expectations and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information.
Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Mineral exploration is subject to risks and uncertainties and there is no assurance that any potential results or findings that may be suggested in this press release will ultimately happen. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company's profile and on the Company's website. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276589
FAQ
When will Glenstar (GSTRF) begin the Phase 2 drilling at Green Monster?
How many holes and what strike length is planned for Glenstar's GSTRF Phase 2 program?
What is the role of the HSAMT survey in Glenstar's (GSTRF) Phase 2 drilling?
How much did Glenstar (GSTRF) commit to extend its Altura Media engagement?
What size and prior sampling results does the Green Monster property have for Glenstar (GSTRF)?
