Phase 2 Drill Program Completed at Green Monster Project in Nevada. Visual Evaluation Confirm Considerable Fracturing and Alteration in the Rock
Rhea-AI Summary
Glenstar (OTCQB: GSTRF) completed its Phase 2 drill program at the Green Monster Project, Nevada, comprising six RC holes totalling 3,320 feet from three drill pads.
Preliminary visual logging found 3 of 6 holes with abundant fracturing, clay alteration and orange-red oxides; samples were sent to ALS Vancouver for assay. Phase 1 previously returned a very high-grade zinc occurrence reported at >30% Zn and significant silver, nickel, cobalt and copper intercepts around 131–142 m depth.
Positive
- Phase 2 drilling completed: 3,320 feet over six holes
- Visual alteration: 3 of 6 holes with strong fracturing and oxides
- Samples dispatched to ALS Vancouver for formal assays
Negative
- Final assay results are pending, leaving key grades unconfirmed
- Two holes displayed unremarkable visual characteristics, reducing immediate hit rate
News Market Reaction
On the day this news was published, GSTRF declined 1.57%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Glenstar Minerals Inc. (CSE: GSTR) (OTCQB: GSTRF) (FSE: VO20) ("Glenstar" or the "Company") announces that the Phase 2 drill program at the Company's Green Monster Project in Nevada has been completed, and all of the extracted rock was prepared and bagged and sent to ALS Chemex in Vancouver, B.C. for assay analysis.
The final plan for the Phase 2 program consisted of six (6) holes at various depths from 500 feet to 585 feet, and angles from vertical to 65 degrees. A track mounted reverse circulation drill was utilized for this second round of drilling, and preliminary observations by project geologist Bob Marvin in the field indicate that three of the six holes drilled contained highly fractured rock with abundant clay alteration and brightly coloured orange and red oxide minerals and decalcification.
This Phase 2 drill program was comprised of 3,320 feet over six (6) holes which were collared at three (3) drill pads. Three (3) holes were drilled at the site of the blind "Discovery Hole" that was encountered in the Phase 1 drill program that was conducted in May 2025 (see news release dated May 28, 2025); two (2) of these holes are considered to be of significant interest while the third hole did not exhibit the same level of fracturing and alteration, but is thought to be of interest nevertheless. One hole was collared approximately 90 meters to the southwest of the Discovery Hole and the rock recovered from this hole also indicate substantial fracturing and alteration of the rock with abundant clay alteration and bright orange and red oxide minerals. This hole is also considered to be of significant interest. Visual inspection of the rock from two holes drilled at the initial area of interest are considered to be unremarkable.
Glenstar Geologist Bob Marvin stated, "We are extremely pleased with the initial visual evaluation of the six holes drilled during Phase 2 of our ongoing drill plan. The fact that three of the six holes drilled showed significant alteration and fracturing, and a fourth hole with good potential as well, continues to support Glenstar's belief that the polymetallic zone we're drilling could represent a significant discovery. Only assays and time will tell."
The Phase 1 drill program, which was conducted in May 2025 (see news release dated July 16, 2025) encountered a new mineralized zone that is approximately 10 metres (32 feet) wide and is centered on a very high-grade zinc occurrence that is >
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.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283373
FAQ
What did Glenstar (GSTRF) complete at Green Monster on February 10, 2026?
How many Phase 2 holes at Green Monster showed significant alteration for GSTRF?
When will Glenstar (GSTRF) release assays from the Phase 2 Green Monster program?
What were the notable Phase 1 assay highlights referenced by Glenstar (GSTRF)?
What investor implications does Glenstar (GSTRF) cite from the Phase 2 visual results?
