Lodestar Metals Reports Bulk-Tonnage Gold-Silver Potential at the Gold Run Project in Nevada

Early drill results show promise, but no resource or economic case is established yet.

Risk flags

• ●There is no resource estimate, preliminary economic assessment, or financial data, making it impossible to assess whether the project has commercial potential or how long it might take to reach that stage. This matters because investors have no basis for valuing the asset or projecting returns.
• ●The announcement relies heavily on forward-looking statements about potential scale and upside, but provides no quantitative evidence for 'strong bulk-tonnage potential' or 'clear expansion potential.' This hype-to-evidence gap increases the risk that expectations are being set without substantiation.
• ●All disclosed results are from early-stage exploration, with assays pending for two-thirds of the program. The absence of economic studies or development plans means there is significant execution risk before any value can be realized, including geological, permitting, and funding hurdles.

Bottom line

Lodestar Metals Corp.'s update provides credible technical evidence of gold-silver mineralisation at Gold Run, but stops short of establishing any resource or economic value. The company’s language is optimistic and positions these results as a foundation for future growth, yet the absence of resource estimates or financial disclosures means there is no basis for investment valuation or near-term catalysts. The heavy reliance on forward-looking statements and speculative language, without supporting data, elevates the risk profile. Investors should treat this as an early-stage technical milestone, not a commercial breakthrough. To change this assessment, the company would need to deliver a compliant resource estimate or economic study. The most important takeaway is that while the drilling results are promising, the project remains at a speculative, pre-resource stage with all associated risks.

Announcement summary

(TSXV: LSTR) (OTCQB: SVTNF) Lodestar Metals Corp., an exploration company, reports assay results from the first six reverse-circulation ("RC") holes of its maiden 2,680m drill program at the flagship Gold Run project in Nevada. The initial 1,143 m of drilling at the Robbers Knob target identified multiple gold-silver mineralisation styles and strong bulk-tonnage potential, with highlights including 16.8 m grading 6.07 g/t Au and 41.1 g/t Ag in LSRC04, and 70.1 m grading 0.54 g/t Au and 6.7 g/t Ag in LSRC03. Assays are pending for 12 additional RC holes totaling 1,537 m across three priority targets: Gomes, Black Diamond, and Crown North. The maiden RC drill program tested four high-priority gold-silver targets across Gold Run and comprised 18 holes totaling 2,680 m. Sampling procedures included collecting samples at 5 ft (1.52 m) intervals, with QA/QC protocols of approximately 3 blank samples, 2 standard samples, and 3 field duplicates per 100 samples. The company projects follow-up drilling is expected to test the scale and continuity of deeper mineralisation and believes this program marks an important step in defining the broader scale potential of the Gold Run project. All QA/QC samples were within expected tolerances, and final analytical results were reported in certified laboratory assay certificates provided to the Company's management and technical team.

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