Dome Drill Targeting To Expand Known Stockwork Mineralization

VANCOUVER - Goldstorm Metals Corp. reported on the drill holes of the 2024 diamond drill exploration program completed on the Electrum gold - silver property, located within the Golden Triangle region of British Columbia, Canada.

Ken Konkin, President and CEO, said "We are extremely pleased to have safely completed our second drilling program at Electrum. We completed Phase 1 drilling at the Dome Target and then continued with Phase 2 drilling on the newly discovery LP Zone where we identified visible native gold at surface. The objective of the Dome drill targeting was to expand known stockwork mineralization that occurs throughout a topographically distinct dome-shaped knob. During our initial 2023 drill campaign, we discovered significant gold (Au) and silver (Ag) mineralization related to quartz stockwork that may be related to intrusive activity. Drill hole EL-24-17 identified a 48-meter intercept of brecciated volcanic rocks that contained pyrite-filled micro-fractures associated with quartz carbonate veinlets that returned 0.47 g/t Au with 5.00 g/t Ag over the 48m interval. This intercept suggests that the system may be centered further to the southwest of the Dome target. Our best drill hole results clearly came from the LP Zone. Our reconnaissance crews discovered fine-grained visible gold associated with narrow shear-hosted quartz-pyrite veins and surficial stockwork system. We encountered numerous elevated gold grades throughout the holes but the best gold value obtained was from EL-24-15, which yielded 7.78 g/t Au and 3.54 g/t Ag over 1.5 meters from a quartz-pyrite vein. We also encountered an independent high-grade silver-dominant polymetallic vein that returned 1,766 g/t Ag and 1.39 g/t Au over 0.45 meters in drill hole EL-24-16. This is consistent with the geological evidence of a northern trending high-grade silver system associated with lead-zinc sulphide mineralization with minor gold values. This polymetallic system appears to be intertwined with a different hydrothermal pulse of gold-silver mineralization along the same northern trend. Reconnaissance crews discovered strong gold-silver phases adjacent to strong silver-lead-zinc mineralization northwards from Electrum, throughout the Fairweather and Delta Claims, on the eastern part of the 100% owned Crown Claim Group. These precious and base-metal pulses may be explained as peripheral events to an intrusive-related (porphyry-style?) crystalline belt of rocks located immediately to the west, that may trend southwards from the Treaty Creek and KSM Deposits. Crews have also encountered significant copper-gold-silver mineralization on the eastern parts of the Crown Claim Group along the eastern flank of the Orion Spine; these are significant exploration targets that warrant further exploration."