Goldstorm Metals to Conduct Geophysical Programs on the Crown Property, Located in the Golden Triangle of British Columbia
Goldstorm Metals to Conduct Geophysical
Programs on the Crown Property, Located in
the Golden Triangle of British Columbia
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:
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/261450