Glenstar Ventures Unlocks Green Monster's Potential with Drilling Permit

Glenstar Ventures Inc. (CSE: GSTR) (OTC: GSTRF) has received a significant boost for its Green Monster Project in southwestern Nevada, with the granting of a drilling permit. This permit allows the company to conduct a drill program on the property, covering three sites with multiple holes per site. The exact number of holes will be finalized in the coming days. The Green Monster Property, consisting of 35 federal lode claims covering approximately 700 acres in Clark County, is located about 40 miles southwest of Las Vegas.

The property's historical workings include an 80-foot main vertical shaft with raised workings dating back to the late 1800s and early 1900s. Recent channel sampling on the property revealed significant mineralization, with 3.77% Copper, 3.06% Nickel, 0.21% Cobalt, and 6.83% Zinc across 1.18 meters. The property is adjacent to the historic Green Monster Mine, which produced over two million pounds of zinc. Notably, no previous drilling has been conducted on Glenstar's project, and the company's 2022 sampling work identified substantial nickel-copper deposits with anomalous cobalt.



Glenstar Ventures CEO Dave Ryan stated, "This is a significant milestone for Glenstar and our shareholders. The Green Monster Project has the potential to become a major source of critical metals, including copper, nickel, cobalt, and zinc. With this drilling permit, we are one step closer to unlocking the full potential of this underexplored asset."

The Green Monster Property lies along a district-scale fault fracture zone, which is favorable for poly metallic veining and replacement of Paleozoic age carbonate rocks. The property's geological characteristics, combined with the historical production of zinc at the adjacent Green Monster Mine, suggest a high potential for discovering additional zinc reserves through modern exploration techniques.

Glenstar Ventures' strategy of focusing on poly metallic minerals, such as copper, nickel, cobalt, and uranium, alongside zinc, diversifies its potential revenue streams and mitigates risks associated with commodity price fluctuations. By targeting a variety of critical and strategic metals, Glenstar Ventures can hedge against any headwinds in specific commodity prices, ensuring a more stable and diversified revenue stream.

In conclusion, Glenstar Ventures' receipt of the drilling permit for the Green Monster Project marks a significant step forward in the company's exploration efforts. With the potential for discovering additional zinc reserves and the strategic focus on multiple critical metals, Glenstar Ventures is well-positioned to capitalize on the growing demand for these metals in various industries, such as space exploration, infrastructure, energy storage, and electric vehicles. As the company continues to de-risk the project through exploration and resource definition, the market may recognize the true value of the Green Monster Property, leading to an increase in Glenstar Ventures' market capitalization.