Lodestar Metals' Goldrun Project: A High-Grade Gold and Silver Discovery Engine in Nevada

In the arid heart of Nevada's Getchell Gold Trend, where the earth's crust has long concealed its metallic treasures, Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) is rewriting the playbook of exploration. The company's Goldrun Project, a 10,000-hectare landholding in Humboldt County, has emerged as a compelling case study in how historical data, modern geophysics, and disciplined capital allocation can unlock high-grade gold and silver systems. With five newly identified, undrilled induced polarization (IP) targets and a legacy of exceptional drill results, Goldrun is not just a project—it's a discovery engine.

Strategic Exploration: Bridging the Past and Present

Goldrun's allure lies in its ability to harmonize decades-old geological insights with cutting-edge technology. Since the 1960s, 15 operators have drilled over 17,800 meters on the property, uncovering intersections like Golden Predator's 2008 result of 120 ft. to 125 ft. at 11.2 g/t Au and 20 g/t Ag. Yet, these historical data points were fragmented, buried in archives. Lodestar's technical team, led by Leo Horn, has resurrected this legacy, integrating it with 3D geophysical modeling and high-resolution LiDAR to redefine the project's potential.

The recent identification of five undrilled IP targets—four at the Gomes Prospect and one along the 650-meter Independence Trend—demonstrates the power of this approach. Chargeability anomalies (up to 20 PFE1) at Gomes and Independence are not mere geological curiosities; they are spatially aligned with historical high-grade zones. For instance, the GAD-04 intersection of 13.7 meters at 1.3 g/t Au (including 1.5 meters at 5.1 g/t Au) and a silver-rich 19.8 meters at 26 g/t Ag (peaking at 100 g/t Ag) suggests that these anomalies could host epithermal-style mineralization. Meanwhile, the Independence Trend's 650-meter strike length, supported by intersections like HH-22 (10.7 meters at 218 g/t Ag and 1.2 g/t Au), hints at a larger, interconnected system.

Capital Efficiency and Discovery Potential

Lodestar's exploration strategy is a masterclass in capital discipline. Rather than speculative drilling, the company has prioritized cost-effective methods: a 395-sample soil geochemistry survey, a high-resolution ground magnetic survey (set for September 2025), and the integration of LiDAR data to refine structural models. These steps are not just prudent—they are transformative. The soil survey, conducted on a 100m x 100m grid, is already revealing anomalous gold and silver values, including surface samples grading up to 3,307 g/t Ag. Such results validate the geophysical targets and reduce the risk of drilling in unproven areas.

The company's phased approach—starting with geophysics and soil surveys, followed by offset drilling on known zones, and culminating in deep Carlin-style testing—mirrors the methodology that has driven discoveries in Nevada's most prolific districts. This is not a gamble; it's a calculated progression. The Goldrun Project's proximity to the Battle Mountain–Eureka Trend, a corridor that has produced over 50 million ounces of gold, further amplifies its strategic value.

Investment Implications

For investors, Goldrun represents a rare intersection of geological promise and operational rigor. The project's potential to host both epithermal and Carlin-style mineralization—two of Nevada's most economically viable deposit types—positions it to attract major partners or generate standalone resource growth. Lodestar's leadership, including CEO Lowell Kamin, has emphasized a focus on shareholder value through discovery, a philosophy reflected in its lean capital structure and targeted spending.

However, the path ahead is not without challenges. While the historical data is robust, the undrilled IP targets remain unproven. The upcoming ground magnetic survey and drilling on the Gomes and Independence prospects will be critical inflection points. Investors should monitor the company's ability to convert these anomalies into drill-ready targets and, eventually, into a resource.

Conclusion: A Project with the Weight of History

Lodestar Metals' Goldrun Project is more than a collection of anomalies—it is a testament to the enduring value of Nevada's gold-silver systems. By marrying historical data with modern exploration tools, the company has created a blueprint for discovery in a district that has long defied easy solutions. For investors seeking exposure to a high-grade, capital-efficient exploration play, Goldrun offers a compelling thesis. The next phase of drilling, scheduled for late 2025, could either validate this potential or reveal the limits of the project. Either way, the story of Goldrun is far from over—and its next chapter may be the most exciting yet.