Written by Peter Kennedy
Loadstar Metals Company (LSTR-TSXV, SVTNF-OTCQB) An early-stage exploration investment window aimed at uncovering the next generation of gold and silver deposits in Nevada, one of the best areas in the world for precious metals mining.
The company recently launched the first drilling project at its flagship Gold Run project, which is located on a very promising mineral belt west of the notorious Carlin Trend, which has already produced hundreds of millions of ounces of gold. The property is located just 12 kilometers south of the Turquoise Ridge mine, part of the Nevada Gold Mines joint venture owned by… Barrick Mining Company (Apex-TSX, for-NYSE), and Newmont Company (Ngt-TSX, no-NYSE).
The 2,680-metre (16-hole) maiden drilling program is focused on targeting several high-priority gold and silver opportunities across the entire Gold Run facility.
Based on previous results, regional features and the unexplored nature of the property, the company believes the project has the potential to host a large gold system. A preliminary review indicates that at least 500,000 ounces could be identified from the areas tested to date, a scenario that provides a baseline estimate of the project’s potential. Management believes there is meaningful upside beyond this initial estimate as exploration progresses.
The move to create an NI 43-101 compliant resource estimate for the Gold Run project is part of a “Nevada Strategy” led by Lodestar President and CEO Lowell Kamin, a highly experienced capital markets professional who has helped secure financing for a group of Canadian and U.S. mining exporters. His father was a successful real estate businessman who once owned the notorious Mosport Race Track near Bowmanville, Ontario. In an interview with Resource World, Kamin said he remembers selling software at the race track when he was a young boy.
In early January, the company strengthened its board by appointing David Christie as chairman. Christie has 39 years of experience in mining exploration and finance. He currently serves as President and Chief Operating Officer Globex Mining Company (GMX-TSX, GLBXF-OTCQX, G1MN-Frankfurt), co-founder and former CEO of Orford Mining Corp., which was sold to Alamos Gold Inc. (General artificial intelligence-TSX, NYSE) in April 2024. After working for many years in cooperation with… Agnico Eagle Mines Limited (AEM-TSX, AEM-NYSE) As an exploration geologist, he became a mining equity analyst for TD Securities, Scotia Capital and Newcrest Capital. Christie said he believes Lodestar’s potential has not been fully recognized by the market and looks forward to helping efficiently guide the board and company toward achieving its goals.
The Gold Run property consists of 75 unpatented mining claims covering approximately 516 hectares. The property is located in Humboldt County, Nevada, within the Getchell Trend and near its intersection with the Battle Mountain-Eureka Trend. This historically productive area has seen extensive exploration activity dating back to the 1860s and is well placed for the discovery of significant surface-level and Carlin-style mineralization.
The project has an exploration history that includes 15 different operators completing 131 drill holes (totaling 17,823 metres) since the 1960s. In addition, 454 soil samples and 827 rock samples were collected. It is worth noting that the 2008 diamond exploration program carried out by Golden Predator Mining Corp. It has produced strong gold screening results that have been reviewed and validated by the current operator using original screening certificates. Highlights include Hole GPA0272, which returned 80-110 feet at 27.41 g/t, 83 g/t silver, including 80-95 feet at 53.1 g/t silver and 143 g/t gold.
Historical drilling results at Gold Run showed high-grade intercepts such as 18.3 meters at 4.3 g/t (including 1.5 meters at 37.8 g/t). Going forward, Lodestar’s exploration efforts will focus on identifying thermal-style gold mineralization, with the additional potential for Carlin-style mineralization. The company also sees the possibility of skarn or porphyry-style systems linked to nearby intrusive objects.
The optimism is based in part on the fact that Lodestar is the first to deploy modern exploration techniques at Gold Run. It should be noted that if Lodestar can find an economic deposit, it will have easy access to existing infrastructure and third-party processing facilities, meaning off-site processing remains an option if the company chooses not to build an on-site processing facility.
“The start of drilling at Gold Run represents a major inflection point for Lodestar,” Kamin said. “It is the culmination of months of data-driven work to identify and prioritize the most pressing targets across the property. Our technical team has built a strong foundation with strong geochemical, geophysical and historical data that all point to discovery potential. This drilling program is the next step in learning more about Gold Run and moving Lodestar forward.”
The initial phase of drilling will test four permitted drill targets identified through the integration of historical drilling results, multi-element soil geochemistry, drone magnetic surveys, and the recently completed property-wide geophysical DDIP.
Drilling targets include the Robbers Knob area where most previous exploration has been concentrated. It is characterized by widespread alteration of jadeite silica with several historic intersections including 18.3 meters of 4.3 g/t gold (including 1.5 meters of 37.8 g/t gold). Other targets include Independence, Gomez Prospect and Crown North.
Lodestar is well funded to implement this program having recently closed a non-brokered private placement by issuing 7.85 million units at 20 cents each for gross proceeds of $1.57 million.
Lodestar announced in May 2025 that it had acquired the option to acquire the Gold Run property from sellers William Matlack and Don McDowell by making cash payments of $450,000, plus milestone payments totaling $2.5 million following the completion of preliminary economic evaluations and feasibility studies. Options were granted a net royalty to the smelter of 2.0% on all minerals mined, produced or otherwise recovered from Gold Run.
On Thursday, April 23, 2026, shares traded at 12 cents in a 52-week range of 25.5 cents and $0.03, leaving Lodestar with a market cap of $6.2 million based on 51.5 million shares outstanding.
Prepared by Resource World Magazine Inc. This editorial is for general information purposes only and should not be considered a solicitation to buy or sell securities in the companies discussed here. The information provided is derived from sources believed to be reliable but cannot be guaranteed. This editorial does not take into account readers’ investment criteria, investment experience, financial situation, or financial goals of individual recipients and other concerns such as jurisdictional and/or legal restrictions that may exist for some persons. Recipients should rely on their own due diligence and seek their own professional advice before investing.
