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Goldstorm Metals Starts Phase 1 Drill Program at Crown Project, British Columbia

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Goldstorm Metals (GSTM.V) has started a diamond drill program on its 100% owned Crown copper-gold-silver property, located within the "Golden Triangle" region of British Columbia, it said in a statement on Wednesday.

The company expects the Phase 1 of the program to consist of about 3,000 meters of diamond drilling and to begin with three drill holes focused on testing the Copernicus copper-gold geochemical trend. It will also drill test at the recently discovered Delta West gold-mineralized zone, with a minimum of two drill holes targeting shear hosted gold and silver mineralization, the company said.

Goldstorm Metals intends to proceed with a Phase 2 drill program totaling about 6,000 meters, after receiving "encouraging" results from the Phase 1 drilling. The miner also plans to further expand the Delta West discovery through continued prospecting, geological mapping, and sampling programs targeting multiple parallel, high-grade, gold-bearing, shear-hosted veins.

It intends to conduct prospecting, mapping and sampling programs across the Electrum, Fairweather and Delta claims, in areas that have returned high-grade gold and ultra-high-grade silver values from historical prospecting and sampling programs, the company added.

Shares of the company closed down 4.2% to C$0.1725 on Tuesday on the TSX Venture Exchange.

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