Lodestar Metals Acquires Black Diamond Mining Patent Renowned for Historical Mining of High Grade Silver at Gold Run Project, Nevada
Vancouver, British Columbia–(Newsfile Corp. – April 16, 2026) – Lodestar Metals Corp. (TSXV: LSTR) (OTC PINK: SVTNF) (FSE: PR90) (“Lodestar” or the “Company“) a junior exploration company focused on unlocking world-class gold potential in Nevada, is pleased to announce the acquisition of an important mining patent on its flagship Gold Run project.
“The purchase agreement on the Black Diamond patent is another important step forward for Lodestar,” said Lowell Kamin, President & CEO of Lodestar Metals. “Research into the mining history at Black Diamond and recent fieldwork have elevated the potential of this exciting prospect area and given us more flexibility to drill and unlock its value.”
Figure 1: Gridded silver-in-soil image showing rock assays for silver (ppm) clearly demonstrating extensive silver mineralisation over at least 550 metres strike
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Black Diamond Mining Patent
A privately-owned mineral patent (the “Black Diamond Patent” or the “Patent”), measuring 600m by 80m, partially covers the northern portion of the Independence Trend, one of Lodestar’s highest-priority drill target areas (Figure 1). The Patent covers much of the Black Diamond structure, where historical records document high-grade silver mineralization that was historically mined. Under the 1872 Mining Act, surface and mineral rights on unpatented mining claims with established mineral potential could be transferred to private ownership, creating a patented mining claim. Lodestar executed a lease-and-purchase agreement for the Black Diamond Patent for the consideration set forth below. This is a significant opportunity for Lodestar, given that the Patent has been held for over 100 years and has never been drilled.
Previous work over the Black Diamond Patent has shown compelling evidence to support the validity of the target area for future exploration efforts:
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Extensive historical rock chip sampling, as well as that by Lodestar in 2024, demonstrates that silver mineralisation at surface ranges from 20 g/t and up to 3,307 g/t over at least 550 metres of strike (Figure 1) (see NI 43-101 Technical Report on the Gold Run property, May 12, 2025).
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Soil sampling by Lodestar shows a high tenor silver-in-soil anomaly over the Black Diamond Patent over the same 550m strike with soil values over 1 g/t silver and up to 33 g/t silver (see News Release Oct 28, 2025).
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Historical DDIP work indicates at least one strong, untested chargeability anomaly along the western edge of the Black Diamond Patent (Figure 2), which is a target for the current round of drilling (see News Release Dec 2, 2025).
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New DDIP work by Lodestar Metals showed a second DDIP anomaly with depth extent down to 200m (Figure 2) along the western edge of the Patent area, further supporting the validity of the prospect area (see News Release March 10, 2026).
