{"url_path":"/sec/glns/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 PROPERTIES**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1375348/0001493152-26-022842-index.html","accession_number":"0001493152-26-022842","cik":"0001375348","ticker":"GLNS","issuer_name":"Golden Star Resource Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1375348/0001493152-26-022842-index.html","primary_entity_key":"0001375348","primary_entity_name":"Golden Star Resource Corp."},"word_count":737,"has_tables":true,"body_markdown":"**ITEM\n2. PROPERTIES**\n\n \n\n**Summary**\n\n** **\n\nThe\nfollowing is a description of the Company’s mineral properties. The Company holds a 100% interest on four contiguous Federal BLM\nunpatented lode mining claims in Nevada that were acquired for mineral exploration purposes, primarily in exploration for precious metals.\n\n \n\n**The\nProperty**\n\n** **\n\nThe\nfour GSR lode mining claims, named GSR 1, 2, 3 and 4, were staked on Federal BLM lands on July 9, 2012 by Kee Nez Resources, LLC, a Utah\nlimited liability company. The BLM claim numbers for\nclaims GSR 1, 2, 3 and 4 are 1076314, 1076315, 1076316 and 1076317 respectively. Each of the four claims are 20.66 acres in size for\na total of 82.64 acres.\n\n \n\nThe\nCompany acquired these unpatented claims on August 15, 2013, from Kee Nez Resources, LLC, who quitclaimed the four claims to the Company.\nThis transfer was filed and recorded with the BLM on August 23, 2013. As a result, Golden Star Resource Corp. holds a 100% interest in\nthe four claims. There are no underlying agreements or royalties.\n\n \n\nA\nMaintenance Fee or a Maintenance Fee Waiver Certification must be filed annually on or before September 1st in order to keep the claims\nvalid and is filed in advance for the upcoming assessment year. Since the Company holds less than 10 Federal unpatented lode mining claims\nit is entitled to file a Maintenance Fee Waiver Certification in lieu of paying the fee of $155 per claim. Payment of the Maintenance\nFee or filing of the Fee Waiver Certification is the responsibility of Golden Star Resource Corp. Notice of Holding of these claims is\nalso filed annually with Churchill County.\n\n \n\nAll\nrequirements have been met until the next annual due date of September 1, 2026.\n\n \n\nThere\nare no buildings, equipment or other facilities on the claims. Sources of power and water have not been investigated to date.\n\n \n\nThe\nCompany only has mineral rights by virtue of these claims. It does not hold any surface rights.\n\n \n\n**Location**\n\n \n\nThe\nGSR 1-4 unpatented lode mining claims are situated in Sections 9 and 16, T14N, R35E, MDM, in Churchill County, Nevada.\n\n \n\nThe\nproperty is located 98 air miles southeast of Reno, NV and 48 air miles southeast of Fallon, NV. The property can be accessed from Fallon\nby heading east on US Hwy 50 for 46 miles and then heading south on NV 361 for 15 miles. This paved highway cuts across the southeast\ncorner of the claim group (see Fig 2).\n\n \n\n12\n\n \n\n \n\nLocation\nMap:\n\n \n\n \n\n13\n\n \n\n \n\nClaim\nMap:\n\n \n\n \n\n14\n\n \n\n \n\n**Geology**\n\n** **\n\nThe\nGSR property lies in the Basin and Range Province near its western margin where it adjoins the northwest-southeast trending Walker Lane\nmineral belt. This boundary is about 20 miles west of the GSR property. The Basin and Range Province is a major physiographic region\nof the western US, centered on Nevada and western Utah, typified by north-northeast trending mountain ranges separated by broad flat\nalluvium filled valleys. Gold and silver mineralization is known to occur in many parts of this Province.\n\n \n\nIn\nthe vicinity of the GSR property there are numerous historical small mine workings in the surrounding mountain ranges, an active exploration\nproject at Bell Mt. 8 miles to the northwest and several past producing large gold mines, such as Paradise Peak 25 miles to the southeast\nand Rawhide 25 miles to the west.\n\n \n\nThe\nnear-surface rocks in the area of the GSR property are a series of sub-outcropping Mesozoic Age metasedimentary rocks overlain by Tertiary\nAge rhyolitic lavas and volcanoclastics.\n\n \n\nNo\nexploration has been carried out on the property by GSR and it has not been examined by a GSR contracted professional geologist or by\nGSR’s officers or directors.\n\n \n\nDue\nto current subdued market conditions in the junior natural resource markets the Company has no plans for an exploration program until\nit has the ability to raise sufficient funds to engage in an exploration program. Such a program would likely initially entail prospecting,\ngeological mapping and rock-chip sampling. Quality Assurance and Quality Controls for sampling collection protocols will be developed\nwith the exploration program as funding allows. There would be no permitting or bonding requirements for this preliminary phase of exploration.\nPermits and bonding would be required if and when exploration advanced to a drilling or trenching phase since those activities cause\nsurface disturbance.\n\n \n\nThe\nproperty is currently without any known reserves and any program to be proposed in the future would be exploratory in nature."}