Golden Metal detects large magnetic anomalies at Garfield

Golden Metal Resources plc has detected three magnetic high anomalies close to surface mineralisation at Garfield in Nevada.

3D MODEL

A completed ground magnetic geophysics survey identified the “significant” anomalies coincident with the project’s Power Line and High-Grade zones target areas.

The findings follow previous rock and soil sampling fieldwork confirming porphyry and epithermal style mineralisation.

Two of the three anomalies, measuring 550m x 350m and 500m x 250m respectively, lie within the main target of High-Grade zone.

The third, of 600m x 300m, is within the southwestern part of the Power Line zone.

Golden Metal said that all three directly underlie the strongest parts of the copper-in-soil anomalies identified during a recently completed geochemical survey.

The anomalies are also coincident with strong copper-gold-silver-in-rock results.

Analysis indicates that the anomalies were “likely related to large buried magnetic bodies at depth”.

The findings also support Golden Metal’s belief that the copper-gold-silver mineralisation found at surface within the two zones is related to a buried copper porphyry system(s).

The company has requested three dimensional (3D) inversions of the magnetic dataset to provide a 3D model of the three targets.

Results are also expected from a ground magnetic geophysics survey across some of the main target areas at the company’s flagship Pilot Mountain tungsten project, where drill preparations are underway.