Golden Metal expands Garfield amid ‘exploration rush’

Golden Metal Resources plc has expanded its Garfield project in Nevada to investigate further a possible buried copper porphyry system.

HISTORICAL

The company staked an additional 44 claims over 3.68km_² (900 acres) which cover additional copper anomalies and take the overall project to 9.18km_² (2,268 acres).

The expansion follows the company’s confirmation earlier this month of two “highly prospective” buried magnetic anomalies and detection in April of three “magnetic high anomalies close to surface mineralisation”.

Golden Metal said it aimed to address the “growing evidence” of a possible buried copper porphyry system at Garfield and in the wake of an “exploration rush” in western United States for new copper porphyry discoveries.

The staked ground covers an additional magnetic geophysical high target, partially imaged during the previously completed ground magnetic survey.

The new claims also cover a combined total of 25 historical data points including historical mine shafts, prospect pits and adits, most of which are classified as copper plus or minus gold, silver and uranium targets.

“Field prospecting of the newly acquired ground has confirmed the potential for extensive copper mineralisation across a wide area based on outcropping visual copper mineralisation,” said Golden Metal.

Eight confirmatory rock samples have been submitted for assay testing.

Chief executive Oliver Friesen, who was recently on a site visit, added: “To see the size and scale of the copper mineralisation evident at surface within the newly staked ground and, more importantly across the entire Garfield footprint, was very exciting.

“I also visited multiple strongly copper mineralised sites proximal and near to the buried magnetic targets identified and announced last week, which has further enhanced our excitement about those particular porphyry targets.

“We are in the process of finalising next steps to explore for a buried copper porphyry at Garfield.”