Golden Metal Resources plc reported strong copper mineralisation from geological mapping at its Garfield project within the Walker Lane mineral belt, Nevada.
EVIDENCE
The findings follow identification in September of the potential for large scale porphyry and skarn-type copper mineralisation on two anomalies.
Additional focused prospecting and geological mapping over the High-Grade zone showed “strong skarn-type copper mineralisation and alteration near the northeastern area within extensive outcrops of Luning Formation limestones”.
Golden Metal said that the skarn-type zone extended across many sample sites and coincided with an “abundance of historical trenches, adits and prospect digs” indicating historical mining-related activities.
The company collected 37 samples, more than originally planned due to the consistency and intensity of alteration and copper mineralisation within High-Grade.
“The more work we do at Garfield the better and better the project continues to look,” added chief executive Oliver Friesen.
“With prospecting and geological mapping now complete, we see strong evidence supporting the presence of both porphyry and skarn-type mineralisation and alteration, as well as the presence of various granitoid intrusions which could be the causative porphyry intrusions driving the copper-rich mineralisation and fluid flow across the entire project.”