Guardian Metal Resources plc is finalising drilling holes after geophysics surveys highlighted more anomalies at the Pilot Mountain tungsten and Garfield copper projects in Nevada, USA.
APPLICATIONS
Ground magnetic and high-resolution induced polarisation surveys at Pilot delineated a magnetic anomaly, approximately 1 km x 1 km, at the Porphyry West target which remains open to the west and south.
An extended ground magnetic survey grid east of Porphyry South resulted in the anomaly measuring 1.2 km by 0.5 km and remaining open to the west.
The target further increases to 1.5 km by 1.2 km with the inclusion of the porphyry-style alteration and mineralisation mapped at surface by Dr Lawrence Carter, which extends to both the south and west.
3D inversion modelling of magnetic data at Garfield highlighted two “large deep seated” intrusive/magnetic bodies at the High-Grade and Power Line zones.
Guardian said that these vertically extending over 800m and appeared to continue below the depth of the ground magnetic survey’s investigation.
IP results highlighted “multiple chargeability and resistivity anomalies” adjacent to and coincident with the magnetic inversion shells.
The company added that these were indicative of porphyry and skarn-type mineralisation at the High-Grade and Power Line zones.
Guardian has more than £4 million for accelerated drilling of the targets.
“For both Pilot Mountain and Garfield the number and scale of significant porphyry targets is increasing materially, highlighting the potential for new discoveries at both projects,” said chief executive Oliver Friesen said.
“We are now finalising all planned drill hole locations to test the new porphyry targets at Pilot Mountain and at Garfield notice level permit applications/amendments will be submitted shortly.”