Golden Metal Resources plc has started its largest geophysics programme to date before drill targeting at the Garfield copper-gold-silver and Pilot Mountain tungsten-garnet projects in Nevada, USA. STRATEGY In May, the company confirmed new anomalies at Garfield and expanded the licensed area while also beginning a 2,000-metre drilling campaign in the Desert Scheelite zone at Pilot. Golden […]
Tag: Golden Metal Resources plc
Golden Metal raises £500,000 via subscription
Golden Metal Resources plc has raised £506,250 via a direct and premium priced subscription by Purebond Ltd. The subscription in the company is Purebond‘s second this year and takes the total invested so far to approximately £1.26 million and total ownership to 6.65%. Golden Metal issued 2,250,000 new ordinary shares of 1.0p each representing 2.06% of […]
Golden Metal plans for Desert Scheelite PFS
Golden Metal Resources plc appointed a consortium to plan for the preliminary feasibility study on the Desert Scheelite deposit at the Pilot Mountain tungsten project in Nevada. PERMITS Bara Consulting Ltd will work with and lead Snowden Mining Industry Consultants Ptd Ltd and Bomenco Minerals Engineering Corp to evaluate existing technical information and provide a plan of actions, […]
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 3.68km2 (900 acres) which cover additional copper anomalies and take the overall project to 9.18km2 (2,268 acres). The expansion follows the company’s confirmation earlier this month of […]
Golden Metal confirms new Garfield anomalies
Golden Metal Resources plc said it had confirmed two “highly prospective” buried magnetic anomalies at its Garfield copper project in Nevada, USA. SIZE The findings are from the inversion modelling of the magnetic geophysics survey data and follow last month‘s identification of potential porphyry targets. The first is at High-Grade zone, where two “discrete magnetic […]
Golden Metal receives £186,000 via warrant exercise
Golden Metal Resources plc received notices to exercise warrants over 1,727,630 new ordinary shares of 1 pence each in the company at an exercise price of 10.75p per warrant share, for £185,720.22. Following admission, the company’s issued share capital will comprise 106,777,165 ordinary shares of 1p each with voting rights. The exercise was prior to the end of […]