Golden Metal Resources plc has received drilling permits for 40 individual sites on its flagship Pilot Mountain tungsten project within the Walker Lake mineral belt, Nevada. STUDY Approval from the local Bureau of Land Management includes two permits for Good Hope, four at Desert Scheelite Parallel West and one at Porphyry South. The remaining 33 […]
Tag: Golden Metal Resources plc
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 […]
Golden Metal investor increases holding to 4.77%
Golden Metal Resources plc investor The Mega Group has increased its holding after exercising warrants over 1,470,588 new ordinary shares for £158,088.21. The exercise was over ordinary shares of 1 pence each in the company at a price of 10.75p per warrant share. Following admission, Golden Metal’s issued share capital will comprise 92,520,308 ordinary shares of 1p each, with […]
Golden Metal prepares first Pilot drill
Golden Metal Resources plc is preparing to start its inaugural drill programme, pending permits, on its 100% owned Pilot Mountain project in Nevada, USA. SIGNIFICANT The company’s recent fundraise of £750,000 will go towards drilling multiple previously untested targets, including Porphyry South, as well as investigation of copper potential. Finalisation of a contract with a Nevada-based drilling contractor is […]
Golden Metal raises £750,000 from Purebond
Golden Metal Resources plc has raised £750,000 through a direct subscription from Purebond Ltd. USES The company issued 5 million new ordinary shares of 1.0p each, representing 5.5% of the enlarged issued share capital of the company, at an issue price of 15p per share. The subscription price is a premium of 5.3% to the […]
Golden Metal finds strong mineralisation at Kibby
Golden Metal Resources plc’s technical review encountered “strong” lithium mineralisation in brines and clays at its Kibby North and Kibby South properties in Nevada, USA. TARGET CONDUCTOR The findings come from historical datasets as well as liaison with multiple groups who conducted work on the nearby third-party held lithium claims. Lithium mineralisation was encountered in Marquee drillhole […]