Golden Metal Resources plc’s technical review showed industrial garnet comprised some 40% of the mineralised intervals across the known deposit areas at its Pilot Mountain project in Nevada. SPECIALIST The intervals are across the known deposit areas of Desert Scheelite and Garnet at the project within the Walker Lake mineral belt. The company said that based […]
Tag: Golden Metal Resources plc
Golden Metal marks bonanza silver grades at Garfield
Golden Metal Resources plc reported bonanza silver grades and a magnetic bullseye anomaly overlapped by a uranium target at Garfield in Nevada, USA. NEW-STYLE DEPOSIT Assay analysis, from geological mapping and rock sampling at the project within the Walker Lane mineral belt, confirm silver grades of up to 1,225g/t silver, including 18.35g/t silver and 1.89% copper. The […]
Golden Metal outlines gold-silver-copper discovery
Golden Metal Resources plc has outlined a fresh high grade gold, silver and copper bedrock discovery on new claims at the Garfield project within the Walker Lane mineral belt in Nevada. PAMLICO The additional 26 claims, named the Pamlico gold zone, lie predominantly southeast and northeast of the High Grade zone, considered the “most compelling” target area […]
Golden Metal grants 3.9m share options
Golden Metal Resources plc has granted options over 3.9 million new ordinary shares of 1 pence each in the company to certain directors, employees and advisors. The options, representing 4.6% of the existing issued share capital of the company, allow subscription for new ordinary shares at an exercise price of 14p, with an immediate vesting period. The expiry […]
Golden Metal assays increase Garfield potential
Golden Metal Resources plc reported greater than expected copper-silver-gold mineralisation from overlimit assay testing at Garfield within the Walker Lane mineral belt in Nevada. SIGNIFICANT Following last week’s preliminary results from ground exploration, overlimit samples were reanalysed using higher-grade threshold assay methods. Results of 11 of 32 samples returned greater than 1% calculated copper equivalent (CuEq) including 23.92% CuEq (2.37% Cu, […]
Golden Metal CEO buys 80,000 shares
Golden Metal Resources plc chief executive officer Oliver Friesen bought 80,000 on-market shares in the company at a price per share of 9.35p. The £7,480 purchase, on 11 December 2023, takes Mr Friesen’s beneficial interest to 673,967 shares, representing 0.79% of the company’s issued shared capital.