Red Rock Resources plc has dropped three gold licence applications in Côte d’Ivoire after regulatory changes limited the number of licences to four per applicant. GUARDIAN METAL The company holds two licences covering 725.44km2 and two applications for a total 1,404.86 km2 in an area around the capital Yamoussoukro. The three abandoned applications are in […]
Tag: Guardian Metal Resources plc
Guardian outlines more magnetic anomalies at Pilot
Guardian Metal Resources plc has delineated further magnetic anomalies at its Pilot Mountain tungsten project in Nevada, USA. NORTH Inversion modelling of magnetic geophysical data over the Porphyry West target delineated a magnetic anomaly “significantly” larger than the anomaly constituting Porphyry South. The company also identified an additional significant magnetic anomaly, the North Target, in a new […]
Guardian findings at Pilot ‘exceed expectations’
Guardian Metal Resources plc said visual findings had greatly exceeded expectations from phase I diamond drilling at Pilot Mountain tungsten project in Nevada, USA. TARGETS The programme, started in May, was for an initial 2,000 metres but now in its eighteenth hole, has reached 2,396.2m. The rig will remain on site and continue drilling at the company’s […]
Guardian finalises Pilot-Garfield drill targets
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 […]
Guardian completes £2m strategic financing
Guardian Metal Resources plc has completed a strategic financing of £2,154,074.58 (US$2.75m) via a direct subscription. The company issued 7,978,054 new ordinary shares of 1.0p each, representing 6.7% of its enlarged issued share capital, at 27p per share. The subscribers will receive one warrant with every two subscription shares, totalling 3,989,027 new warrants, with an exercise […]
Guardian stakes more claims at Pilot
Guardian Metal Resources plc has staked 16 further claims at its Pilot Mountain tungsten project following indications of a “much larger” porphyry system than first expected. EXPANSION The company engaged porphyry copper deposit specialist Dr Lawrence Carter following the June discovery of the mineralised system in drill hole PM24-002 at the Nevada site. He will assess […]