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 […]
Tag: Pilot Mountain – Nevada – USA
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 […]
Guardian strengthens management team
Guardian Metal Resources plc has appointed R Michael Jones as strategic advisor and Jeff Snyder as operations manager, with immediate effect. Mr Jones, currently chief executive officer of Next Step Power Corporation, was most recently CEO and president of Los Andes Copper Ltd. In the early 2000s, he co-founded and was CEO at Platinum Group Metals Ltd […]
Guardian to test Pilot Mountain garnet
Guardian Metal Resources plc has commissioned bulk sampling of garnet for testing from its Pilot Mountain tungsten project within the Walker Lake mineral belt in Nevada, USA. ECONOMICS A technical review earlier this year showed that industrial garnet comprised some 40% of the mineralised intervals across the Desert Scheelite and Garnet deposit areas. The bulk […]
Golden Metal positive on Pilot visual drill results
Golden Metal plc reported “very exciting visual results” from the first two drillholes at its Pilot Mountain 2,000 metre drill campaign. MINERALISATION Operations at the Nevada tungsten project began in May with the first two holes completed for a combined 547.6m with assay results pending. Drillhole PM24-001 near the central portion of the Desert Scheelite […]
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, […]