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: tungsten
CRL identifies new mineralisation at Redmoor
Cornwall Resources Ltd has identified four new zones of “potentially economic” tungsten-tin-copper mineralisation within the Redmoor deposit and outside of the mineral resource estimate. TARGETS The company also delineated newly identified mineralised structures as well as signing a new mineral rights agreement. Assay results are from the first samples of 194 new drillcore across three […]
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 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 renamed as Guardian Metal
Golden Metal Resources plc has officially changed its name to Guardian Metal Resources plc. The new name reflects the company’s “strategic metals” projects including Pilot Mountain tungsten and Garfield copper, aimed at the US defence, industrial and energy sectors. On 28 June, the company was upgraded from the OTCQB market to the OTCQX market in […]
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 […]