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 […]
Tag: tungsten
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 […]
Golden Metal begins largest geophysics
Golden Metal Resources plc has started its largest geophysics programme to date before drill targeting at the Garfield copper-gold-silver and Pilot Mountain tungsten-garnet projects in Nevada, USA. STRATEGY In May, the company confirmed new anomalies at Garfield and expanded the licensed area while also beginning a 2,000-metre drilling campaign in the Desert Scheelite zone at Pilot. Golden […]
Golden Metal raises £500,000 via subscription
Golden Metal Resources plc has raised £506,250 via a direct and premium priced subscription by Purebond Ltd. The subscription in the company is Purebond‘s second this year and takes the total invested so far to approximately £1.26 million and total ownership to 6.65%. Golden Metal issued 2,250,000 new ordinary shares of 1.0p each representing 2.06% of […]