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 […]
Tag: tungsten
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 […]
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, […]
Golden Metal starts 2,000m drilling on Pilot
Golden Metal Resources plc has begun 2,000m diamond drilling on its 100% owned flagship Pilot Mountain tungsten project in Nevada, USA. HIGH IMPACT The phase I campaign focuses on strategic resource expansion at the main Desert Scheelite zone, which hosts the “largest known tungsten resource on American soil”. Drilling will also explore brownfield targets by searching known or […]