7 October 2024
Guardian Metal Resources
plc
('Guardian Metal' or the
'Company')
Pilot Mountain, Nevada -
Significant Drill Results
Desert Scheelite: PM24-012
Intersects Outstanding Tungsten Mineralised
Intersection
Guardian Metal Resources plc
(LON:GMET, OTCQX:GMTLF), a strategic
development and mineral exploration company focused in Nevada, USA,
is very pleased to announce further drillhole assay results from
the Company's ongoing drilling campaign at its 100%
owned Pilot Mountain Project ("Pilot Mountain" or the
"Project) located within the prolific Walker Lane Mineral Belt
in Nevada, USA.
The laboratory assay results from
the first diamond drillhole were covered in the
Company's announcement on 18 September 2024 which may be viewed
through the link below:
https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-significant-drill-result/16670512
Laboratory assay results from drill core samples for the next
twelve holes (PM24-002 to 013) have confirmed:
1. An outstanding mineralised intersection in
drill hole PM24-012 at Desert Scheelite which the Company believes
will deliver a material
upgrade to the resource model within this area.
2. Confirmation of a molybdenum-rich mineralised porphyry
system at the Porphyry South target area.
3. The Desert Scheelite Parallel West Zone is
tungsten rich.
4. The balance of Desert Scheelite drillholes continue to increase
confidence for updating the existing Mineral Resource
estimate ("MRE").
The Pilot Mountain diamond drilling
programme commenced in May 2024 and to date 24 holes have been
completed for a total of 3,211 metres drilled. The 25th
drillhole is currently underway (Fig. 1).
Desert Scheelite Highlights:
§ Laboratory
assay results (Table 2) confirm diamond drillhole PM24-012 at
Desert Scheelite has intersected the best tungsten intercept ever recorded
at Pilot Mountain including 39.3m of 'very high-grade' tungsten
mineralisation.
§ The
PM24-012 downhole drill intersection comprises:
o 39.3m @ 0.735% W03
(tungsten trioxide), 39.7g/t Silver (Ag),
0.44% copper (Cu)
and 0.30% zinc (Zn) from 66
m.
- including
19.8m @ 1.219% W03,
69.6g/t Ag, 0.75% Cu and 0.15% Znfrom 82.5 m.
§ Significantly, the vast majority of the PM24-012 high grade
intercept is located within the open pit shell as envisaged in the
previous scoping level mine design and presents the opportunity to
upgrade the previous block model for this area in the planned MRE
update (Fig. 2). The Company believes this result will lead to a
material increase in the resource model within this
area.
§ PM24-012
standout extremely high-grade individual assay results include
2.90% W03
(100.8m - 102.3 downhole depth which also includes 696g/t Ag)
representing the highest ever single tungsten assay result achieved
across Pilot Mountain within any recorded drill programme to
date.
§ Following
the receipt of these outstanding assay results, the Company has
moved the drill rig back to the area of Desert Scheelite where
PM24-012 was undertaken to test for extensions of this zone in
multiple directions.
§ The
Company's CEO has scheduled a site visit commencing the end of this
week to review the PM24-012 core and to evaluate core as drilling
progresses from this new zone.
§ The
balance of Desert Scheelite drillholes continue to increase
confidence in the existing MRE. Resource upgrade and infill
represents a very important step required to enable the completion
of the Pre-Feasibility Study.
§ PM24-012
highlight interval above on a metal equivalent basis comprises
39.3m @ 3.45% CuEq (copper equivalent) and 1.02% WO3Eq
(tungsten equivalent).
The Copper
Equivalent is calculated using a tungsten price of $330/MTU, a zinc
price of US$1.4163/lb and a silver price of US$31.52/Oz. The
W03 Equivalent ("WO3Eq") is calculated using
a copper price of US4.4115/lb, a zinc price of US$1.4163/lb and a
silver price of US$31.52/Oz.
Cautionary
note: The metal equivalent calculations do not consider any
metallurgical factors and assume 100% recovery and 100% payability
of all metals, as a result the stated equivalents are provided for
illustrative purposes only.
Porphyry South Highlights:
§ Assay
results from the Company's first ever porphyry focussed drillhole
at Pilot Mountain, PM24-002 (& PM24-002A) into the Porphyry
South target, has confirmed the presence of what the Company
believes is an arc-related porphyry molybdenum (Mo)
system.
§ Arc-related porphyry molybdenum deposits are a substantial
source for molybdenum metal and may have anomalous concentrations
of tungsten. The deposits typically contain low-grade
mineralisation (0.03-0.22 % Mo) as molyb-denite, but are
large-tonnage, making them amenable to bulk mining open-pit
techniques.1
§ Mo results
for PM24-002/A directly correlate with increased vein density and
very highly anomalous Mo was intersected intermittently throughout
the entire hole including:
|
From (m)
|
To
(m)
|
Mo (ppm)
#
|
|
25
|
28
|
347
|
|
37
|
40
|
236
|
|
90.5
|
93.6
|
266
|
|
188.7
|
191.1
|
529
|
|
215.2
|
218.5
|
268
|
|
223.8
|
225.7
|
1,170
|
|
270.4
|
273.4
|
413
|
|
321.4
|
324
|
507
|
|
329.7
|
332.7
|
233
|
|
350.6
|
353.6
|
235
|
# ALS method
ME-ICP61
§ Given
recent developments regarding, 1) the delineation of the Company's
Porphyry West and North Targets2as well as, 2) the
possibility that W-Ag-Zn-Cu skarn-related zones at the Project may
be related to one large porphyry system3, the
confirmation of an Arc-related mineralised Mo porphyry system at
Porphyry South is considered significant.
§ With
results in hand the Company is working with all available data to
place this interval within the context of the overall mineralised
porphyry system(s). Notice permit amendments are awaited which
cover multiple drillholes into the various porphyry targets at
Pilot Mountain.
§ Future
drill holes are planned to investigate areas with greater quartz
vein density, which is where the potassic core associated with the
highest grades in most porphyry systems is likely to be
found.
§ In
addition to the tungsten, copper, silver, zinc and garnet potential
(currently being investigated), the confirmation of a Mo-rich
porphyry adds another metal of interest to the Project going
forward.
§ Given the
strong copper shows found at surface across the Project, as well as
within the various skarn deposits, it is believed that the
porphyry may have the potential to host a copper-rich porphyry
shell, and this hypothesis will be investigated further.
Desert Scheelite Parallel West (DSPW)
Highlights:
§ Drillhole
PM24-003, the first of two drillholes completed into the previously
untested DSPW zone, returned 3.5m @ 0.235% WO3. This
confirms that the DPSW skarn-zone (with a large surface expressions
of circa 600m by 100m) is tungsten rich, representing another
important development for the Project.
§ The
Company is conducting further investigations of any at surface
mineralisation within this zone to help guide future drilling into
this target. Further drill pad locations are also included in the
drilling permit notice amendment that was most recently submitted
to enable further drilling to be undertaken at DSPW.
Oliver Friesen, CEO of Guardian Metal,
commented:
"It is safe to say we are extremely excited
about the results reported today, including PM24-012 which has
delivered a globally significant tungsten result. Not only did we
intersect 39.3m of 1.02% W03Eq**, but this extended
interval is located almost entirely within the scoping level open
pit mine design, in an area which was previously occupied by
relatively low grade material from the previous resource
model.
"The drillholes reported today confirm that further
exploration and drilling is needed to fully assess the Project's
potential, of which we believe we have just scratched the surface.
With the US $2.75m strategic North American financing recently
completed at 27p, we are very well funded and look forward to
continuing to drive this extremely exciting Project forward at a
time when the U.S. needs secure supplies of
tungsten."
Results Summary
Table 1: Drillhole collar details
|
Hole ID
|
Target Area
|
UTM
Easting#
|
UTM
Northing#
|
Azimuth
(deg.)
|
Dip (deg.)
|
Down hole Depth
(m)
|
|
PM24-001
|
Desert
Scheelite
|
424159
|
4248321
|
195
|
-75.5
|
151.8
|
|
PM24-002
|
Porphyry
South
|
424011
|
4247857
|
15.4
|
-74
|
143.6
|
|
PM24-002A&
|
Porphyry
South
|
424011
|
4247857
|
15.4
|
-74
|
407.1
|
|
PM24-003
|
DSPW
|
423792
|
4248332
|
309.5
|
-47
|
169.8
|
|
PM24-004
|
Desert
Scheelite
|
424148
|
4248353
|
177
|
-64
|
165.2
|
|
PM24-005
|
DSPW
|
423760
|
4248287
|
311
|
-53
|
197.8
|
|
PM24-006
|
Desert
Scheelite
|
424190
|
4248354
|
181.6
|
-58
|
151.5
|
|
PM24-007
|
Desert
Scheelite
|
424367
|
4248301
|
179.2
|
-62
|
84.4
|
|
PM24-008
|
Desert
Scheelite
|
424356
|
4248297
|
175.9
|
-49
|
77.7
|
|
PM24-009
|
Desert
Scheelite
|
424376
|
4248301
|
175.3
|
-54
|
77.4
|
|
PM24-010
|
Desert
Scheelite
|
424399
|
4248296
|
173.8
|
-58
|
72.2
|
|
PM24-011
|
Desert
Scheelite
|
424407
|
4248346
|
180.4
|
-60
|
103.6
|
|
PM24-012
|
Desert
Scheelite
|
424357.6
|
4248319
|
179.6
|
-66
|
114.1
|
|
PM24-013
|
Desert
Scheelite
|
424344.2
|
4248323
|
180.5
|
-68
|
114.9
|
# UTM Zone 11 North NAD83
datum
& PM24-002 was stopped at
143.6m due to drilling difficulties, and re-entered as PM24-002A
which was completed to a downhole depth of
407.1m.
Table 2: Significant Drillhole Intersections
|
Hole
|
Downhole Depth
(m)
|
Interval
|
W
|
WO3
|
|
Zn
|
|
Ag
|
Cu
|
Intersection
Composites
|
|
ID
|
From
|
To
|
(m)
|
(ppm) a
|
(%) b
|
(%) c
|
|
(%) d
|
|
(g/t) e
|
(ppm) f
|
(weighted averages)
c
|
|
PM24-003
|
89.5
|
90.0
|
0.50
|
2,380
|
0.23
|
0.29
|
|
0.00
|
|
-
|
16
|
3.5m @
0.235 % WO3
|
|
90.0
|
93.0
|
3.00
|
1,790
|
-
|
0.23
|
Δ
|
0.01
|
|
-
|
15
|
|
|
|
PM24-004
|
87.8
|
90.5
|
2.70
|
1,690
|
-
|
0.21
|
Δ
|
0.03
|
|
0.6
|
90
|
19.7m @
0.232 % WO3, 1.8 g/t Ag & 0.37% Zn
|
|
90.5
|
92.0
|
1.50
|
100
|
-
|
0.01
|
Δ
|
0.03
|
|
-
|
90
|
|
92.0
|
93.6
|
1.60
|
2,110
|
0.20
|
0.25
|
|
0.11
|
|
1.9
|
338
|
|
93.6
|
95.0
|
1.40
|
2,580
|
0.26
|
0.33
|
|
0.05
|
|
0.5
|
111
|
|
95.0
|
96.6
|
1.60
|
1,920
|
-
|
0.24
|
Δ
|
0.06
|
|
1.5
|
231
|
|
96.6
|
99.7
|
3.10
|
460
|
-
|
0.06
|
Δ
|
0.14
|
|
4.5
|
742
|
|
99.7
|
101.2
|
1.50
|
2,370
|
0.23
|
0.29
|
|
0.08
|
|
1.2
|
242
|
|
101.2
|
102.7
|
1.50
|
5,280
|
0.53
|
0.67
|
|
0.10
|
|
1.0
|
49
|
|
102.7
|
104.5
|
1.80
|
2,530
|
0.25
|
0.32
|
|
0.09
|
|
0.9
|
74
|
|
104.5
|
106.0
|
1.50
|
920
|
-
|
0.12
|
Δ
|
2.12
|
F
|
3.0
|
613
|
|
106.0
|
107.5
|
1.50
|
1,900
|
-
|
0.24
|
Δ
|
1.90
|
F
|
3.0
|
219
|
|
PM24-004
|
117.0
|
118.5
|
1.50
|
2,230
|
0.41
|
0.52
|
|
0.34
|
|
141.0
|
14
|
8.6m @
0.303 % WO3, 43.9g/t Ag, 0.16 % Zn & 0.04 %
Cu
|
|
118.5
|
120.0
|
1.50
|
3,110
|
0.31
|
0.39
|
|
0.41
|
|
95.8
|
500
|
|
120.0
|
121.5
|
1.50
|
710
|
-
|
0.09
|
Δ
|
0.05
|
|
3.3
|
888
|
|
121.5
|
123.0
|
1.50
|
1,720
|
-
|
0.22
|
Δ
|
0.06
|
|
9.9
|
396
|
|
123.0
|
124.1
|
1.10
|
2,320
|
0.24
|
0.30
|
|
0.03
|
|
2.3
|
582
|
|
124.1
|
125.6
|
1.50
|
2,330
|
0.24
|
0.30
|
|
0.03
|
|
-
|
81
|
|
|
|
PM24-006
|
87.5
|
89.0
|
1.50
|
1,120
|
-
|
0.14
|
Δ
|
0.25
|
|
9.3
|
198
|
3.0m @
0.272 % WO3, 29.85 g/t Ag, 0.52 % Zn & 0.07 % Cu
|
|
89.0
|
90.5
|
1.50
|
3,380
|
0.32
|
0.40
|
|
0.80
|
|
50.4
|
1,300
|
|
PM24-006
|
97.2
|
98.6
|
1.40
|
810
|
-
|
0.10
|
Δ
|
3.84
|
F
|
10.4
|
775
|
20.8m @
0.142 % WO3, 10.41 g/t Ag, 0.75 % Zn & 0.10 %
Cu
|
|
98.6
|
100.1
|
1.50
|
1,420
|
-
|
0.18
|
Δ
|
3.78
|
F
|
20.2
|
593
|
|
100.1
|
101.7
|
1.60
|
630
|
-
|
0.08
|
Δ
|
0.81
|
|
34.1
|
147
|
|
101.7
|
103.2
|
1.50
|
1,220
|
-
|
0.15
|
Δ
|
0.76
|
|
43.2
|
184
|
|
103.2
|
104.7
|
1.50
|
930
|
-
|
0.12
|
Δ
|
0.34
|
|
3.3
|
217
|
|
104.7
|
106.2
|
1.50
|
980
|
-
|
0.12
|
Δ
|
0.31
|
|
3.4
|
348
|
|
106.2
|
107.6
|
1.40
|
1,670
|
-
|
0.21
|
Δ
|
0.28
|
|
7.6
|
1,100
|
|
107.6
|
108.3
|
0.70
|
2,700
|
0.42
|
0.53
|
|
0.17
|
|
2.5
|
660
|
|
108.3
|
109.8
|
1.50
|
1,110
|
-
|
0.14
|
Δ
|
0.07
|
|
2.6
|
778
|
|
109.8
|
111.3
|
1.50
|
930
|
-
|
0.12
|
Δ
|
0.05
|
|
1.9
|
839
|
|
111.3
|
112.8
|
1.50
|
450
|
-
|
0.06
|
Δ
|
0.03
|
|
0.9
|
358
|
|
112.8
|
113.5
|
0.70
|
500
|
-
|
0.06
|
Δ
|
0.04
|
|
0.7
|
431
|
|
113.5
|
114.9
|
1.40
|
1,100
|
-
|
0.14
|
Δ
|
0.06
|
|
2.6
|
1,020
|
|
114.9
|
116.4
|
1.50
|
1,340
|
-
|
0.17
|
Δ
|
0.13
|
|
10.3
|
6,940
|
|
116.4
|
118.0
|
1.60
|
930
|
-
|
0.12
|
Δ
|
0.09
|
|
1.4
|
298
|
|
|
|
PM24-007
|
38.4
|
39.7
|
1.30
|
2,030
|
0.28
|
0.35
|
|
0.16
|
|
1.8
|
194
|
5.1m @
0.175 % WO3, 1.76 g/t Ag & 0.16 % Zn
|
|
39.7
|
41.2
|
1.50
|
20
|
-
|
0.00
|
Δ
|
0.07
|
|
0.9
|
91
|
|
41.2
|
42.7
|
1.50
|
1,400
|
-
|
0.18
|
Δ
|
0.13
|
|
3.0
|
223
|
|
42.7
|
43.5
|
0.80
|
1,610
|
-
|
0.20
|
Δ
|
0.39
|
|
1.0
|
231
|
|
|
|
PM24-012
|
66.0
|
67.5
|
1.50
|
2,570
|
0.29
|
0.37
|
|
0.18
|
|
6.2
|
101
|
|
39.3m @ 0.735 %
WO3, 39.71 g/t Ag, 0.30 % Zn & 0.44 %
Cu
|
|
67.5
|
69.2
|
1.70
|
2,870
|
0.28
|
0.35
|
|
0.84
|
|
21.0
|
560
|
|
69.2
|
70.7
|
1.50
|
410
|
-
|
0.05
|
Δ
|
0.23
|
|
1.8
|
331
|
|
70.7
|
72.2
|
1.50
|
2,270
|
0.23
|
0.29
|
|
0.04
|
|
0.6
|
166
|
|
72.2
|
73.1
|
0.90
|
2,630
|
0.26
|
0.33
|
|
0.03
|
|
-
|
67
|
|
73.1
|
74.4
|
1.30
|
930
|
-
|
0.12
|
Δ
|
0.21
|
|
20.0
|
418
|
|
74.4
|
76.1
|
1.70
|
80
|
-
|
0.01
|
Δ
|
0.08
|
|
-
|
40
|
|
76.1
|
77.6
|
1.50
|
3,780
|
0.38
|
0.48
|
|
1.96
|
F
|
22.2
|
4,190
|
|
77.6
|
79.1
|
1.50
|
1,030
|
-
|
0.13
|
Δ
|
0.42
|
|
8.9
|
553
|
|
79.1
|
80.6
|
1.50
|
1,130
|
-
|
0.14
|
Δ
|
0.60
|
|
1.1
|
175
|
|
80.6
|
81.3
|
0.70
|
2,400
|
0.23
|
0.29
|
|
0.47
|
|
14.2
|
1,575
|
|
81.3
|
82.5
|
1.20
|
1,950
|
-
|
0.25
|
Δ
|
0.64
|
|
20.7
|
5,040
|
|
82.5
|
84.0
|
1.50
|
3,150
|
1.37
|
1.73
|
|
0.41
|
|
21.9
|
8,630
|
19.8m @ 1.219 %
WO3, 69.63 g/t Ag, 0.15 % Zn & 0.75 %
Cu
|
|
84.0
|
85.5
|
1.50
|
2,490
|
1.39
|
1.75
|
|
0.30
|
|
38.5
|
25,900
|
|
85.5
|
87.0
|
1.50
|
2,290
|
1.35
|
1.70
|
|
0.18
|
|
31.2
|
17,700
|
|
87.0
|
88.5
|
1.50
|
2,220
|
1.32
|
1.66
|
|
0.11
|
|
15.3
|
7,450
|
|
88.5
|
89.2
|
0.70
|
3,800
|
0.37
|
0.47
|
|
0.09
|
|
3.4
|
1,760
|
|
89.2
|
90.5
|
1.30
|
1,300
|
-
|
0.16
|
Δ
|
0.02
|
|
-
|
123
|
|
90.5
|
92.0
|
1.50
|
3,580
|
0.35
|
0.44
|
|
0.06
|
|
0.5
|
187
|
|
92.0
|
93.6
|
1.60
|
3,430
|
0.45
|
0.57
|
|
0.09
|
|
2.1
|
1,080
|
|
93.6
|
95.0
|
1.40
|
2,290
|
1.26
|
1.59
|
|
0.05
|
|
2.5
|
952
|
|
95.0
|
96.6
|
1.60
|
4,040
|
1.04
|
1.31
|
|
0.23
|
|
13.9
|
7,220
|
|
96.6
|
98.0
|
1.40
|
4,310
|
0.73
|
0.92
|
|
0.21
|
|
10.7
|
5,110
|
|
98.0
|
99.3
|
1.30
|
2,230
|
0.87
|
1.10
|
|
0.12
|
|
26.6
|
13,800
|
|
99.3
|
100.8
|
1.50
|
1,980
|
-
|
0.25
|
Δ
|
0.14
|
|
61.7
|
8,600
|
|
100.8
|
102.3
|
1.50
|
2,940
|
2.30
|
2.90
|
|
0.03
|
|
696.0
|
2,910
|
|
102.3
|
103.8
|
1.50
|
2,910
|
0.30
|
0.38
|
|
0.10
|
|
9.3
|
4,860
|
|
|
103.8
|
105.3
|
1.50
|
2,180
|
0.22
|
0.28
|
|
0.39
|
|
6.8
|
1,340
|
|
|
|
PM24-013
|
63.5
|
64.8
|
1.30
|
2,380
|
0.23
|
0.29
|
|
0.73
|
|
27.6
|
127
|
20.8m @
0.228 % WO3, 11.48 g/t Ag & 0.28 % Zn
|
|
64.8
|
66.3
|
1.50
|
100
|
-
|
0.01
|
Δ
|
0.04
|
|
0.7
|
103
|
|
66.3
|
67.8
|
1.50
|
2,810
|
0.27
|
0.34
|
|
0.34
|
|
2.1
|
349
|
|
67.8
|
69.2
|
1.40
|
2,000
|
0.19
|
0.24
|
|
0.62
|
|
1.1
|
376
|
|
69.2
|
70.7
|
1.50
|
2,530
|
0.26
|
0.33
|
|
0.77
|
|
21.0
|
160
|
|
70.7
|
72.2
|
1.50
|
2,030
|
0.20
|
0.25
|
|
0.47
|
|
103.0
|
218
|
|
72.2
|
73.7
|
1.50
|
1,790
|
-
|
0.23
|
Δ
|
0.08
|
|
1.9
|
167
|
|
73.7
|
75.3
|
1.60
|
1,390
|
-
|
0.18
|
Δ
|
0.04
|
|
-
|
85
|
|
75.3
|
76.8
|
1.50
|
2,250
|
0.22
|
0.28
|
|
0.03
|
|
0.6
|
234
|
|
76.8
|
78.3
|
1.50
|
280
|
-
|
0.04
|
Δ
|
0.03
|
|
-
|
142
|
|
78.3
|
79.8
|
1.50
|
3,290
|
0.33
|
0.42
|
|
0.04
|
|
1.4
|
785
|
|
79.8
|
81.4
|
1.60
|
1,430
|
-
|
0.18
|
Δ
|
0.06
|
|
0.5
|
265
|
|
81.4
|
82.8
|
1.40
|
1,420
|
-
|
0.18
|
Δ
|
0.55
|
|
2.7
|
1,650
|
|
82.8
|
84.3
|
1.50
|
1,960
|
-
|
0.25
|
Δ
|
0.27
|
|
0.5
|
173
|
|
PM24-013
|
93.0
|
94.5
|
1.50
|
990
|
-
|
0.12
|
Δ
|
1.11
|
F
|
87.3
|
904
|
16.8m @
0.256 % WO3, 14.8 g/t Ag, 0.44 % Zn & 0.09 %
Cu
|
|
94.5
|
96.0
|
1.50
|
3,060
|
0.31
|
0.39
|
|
1.64
|
F
|
56.5
|
2,100
|
|
96.0
|
97.8
|
1.80
|
2,360
|
0.31
|
0.39
|
|
0.21
|
|
6.7
|
1,325
|
|
97.8
|
99.3
|
1.50
|
820
|
-
|
0.10
|
Δ
|
0.11
|
|
0.8
|
343
|
|
99.3
|
100.8
|
1.50
|
1,090
|
-
|
0.14
|
Δ
|
0.12
|
|
1.6
|
511
|
|
100.8
|
102.3
|
1.50
|
2,030
|
0.28
|
0.35
|
|
0.13
|
|
2.5
|
980
|
|
102.3
|
103.8
|
1.50
|
2,690
|
0.27
|
0.34
|
|
0.09
|
|
3.5
|
1,215
|
|
103.8
|
105.3
|
1.50
|
2,790
|
0.29
|
0.37
|
|
1.40
|
F
|
3.3
|
1,615
|
|
105.3
|
106.8
|
1.50
|
1,460
|
-
|
0.18
|
Δ
|
0.04
|
|
1.0
|
497
|
|
106.8
|
108.3
|
1.50
|
2,210
|
0.22
|
0.28
|
|
0.03
|
|
0.6
|
149
|
|
108.3
|
109.8
|
1.50
|
950
|
-
|
0.12
|
Δ
|
0.02
|
|
0.6
|
35
|
Table 2
notes:
Summary of certificated assay results provided by accredited
laboratory ALS USA Inc
ppm: parts per million, 10,000 ppm = 1%
a:
ALS method ME-ICP61;
b:
ALS method W-XRF10;
c: WO3 % calculated as W % multiplied by
1.2611
d:
ALS method Zn-OG62
e:
highest precision result from ALS method Ag-OG62(4
acid 1-1,500 ppm), AG OG46 (aqua regia 1-1,500 ppm) or ME-ICP61
0.5-100ppm Ag
f:
ALS method ME-ICP61 or CU-OG62 for assays >1%
Cu
Δ:
denotes WO3 % calculated
using W ppm (method ME-ICP61)
F: denotes Zn % calculated using Zn ppm (method
ME-ICP61)
Media
Figure 1:
2024 drillhole
plan map showing the location of all holes drilled to date. Cross
section A-A' located in yellow (see Fig. 2 below for
cross-section).
Figure 2:
Cross section
A-A'. North is towards A, south towards A'.
References
1:
Arc-Related Porphyry Molybdenum Deposit Model. R.D. Taylor, J.M.
Hammarstrom, N.M. Piatak, R.S. Sean, II. USGS Scientific
Investigations Report (2010).
2:
https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-inversion-results-issue-of-options/16657001
3:
https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-significant-porphyry-update/16589687
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 (which forms part of
domestic UK law pursuant to the European Union
(Withdrawal) Act 2018).
COMPETENT PERSON
STATEMENT
The technical information contained
in this disclosure has been read and approved by Mr Nick O'Reilly
(MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a qualified geologist
and acts as the Competent Person under the AIM Rules - Note for
Mining and Oil & Gas Companies. Mr O'Reilly is a Principal
consultant working for Mining Analyst Consulting Ltd which has been
retained by Guardian Metal Resources plc to provide technical
support.
Forward Looking Statements
This announcement contains
forward-looking statements relating to expected or anticipated
future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and
uncertainties, such as general economic, market and business
conditions, competition for qualified staff, the regulatory process
and actions, technical issues, new legislation, uncertainties
resulting from potential delays or changes in plans, uncertainties
resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties
regarding the timing and granting of prospecting rights,
uncertainties regarding the timing and granting of regulatory and
other third party consents and approvals, uncertainties regarding
the Company's or any third party's ability to execute and implement
future plans, and the occurrence of unexpected
events.
Actual results achieved may vary
from the information provided herein as a result of numerous known
and unknown risks and uncertainties and other factors.
For further information visit
www.Guardianmetalresources.com
or contact the following:
|
Guardian Metal Resources plc
Oliver Friesen (CEO)
|
Tel: +44 (0)
20 7583 8304
|
|
Cairn Financial Advisers LLP
Nominated Adviser
Sandy Jamieson/Jo Turner/Louise
O'Driscoll
|
Tel: +44 20 7213 0880
|
|
Shard Capital Partners LLP
Lead Broker
Damon Heath/Erik Woolgar
|
Tel: +44 (0) 20 7186 9000
|
|
First Equity Limited
Broker
Jason Robertson
|
Tel: +44 20 7374 2212
|