REG - Guardian Metal Rsrc. - Garfield - High-Grade Antimony-Gold Assay

Guardian Metal ResourcesAnnouncement

08/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250108:nRSH4843Sa&default-theme=true

RNS Number : 4843S  Guardian Metal Resources PLC  08 January 2025

8 January 2025

Guardian Metal Resources plc

('Guardian Metal' or the 'Company')

Garfield - High-Grade Antimony-Gold Assay

Guardian Metal Resources plc (LON:GMET, OTCQB:GMTLF), a strategic development
and mineral exploration company focused on Nevada, USA, is pleased to announce
an exploration update at the Company's 100% owned Garfield project located
within the prolific Walker Lane Mineral Belt in Nevada, USA ("Garfield" or the
"Project").

BACKGROUND

Guardian Metal's technical team recently completed a geological site visit
with a focus on assessing the high-grade gold potential of the 'Pamlico Zone'
in the south of the Project area. This work followed on from the late 2023
prospecting and rock sampling work over the same area, where all five samples
collected returned high grade gold results (ranging 4.98 g/t Au up to 18 g/t
Au, Table 1) with silver and copper (results announced 9 January 2024(1) and
23 January 2024).

HIGHLIGHTS

§   Sample CJ0079 has returned overlimit antimony (>10,000g/t or 1%),
gold (>10g/t), silver (>100g/t), lead (>10,000 or 1%) as well as
3,920ppm Cu (Table 1).

 

§   Guardian Metal has instructed the laboratory to complete the required
analytical methods to determine the final assay results for the above
overlimit metals.

 

§   The 'Pamlico Zone' is emerging as an increasingly significant
mineralised area with not only high-grade gold and base-metal mineralisation,
but also very attractive antimony potential.

 

§   The 2023 and 2024 results place the 'Pamlico Zone' along the continuum
between a low-sulphidation to high sulphidation silver-gold system;
representing a new deposit style not previously identified at Garfield.

 

§   Alongside the Company's primary focus on tungsten, antimony is of
interest as it is a critical defence metal for which the United States is
prioritising a reduction in import reliance from foreign suppliers.

 

§   Select results from the Pamlico Zone including the five previously
collected samples along with the recent sampling include:

 

 

Table 1: Significant Assay Results for Rock Samples Collected over the
Garfield Project Pamlico Zone target area

 Sample Number  Antimony (g/t)  Gold (g/t)    Silver (g/t)  Copper (%)  Lead (ppm)
 CJ0079*        >10,000g/t      >10g/t        >100g/t       0.39%       >10,000ppm
 CJ0080*        108 g/t         1.36g/t       6.48g/t       0.06%       2,040 ppm
 723336**       7,910 g/t       18.35 g/t(#)  1,225 g/t     1.89%       >10,000 ppm
 723337**       477 g/t         7.5 g/t(#)    47.5 g/t      0.42%       9,950 ppm
 723338**       2320 g/t        9.97 g/t(#)   105 g/t       0.28%       5,790 ppm
 723339**       597 g/t         22.7 g/t(#)   81 g/t        0.24%       5,070 ppm
 723340**       1650 g/t        4.98 g/t(#)   66.6 g/t      0.74%       2,510 ppm

Table notes: Rock sample assay results certificated by ALS USA Inc. using
methods ME-ICP61a, Au-AA23 and Au-GRA21. Results reported in  ppm = parts per
million. 1ppm Au equivalent to 1g/t Au.

 

(#)Gold assay using Au-GRA21 fire assay and gravimetric finish, due to over
limit (>10ppm Au) returned using method Au-AA23.

 

*2024 sampling programme results, **2023 sampling programme results previously
reported(1).

Oliver Friesen, CEO of Guardian Metal, commented:

"We are highly encouraged by the latest exploration results from our Garfield
Project, particularly the emerging significance of the Pamlico Zone - a target
organically generated and staked by our technical team resulting in royalty
free 100% ownership. The presence of high-grade antimony and gold within this
emerging epithermal target, along with the existing copper-gold-silver
porphyry- and skarn-potential, underscores the significance of this Project.

"Antimony's critical importance as a defence metal, coupled with the U.S.
focus on reducing reliance on foreign imports, places Guardian Metal in a
unique position to contribute to domestic supply chains. While tungsten
remains our primary focus, this antimony result highlights the strategic
importance of our entire project portfolio. We remain committed to maximising
the value of Garfield for our shareholders while aligning with national
priorities for critical mineral independence."

GEOLOGY UPDATE

Analytical and visual results from the 'Pamlico Zone' have shed new light on
the geological potential of Garfield. In particular, along with the overlimit
antimony, gold, and silver results which displayed classic quartz-colloform
low-sulphidation epithermal textures (Figure 1), the latest sample results
display strong epithermal style elemental correlations, in the base and trace
metals As (arsenic), Bi (bismuth), Cu (copper), Pb (lead), Zn (zinc), Sb
(antinomy) and Mo (molybdenum). These correlations place the Pamlico Zone
along the continuum between a low-sulphidation gold and high-sulphidation
silver-gold system.

MEDIA

Figure 1: Sample CJ0079 showing classic quartz-colloform low-sulphidation
epithermal textures.

PROPERTY OWNERSHIP

Guardian Metal holds a 100% interest in the Garfield Project through its
wholly-owned Nevada operating company, Golden Metal Resources LLC. A 2% Net
Smelter Return Royalty ("NSR Royalty") Interest, of which 1% can be bought
back at any time for US$1,000,000, is payable to Sunrise Resources plc
(LON:SRES). The NSR Royalty covers the original Garfield Project claims as
well as a 1 mile radius outside of those claims which covers roughly half of
the current 'High-Grade Zone' footprint. The Pamlico and Freeze Zones are
entirely royalty free.

COMPETENT PERSON STATEMENT

The technical information contained in this disclosure has been read and
approved by Mr Nick O'Reilly (MSc, DIC, QMR MIMMM, 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.

 

References

 

1:        Company announcement, Garfield Project: New Claims Yield
High-Grade Gold-Silver-Copper Bedrock Discovery Samples Taken from Newly
Staked Ground Return up to 22.7g/t Au,  dated 9 January 2024:

(
https://polaris.brighterir.com/public/golden_metal_resources/news/rns/story/xj7yonx
(https://polaris.brighterir.com/public/golden_metal_resources/news/rns/story/xj7yonx)
)

 

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). The Directors of the Company are
responsible for the contents of this announcement.

 

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
(http://www.goldenmetalresources.com) or contact the following:

 Guardian Metal Resources plc                 Tel: +44 (0) 20 7583 8304

 Oliver Friesen (CEO)
 Cairn Financial Advisers LLP                 Tel: +44 20 7213 0880

 Nominated Adviser

 Sandy Jamieson/Jo Turner/Louise O'Driscoll
 Shard Capital Partners LLP                   Tel: +44 (0) 20 7186 9000

 Lead Broker

 Damon Heath/Erik Woolgar

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDUBURRVBUARUR