REG - Guardian Metal Rsrc. - Garfield Project – Exploration Update

Guardian Metal ResourcesAnnouncement

24/04/2025 08:30

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RNS Number : 0303G  Guardian Metal Resources PLC  24 April 2025

24 April 2025

Guardian Metal Resources plc

('Guardian Metal' or the 'Company')

Garfield Project - Exploration Update

High-Grade Gold-Silver-Antimony and New Claims Staked across Epithermal System

Guardian Metal Resources plc (LON:GMET, OTCQB:GMTLF), a strategic development
and mineral exploration company focused on tungsten in Nevada, USA, is pleased
to provide an exploration update from its 100%-owned Garfield Project
("Garfield"), located in the Walker Lane Mineral Belt. Guardian Metal's main
objective is to lead the re-establishment of domestic tungsten production in
the United States. The Company's projects demonstrate Nevada's exceptional
mineral potential and the important role Nevada can play in the national race
to secure a stable, affordable supply of critical resources for the United
States of America. The Garfield results further support the Company's broader
goals which are in line with recent U.S. Executive Orders promoting critical
mineral independence.

Recent surface sampling at Garfield has revealed high-grade gold, silver,
base-metals as well as strong antimony values in addition to strong visual
results across the newly staked areas. Many metals, including gold and
antimony, have significantly increased in price over the past two years,
underscoring the strategic importance of these project specific developments.
Like tungsten, antimony is a "dual-use" critical metal with applications in
both defence and general industry.

Guardian Metal identified Nevada as a key jurisdiction four years ago -well
ahead of the current surge in interest in critical minerals and rising metal
prices. While the Company remains focused on its two co-flagship tungsten
assets-Pilot Mountain and Tempiute, both in Nevada-it recognises the added
opportunity its Garfield and Golconda projects represent for its shareholders.

Oliver Friesen, CEO of Guardian Metal, commented:

"We are greatly encouraged by the latest exploration results following our
retained expert geologist Dr. Carter's recent site visit to the Garfield
Project, which focused on the Freeze and Pamlico zones-areas that were
previously underexplored. Encouragingly, a significant epithermal corridor is
emerging, now extending over 4 km in strike length. With the recent completion
of staking, this entire trend at these zones is now 100% owned by Guardian
Metal and is royalty-free.

"Looking ahead, we remain clear that any future partnership on our non-core
assets will be structured to benefit our existing shareholders and to maximise
the Project's upside potential. We believe a resurgence in U.S. exploration
and mining is well underway, and with our co-flagship tungsten assets,
alongside earlier-stage opportunities at the Garfield and Golconda Projects,
Guardian Metal offers investors meaningful exposure to this movement."

 

TECHNICAL SUMMARY

§ Reanalysis of Pamlico Zone rock sample CJO079, collected during the 2024
prospecting work, has returned 9.9 g/t gold (Au), 1,105 g/t silver (Ag), 1.84%
antinomy (Sb) and 2.45% lead (Pb) as well as 3,920 ppm copper (Cu) and 890 ppm
zinc (Zn) (Table 1). Assay results for CJO079, previously reported on 8
January 2025, were above the upper limit of detection for antimony, gold,
silver and lead so the sample was submitted for overlimit analysis.

 

§ Follow up geological investigation has determined that the previously
reported high-grade samples from historical mines across the Freeze Zone
appear to be from related low-sulphidation epithermal vein structures.(1)

 

§ Significantly, as a result of the above findings, field investigations were
extended further east onto open ground where a zone of massive silicification
/ chalcedonic blanket, as well as numerous outcropping low-sulphidation
colloform quartz veins were identified, which extend well east of the
previously defined Freeze Zone ("Freeze East Zone"). The Company has now
staked an additional 11 mining claims to cover the Freeze East Zone.

 

§ These features are suggestive of a substantive epithermal system. Several
rock samples were also taken during the recent field visit and are in the
laboratory for analysis.

 

§ A strike distance of over 4km is now covered by the Pamlico Zone, Freeze
Zone, and Freeze East Zones highlighting the potential scale of epithermal
mineralisation that exists at Garfield.

 

§ Further details about the Freeze East Zone including detailed geological
maps, and analytical results from the latest batch of sampling will be
released to the market in due course.

 

§ The Company continues discussions in regard to potential joint-venture or
option agreement arrangements covering the Project and will update the market
with any material updates when possible.

 

BACKGROUND

Guardian Metal recently retained Dr Lawrence Carter, an independent
magmatic-hydrothermal mineral system expert, to conduct a geological field
review of the low-sulphidation epithermal gold-silver-antinomy potential
within the Garfield Project area.

Pamlico Zone rock sample CJO079 which previously returned above detection
limit Au, Ag, Sb and Pb (reported 8 January 2025) was submitted for overlimit
analysis returning significant high-grade results (Table 1). The
gold-silver-copper assay results for the Freeze Zone were announced 3
September 2024(2).

 

Table 1: Overlimit assay results for rock sample CJO079, collected during the
2024 prospecting of Pamlico Zone.

 Sample  Gold     Silver    Antimony  Lead   Copper    Zinc
 CJO079  9.9 g/t  1105 g/t  1.84%     2.45%  3920 ppm  890 ppm

 

Table Note: Assay results for sample CJO079, reported 8 January 2025, were
above the upper limit of detection for antimony, gold, silver and lead and the
sample was re-assayed by ALS USA Inc using overlimit analytical methods
Ag-OG62, Pb-OG62, Sb-AA08 and Au-GRA21. Cu and zinc are as previously
reported, analysed by ALS USA Inc using method ME-MS61.

 

GEOLOGY UPDATE

Geological fieldwork across the "Pamlico Zone" and "Freeze Zone" has been
completed by Dr Carter to better place the previous high-grade
gold-silver-copper samples (announced 3 September 2024(1)) into geological
context to focus further exploration targeting. In contrast to magnetite
skarns in the western and central parts of the project, this work identified
that numerous historic mines on eastern side of the project were likely
targeting the same low-sulphidation epithermal vein structures along strike
from one another. Numerous outcropping low-sulphidation style colloform quartz
veins were also identified and sampled as well as a zone of massive
silicification (or chalcedonic blanket, which may represent the shallow
portion of a mineralised system) (Figures 1 & 2).

The overlimit analytical results from the "Pamlico Zone" further demonstrate
the strength of the low sulphidation epithermal mineralisation at Garfield.
Further sampling at the "Pamlico Zone" has been undertaken to better
understand the nature and variety of mineralisation across the numerous
epithermal vein structures.

Seventeen samples of low-sulphidation epithermal style quartz veins were
collected from across the "Pamlico Zone", "Freeze Zone" and "Freeze East Zone"
and have been submitted for laboratory analysis at ALS USA Inc.

Based on the findings from the geological fieldwork, the Company has
immediately acted to stake a further 11 mining claims across the "Freeze East
Zone".

 

 

 

 

 

 

MEDIA

Figure 1: Examples of newly collected samples of mineralised epithermal
colloform quartz veins collected from both outcrop and historic mine dumps
across the "Pamlico", "Freeze" and newly identified "Freeze East" Zones. A-C
are from the "Pamlico Zone", D-F are from the "Freeze Zone".

 

Figure 2: Sample of outcropping silicified breccia from the newly found
silicified zone or possible chalcedonic blanket at the newly identified
"Freeze East Zone".

 

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, 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, 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.

 

References

 

1:            Company announcement, Garfield-High Grade Assays
& New Zone Discovered,  dated 3 September 2024:

(https://www.londonstockexchange.com/news-article/GMET/garfield-high-grade-assays-new-zone-discovered/16646187)

 

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).

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

 

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