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

Guardian Metal ResourcesAnnouncement

03/06/2025 11:30

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RNS Number : 2354L  Guardian Metal Resources PLC  03 June 2025

3 June 2025

Guardian Metal Resources plc

('Guardian Metal' or the 'Company')

Garfield Project - Exploration Update

Very High-Grade Gold-Silver-Copper Assay Results

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. Results from the Company's projects highlight Nevada's
mineral potential and underscore the state's strategic importance in securing
a stable and cost-effective supply of critical and precious metals for the
USA.

Further to the Company's announcement on 24 April 2025, final analytical
results from 21 rock samples have been received and are summarised below, as
well as maps which outline the latest Garfield claim position(1). While the
Company remains focused on its two co-flagship tungsten assets-Pilot Mountain
and Tempiute-it recognises the added opportunity its Garfield and Golconda
projects represent for its shareholders.

Oliver Friesen, CEO of Guardian Metal, commented:

"Once again our low-cost exploration at Garfield has delivered meaningful
results to the business. It is also worth reiterating that we remain focused
on structuring any future partnerships around our non-core assets in a way
that delivers clear benefits to our shareholders and supports long-term
project growth.

"As the resurgence of U.S. mining accelerates, Guardian Metal is well
positioned to contribute meaningfully, offering investors direct exposure
through our flagship tungsten assets and additional blue-sky upside from
early-stage base and precious metal projects like Garfield and Golconda."

 

TECHNICAL SUMMARY

§ Results from the recently completed field programme have delivered the
highest grade gold results to date from Garfield including 61.0 g/t gold (Au)
from quartz vein on a mine dump in the Freeze Zone as well as 47.0 g/t Au from
mine dump vein material in the Pamlico zone.

 

§ In addition to 61.0 g/t Au, Freeze Zone results returned several multi-gram
mine dump quartz vein samples including 6.6 g/t, 5.7 g/t, 4.4 g/t and 2.1 g/t
Au (Table 1, Figures 1 & 2).

 

§ In addition to 47.0 g/t Au, a Pamlico Zone outcrop rock chip sample
(LC-GF-25) from a opaline epithermal quartz vein returned 10.3 g/t Au (Table
1, Figure 2).

 

§ Silica-adularia alteration observed in outcropping volcaniclastic rock in
the newly claimed "Freeze East Zone" is deemed highly prospective for the
existence of underlying epithermal mineralisation (Figures 1 & 3).

 

§ Geological field work has determined that the high-grade epithermal vein
structures in the Pamlico and Freeze Zones have the same west-north-westerly
(WNW) trending orientations, and are likely genetically related (Figure 1).
With the identification of hydrothermal breccias in the "High Grade Zone"
(Figure 4), the Company is investigating whether there may be epithermal
mineralisation overprinting skarn mineralisation in the "High Grade Zone",
directly 4 km along strike of epithermal veins at the Freeze East Zone and
Freeze Zone.

 

§ 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.

 

Table 1: Selected assay results for rock samples collected from geological
field work in April 2025

 Freeze Zone
 SAMPLE    Description               Au (g/t)  Ag (g/t)  Cu (ppm)
 LC-GF-32  Quartz vein on mine dump  61.0      149.0     23,800
 LC-GF-22  Quartz vein on mine dump  6.6       137.0     18,800
 LC-GF-20  Quartz vein on mine dump  5.7       28.3      15,200
 LC-GF-30  Quartz vein on mine dump  4.4       2.9       2,540
 LC-GF-21  Quartz vein on mine dump  2.1       6.5       6,740
 Pamlico Zone
 SAMPLE    Description               Au (g/t)  Ag (g/t)  Cu (ppm)
 LC-GF-24  Quartz vein on mine dump  47.0      73.1      38,300
 LC-GF-25  Outcropping quartz vein   10.3      9.5       1,395
 LC-GF-23  Quartz vein on mine dump  2.1       151.0     5,470

Table Note: Samples were assayed by ALS USA Inc using analytical methods
Au-ICP21 and ME-MS61, and overlimit analytical methods Au-GRA21, Ag-OG62 and
Cu-OG62.

 

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 potential within the Freeze and
Pamlico Zones of the Garfield Project. The initial findings from the
geological field work at the Pamlico and Freeze zones were announced on 24
April 2025(1) along with overlimit assay results for previously analysed
high-grade samples from Pamlico, and the newly identified silica-adularia
alteration observed led to the Company to immediately stake the ground
comprising the new Freeze East Zone.

 

GEOLOGY UPDATE

Geological mapping of epithermal quartz veins and historical mine workings
across the Pamlico and Freeze Zones has identified that high grade Au-Ag-Cu
epithermal mineralisation (Table 1, Figures 1-3) is consistently orientated
along WNW-ESE trending structures. The same orientations are noted for
chalcedonic-opaline epithermal quartz veins in the newly claimed area of
silica-adularia altered volcaniclastics (with adularia confirmed by K-feldspar
staining of rock slabs, Figure 3) in the "Freeze East Zone" (Figure 1). Due to
the adularia alteration, the Company considers the newly claimed Freeze East
Zone as prospective for underlying precious metal-hosting epithermal vein
style mineralisation.

In the "High Grade Zone", copper-magnetite-skarn dominated mineralisation is
focussed at the margins of a granitic intrusion. However further follow up has
observed structures, veins and notably hydrothermal breccias (e.g. Figure 4)
of WNW orientation directly along strike of the historical mine workings, and
high-grade dump material, in the Freeze Zone. Previously reported high-grade
gold and silver grab samples are also aligned along this WNW orientation. The
apparent epithermal system has a strike length of circa 6 km denoted by the
gold, silver, copper, antimony and lead mineralisation occurrences. As a
result, the Company is now investigating whether epithermal style precious
metal mineralisation has overprinted the broader Cu skarn mineralisation in
the High-Grade and Powerline Zones at Garfield.

 

Figure 1: Map of Garfield property showing the High-Grade, Pamlico, Freeze and
(newly claimed) Freeze-East zones with rock/dump sample gold assay results and
epithermal features.

 

Figure 2: Photographs of samples of mineralised epithermal
colloform-chalcedonic-opaline quartz vein collected from both outcrop and
historical mine dumps across the "Pamlico Zone" and "Freeze Zone". See Table 1
for details.

Figure 3: Photographs of samples and K-feldspar staining slabs of the
silica-adularia altered volcaniclastic rock outcrops in the Freeze East Zone.
Yellow stain indicates adularia.

 

 

Figure 4: Hydrothermal breccia in the High Grade zone, directly along strike
from the high grade epithermal vein dump material in the Freeze Zone (Table
1).

 

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 Project - Exploration
Update,  dated 24 April 2025:

(https://www.londonstockexchange.com/news-article/GMET/garfield-project-exploration-update/17003867
(https://www.londonstockexchange.com/news-article/GMET/garfield-project-exploration-update/17003867)
)

 

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

 

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