REG - Guardian Metal Rsrc. - Pilot Mountain Geotechnical Update

Guardian Metal ResourcesAnnouncement

27/05/2025 07:00

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RNS Number : 1214K  Guardian Metal Resources PLC  27 May 2025

27 May 2025

Guardian Metal Resources plc

('Guardian Metal' or the 'Company')

Pilot Mountain Geotechnical Update

Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic development
and mineral exploration company focused on tungsten in Nevada, USA, is pleased
to announce that the geotechnical drilling covering the Company's Pilot
Mountain tungsten project ("Pilot Mountain" or the "Project") located in
mining friendly Nevada, USA, is now complete (Fig. 1).

The drilling campaign targeted the 'Desert Scheelite' zone and comprised a
total of 1,156 metres across seven drillholes (Fig. 2). Drillhole GCH-06 was
abandoned at a depth of 67.07 metres due to drill operator error and GCH-07
was redrilled at the same location as GCH-06 to a final depth of 173.55m. The
collected geotechnical data has now been submitted to the Company's appointed
geotechnical engineers and will form a key input into the ongoing
Pre-Feasibility Study for the Project.

Pilot Mountain Highlights:

 

§ The geotechnical drillholes were designed by the Company's geotechnical
engineers to provide geotechnical information in the vicinity of the planned
open pit shell.

 

§ Encouragingly, multiple geotechnical drillholes intersected porphyry and/or
skarn-type alteration and mineralisation, suggesting that the Desert Scheelite
mineralised system extends beyond the current known limits of the Desert
Scheelite Zone, including the following downhole intervals:

 

o GCH-01: Multiple strongly skarn altered intervals from 151.4m to 153.9m,
158.5m to 158.8m, 166.5m to 170.8m, and 191.3m to 192.6m with local visible
scheelite mineralisation;

 

o GCH-04: Multiple porphyry-mineralised intervals including potassic
alteration with cross-cutting ± pyrite, molybdenite and/or chalcopyrite
veins;

 

o GCH-05: Multiple strongly porphyry-mineralised intervals including potassic
as well as sodic-calcite alteration with cross-cutting ± pyrite, molybdenite
and/or chalcopyrite veins (Fig. 3, 4); and

 

o GCH-07: Skarn as well as porphyry-style alteration within the hole, porphyry
has predominantly propylitic alteration with local phyllic alteration towards
the bottom of the hole.

 

§ The first drill hole at the Project's 'Garnet Zone', PGMR25-001, is now
complete to a final depth of 100m, and the Company is pleased to report that
it intersected multiple very strongly visually skarn-mineralised scheelite
dominated intervals (Fig. 5). The 'Garnet Zone' had not been drilled since
being acquired by Guardian Metal in 2021.

 

Oliver Friesen, CEO of Guardian Metal, commented:

 

"The Company continues to make excellent progress at Pilot Mountain, with
drilling operations advancing at pace. Encouragingly, multiple geotechnical
holes indicate that the mineralising system at Desert Scheelite extends beyond
the currently drilled footprint. In addition, strong visual mineralisation
observed at the Garnet Zone demonstrates the significant untapped potential
across other known, at-surface skarn zones.

 

"Recent executive orders from the Trump administration underscore a strategic
push to reshore critical metal supply chains - particularly tungsten, given
its importance to the defence sector and United States' national security. We
remain focused on advancing both of our co-flagship projects as swiftly as
possible, with analytical results from Pilot Mountain and Tempiute expected
shortly."

 

Media

Figure 1: State of Nevada, United States, location map showing position of the
Company's 100% owned Pilot Mountain Project and Tempiute.

 

 

 

Figure 2: Drillhole plan map showing location of recently completed resource
drilling at Desert Scheelite as well as the location of the geotechnical
drillholes reported herein.

 

 

Figure 3: Quartz vein within potassic altered quartz-monzonite with very
strong disseminated molybdenite (~10%) mineralisation throughout (Drillhole
GCH-05 @ 123.8m).

 

 

Figure 4: Pyrite and chalcopyrite mineralised quartz vein (Drillhole GCH-05 @
136.8m).

 

 

Figure 5: Visually strong scheelite mineralisation within the first drillhole
completed at the Garnet Zone from 63.79 to 65.38m downhole.

 

 

 

 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.

 

 

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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