REG - Guardian Metal Rsrc. - Pilot Mountain - Significant Drilling Results
03/03/2025 07:15
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RNS Number : 0162Z Guardian Metal Resources PLC 03 March 2025
03 March 2025
Guardian Metal Resources plc
('Guardian Metal' or the 'Company')
Pilot Mountain - Significant Drilling Results
Desert Scheelite: Further Very High-Grade Tungsten & Silver Results
Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic mineral
exploration and development company focused in Nevada, USA, is pleased to
announce further drillhole assay results from the Company's ongoing drilling
campaign at its 100% owned Pilot Mountain tungsten Project ("Pilot Mountain"
or the "Project") located in Nevada, USA.
Laboratory assay results from drill core samples have been received from the
next batch of drillholes at the Desert Scheelite zone covering PM24-029 to
PM24-039 (Table 1) with some further very high-grade tungsten and silver
results being intersected (Table 2). To date, 51 drillholes have been
completed.
The final planned drillholes into Desert Scheelite will be completed in the
following weeks following which attention will be turned to geotechnical
drilling to support the planned pre-feasibility study. The Company is also
finalising the first ever geological model for the Gunmetal zone with
drillholes to planned thereafter. Guardian has also received a Notice Level
permit which allows for the excavation of 20 drill pads at the Project's
'Garnet' tungsten-copper-silver-zinc zone. Finally, preliminary drill planning
is underway to target the newly discovered mineralised copper breccia zone
within the Porphyry South target area located immediately south of Desert
Scheelite.
Oliver Friesen, CEO of Guardian Metal, commented:
"As the need for a domestic U.S. mined source of tungsten continues to
accelerate, we are pleased to able to produce another positive set of drilling
results from the ongoing Pilot Mountain drilling campaign.
"Our Nevada based operating team is working hard to complete the final few
Desert Scheelite drillholes, following the completion of which, they will
commence work on the geotechnical drillholes to support the Project's
pre-feasibility study. Work is also being progressed at the Project's Garnet
and Gunmetal zones which host polymetallic tungsten-silver-copper-zinc
mineralisation very similar to what is found at Desert Scheelite. We consider
these as being low-hanging fruit targets given the historical widely-spaced
drilling which uncovered significant intervals of skarn-style polymetallic
mineralisation.
"We are also pleased to report that initial preparations are now underway for
the Company's first ever boots on the ground work programme at Tempiute and we
anticipate providing an update to the market covering more details in short
order.
"As work progresses across our Nevada-based tungsten portfolio, the push to
secure domestic supplies of critical and defence-related metals only
strengthens the strategic positioning of Guardian Metal Resources within the
U.S. and abroad."
Desert Scheelite Highlights:
§ Of significance within this particular batch of results is the mineralised
widths (>0.10% WO(3)) encountered throughout several holes as well as the
intersection of multiple broad mineralised intervals. These include
mineralised 14.2m and 7.8m intervals in PM24-029, 19.4m and 27m intervals in
PM24-031, 18.5m and 18.2m intervals in PM24-038 as well as multiple others
throughout the holes reported herein.
§ Some of the most significant individual silver results from the 2024/2025
drilling programme were received from this batch of results including 434g/t
(PM24-034), 345g/t (PM24-038), and two 355g/t Ag results from PM24-038.
§ Drillhole PM24-034 highlight downhole intersections:
o 27.1m @ 0.46% W0(3), 32g/t Ag, 3,278ppm Cu & 0.71% Zn from 20.7 - 47.8m
(27.1m @ 0.72% WO(3)Eq* or 2.35% CuEq**); including
- 5.3m @ 1.08% W0(3,) 130.5g/t Ag, 2,382ppm Cu & 0.32% Zn from
34.2 - 39.5 (5.3m @ 1.57% WO(3)Eq* or 5.15% CuEq**).
§ Drillhole PM24-038 highlight downhole intersection :
o 18.5m @ 0.28% W0(3), 55.1g/t Ag, 353ppm Cu & 0.26% Zn from 27 - 45.5m
(18.5m @ 0.48% WO(3)Eq* or 1.57% CuEq**); and
o 18.2m @ 0.25% W0(3), 97.6g/t Ag, 802ppm Cu & 1.03% Zn from 58 - 76.2m
(18.2m @ 0.66% WO(3)Eq* or 2.17% CuEq**); including
- 6.0m @ 0.24% W0(3,) 253.3g/t Ag, 205ppm Cu & 1.09% Zn from 58
- 64m (6.0m @ 1.11% WO(3)Eq* or 3.64% CuEq**).
§ Drillhole PM24-039 highlight downhole intersection :
o 7.5m @ 0.21% W03, 2.9g/t Ag, 125ppm Cu & 0.12% Zn from 26.5 - 34m (7.5m
@ 0.23% WO3Eq* or 0.75% CuEq**); and
o 12.1m @ 0.35% W03, 57.2g/t Ag, 5103ppm Cu & 0.98% Zn from 41.8 - 53.9m
(12.1m @ 0.76% WO3Eq* or 2.50% CuEq**).
(*,**)Copper and W0(3) Equivalent ("WO(3)Eq") are calculated using a tungsten
price of US $337.5/MTU, a zinc price of US$1.263/lb, a copper price of
US$4.57/lb and a silver price of US$31.12/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.
Results
Table 1: 2024 Drillhole collar table (this RNS)
Hole ID Zone UTM Easting(#) UTM Northing(#) Azimuth (deg.) Dip (deg.) Down hole Depth (m)
PM24-029 Desert Scheelite 424200.7 4248327 184.11 -53.3 81.7
PM24-030 Desert Scheelite 423858.6 4248208 180.58 -73.1 85.04
PM24-031 Desert Scheelite 423848.3 4248234 184.95 -83.3 125.9
PM24-032 Desert Scheelite 423810 4248226 178.37 -73.3 106.1
PM24-033 Desert Scheelite 423907.9 4248249 186.51 -47.7 78.0
PM24-034 Desert Scheelite 423957.7 4248283 178.08 -53.4 98.45
PM24-035 Desert Scheelite 423933.5 4248276 184.43 -64.9 90.0
PM24-036 Desert Scheelite 423907.8 4248271 179.86 -50.0 42.7
PM24-037 Desert Scheelite 423907.7 4248270 182.34 -51.0 84.4
PM24-038 Desert Scheelite 423979.5 4248290 175.62 -56.4 91.44
PM24-039 Desert Scheelite 424018.3 4248296 183.97 -61.2 78.0
(#)UTM Zone 11 North NAD83 datum
Table 2: Significant Diamond Drillhole Assay Results(1)
Hole ID Downhole Depth (m) Interval (m) W W WO3 Zn Ag Cu Intersection Composites
From To (ppm) a (%) b (%) c (%) d (g/t) a (ppm) a (weighted averages) c
PM24-029 42.8 44.5 1.70 1,330 - 0.17 Δ 0.31 1.7 392 14.2m @ 0.25% WO3 , 0.04% Cu , 0.98% Zn & 5.05 g/t Ag
44.5 46.0 1.50 2,380 0.31 0.31 1.54 Ø 7.6 1,160
46.0 46.7 0.70 2,060 0.56 0.56 2.22 Ø 14.2 2,360
46.7 48.5 1.80 2,970 0.38 0.38 1.85 Ø 1.4 507
48.5 50.0 1.50 1,180 - 0.15 Δ 0.37 17.8 170
50.0 51.5 1.50 1,020 - 0.13 Δ 0.80 9.8 150
51.5 53.0 1.50 1,330 - 0.17 Δ 0.02 - 57
53.0 54.5 1.50 1,650 - 0.21 Δ 0.43 0.5 135
54.5 56.0 1.50 2,220 0.29 0.29 2.45 Ø 0.6 165
56.0 57.0 1.00 2,280 0.31 0.31 0.15 1.9 30
PM24-029 68.7 70.2 1.50 1,460 - 0.18 Δ 0.09 1.4 56 7.8m @ 0.21% WO3, 0.04% Cu, 0.9% Zn & 11.82 g/t Ag
70.2 71.7 1.50 1,730 - 0.22 Δ 0.06 0.7 49
71.7 73.2 1.50 660 - 0.08 Δ 0.12 20.4 48
73.2 74.7 1.50 2,480 0.34 0.34 1.33 Ø 36.5 615
74.7 75.7 1.00 1,790 - 0.23 Δ 3.66 Ø 1.8 870
75.7 76.5 0.80 1,390 - 0.18 Δ 1.21 Ø 2.4 1,195
PM24-030 17.4 18.4 1.00 1,670 - 0.21 Δ 0.04 3.2 105 2.6m @ 0.28% WO3, 0.01% Cu, 0.03% Zn & 2.46 g/t Ag
18.4 20.0 1.60 2,430 0.33 0.33 0.02 2.0 38
PM24-030 26.0 27.5 1.50 3,130 0.81 0.81 0.06 1.7 35 3m @ 0.53% WO3, 0% Cu, 0.04% Zn & 1.5 g/t Ag
27.5 29.0 1.50 1,980 - 0.25 Δ 0.02 1.3 20
PM24-030 33.5 35.0 1.50 1,850 - 0.23 Δ 0.08 0.9 93 10.5m @ 0.33% WO3, 0% Cu, 0.05% Zn & 2.36 Ag
35.0 36.5 1.50 1,660 - 0.21 Δ 0.05 1.3 31
36.5 38.0 1.50 2,010 0.27 0.27 0.07 1.1 51
38.0 39.5 1.50 2,300 0.33 0.33 0.05 0.9 34
39.5 41.0 1.50 980 - 0.12 Δ 0.05 0.7 19
41.0 42.5 1.50 2,600 0.44 0.44 0.03 10.2 27
42.5 44.0 1.50 3,400 0.69 0.69 0.02 1.4 28
PM24-030 63.1 64.2 1.10 3,200 0.75 0.75 0.00 - 29 3.4m @ 0.36% WO3, 0.01% Cu, 0.02% Zn & 0.22 g/t Ag
64.2 65.0 0.80 1,320 - 0.17 Δ 0.02 - 51
65.0 66.5 1.50 1,390 - 0.18 Δ 0.03 0.5 65
PM24-031 30.1 31.8 1.70 2,370 0.32 0.32 0.01 0.9 82 1.7m @ 0.32% WO3, 0.01% Cu, 0.01% Zn & 0.9 g/t Ag
PM24-031 51.3 52.8 1.50 3,450 0.54 0.54 0.01 - 18 19.4m @ 0.26% WO3, 0% Cu, 0.03% Zn & 2.35 Ag
52.8 54.3 1.50 3,590 0.50 0.50 0.01 - 24
54.3 55.8 1.50 760 - 0.10 Δ 0.03 - 39
55.8 57.3 1.50 1,550 - 0.20 Δ 0.01 - 23
57.3 58.8 1.50 30 - 0.00 Δ 0.02 - 14
58.8 60.3 1.50 1,130 - 0.14 Δ 0.02 - 58
60.3 61.8 1.50 2,090 0.28 0.28 0.01 - 9
61.8 63.2 1.40 1,260 - 0.16 Δ 0.16 19.1 41
63.2 64.7 1.50 2,090 0.28 0.28 0.01 - 23
64.7 66.2 1.50 1,280 - 0.16 Δ 0.03 4.6 53
66.2 67.7 1.50 2,410 0.33 0.33 0.02 2.6 102
67.7 69.2 1.50 1,280 - 0.16 Δ 0.01 0.7 75
69.2 70.7 1.50 3,760 0.52 0.52 0.03 4.7 16
PM24-031 82.7 84.2 1.50 1,590 - 0.20 Δ 0.07 27.0 49 27m @ 0.29% WO3, 0.01% Cu, 0.02% Zn & 3.09 g/t Ag
84.2 85.7 1.50 2,160 0.59 0.59 0.02 0.5 28
85.7 87.2 1.50 2,460 0.34 0.34 0.01 0.6 41
87.2 88.7 1.50 3,210 0.45 0.45 0.01 1.7 35
88.7 90.2 1.50 550 - 0.07 Δ 0.02 - 33
90.2 91.7 1.50 50 - 0.01 Δ 0.01 - 16
91.7 93.2 1.50 2,700 0.37 0.37 0.01 - 47
93.2 94.7 1.50 3,930 0.60 0.60 0.02 - 32
94.7 96.2 1.50 2,050 0.51 0.51 0.03 2.5 98
96.2 97.7 1.50 2,100 0.28 0.28 0.03 1.3 25
97.7 99.2 1.50 2,300 0.29 0.29 0.02 - 7
99.2 100.7 1.50 430 - 0.05 Δ 0.03 4.3 83
100.7 102.2 1.50 2,240 0.29 0.29 0.03 7.2 39
102.2 103.7 1.50 1,240 - 0.16 Δ 0.02 2.8 49
103.7 105.2 1.50 3,490 0.47 0.47 0.02 1.3 108
105.2 106.7 1.50 420 - 0.05 Δ 0.02 1.9 51
106.7 108.2 1.50 1,200 - 0.15 Δ 0.02 1.7 74
108.2 109.7 1.50 2,330 0.32 0.32 0.02 2.8 211
PM24-032 64.2 65.7 1.50 2,180 0.28 0.28 0.02 2.4 99 1.5m @ 0.28% WO3, 0.01% Cu, 0.02% Zn & 2.4 g/t Ag
PM24-033 7.5 9.0 1.50 2,710 0.44 0.44 0.03 3.1 89 14.6m @ 0.14% WO3, 0.01% Cu, 0.08% Zn & 4.38 g/t Ag
9.0 10.5 1.50 470 - 0.06 Δ 0.03 3.1 109
10.5 12.0 1.50 130 - 0.02 Δ 0.06 3.8 49
12.0 13.5 1.50 1,030 - 0.13 Δ 0.04 2.0 54
13.5 15.0 1.50 350 - 0.04 Δ 0.06 6.1 29
15.0 16.2 1.20 1,110 - 0.14 Δ 0.07 2.3 11
16.2 17.7 1.50 400 - 0.05 Δ 0.20 3.6 45
17.7 19.3 1.60 290 - 0.04 Δ 0.10 3.6 30
19.3 20.6 1.30 1,010 - 0.13 Δ 0.09 2.5 26
20.6 22.1 1.50 2,360 0.39 0.39 0.16 13.1 53
PM24-033 44.8 46.3 1.50 1,410 - 0.18 Δ 1.19 Ø 66.8 801 9m @ 0.2% WO3, 0.02% Cu, 0.3% Zn & 13.57 g/t Ag
46.3 47.8 1.50 1,230 - 0.16 Δ 0.33 7.3 224
47.8 49.3 1.50 2,000 0.26 0.26 0.10 3.8 57
49.3 50.8 1.50 660 - 0.08 Δ 0.05 1.3 23
50.8 52.3 1.50 1,620 - 0.20 Δ 0.05 1.0 47
52.3 53.8 1.50 2,350 0.33 0.33 0.07 1.2 184
PM24-034 20.7 22.2 1.50 2,040 0.28 0.28 0.10 2.0 187 27.1m @ 0.46% WO3, 0.33% Cu, 0.71% Zn & 32 g/t Ag
22.2 23.7 1.50 1,740 - 0.22 Δ 0.14 5.0 144
23.7 25.2 1.50 2,820 0.44 0.44 0.06 0.9 125
25.2 26.7 1.50 2,380 0.46 0.46 0.20 3.9 356
26.7 28.2 1.50 1,600 - 0.20 Δ 0.33 3.7 928
28.2 29.7 1.50 1,040 - 0.13 Δ 1.64 Ø 18.0 6,450
29.7 31.2 1.50 2,060 0.63 0.63 2.23 Ø 41.4 13,700
31.2 32.7 1.50 2,500 0.53 0.53 1.85 Ø 9.3 7,550
32.7 34.2 1.50 2,400 0.32 0.32 0.88 12.8 6,220
34.2 35.7 1.50 6,730 1.20 1.20 0.72 23.8 4,480 5.3m @ 1.08% WO3, 0.24% Cu, 0.32% Zn & 130.05 g/t Ag
35.7 36.8 1.10 10,000 1.62 1.62 0.15 434.0 3,650
36.8 38.2 1.40 2,570 0.32 0.32 0.03 99.0 603
38.2 39.5 1.30 3,960 1.30 1.30 0.31 28.9 808
39.5 41.8 2.30 - - - Δ - - -
41.8 44.8 3.00 840 - 0.11 Δ 1.37 2.1 2,490
Ø
44.8 46.3 1.50 4,790 0.78 0.78 1.13 Ø 15.8 7,700
46.3 47.8 1.50 2,060 0.28 0.28 0.42 1.6 2,460
PM24-035 20.1 21.7 1.60 4,310 0.77 0.77 0.12 17.0 236 6.1m @ 0.3% WO3, 0.01% Cu, 0.08% Zn & 9.2 g/t Ag
21.7 23.2 1.50 420 - 0.05 Δ 0.09 10.7 112
23.2 24.7 1.50 1,330 - 0.17 Δ 0.04 4.2 80
24.7 26.2 1.50 1,330 - 0.17 Δ 0.04 4.4 78
PM24-035 8.2 9.8 1.6 2,520 0.35 0.35 0.01 2.1 518 1.6m @ 0.35% WO3, 0.05% Cu, 0.01% Zn & 2.1 g/t Ag
35.2 36.7 1.50 3,230 0.55 0.55 0.04 4.3 81 14.2m @ 0.52% WO3, 0.04% Cu, 0.09% Zn & 5.19 g/t Ag
36.7 38.2 1.50 3,880 0.54 0.54 0.02 4.3 40
38.2 39.7 1.50 3,650 0.57 0.57 0.04 17.5 113
39.7 41.2 1.50 3,700 0.58 0.58 0.07 11.7 121
41.2 42.7 1.50 2,410 0.39 0.39 0.02 1.2 137
42.7 44.2 1.50 1,400 - 0.18 Δ 0.06 1.9 277
44.2 45.7 1.50 1,350 - 0.17 Δ 0.22 3.3 1,185
45.7 47.2 1.50 6,960 0.99 0.99 0.12 1.4 465
47.2 48.7 1.50 5,340 0.70 0.70 0.09 0.6 198
48.7 49.4 0.70 4,020 0.52 0.52 0.31 6.3 3,260
PM24-036 34.6 36.1 1.50 1,050 - 0.13 Δ 0.56 20.1 284 8.1m @ 0.15% WO3, 0.02% Cu, 0.45% Zn & 33.07 g/t Ag
36.1 37.6 1.50 400 - 0.05 Δ 0.55 8.2 382
37.6 38.6 1.00 180 - 0.02 Δ 0.08 2.4 82
38.6 40.0 1.40 1,790 - 0.23 Δ 0.44 18.4 70
40.0 41.5 1.50 2,090 0.26 0.26 0.60 105.0 166
41.5 42.7 1.20 1,150 - 0.15 Δ 0.31 33.1 139
PM24-037 32.5 34.0 1.50 1,260 - 0.16 Δ 0.16 6.2 60 1.5m @ 0.16% WO3, 0.01% Cu, 0.16% Zn & 6.2 g/t Ag
PM24-037 40.0 41.5 1.50 1,370 - 0.17 Δ 0.14 5.8 15 1.5m @ 0.17% WO3, 0% Cu, 0.14% Zn & 5.8 g/t Ag
PM24-037 49.0 50.5 1.50 1,660 - 0.21 Δ 0.43 90.6 161 3m @ 0.21% WO3, 0.01% Cu, 0.41% Zn & 127.3 g/t Ag
50.5 52.0 1.50 1,650 - 0.21 Δ 0.39 164.0 128
PM24-037 62.5 64.0 1.50 600 - 0.08 Δ 1.06 Ø 120.0 328 7.5m @ 0.18% WO3, 0.03% Cu, 0.46% Zn & 46.4 g/t Ag
64.0 65.5 1.50 1,880 - 0.24 Δ 0.55 100.0 244
65.5 67.0 1.50 1,570 - 0.20 Δ 0.17 2.9 170
67.0 68.5 1.50 1,460 - 0.18 Δ 0.28 1.2 138
68.5 70.0 1.50 1,800 - 0.23 Δ 0.23 7.9 371
PM24-038 27.0 27.7 0.70 4,400 0.60 0.60 0.09 2.2 187 18.5m @ 0.28% WO3, 0.04% Cu, 0.26% Zn & 55.11 g/t Ag
27.7 30.8 3.10 2,990 0.42 0.42 0.10 1.3 61
30.8 32.3 1.50 2,900 0.39 0.39 0.09 1.4 31
32.3 33.8 1.50 1,910 - 0.24 Δ 0.07 0.8 41
33.8 35.7 1.90 650 - 0.08 Δ 0.18 3.7 163
35.7 37.2 1.50 530 - 0.07 Δ 0.18 4.4 56
37.2 38.7 1.50 2,820 0.37 0.37 0.85 101.0 1,215
38.7 40.2 1.50 430 - 0.05 Δ 0.35 52.8 120
40.2 41.8 1.60 2,400 0.32 0.32 0.53 286.0 730
41.8 42.6 0.80 4,590 0.63 0.63 0.61 345.0 2,940
42.6 45.5 2.90 1,670 - 0.21 Δ 0.16 11.3 66
PM24-038 58.0 59.5 1.50 2,930 0.49 0.49 1.37 Ø 355.0 176 6m @ 0.24% WO3, 0.02% Cu, 1.09% Zn & 253.25 g/t Ag 18.2m @ 0.25% WO3, 0.08% Cu, 1.03% Zn & 97.64 g/t Ag
59.5 61.0 1.50 1,410 - 0.18 Δ 0.98 355.0 140
61.0 62.5 1.50 1,710 - 0.22 Δ 1.04 Ø 129.0 122
62.5 64.0 1.50 740 - 0.09 Δ 0.97 174.0 382
64.0 65.5 1.50 2,410 0.32 0.32 1.80 Ø 66.5 1,070
65.5 67.2 1.70 1,300 - 0.16 Δ 1.27 Ø 13.2 1,410
67.2 68.7 1.50 1,400 - 0.18 Δ 1.84 Ø 19.2 3,380
68.7 70.2 1.50 2,040 0.29 0.29 0.88 44.2 970
70.2 71.7 1.50 400 - 0.05 Δ 0.53 4.3 484
71.7 73.1 1.40 1,690 - 0.21 Δ 1.11 Ø 5.4 363
73.1 74.6 1.50 2,770 0.40 0.40 0.44 6.1 448
74.6 76.2 1.60 3,060 0.46 0.46 0.18 10.7 581
PM24-039 26.5 27.9 1.40 1,650 - 0.21 Δ 0.17 3.9 248 7.5m @ 0.21% WO3, 0.01% Cu, 0.12% Zn & 2.91 g/t Ag
27.9 29.4 1.50 2,040 0.28 0.28 0.07 1.5 100
29.4 30.9 1.50 1,150 - 0.15 Δ 0.08 2.0 138
30.9 32.4 1.50 1,430 - 0.18 Δ 0.14 2.3 60
32.4 34.0 1.60 1,730 - 0.22 Δ 0.15 4.8 92
PM24-039 41.8 43.3 1.50 3,650 0.52 0.52 2.18 Ø 106.0 15,150 12.1m @ 0.35% WO3, 0.51% Cu, 0.98% Zn & 57.24 Ag
43.3 44.2 0.90 2,470 0.33 0.33 0.85 17.4 3,990
44.2 45.7 1.50 2,320 0.32 0.32 0.90 46.0 8,200
45.7 47.5 1.80 2,820 0.41 0.41 1.34 Ø 38.5 9,820
47.5 49.1 1.60 3,580 0.64 0.64 0.82 201.0 1,820
49.1 50.7 1.60 2,030 0.27 0.27 0.66 17.4 1,095
50.7 52.2 1.50 1,250 - 0.16 Δ 0.42 9.8 100
52.2 53.9 1.70 1,310 - 0.17 Δ 0.60 9.1 381
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: WO(3) % calculated as W % multiplied by 1.2611
c: ALS method Zn-OG62
Δ: denotes WO(3) % calculated using W ppm (method ME-XRF15c)
F: denotes Zn % calculated using Zn ppm (method ME-ICP61)
Figure 1: 2025 drillhole plan map showing the location of all holes drilled to
date. Red drill collars represent holes for which assays have been reported,
yellow collars are holes still to be reported.
References
1: ALS USA Inc. analytical method utilised: ME-ICP61
for all samples, with ME-ICP61 overlimit samples also analysed using Ore Grade
packages Ag-OG62, Cu-OG62, Pb-OG62, Zn-OG62, and W-XRF15c for high-grade
tungsten.
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.
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
(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
Broker
Damon Heath/Erik Woolgar
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