NEVADA - Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a company specializing in mineral exploration and development, has announced significant tungsten assay results from its Pilot Mountain project in Nevada. The latest assay results from the ongoing drilling campaign have revealed very high-grade tungsten intersections, including two of the highest tungsten assays from the project to date.
The latest batch of drillholes, PM24-018 to PM24-028, has been completed, with 39 drillholes finished so far. The company is preparing to recommence drilling on January 6, 2025, with the drill pad for the 40th hole ready. Additionally, Guardian Metal is working on a notice permit to facilitate the creation of up to 20 drill pads at the project's 'Garnet' zone, which contains tungsten, copper, silver, and zinc.
The most notable tungsten intersections include 3.04% WO3 from drillhole PM24-022 and 3.01% WO3 from drillhole PM24-023. These results contribute to the company's progress toward an updated resource estimate, which will inform the updated mine plan and pre-feasibility study for Pilot Mountain.
Guardian Metal's CEO, Oliver Friesen, expressed optimism about the project's potential and the company's strategic positioning to benefit from the expected resurgence of critical metals mining in the USA.
The company also acknowledged an earlier error in the assay results announced on November 26, 2024, where some WO3 assay results for three drillholes were overstated. The corrected results have been highlighted in the provided tables.
The technical information in this announcement has been approved by competent person Mr. Nick O'Reilly (NASDAQ:ORLY), a qualified geologist. This announcement contains forward-looking statements subject to risks and uncertainties, and actual results may vary.
The information in this article is based on a press release statement from Guardian Metal Resources plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.