Guardian Metal Resources reports successful drilling results

(Alliance News) - Guardian Metal Resources PLC on Thursday reported good progress with recent ...

Alliance News 22 August, 2024 | 3:53PM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Guardian Metal Resources PLC on Thursday reported good progress with recent drilling which has confirmed mineralisation.

The London-based metal exploration & development company has an exclusive focus on assets in Nevada, US including the flagship Pilot Mountain project.

At Pilot Mountain, drilling operations have been underway for three months with 17 drillholes completed for a total combined 2,396.2 metres, an increase from the planned 2,000 metre programme.

Work on drillhole 18 has now commenced.

Additionally, 13 drillholes have been completed at Desert Scheelite to support the pre-feasibility study.

Chief Executive Officer Oliver Friesen said: "Our drilling at Desert Scheelite has successfully intersected the mineralised skarn zones where expected and in multiple holes, within the hanging wall and footwall. In addition, and notably, drilling into Desert Scheelite Parallel West has confirmed the presence of a previously undiscovered strongly altered skarn zone at Pilot Mountain.

"It is important to also note that to date, only two of the company's multiple exploration targets identified have been drill tested, both confirming new mineralised and altered zones."

Guardian Metal shares were down 5.0% at 36.00 pence each in London on Thursday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Guardian Metal Resources PLC 34.20 GBX -5.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures