Golden Metal Resources PLC Publication of Inaugural ESG Report
June 01 2023 - 1:00AM
RNS Non-Regulatory
TIDMGMET
Golden Metal Resources PLC
01 June 2023
1 June 2023
Golden Metal Resources plc
('Golden Metal' or the 'Company')
Publication of Inaugural ESG Report
Golden Metal Resources plc (LON:GMET), a mineral exploration
company focused on tungsten, gold, copper and silver within Nevada,
USA, is pleased to announce the publication of its inaugural
Environmental, Social and Governance (ESG) Report (the
"Report").
The link to the full Report can be found at the Company's
website:
https://www.goldenmetalresources.com/company/environmental-social-governance/
Highlights:
- The ESG Report published today includes data from the
Company's incorporation all the way until its admission to AIM on
May 10, 2023. The data published will act as a benchmark for the
Company as it now ramps up its exploration and development plans
across its Nevada based project portfolio.
Oliver Friesen, CEO of Golden Metal, commented:
"Since our successful admission to AIM a few weeks ago, Golden
Metal has been making positive strides across various work streams.
This includes the recently published exploration results from our
Garfield and Golconda Summit projects, and today, with the
publication of our inaugural ESG report.
"In recent years, the global investment landscape has witnessed
a profound shift towards ESG-focused investing, particularly in the
mineral exploration and development sector. This shift has led
investment houses to establish rigorous internal ESG criteria,
which must be met before investment decisions are made.
"At Golden Metal, we believe in transparency when it comes to
our ESG policies, not only because it is the right thing to do, but
also because it is essential for best positioning ourselves to
access a wide range of potential funding sources as we advance our
strategy. By demonstrating our commitment to responsible ESG
practices, we strengthen our credibility and attract investment
partners who share our values.
"To that end, as 100% owners of the Pilot Mountain Project,
which hosts one of the largest and most advanced undeveloped
tungsten resources in the USA, we understand the strategic and
critical nature of this venture. By adhering to industry leading
ESG standards, we aim to maximize the positive impact of our
activities and contribute to positive working relationships within
the USA and Nevada where we are active."
For further information visit www.goldenmetalresources.com or
contact the following:
Golden 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
--------------------------
First Equity Limited Tel: +44 20 7374 2212
Broker
Jonathan Brown/Jason Robertson
--------------------------
The Projects:
Pilot Mountain Project
The Pilot Mountain project is an advanced exploration and
mineral resource definition stage project located in Mineral County
in western Nevada. The project covers an area of 14.80 km(2)
(3,656.1 acres) and is located 200km southeast of Reno and 18km
east of Mina, Nevada. It is well situated for the supply of power,
water and skilled labour and proximity to transport infrastructure
in Mineral County and is centred around four existing mineral
deposits: Garnet; Good Hope; Gunmetal and Desert Scheelite, all of
which possess significant skarn-style tungsten-copper-silver-zinc
mineralisation. The Pilot Mountain project consists of 176 active
lode mining claims and 4 filed mill site claims. The four mill site
claims filed at the former Dunham mill site have secure access to
groundwater supply sufficient for the proposed project.
Golconda Summit Project
Golden Metal is the operator of the Golconda Summit project,
which is held under an earn-in right to acquire up to 100 per cent.
of the project from the mineral claim owner pursuant to an option
agreement. The Golconda Summit project is an exploration stage gold
and silver project located in Humboldt County and situated at the
confluence of the Getchell and Battle Mountain - Eureka
metallogenic trends, and consists of 44 lode mining claims,
covering a total area of approximately 3.22 km(2) (795.4 acres)
located approximately 27km east of Winnemucca.
Garfield Project
The Garfield project is an early exploration stage copper, gold
and silver property consisting of 39 lode mining claims covering
3.23 km(2) (797.9 acres) located in Mineral County, Nevada,
approximately 14km due east of the town of Hawthorne and 120km due
west-northwest of Tonopah.
Stonewall Project
The Stonewall project is an exploration stage gold-silver
property prospective for epithermal gold-silver mineralisation. The
property consists of 19 lode mining claims covering 1.59 km(2)
(392.5 acres) located on the northern flank of Stonewall Mountain,
on the western edge of the Nellis Airforce Range Restricted Access
Area, in Nye County, Nevada, approximately 24km south-east of the
historic gold mining town of Goldfield and 60km due south of
Tonopah.
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