30 December 2024
Guardian Metal Resources
plc
('Guardian Metal' or the
'Company')
Pilot Mountain - Drilling
Update
Desert Scheelite - Further
Very High-Grade Tungsten 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
covering PM24-018 to PM24-028 with some further very high-grade
tungsten results being intersected. To date, 39 drillholes have
been completed. The drill pad for the 40th hole is
prepared and drilling is expected to recommence on 6 January 2025
(Fig. 1). The Company is also preparing a separate notice permit
which will facilitate the preparation of up to 20 drill pads at the
Project's 'Garnet' tungsten-copper-silver-zinc zone.
The Company is also now in receipt
of the phase I garnet metallurgical results and is in the process
of compiling those and will release to the market as soon as it is
possible to do so.
The Company previously announced an
earlier set of assay results from the Project on 26 November 2024.
The assay results included in the database supplied to the Company
incorrectly overstated some of the WO3 assay results for
three drillholes. The relevant sections of the announcement
of 26 November 2024 are restated below with the corrected and
restated WO3 assay results highlighted in bold in Table
3.
Oliver Friesen, CEO of Guardian Metal,
commented:
"This batch of results takes us another step
closer to the updated resource estimate which feeds into the
updated mine plan and eventual pre-feasibility study for our
flagship Pilot Mountain Project. We are also very pleased to have
intercepted the two single highest drilled tungsten assays from
across the Project, including 3.04% and 3.01% WO3,
highlighting the tremendous upside potential that continues to
exist as we advance exploration and development of our flagship
asset.
"In tandem, we continue to push forward the due diligence
process for the Tempiute Mine & Mill Project which, together
with Pilot Mountain, represents a significant portfolio of
USA-based tungsten assets which strategically position Guardian
Metal to benefit from the resurgence of USA-focused critical metals
mining that we expect will gain significant momentum over the next
several years."
Desert Scheelite Highlights:
§ Laboratory
assay results confirm multiple tungsten, copper, silver and zinc
rich intervals from the latest batch of results, including the two
highest tungsten intersections to date from the Project, 3.04%
WO3 (from 122.6m - 123.4m in drillhole PM24-022) and
3.01% WO3 (from 62.3m - 63.1m in drillhole
PM24-023).
§ Drillhole
PM24-022 highlight downhole intersections:
o 44.2m @ 0.234%
W03, 17.0g/t Ag, 1,413ppm Cu & 0.74%
Zn from 119.5 - 163.7m (44.2m @
0.39% WO3Eq* or 1.45% CuEq**); including
- 3.7m @ 1.448% W03, 21.0g/t Ag,
5,016ppm Cu & 3.33% Zn from 122.6 - 126.3m (3.7m @
1.94% WO3Eq* or 7.27% CuEq**); and
- 8.3m @ 0.359% W03,7.1g/t Ag,
3,987ppm Cu & 0.34% Zn from 155.4 - 163.7m (8.3m @
0.52% WO3Eq* or 1.93% CuEq**).
§ Drillhole
PM24-018 highlight downhole intersection :
o 20.4 @ 0.514% W03,
28.5g/t Ag, 5,578ppm Cu & 0.45%
Zn from 119.3 - 139.7m (20.4m @
0.78% WO3Eq* or 2.93% CuEq**).
§ Drillhole
PM24-023 highlight downhole intersection :
3.8m @ 1.861% W03, 52.6g/t Ag, 6874ppm Cu &
0.59% Zn from 59.3 - 63.1m (3.8m @
2.25% WO3Eq* or 8.41% CuEq**).
*,**Copper
and W03 Equivalent ("WO3Eq") are calculated
using a tungsten price of US $332.5/MTU, a zinc price of
US$1.3448/lb, a copper price of US3.9965/lb and a silver price of
US$28.72/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)
|
|
PM24-018
|
Desert
Scheelite
|
424297
|
4248353
|
187
|
-65
|
169.8
|
|
PM24-019
|
Desert
Scheelite
|
424234
|
4248317
|
178
|
-59
|
65.4
|
|
PM24-020
|
Desert
Scheelite
|
424255
|
4248320
|
179
|
-54
|
66.2
|
|
PM24-021
|
Desert
Scheelite
|
424254
|
4248348
|
182
|
-54
|
107.4
|
|
PM24-022
|
Desert
Scheelite
|
424234
|
4248358
|
178
|
-64
|
174.0
|
|
PM24-023
|
Desert
Scheelite
|
424144
|
4248321
|
181
|
-48
|
74.1
|
|
PM24-024
|
Desert
Scheelite
|
424369
|
4248337
|
180
|
-64
|
119.8
|
|
PM24-025
|
Desert
Scheelite
|
424358
|
4248318
|
175
|
-75
|
130.1
|
|
PM24-026
|
Desert
Scheelite
|
424219
|
4248325
|
180
|
-65
|
9.1
|
|
PM24-027
|
Desert
Scheelite
|
424185
|
4248325
|
180
|
-55
|
60.0
|
|
PM24-028
|
Desert
Scheelite
|
424185
|
4248327
|
184
|
-53
|
90.4
|
#UTM Zone 11 North NAD83
datum
Table 2: Significant Diamond Drillhole Assay
Results1
|
Hole ID
|
Downhole Depth
(m)
|
Interval
(m)
|
W
|
WO3
|
Zn
|
Ag
|
Cu
|
Intersection
Composites
|
|
From
|
To
|
(ppm) a
|
(%)
b
|
(%) c
|
(g/t) a
|
(ppm) a
|
(weighted averages)
c
|
|
PM24-018
|
103.2
|
104.6
|
1.40
|
670
|
0.08
|
|
2.60
|
|
25.4
|
317
|
4.4m @
0.08% WO3, 0.02% Cu, 2.15% Zn & 39.3 g/t
Ag
|
|
104.6
|
106.1
|
1.50
|
690
|
0.09
|
|
1.75
|
|
25.9
|
225
|
|
106.1
|
107.6
|
1.50
|
520
|
0.07
|
|
2.13
|
|
65.8
|
204
|
|
PM24-018
|
119.3
|
120.8
|
1.50
|
1,250
|
0.16
|
|
1.65
|
|
28.4
|
212
|
20.4m @
0.51% WO3, 0.56% Cu, 0.45% Zn & 28.5 g/t
Ag
|
|
120.8
|
122.2
|
1.40
|
2,960
|
0.40
|
Δ
|
3.38
|
|
135.0
|
566
|
|
122.2
|
123.9
|
1.70
|
1,930
|
0.24
|
|
0.27
|
F
|
46.9
|
191
|
|
123.9
|
125.3
|
1.40
|
960
|
0.12
|
|
0.29
|
F
|
9.6
|
613
|
|
125.3
|
126.8
|
1.50
|
3,710
|
0.73
|
Δ
|
0.07
|
F
|
6.8
|
2,630
|
|
126.8
|
127.6
|
0.80
|
2,710
|
0.41
|
Δ
|
0.06
|
F
|
11.2
|
4,880
|
|
127.6
|
129.0
|
1.40
|
2,340
|
0.33
|
Δ
|
0.03
|
F
|
4.4
|
2,170
|
|
129.0
|
130.1
|
1.10
|
2,950
|
2.08
|
Δ
|
0.06
|
F
|
15.6
|
8,180
|
|
130.1
|
131.6
|
1.50
|
3,660
|
1.32
|
Δ
|
0.05
|
F
|
13.3
|
6,990
|
|
131.6
|
133.1
|
1.50
|
2,260
|
0.64
|
Δ
|
0.07
|
F
|
19.2
|
9,560
|
|
133.1
|
134.4
|
1.30
|
810
|
0.10
|
|
0.08
|
F
|
21.0
|
11,250
|
|
134.4
|
135.9
|
1.50
|
1,750
|
0.22
|
|
0.05
|
F
|
18.0
|
9,580
|
|
135.9
|
137.3
|
1.40
|
750
|
0.09
|
|
0.07
|
F
|
24.3
|
12,400
|
|
137.3
|
138.8
|
1.50
|
3,510
|
0.65
|
Δ
|
0.10
|
F
|
23.6
|
9,670
|
|
138.8
|
139.7
|
0.90
|
2,980
|
0.47
|
Δ
|
0.26
|
F
|
47.1
|
6,590
|
|
PM24-019
|
27.4
|
28.5
|
1.10
|
1,200
|
0.15
|
|
0.11
|
F
|
1.0
|
109
|
17.7m @
0.18% WO3, 0.06% Cu, 0.36% Zn & 4.3 g/t
Ag
|
|
28.5
|
29.5
|
1.00
|
1,870
|
0.24
|
|
0.14
|
F
|
1.6
|
119
|
|
29.5
|
30.8
|
1.30
|
420
|
0.05
|
|
0.11
|
F
|
1.1
|
69
|
|
30.8
|
32.4
|
1.60
|
980
|
0.12
|
|
0.12
|
F
|
3.8
|
167
|
|
32.4
|
34.1
|
1.70
|
770
|
0.10
|
|
0.09
|
F
|
4.4
|
103
|
|
34.1
|
35.6
|
1.50
|
570
|
0.07
|
|
0.23
|
F
|
5.6
|
347
|
|
35.6
|
37.0
|
1.40
|
2,610
|
0.35
|
Δ
|
0.88
|
F
|
7.3
|
755
|
|
37.0
|
38.7
|
1.70
|
2,630
|
0.35
|
Δ
|
1.48
|
|
5.8
|
1,365
|
|
38.7
|
40.2
|
1.50
|
1,650
|
0.21
|
|
0.41
|
F
|
6.0
|
1,695
|
|
40.2
|
41.7
|
1.50
|
1,790
|
0.23
|
|
0.27
|
F
|
7.8
|
1,440
|
|
41.7
|
43.2
|
1.50
|
860
|
0.11
|
|
0.12
|
F
|
2.5
|
421
|
|
43.2
|
44.7
|
1.50
|
1,650
|
0.21
|
|
0.19
|
F
|
2.7
|
843
|
|
44.7
|
45.1
|
0.40
|
1,220
|
0.15
|
|
0.05
|
F
|
1.8
|
308
|
|
PM24-020
|
29.1
|
30.6
|
1.50
|
1,710
|
0.22
|
|
0.11
|
F
|
2.0
|
865
|
13.9m @
0.26% WO3, 0.06% Cu, 0.08% Zn & 2.4 g/t
Ag
|
|
30.6
|
32.1
|
1.50
|
2,700
|
0.37
|
Δ
|
0.22
|
F
|
4.4
|
841
|
|
32.1
|
33.6
|
1.50
|
2,480
|
0.33
|
Δ
|
0.04
|
F
|
1.0
|
235
|
|
33.6
|
35.1
|
1.50
|
2,970
|
0.61
|
Δ
|
0.08
|
F
|
2.3
|
286
|
|
35.1
|
36.6
|
1.50
|
1,080
|
0.14
|
|
0.07
|
F
|
1.6
|
303
|
|
36.6
|
38.1
|
1.50
|
1,630
|
0.21
|
|
0.07
|
F
|
2.7
|
1,005
|
|
38.1
|
39.6
|
1.50
|
1,550
|
0.20
|
|
0.05
|
F
|
5.7
|
1,785
|
|
39.6
|
40.8
|
1.20
|
1,650
|
0.21
|
|
0.07
|
F
|
1.4
|
116
|
|
40.8
|
43.0
|
2.20
|
1,080
|
0.14
|
|
0.04
|
F
|
1.1
|
159
|
|
PM24-020
|
56.2
|
57.7
|
1.50
|
1,520
|
0.19
|
|
0.12
|
F
|
2.8
|
484
|
3.8m @
0.24% WO3, 0.04% Cu, 0.09% Zn & 2.5 g/t
Ag
|
|
57.7
|
58.8
|
1.10
|
880
|
0.11
|
|
0.09
|
F
|
3.3
|
307
|
|
58.8
|
60.0
|
1.20
|
2,800
|
0.43
|
Δ
|
0.05
|
F
|
1.3
|
245
|
|
PM24-022
|
106.4
|
107.9
|
1.50
|
330
|
0.04
|
|
0.99
|
|
6.0
|
438
|
3.40m @
0.05% WO3, 0.07% Cu, 2.19% Zn & 56.3 g/t
Ag
|
|
107.9
|
109.8
|
1.90
|
440
|
0.06
|
|
3.14
|
|
96.0
|
878
|
|
PM24-022
|
119.5
|
121.0
|
1.50
|
1,250
|
0.16
|
|
3.94
|
|
6.8
|
1,065
|
|
44.2m @
0.23% WO3, 0.14% Cu, 0.74% Zn & 17.0 g/t
Ag
|
|
121.0
|
122.6
|
1.60
|
880
|
0.11
|
|
2.41
|
|
90.8
|
3,280
|
|
122.6
|
123.4
|
0.80
|
4,970
|
3.04
|
Δ
|
0.65
|
F
|
16.1
|
3,180
|
3.7m @
1.45% WO3, 0.50% Cu, 3.33% Zn & 21.0 g/t
Ag
|
|
123.4
|
124.6
|
1.20
|
3,100
|
1.63
|
Δ
|
4.23
|
|
23.6
|
11,350
|
|
124.6
|
126.3
|
1.70
|
4,340
|
0.57
|
Δ
|
3.96
|
|
21.5
|
1,410
|
|
126.3
|
127.7
|
1.40
|
1,590
|
0.20
|
|
0.94
|
F
|
112.0
|
121
|
|
|
127.7
|
129.2
|
1.50
|
580
|
0.07
|
|
0.12
|
F
|
10.8
|
25
|
|
129.2
|
132.2
|
3.00
|
210
|
0.03
|
|
0.07
|
F
|
-
|
30
|
|
132.2
|
135.2
|
3.00
|
840
|
0.11
|
|
0.11
|
F
|
17.2
|
160
|
|
135.2
|
136.7
|
1.50
|
260
|
0.03
|
|
0.03
|
F
|
-
|
73
|
|
136.7
|
138.1
|
1.40
|
230
|
0.03
|
|
0.03
|
F
|
0.5
|
204
|
|
138.1
|
139.6
|
1.50
|
1,160
|
0.15
|
|
2.89
|
|
69.7
|
786
|
|
139.6
|
141.0
|
1.40
|
890
|
0.11
|
|
0.24
|
F
|
89.0
|
136
|
|
141.0
|
142.7
|
1.70
|
500
|
0.06
|
|
0.04
|
F
|
-
|
46
|
|
142.7
|
145.4
|
2.70
|
180
|
0.02
|
|
0.12
|
F
|
0.8
|
70
|
|
145.4
|
148.4
|
3.00
|
80
|
0.01
|
|
0.09
|
F
|
-
|
94
|
|
148.4
|
151.5
|
3.10
|
250
|
0.03
|
|
0.06
|
F
|
0.9
|
175
|
|
151.5
|
153.0
|
1.50
|
100
|
0.01
|
|
0.04
|
F
|
-
|
69
|
|
153.0
|
154.2
|
1.20
|
100
|
0.01
|
|
0.04
|
F
|
-
|
88
|
|
154.2
|
155.4
|
1.20
|
150
|
0.02
|
|
0.05
|
F
|
1.5
|
114
|
|
155.4
|
156.5
|
1.10
|
3,120
|
0.41
|
Δ
|
1.48
|
|
28.9
|
17,450
|
8.3m @
0.36% WO3, 0.40% Cu, 0.34% Zn & 7.1 g/t
Ag
|
|
156.5
|
158.0
|
1.50
|
4,170
|
0.56
|
Δ
|
0.28
|
F
|
8.3
|
4,560
|
|
158.0
|
159.2
|
1.20
|
650
|
0.08
|
|
0.06
|
F
|
1.3
|
867
|
|
159.2
|
160.3
|
1.10
|
3,470
|
0.46
|
Δ
|
0.37
|
F
|
4.6
|
2,760
|
|
160.3
|
161.8
|
1.50
|
70
|
0.01
|
|
0.02
|
F
|
-
|
116
|
|
161.8
|
163.0
|
1.20
|
760
|
0.10
|
|
0.13
|
F
|
3.7
|
564
|
|
163.0
|
163.7
|
0.70
|
8,560
|
1.37
|
Δ
|
0.22
|
F
|
4.6
|
3,040
|
|
PM24-023
|
40.9
|
42.4
|
1.50
|
2,470
|
0.31
|
Δ
|
1.46
|
|
2.0
|
769
|
7.5m @
0.19 % WO3, 0.05% Cu, 0.75% Zn & 2.0 g/t
Ag
|
|
42.4
|
43.9
|
1.50
|
3,010
|
0.41
|
Δ
|
1.58
|
|
6.3
|
1,560
|
|
43.9
|
45.4
|
1.50
|
1,070
|
0.13
|
|
0.23
|
F
|
1.6
|
110
|
|
45.4
|
46.9
|
1.50
|
250
|
0.03
|
|
0.16
|
F
|
-
|
103
|
|
46.9
|
48.4
|
1.50
|
420
|
0.05
|
|
0.32
|
F
|
-
|
70
|
|
PM24-023
|
59.3
|
60.8
|
1.50
|
4,680
|
0.67
|
Δ
|
1.11
|
|
11.4
|
10,850
|
3.8m @
1.86% WO3, 0.69% Cu, 0.59% Zn & 52.6 g/t
Ag
|
|
60.8
|
62.3
|
1.50
|
2,950
|
2.44
|
Δ
|
0.25
|
F
|
72.4
|
4,880
|
|
62.3
|
63.1
|
0.80
|
2,760
|
3.01
|
Δ
|
0.27
|
F
|
92.8
|
3,160
|
|
PM24-024
|
90.2
|
91.6
|
1.40
|
2,240
|
0.30
|
Δ
|
0.86
|
F
|
64.6
|
807
|
1.4m @
0.30% WO3, 0.08% Cu, 0.86% Zn & 64.6 g/t
Ag
|
|
PM24-025
|
76.7
|
78.2
|
1.50
|
2,340
|
0.30
|
Δ
|
0.59
|
F
|
42.9
|
113
|
1.5m @
0.30% WO3, 0.01% Cu, 0.59% Zn & 42.9 g/t
Ag
|
|
PM24-025
|
82.7
|
84.2
|
1.50
|
4,000
|
0.53
|
Δ
|
0.12
|
F
|
-
|
111
|
5.9m @
0.30% WO3, 0.07% Cu, 0.36% Zn & 3.2 g/t
Ag
|
|
84.2
|
85.6
|
1.40
|
1,770
|
0.22
|
|
0.16
|
F
|
2.5
|
390
|
|
85.6
|
87.1
|
1.50
|
860
|
0.11
|
|
0.65
|
F
|
9.7
|
1,940
|
|
87.1
|
88.6
|
1.50
|
2,600
|
0.34
|
Δ
|
0.49
|
F
|
0.6
|
279
|
|
PM24-025
|
96.1
|
97.6
|
1.50
|
1,560
|
0.20
|
|
0.56
|
F
|
4.2
|
308
|
3.0m @
0.25% WO3, 0.05% Cu, 0.88% Zn & 2.7 g/t
Ag
|
|
97.6
|
99.1
|
1.50
|
2,380
|
0.31
|
Δ
|
1.20
|
|
1.2
|
741
|
|
PM24-027
|
51.3
|
52.8
|
1.50
|
1,520
|
0.19
|
|
0.21
|
F
|
44.3
|
244
|
6.0m @
0.28% WO3, 0.02% Cu, 1.35% Zn & 17.8 g/t
Ag
|
|
52.8
|
54.3
|
1.50
|
1,690
|
0.21
|
|
0.77
|
F
|
20.2
|
159
|
|
54.3
|
55.8
|
1.50
|
2,620
|
0.35
|
Δ
|
4.10
|
|
5.3
|
202
|
|
55.8
|
57.3
|
1.50
|
2,800
|
0.38
|
Δ
|
0.31
|
F
|
1.5
|
65
|
|
PM24-028
|
53.9
|
55.4
|
1.50
|
2,570
|
0.33
|
Δ
|
3.90
|
|
28.0
|
1,205
|
4.1m @
0.31% WO3, 0.06% Cu, 2.66% Zn & 11.3 g/t
Ag
|
|
55.4
|
57.0
|
1.60
|
1,820
|
0.23
|
|
3.11
|
|
2.4
|
350
|
|
57.0
|
58.0
|
1.00
|
3,050
|
0.41
|
Δ
|
0.10
|
F
|
0.5
|
21
|
|
PM24-028
|
63.2
|
65.5
|
2.30
|
1,520
|
0.19
|
|
0.97
|
F
|
14.3
|
914
|
2.3m @
0.19% WO3, 0.09% Cu, 0.97% Zn & g/t 14.3 g/t
Ag
|
|
PM24-028
|
70.7
|
71.9
|
1.20
|
1,670
|
0.21
|
|
0.06
|
F
|
0.6
|
44
|
1.2m @
0.21% WO3, 0.06% Zn & 0.6 g/t Ag
|
|
PM24-028
|
74.9
|
76.4
|
1.50
|
2,100
|
0.28
|
Δ
|
0.39
|
F
|
23.2
|
1,190
|
1.5m @
0.28% WO3, 0.12% Cu, 0.39% Zn & 23.2 g/t
Ag
|
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: WO3 % calculated as W % multiplied by
1.2611
c:
ALS method Zn-OG62
Δ:
denotes WO3 % calculated
using W ppm (method ME-XRF15c)
F: denotes Zn % calculated using Zn ppm (method
ME-ICP61)
A review of the Pilot Mountain assay
database identified a change in the laboratory assay method for
overlimit tungsten (W-XRF10) to overlimit WO3
(ME-XRF15c) that was previously not flagged for drill holes
PM24-014, PM24-016 & PM24-017, meaning that the overlimit
samples for those holes were stated as calculated WO3 (W
% multiplied by 1.2611) as opposed to assayed WO3. The WO3 grades in bold type below
and in the corresponding Table 3 are corrected and restated from
the announcement dated 26 November 2024.2 All zinc,
silver, copper, and W (analysed via ME-ICP61) results remain
unchanged.
§ PM24-017
downhole highlight drill intersections comprise:
o 46m @
0.345% W03,
12.2g/t Ag, 2,476ppm Cu & 0.37% Zn from
66.4 - 112.4m (46m @ 0.48% WO3Eq* or 1.79% CuEq**);
including
- 10.8m @
0.558%
W03, 1.2g/t Ag, 684ppm Cu & 0.18%
Zn from 66.4 - 77.2m (10.8m @ 0.60% WO3Eq* or 2.21%
CuEq**); and
- 7.6m @
0.727%
W03, 29.2g/t Ag, 10,982ppm Cu (1.098%)
& 0.64% Zn from 101.2 - 108.8m (7.6m @ 1.17%
WO3Eq* or 4.33% CuEq**).
§ PM24-014
downhole highlight drill intersection comprises:
o 15.1m @
0.133% W03,
45.2g/t Ag, 12,923ppm Cu (1.292%) &
0.65% Zn from 20.4 - 35.5m (15.1m @ 0.67% WO3Eq* or 2.49%
CuEq**).
Table 3: 26 November 2024 Restated Assay
Results
|
Hole ID
|
Downhole Depth
(m)
|
Interval
(m)
|
W
|
WO3
|
|
Zn
|
|
Ag
|
Cu
|
Intersection
Composites
|
|
From
|
To
|
(ppm) a
|
(%) b
|
|
(%) c
|
|
(g/t) a
|
(ppm) a
|
(weighted averages)
c
|
|
PM24-014
|
20.4
|
23.5
|
3.1
|
1,380
|
0.17
|
|
0.62
|
|
17.3
|
8,230
|
15.1m @
0.133% WO3,
45.2g/t Ag, 0.65 % Zn & 1.29 % Cu
|
|
23.5
|
25
|
1.5
|
1,260
|
0.16
|
|
0.49
|
|
30.7
|
9,940
|
|
25
|
26.5
|
1.5
|
2,210
|
0.31
|
Δ
|
0.86
|
|
105
|
50,200
|
|
26.5
|
27.8
|
1.3
|
860
|
0.11
|
|
0.67
|
|
48.2
|
11,950
|
|
27.8
|
30
|
2.2
|
600
|
0.08
|
|
0.97
|
|
142
|
3,480
|
|
30
|
31.5
|
1.5
|
140
|
0.02
|
|
0.53
|
|
5.9
|
468
|
|
31.5
|
32.8
|
1.3
|
130
|
0.02
|
|
0.64
|
|
5.7
|
782
|
|
32.8
|
34.3
|
1.5
|
1,570
|
0.20
|
|
0.41
|
|
7.6
|
30,600
|
|
34.3
|
35.5
|
1.2
|
720
|
0.09
|
|
0.49
|
|
18.3
|
7,180
|
|
|
|
PM24-015
|
25.3
|
26.8
|
1.5
|
1,750
|
0.22
|
|
0.58
|
|
5.8
|
1,315
|
7.0m @
0.200% WO3, 6.2 g/t Ag, 0.79% Zn & 0.18%
Cu
|
|
26.8
|
28.3
|
1.5
|
1,860
|
0.23
|
|
1.21 F
|
|
8.9
|
2,880
|
|
28.3
|
29.3
|
1
|
1,730
|
0.22
|
|
0.42
|
|
4
|
1,110
|
|
29.3
|
32.3
|
3
|
1,320
|
0.17
|
|
0.81
|
|
5.8
|
1,700
|
|
33.8
|
34.8
|
1
|
1,070
|
0.13
|
|
0.71
|
|
18.2
|
10,350
|
2.5m @
0.069% WO3, 10.8 g/t Ag, 0.66% Zn & 0.97%
Cu
|
|
34.8
|
36.3
|
1.5
|
200
|
0.03
|
|
0.62
|
|
5.9
|
9,300
|
|
|
|
PM24-016
|
78.3
|
79.8
|
1.5
|
1,700
|
0.21
|
|
0.04
|
|
1
|
336
|
4.6m @
0.292% WO3, 42.7
g/t Ag, 0.92% Zn & 0.05% Cu
|
|
79.8
|
81.4
|
1.6
|
2,210
|
0.30
|
Δ
|
1.16
|
F
|
1.7
|
366
|
|
81.4
|
82.9
|
1.5
|
2,800
|
0.36
|
Δ
|
1.56
|
F
|
128
|
802
|
|
|
|
PM24-017
|
66.4
|
68.1
|
1.7
|
5,290
|
1.50
|
Δ
|
0.16
|
|
4.3
|
2,030
|
10.8m @
0.558% WO3, 1.23
g/t Ag, 0.18% Zn & 0.07% Cu
|
46.0m @
0.345% WO3, 12.2
g/t Ag, 0.37% Zn & 0.25% Cu
|
|
68.1
|
69.6
|
1.5
|
2,770
|
0.82
|
Δ
|
0.52
|
|
2.3
|
832
|
|
69.6
|
71.1
|
1.5
|
1,870
|
0.24
|
|
0.04
|
|
-
|
75
|
|
71.1
|
72.7
|
1.6
|
3,260
|
0.42
|
Δ
|
0.05
|
|
-
|
446
|
|
72.7
|
74.2
|
1.5
|
1,770
|
0.22
|
|
0.16
|
|
1.2
|
359
|
|
74.2
|
75.7
|
1.5
|
1,460
|
0.18
|
|
0.11
|
|
-
|
169
|
|
75.7
|
77.2
|
1.5
|
3,080
|
0.41
|
Δ
|
0.23
|
|
0.5
|
711
|
|
77.2
|
78.7
|
1.5
|
1,570
|
0.20
|
|
0.2
|
|
-
|
130
|
|
|
78.7
|
80.6
|
1.9
|
1,290
|
0.16
|
|
0.37
|
|
-
|
99
|
|
80.6
|
82.1
|
1.5
|
150
|
0.02
|
|
0.06
|
|
2
|
29
|
|
82.1
|
83.5
|
1.4
|
110
|
0.01
|
|
0.03
|
|
-
|
32
|
|
83.5
|
85
|
1.5
|
1,240
|
0.16
|
|
0.18
|
|
0.6
|
65
|
|
85
|
86.5
|
1.5
|
670
|
0.08
|
|
0.07
|
|
-
|
81
|
|
86.5
|
88
|
1.5
|
1,490
|
0.19
|
|
0.64
|
|
14.9
|
633
|
|
88
|
91
|
3
|
1,660
|
0.21
|
|
0.09
|
|
1.2
|
163
|
|
91
|
92.5
|
1.5
|
1,290
|
0.16
|
|
0.38
|
|
1.6
|
83
|
|
92.5
|
93.7
|
1.2
|
2,530
|
0.33
|
Δ
|
1.86
|
F
|
4.9
|
273
|
|
93.7
|
95.2
|
1.5
|
240
|
0.03
|
|
0.07
|
|
2.6
|
27
|
|
95.2
|
96.6
|
1.4
|
20
|
0.00
|
|
0.04
|
|
-
|
24
|
|
96.6
|
98.1
|
1.5
|
550
|
0.07
|
|
0.7
|
|
32.1
|
354
|
|
98.1
|
99.7
|
1.6
|
2,310
|
0.32
|
Δ
|
1.3
|
F
|
124
|
225
|
|
99.7
|
101.2
|
1.5
|
1,170
|
0.15
|
|
0.57
|
|
5.6
|
2,220
|
|
101.2
|
102.7
|
1.5
|
2,490
|
0.32
|
Δ
|
0.27
|
|
7.9
|
992
|
7.6m @
0.727% WO3,
29.15 g/t Ag, 0.64% Zn & 1.10% Cu
|
|
102.7
|
103.6
|
0.9
|
3,340
|
1.51
|
Δ
|
0.74
|
|
13.6
|
5,040
|
|
103.6
|
104.7
|
1.1
|
2,640
|
0.66
|
Δ
|
0.25
|
|
4.8
|
2,000
|
|
104.7
|
105.9
|
1.2
|
2,690
|
1.58
|
Δ
|
1.78
|
F
|
31.9
|
16,950
|
|
105.9
|
107.3
|
1.4
|
3,210
|
0.47
|
Δ
|
0.75
|
|
19.3
|
8,680
|
|
107.3
|
108.8
|
1.5
|
2,160
|
0.27
|
Δ
|
0.23
|
|
84.6
|
28,500
|
|
108.8
|
109.4
|
0.6
|
240
|
0.03
|
|
0.12
|
|
24.4
|
12,050
|
|
|
109.4
|
111.1
|
1.7
|
1,780
|
0.22
|
|
0.07
|
|
1.9
|
880
|
|
111.1
|
112.4
|
1.3
|
2,650
|
0.35
|
Δ
|
0.1
|
|
10.2
|
5,730
|
Table 3
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: WO3 % calculated as W % multiplied by
1.2611
c:
ALS method Zn-OG62
Δ:
denotes WO3 % calculated
using W ppm (method ME-XRF15c)
F: denotes Zn % calculated using Zn ppm (method
ME-ICP61)
Figure 1:
2024 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.
2:
https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-significant-drill-results/16781172
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
or contact the following:
|
Guardian Metal Resources plc
Oliver Friesen (CEO)
|
Tel: +44 (0)
20 7583 8304
|
|
Cairn Financial Advisers LLP
Nominated Adviser
Sandy Jamieson/Jo Turner/Louise
O'Driscoll
|
Tel: +44 20 7213 0880
|
|
Shard Capital Partners LLP
Broker
Damon Heath/Erik Woolgar
|
Tel: +44 (0) 20 7186 9000
|
