3rd Jun 2025 18:25
(Alliance News) - Guardian Metal Resources PLC on Tuesday provided an exploration update from its 100%-owned Garfield project in the Walker Lane Mineral Belt in Nevada.
Guardian is a London-based metal exploration and development company, formerly known as Golden Metal Resources.
Results showed the highest grade gold results to date from Garfield including 61.0 grams per tonne of gold from a quartz vein on a mine dump in the Freeze Zone as well as 47.0 grams per tonne of silver from mine dump vein material in the Pamlico zone.
Chief Executive Officer Oliver Friesen commented: "Once again our low-cost exploration at Garfield has delivered meaningful results to the business. It is also worth reiterating that we remain focused on structuring any future partnerships around our non-core assets in a way that delivers clear benefits to our shareholders and supports long-term project growth.
"As the resurgence of US mining accelerates, Guardian Metal is well positioned to contribute meaningfully, offering investors direct exposure through our flagship tungsten assets and additional blue-sky upside from early-stage base and precious metal projects like Garfield and Golconda."
Freeze Zone results also showed several multi-gram mine dump quartz vein samples including 6.6 g/t, 5.7 g/t, 4.4 g/t and 2.1 g/t of gold.
Further study of the Pamlico Zone yielded an outcrop rock chip sample from an opaline epithermal quartz vein, which returned 10.3 g/t silver.
The company described a silica-adularia alteration observed in an outcropping of volcaniclastic rock in the newly claimed 'Freeze East Zone' as "highly prospective for underlying epithermal mineralisation."
Further, Guardian has determined that high-grade epithermal vein structures in the Pamlico and Freeze Zones have the same west-north-westerly trending orientations. As such they are likely to be genetically related. Guardian has also observed hydrothermal breccias in the site's High Grade Zone and is investigating whether epithermal mineralisation may overprint skarn mineralisation there.
The company continues to discuss potential joint venture or option agreements at the project and will provide updates as they arise.
Guardian Metal Resources shares closed up 5.7% at 41.00p in London on Tuesday.
By Aidan Lane, Alliance News reporter
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