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IN BRIEF: Golden Metal results identifies Carlin-type gold targets

1st Jun 2023 19:43

Golden Metal Resources PLC - Nevada, US-focused tungsten, gold, copper, silver and zinc exploration company - Announces exploration results from its Golconda Summit gold project in Nevada. Says rock sampling results returned significant arsenic anomalism, the main alteration element associated with Carlin-type gold systems. Explains results further suggest the presence of a "feeder zone" and therefore the possibility that a Carlin-type gold system may exist within the project at depth. Chief Executive Oliver Friesen says: "The results presented today give further support that a significant Carlin-type gold system may be present within the project."

Current stock price: 7.34 pence

12-month change: down 9.8%

By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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