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IN BRIEF: Guardian Metal Resources highlights increase in targets

19th Aug 2024 21:59

Guardian Metal Resources PLC - Nevada, US-focused strategic development and mineral exploration company - Announces results from the ground magnetic and high-resolution induced polarisation surveys recently completed at the company's 100% owned Pilot Mountain and Garfield projects in Nevada. At Pilot Mountain, notes significant magnetic anomaly has been delineated at the Porphyry West target. The ground magnetic survey grid was extended east of Porphyry South, company adds. At Garfield, three dimensional inversion modelling of magnetic data highlights two large deep seated intrusive/magnetic bodies at the high-grade and power line zones.

"For both Pilot Mountain and Garfield the number and scale of significant porphyry targets is increasing materially, highlighting the potential for new discoveries at both projects. We are now finalising all planned drill hole locations to test the new porphyry targets at Pilot Mountain and at Garfield notice level permit applications/amendments will be submitted shortly," company says.

Current stock price: 33.42 pence

12-month change: up 293%

By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights reserved.

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