Guardian Metal - GMTLF STOCK NEWS

Guardian Metal Resources (GMTLF) has announced significant trenching results from its Golconda Summit Gold Project in Nevada's Walker Lane Mineral Belt. The company reported high-grade gold results including 6.10m at 13.12g/t Au in the 'Trench Zone' and 3.05m at 1.94g/t Au in the 'Thrust Zone', located 550m north.

The November 2024 trenching programme covered 527 metres across 10 trenches, confirming high-grade structures and testing system extensions. The project is situated near major gold mines including Nevada Gold Mines' Turquoise Ridge Complex and SSR Mining's Marigold Mine.

While Guardian remains primarily focused on tungsten exploration, these results suggest potential for a significant Carlin-type gold system, particularly encouraging due to the presence of high-grade gold in Upper Plate rocks indicating possible extensive mineralization in Lower Plate host rocks at depth. The company aims to monetize this project amid gold prices exceeding US $2,900.

Guardian Metal Resources (GMTLF) has announced significant copper-molybdenum mineralization discoveries at its Porphyry South target within the Pilot Mountain Project in Nevada. The company identified a Cu-Mo mineralized hydrothermal breccia zone with notable rock chip samples yielding up to 1.93% Cu with 204 ppm Mo and 0.94% Cu with 287 ppm Mo.

The Porphyry South target, one of three porphyry targets at Pilot Mountain, spans 1,250m x 1,500m with a nested 380m long east-west striking mineralized breccia zone. This discovery validates the potential for a higher-grade copper mineralized shell within the molybdenum-rich mineralized porphyry system previously identified by drillhole PM24-002.

The company plans to continue drilling and advance to a pre-feasibility engineering study in 2025. The surface copper mineralization includes chrysocolla, malachite, and chalcocite associated with oxidized sulphide bearing quartz veins.

Guardian Metal Resources (GMTLF) has signed a Definitive Exploration Lease and Option to Purchase Agreement with Hinkinite Resources for the Tempiute Tungsten Project in Nevada, located 240 km north of Las Vegas. The agreement includes:

- Initial payment of US$50,000 and 150,000 ordinary shares to Hinkinite
- Recurring US$25,000 payments every six months until option exercise
- Requirement to establish a mineral resource within 3 years
- Bonus payment of US$100,000 per 3,100 tons of WO3 metal (up to US$2M)
- 1.5% NSR royalty upon option exercise, with 50% buyback option for US$1M

The former producing tungsten mine comes with existing infrastructure and lies within patented mining claims. The company plans a site visit in February to commence groundwork shortly after, aligning with U.S. efforts to reshore critical metals production.

Guardian Metal Resources (LON:GMET)(OTCQX:GMTLF) welcomes the new Executive Order 'Unleashing American Energy' signed by President Trump on January 20, 2025. The order aims to strengthen U.S. domestic mining and critical mineral independence, particularly benefiting Guardian's Nevada-based tungsten operations.

The Executive Order includes three key provisions: enhancing critical mineral independence, streamlining permitting processes, and restoring America's mineral dominance. Specific measures include expediting federal permitting, identifying and removing regulatory burdens, and directing the Department of Defense to consider critical minerals for the National Defense Stockpile.

Guardian Metal's Pilot Mountain Project, focused on tungsten production, stands to benefit from faster permitting processes, potential federal funding support, and enhanced opportunities to contribute to national security objectives through domestic tungsten supply.

Guardian Metal Resources (GMTLF) has announced significant results from its industrial garnet processing study at the Pilot Mountain Project in Nevada. Analysis of a 300kg bulk sample revealed 58.3% garnet and 0.37% scheelite content by mass, exceeding initial expectations. The study, conducted by SGS Canada, demonstrated successful garnet liberation of 58.5% at a 425 μm grind size, suggesting potential cost savings in grinding, flotation, and tailings management.

With a current Mineral Resource estimate of 12.53Mt, the results indicate potential for a significant garnet resource. The study showed possibilities for separating garnets through gravity and magnetic separation methods. Industrial garnet commanded average prices of US$190/tonne for imports and US$220/tonne for domestic product in the USA during 2023, with the US importing over 65% of its garnet requirements.

Guardian Metal Resources (GMTLF) has announced significant exploration results from its 100% owned Garfield project in Nevada's Walker Lane Mineral Belt. A recent sampling at the 'Pamlico Zone' revealed exceptional mineral content, with Sample CJ0079 showing overlimit values for antimony (>1%), gold (>10g/t), silver (>100g/t), and lead (>1%), along with 3,920ppm copper.

The 2023-2024 sampling program has identified the Pamlico Zone as a significant mineralized area, representing a new deposit style that spans between low-sulphidation to high sulphidation silver-gold system. Previous samples from late 2023 yielded high-grade gold results ranging from 4.98 g/t to 18 g/t Au.

The discovery is particularly notable as antimony is classified as a critical defense metal, with the United States actively seeking to reduce foreign import dependence. The company maintains its primary focus on tungsten while recognizing the strategic importance of antimony potential in its portfolio.

Guardian Metal Resources (LON:GMET)(OTCQB:GMTLF) has successfully raised £750,000 through a placing with Premier Miton, a UK asset management company. The placing involves issuing 2,500,000 new ordinary shares at £0.30 per share, representing 2.00% of the enlarged issued share capital.

The funds will be used for working capital and to accelerate exploration and development activities at Pilot Mountain and, pending definitive agreement, at Tempiute. The placement demonstrates growing investor recognition of the importance of establishing domestic tungsten production in the U.S., given its critical applications in military and industrial sectors.

The placing shares are expected to be admitted to trading on AIM around January 9, 2025. Following admission, the company's total issued share capital will comprise 125,006,991 ordinary shares. As part of the commission, 120,000 broker warrants will be issued, exercisable at £0.375 per share with a 24-month expiry.

Guardian Metal Resources (GMTLF) has announced significant drilling results from its Pilot Mountain tungsten project in Nevada. The company reported two record-high tungsten intersections: 3.04% WO3 in drillhole PM24-022 and 3.01% WO3 in drillhole PM24-023. Key highlights include drillhole PM24-022 with 44.2m @ 0.234% WO3, and drillhole PM24-018 with 20.4m @ 0.514% WO3. To date, 39 drillholes have been completed, with the 40th hole expected to begin on January 6, 2025. The company is preparing permits for up to 20 additional drill pads at the Project's Garnet zone. The company also noted that some WO3 assay results from the November 26, 2024 announcement were overstated and have been corrected in this update.

Guardian Metal Resources (GMTLF) has provided a due diligence update on its planned acquisition of the Tempiute Tungsten Mine & Mill in Nevada. Key findings include:

- Title opinion shows no maintenance deficiencies or adverse liabilities
- Geological review confirms robust tungsten-rich skarn-type mineralizing system
- Due diligence sampling revealed high-grade results including 1.50% and 0.94% WO3, plus significant silver (up to 66g/t), molybdenum (up to 1,985ppm), zinc (up to 5,510ppm), and copper (up to 0.358%)
- Environmental assessment expected to conclude in January 2025
- Definitive agreement documents are being prepared