Golden Metal Resources PLC Announces Engineering Review - Significant Tempiute Potential
Guardian Metal Resources (GMTLF) has completed a positive site assessment of the Tempiute Tungsten Project in Nevada, which they recently optioned to acquire in January 2025. The project, located less than 250 miles southeast of their Pilot Mountain tungsten project, features significant existing infrastructure valued at US$17.89M in a 2003 appraisal.
The site includes a large-scale metal mill building, flotation facility, ore loading infrastructure, and a functioning 3,000 KW substation. The deposit has been mined for 60 years with 200,000 feet of underground workings. The company has designated Tempiute as a co-flagship asset alongside Pilot Mountain.
Key initiatives include:
- Grid sampling of tailings facility for reprocessing potential
- Investigation of copper, zinc, silver, gallium, and germanium as co-products
- Evaluation of porphyry copper mineralization potential
- Focus on establishing near-surface open-pittable resources
Guardian Metal Resources (GMTLF) ha completato una valutazione positiva del sito del Progetto Tungsteno Tempiute in Nevada, che hanno recentemente opzionato per acquisire a gennaio 2025. Il progetto, situato a meno di 250 miglia a sud-est del loro progetto tungsteno Pilot Mountain, presenta un'infrastruttura esistente significativa valutata 17,89 milioni di dollari in una perizia del 2003.
Il sito include un edificio per la lavorazione dei metalli su larga scala, un impianto di flottazione, infrastrutture per il caricamento del minerale e una sottostazione funzionante da 3.000 KW. Il deposito è stato estratto per 60 anni con 200.000 piedi di lavori sotterranei. L'azienda ha designato Tempiute come un asset co-bandiera insieme a Pilot Mountain.
Le iniziative chiave includono:
- Campionamento della rete dell'impianto di scorie per il potenziale di riutilizzo
- Indagine su rame, zinco, argento, gallio e germanio come co-prodotti
- Valutazione del potenziale di mineralizzazione di rame porfirico
- Focus sull'istituzione di risorse minerarie open-pit a bassa profondità
Guardian Metal Resources (GMTLF) ha completado una evaluación positiva del sitio del Proyecto de Tungsteno Tempiute en Nevada, que recientemente optaron para adquirir en enero de 2025. El proyecto, ubicado a menos de 250 millas al sureste de su proyecto de tungsteno Pilot Mountain, cuenta con una infraestructura significativa valorada en 17.89 millones de dólares en una tasación de 2003.
El sitio incluye un edificio de molino de metales a gran escala, una instalación de flotación, infraestructura de carga de mineral y una subestación en funcionamiento de 3,000 KW. El depósito ha sido explotado durante 60 años con 200,000 pies de trabajos subterráneos. La empresa ha designado a Tempiute como un activo co-bandera junto con Pilot Mountain.
Las iniciativas clave incluyen:
- Muestreo de la red de la instalación de relaves para el potencial de reprocesamiento
- Investigación de cobre, zinc, plata, galio y germanio como co-productos
- Evaluación del potencial de mineralización de cobre porfirítico
- Enfoque en establecer recursos a cielo abierto cerca de la superficie
Guardian Metal Resources (GMTLF)는 최근 2025년 1월 인수하기로 옵션을 설정한 네바다의 템피우트 텅스텐 프로젝트에 대한 긍정적인 현장 평가를 완료했습니다. 이 프로젝트는 그들의 파일럿 마운틴 텅스텐 프로젝트에서 남동쪽으로 250마일도 채 안 되는 거리에 위치하고 있으며, 2003년 평가에서 1,789만 달러로 평가된 중요한 기존 인프라를 갖추고 있습니다.
현장에는 대규모 금속 제련소 건물, 플로테이션 시설, 광석 적재 인프라 및 작동 중인 3,000 KW 변전소가 포함되어 있습니다. 이 매장지는 60년 동안 채굴되었으며 200,000피트의 지하 작업이 있습니다. 회사는 템피우트를 파일럿 마운틴과 함께 공동 주력 자산으로 지정했습니다.
주요 이니셔티브는 다음과 같습니다:
- 재처리 가능성을 위한 폐기물 시설의 그리드 샘플링
- 부산물로서 구리, 아연, 은, 갈륨 및 게르마늄 조사
- 포르피리 구리 광물화 잠재력 평가
- 지표 근처의 개방형 자원을 확립하는 데 집중
Guardian Metal Resources (GMTLF) a terminé une évaluation positive du site du projet de tungstène Tempiute au Nevada, qu'ils ont récemment optionné pour acquérir en janvier 2025. Le projet, situé à moins de 250 miles au sud-est de leur projet de tungstène Pilot Mountain, dispose d'une infrastructure existante significative évaluée à 17,89 millions de dollars lors d'une expertise en 2003.
Le site comprend un bâtiment de fonderie de métaux à grande échelle, une installation de flottation, des infrastructures de chargement de minerai et une sous-station fonctionnelle de 3 000 KW. Le gisement a été exploité pendant 60 ans avec 200 000 pieds de travaux souterrains. L'entreprise a désigné Tempiute comme un actif co-drapeau aux côtés de Pilot Mountain.
Les initiatives clés comprennent :
- Échantillonnage de la grille de l'installation de résidus pour un potentiel de retraitement
- Enquête sur le cuivre, le zinc, l'argent, le gallium et le germanium en tant que co-produits
- Évaluation du potentiel de minéralisation de cuivre porphyrique
- Concentration sur l'établissement de ressources exploitables en surface
Guardian Metal Resources (GMTLF) hat eine positive Standortbewertung des Tempiute-Wolframprojekts in Nevada abgeschlossen, das sie kürzlich für die Übernahme im Januar 2025 optioniert haben. Das Projekt befindet sich weniger als 250 Meilen südöstlich ihres Wolframprojekts Pilot Mountain und verfügt über eine bedeutende bestehende Infrastruktur, die in einer Bewertung von 2003 mit 17,89 Millionen US-Dollar bewertet wurde.
Der Standort umfasst ein großangelegtes Metallmühlengebäude, eine Flotationsanlage, Infrastruktur für die Erzladung und eine funktionierende 3.000 KW-Umspannstation. Das Vorkommen wurde 60 Jahre lang abgebaut, mit 200.000 Fuß unterirdischen Arbeiten. Das Unternehmen hat Tempiute als ein Co-Flaggschiff-Vermögen neben Pilot Mountain ausgewiesen.
Wichtige Initiativen umfassen:
- Rasterprobenahme der Rückstandsanlage zur Wiederaufbereitung
- Untersuchung von Kupfer, Zink, Silber, Gallium und Germanium als Nebenprodukte
- Bewertung des Potenzials der porphyrischen Kupfermineralisierung
- Fokus auf die Etablierung von oberflächennahen, im Tagebau abbaubaren Ressourcen
- Significant existing infrastructure valued at $17.89M reduces capital costs
- Operating 3,000 KW substation already in place
- Patented mining claims provide permitting advantages
- Extensive mineralization with 200,000 feet of underground workings
- Multiple potential revenue streams from co-products (copper, zinc, silver, gallium, germanium)
- Infrastructure valuation is based on dated 2003 appraisal
- Porphyry copper potential remains unconfirmed
- Previous operations closed due to low tungsten prices in 1980s
Engineering Site Assessment Highlights Significant Tempiute Potential
LONDON, GB / ACCESS Newswire / March 17, 2025 / Guardian Metal Resources plc (LON:GMET)(OTCQX:GMTLF), a strategic development and mineral exploration company focused in Nevada, USA, is pleased to announce that the Company's geological and engineering team have now completed a positive site assessment of the Tempiute Tungsten Project ("Tempiute" or the "Project"). Tempiute, also formerly known as the Emerson Tungsten Mine, is located in south-central Nevada less than 250 miles southeast of the Company's Pilot Mountain tungsten project.
The Company signed an option agreement to acquire
Highlights:
Given the strength and size of the mineralising system observed, the significant permitting advantages associated with patented mining claims, and the existence of robust in-place usable infrastructure, Guardian Metal has designated Tempiute as a co-flagship asset and as such it will be advanced and derisked towards production in parallel with Pilot Mountain, Nevada.
The existing infrastructure, including but not limited to ore loading facilities, mill & concentrate buildings, foundations, load out bays, and water pipes & pumps, were evaluated and are considered usable for potential future operations.
A summary appraisal for 'internal planning and mortgage financing purposes' of the in-place infrastructure at Tempiute was completed in 2003 on behalf of the previous owners. This appraisal determined the infrastructure to have an indicated market value of US
$17,890,000 *. A detailed list of the in-place infrastructure evaluated by Guardian Metal's engineering team is further detailed below.Multiple workstreams focused on advancing Tempiute are being initiated. Details of these will be disclosed to the market as soon it is appropriate.
Detailed grid sampling of the Project's tailings facility has been commissioned and will commence before the end of the month with a view to determine the suitability of the material for reprocessing.
*This appraisal is considered historical in nature but provides a useful reference point for the Company as it progresses Project exploration and development.
Oliver Friesen, CEO of Guardian Metal, commented:
"The results of our engineering site assessment covering Tempiute has further demonstrated the significance of this asset. With robust existing infrastructure in place, the location lying within patented mining claims, and a sizeable and well-endowed mineralising system, we believe this Project has the potential to be a game-changer for Guardian Metal.
"The ability to leverage existing infrastructure, including mill facilities and an operating 3,000 KW substation, provides a substantial advantage, reducing both capital costs and permitting/build out timelines. Our team is already executing multiple workstreams to rapidly advance the Project and we are confident in its ability to deliver value for our shareholders. We look forward to keeping our shareholders updated as we progress toward unlocking its full potential."
Further Infrastructure Details:
The significant in-place infrastructure that is currently located within the Tempiute Project that could be utilised for future development includes:
1. A large-scale clean metal mill building with concrete foundations, previously used for milling.
2. An adjoining high ceiling metal building, previously for flotation, cleaned for the potential installation of power, water, and control systems for flotation cells on the cement plinths.
3. Course ore loading wall and infrastructure with concrete work for the potential re-installing of conveyors to load ore into the mill building.
4. A 3,000 Kilowatt electric substation, currently working and energised, which provides power to the nearby town of Rachel, Nevada.
5. A mine office building that can be re-established.
6. Roads that are well maintained and in good condition for access to the site along the 8,200 feet (2,500m) of the strike of the known deposit.
7. A water pipeline from the valley reported to connect to the mine.
8. Two water wells that were the original water source for operations in the 1980's, on nearby property.
Further Geological Details:
Recent data compilation and site visits by the Company have confirmed the scale and strength of the Tempiute Tungsten mineralising system. The deposit has been mined for 60 years with reported 200,000 feet (60,000m) of underground workings which span 1,200 feet (360m vertically).
In addition to the skarn type mineralisation that has been mined, mineralised breccia pipe and intrusive copper porphyry type systems will be subject to exploration by the Company.
Given the scale of the mineralising system and the ready infrastructure on site, the modest establishment of near surface open-pittable resources will be one of the key focusses going forward. Potential co-products of copper, zinc, silver as well as gallium and germanium are also all being investigated. The potential for these co-products was being worked on in the 1980's when the mine closed at a time of low tungsten prices.
The intrusion that is the cause of the tungsten mineralisation may have potential for classic porphyry copper mineralisation. Heavy fracturing and copper mineralisation was observed by the Company during the site visit and porphyry potential is referenced in multiple historical reports but was ultimately not systematically assessed. An evaluation of the porphyry potential with a deposit type specialist is in progress, with site visits to be conducted in short order.
Summary:
Guardian Metal remains committed to its mission of leading the revival of domestic tungsten production in the United States. With secure sources of critical minerals now a national priority, we are proud to hold what we believe to be the largest tungsten resource in the country at our Pilot Mountain Project in Nevada. In addition, we are advancing efforts to restore production at Tempiute, Nevada-historically one of the largest and longest-producing tungsten sources in the United States, as China the world's leading tungsten producer, imposes export restrictions and tariffs, market conditions are tightening. We see the Pilot Mountain and Tempiute projects progressing in tandem to help achieve our mission as quickly as possible.
Media
Figure 1:Nevada location map showing position of the Company's
Figure 2:Company engineering team standing near the mill building which is included in the 88,400 square feet of gross building area across the Project.
Figure 3:3,000 Kilowatt electric substation located onsite which provides power to the nearby town of Rachel, Nevada.
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.
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 visitwww.Guardianmetalresources.comor 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 Lead Broker Damon Heath/Erik Woolgar | Tel: +44 (0) 20 7186 9000 |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Guardian Metal Resources PLC
View the original press release on ACCESS Newswire
FAQ
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