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Guardian Metal Resources PLC Announces Garfield - High-Grade Antimony-Gold Assay

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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 (GMTLF) ha annunciato risultati significativi di esplorazione dal suo progetto Garfield interamente posseduto nella Walker Lane Mineral Belt del Nevada. Un recente campionamento nella 'Pamlico Zone' ha rivelato un eccezionale contenuto minerale, con il Campione CJ0079 che ha mostrato valori oltre il limite per antimonio (>1%), oro (>10g/t), argento (>100g/t) e piombo (>1%), insieme a 3.920ppm di rame.

Il programma di campionamento 2023-2024 ha identificato la Pamlico Zone come un'area mineralizzata significativa, rappresentando un nuovo stile di deposito che si estende da un sistema argento-oro a bassa sulfidazione a uno ad alta sulfidazione. I campioni precedenti della fine del 2023 hanno evidenziato risultati di oro di alta qualità che variano da 4,98 g/t a 18 g/t Au.

La scoperta è particolarmente notevole poiché l'antimonio è classificato come un metallo critico per la difesa, con gli Stati Uniti che cercano attivamente di ridurre la dipendenza dalle importazioni estere. La società mantiene il suo focus primario sul tungsteno, pur riconoscendo l'importanza strategica del potenziale antimonio nel proprio portafoglio.

Guardian Metal Resources (GMTLF) ha anunciado resultados significativos de exploración de su proyecto Garfield de propiedad total en el cinturón mineral de Walker Lane, Nevada. Un muestreo reciente en la 'Pamlico Zone' reveló un contenido mineral excepcional, con la muestra CJ0079 mostrando valores fuera de límite para antimonio (>1%), oro (>10g/t), plata (>100g/t) y plomo (>1%), junto con 3.920ppm de cobre.

El programa de muestreo 2023-2024 ha identificado la Pamlico Zone como un área mineralizada significativa, que representa un nuevo estilo de depósito que va desde un sistema de plata-oro de baja sulfidación hasta uno de alta sulfidación. Muestras anteriores de finales de 2023 produjeron resultados de oro de alta ley que varían de 4,98 g/t a 18 g/t Au.

El descubrimiento es particularmente notable ya que el antimonio está clasificado como un metal crítico para la defensa, y los Estados Unidos buscan activamente reducir la dependencia de las importaciones extranjeras. La empresa mantiene su enfoque principal en el tungsteno al tiempo que reconoce la importancia estratégica del potencial de antimonio en su cartera.

Guardian Metal Resources (GMTLF)는 네바다의 워커 레인 광물 벨트에 있는 100% 소유의 가필드 프로젝트에서 중요한 탐험 결과를 발표했습니다. 'Pamlico Zone'에서의 최근 샘플링에서 안티모니(>1%), 금(>10g/t), 은(>100g/t), 납(>1%)에 대한 한계를 초과하는 뛰어난 광물 함량이 드러났으며, 구리(Cu)는 3,920ppm이 발견되었습니다.

2023-2024 샘플링 프로그램은 Pamlico Zone을 중요한 광물화된 지역으로 식별했으며, 이는 저황화와 고황화 은-금 시스템 사이의 새로운 매장 스타일을 나타냅니다. 2023년 말의 이전 샘플은 4.98 g/t에서 18 g/t Au에 이르는 고급 금 결과를 보여주었습니다.

이번 발견은 안티모니가 방위 금속으로 분류되어 미국이 외국 의존도를 줄이기 위해 적극적으로 노력하고 있는 점에서 특히 주목할 만합니다. 회사는 주로 텅스텐에 초점을 맞추면서도 자산 포트폴리오에서 안티모니의 전략적 중요성을 인식하고 있습니다.

Guardian Metal Resources (GMTLF) a annoncé des résultats d'exploration significatifs de son projet Garfield détenu à 100 % dans la ceinture minérale de Walker Lane, dans le Nevada. Un récent échantillonnage dans la 'Pamlico Zone' a révélé un contenu minéral exceptionnel, avec l'échantillon CJ0079 montrant des valeurs supérieures à la limite pour l'antimoine (>1%), l'or (>10g/t), l'argent (>100g/t) et le plomb (>1%), ainsi que 3.920ppm de cuivre.

Le programme d'échantillonnage 2023-2024 a identifié la Pamlico Zone comme une zone minéralisée significative, représentant un nouveau style de dépôt s'étendant d'un système d'argent-or à faible sulfidation à un système à haute sulfidation. Des échantillons précédents de fin 2023 ont donné des résultats d'or de haute qualité allant de 4,98 g/t à 18 g/t Au.

La découverte est particulièrement notable car l'antimoine est classé comme un métal critique pour la défense, les États-Unis cherchant activement à réduire leur dépendance vis-à-vis des importations étrangères. L'entreprise maintient son principal accent sur le tungstène tout en reconnaissant l'importance stratégique du potentiel d'antimoine dans son portefeuille.

Guardian Metal Resources (GMTLF) hat bedeutende Explorationsresultate aus seinem zu 100 % im Besitz befindlichen Garfield-Projekt im Walker Lane Mineralgürtel in Nevada bekannt gegeben. Eine kürzlich durchgeführte Probenahme in der 'Pamlico Zone' ergab einen außergewöhnlichen Mineralgehalt, wobei die Probe CJ0079 überlimitierte Werte für Antimon (>1%), Gold (>10g/t), Silber (>100g/t) und Blei (>1%) sowie 3.920ppm Kupfer zeigte.

Das Probenahmeprogramm 2023-2024 hat die Pamlico Zone als bedeutendes mineralisiertes Gebiet identifiziert, das einen neuen Ablagerungsstil darstellt, der zwischen einem niedrig- und hochschwefelhaltigen Silber- und Goldsystem variert. Frühere Proben aus Ende 2023 ergaben hochwertige Goldwerte im Bereich von 4,98 g/t bis 18 g/t Au.

Die Entdeckung ist besonders bemerkenswert, da Antimon als kritisches Verteidigungsmetall eingestuft wird und die Vereinigten Staaten aktiv versuchen, die Abhängigkeit von ausländischen Importen zu reduzieren. Das Unternehmen konzentriert sich primär auf Tungsten, erkennt jedoch die strategische Bedeutung des Antimonpotenzials in seinem Portfolio an.

Positive
  • High-grade mineral content discovered: antimony >1%, gold >10g/t, silver >100g/t, lead >1%, copper 3,920ppm
  • 100% ownership of Garfield project with partial royalty-free status
  • Strategic alignment with US critical minerals independence goals
  • Consistent high-grade gold results (4.98-22.7 g/t) across multiple samples
Negative
  • Laboratory analysis still pending for final assay results of overlimit metals

LONDON, UK / ACCESSWIRE / January 8, 2025 / Guardian Metal Resources plc (LON:GMET)(OTCQX:GMTLF), a strategic development and mineral exploration company focused on Nevada, USA, is pleased to announce an exploration update at the Company's 100% owned Garfield project located within the prolific Walker Lane Mineral Belt in Nevada, USA ("Garfield" or the "Project").

BACKGROUND

Guardian Metal's technical team recently completed a geological site visit with a focus on assessing the high-grade gold potential of the 'Pamlico Zone' in the south of the Project area. This work followed on from the late 2023 prospecting and rock sampling work over the same area, where all five samples collected returned high grade gold results (ranging 4.98 g/t Au up to 18 g/t Au, Table 1) with silver and copper (results announced 9 January 20241 and 23 January 2024).

HIGHLIGHTS

  • Sample CJ0079 has returned overlimit antimony (>10,000g/t or 1%), gold (>10g/t), silver (>100g/t), lead (>10,000 or 1%) as well as 3,920ppm Cu (Table 1).

  • Guardian Metal has instructed the laboratory to complete the required analytical methods to determine the final assay results for the above overlimit metals.

  • The 'Pamlico Zone' is emerging as an increasingly significant mineralised area with not only high-grade gold and base-metal mineralisation, but also very attractive antimony potential.

  • The 2023 and 2024 results place the 'Pamlico Zone' along the continuum between a low-sulphidation to high sulphidation silver-gold system; representing a new deposit style not previously identified at Garfield.

  • Alongside the Company's primary focus on tungsten, antimony is of interest as it is a critical defence metal for which the United States is prioritising a reduction in import reliance from foreign suppliers.

  • Select results from the Pamlico Zone including the five previously collected samples along with the recent sampling include:

Table 1: Significant Assay Results for Rock Samples Collected over the Garfield Project Pamlico Zone target area

Sample Number

Antimony (g/t)

Gold (g/t)

Silver (g/t)

Copper (%)

Lead (ppm)

CJ0079*

>10,000g/t

>10g/t

>100g/t

0.39%

>10,000ppm

CJ0080*

108 g/t

1.36g/t

6.48g/t

0.06%

2,040 ppm

723336**

7,910 g/t

18.35 g/t#

1,225 g/t

1.89%

>10,000 ppm

723337**

477 g/t

7.5 g/t#

47.5 g/t

0.42%

9,950 ppm

723338**

2320 g/t

9.97 g/t#

105 g/t

0.28%

5,790 ppm

723339**

597 g/t

22.7 g/t#

81 g/t

0.24%

5,070 ppm

723340**

1650 g/t

4.98 g/t#

66.6 g/t

0.74%

2,510 ppm

Table notes: Rock sample assay results certificated by ALS USA Inc. using methods ME-ICP61a, Au-AA23 and Au-GRA21. Results reported in ppm = parts per million. 1ppm Au equivalent to 1g/t Au.

#Gold assay using Au-GRA21 fire assay and gravimetric finish, due to over limit (>10ppm Au) returned using method Au-AA23.

*2024 sampling programme results, **2023 sampling programme results previously reported1.

Oliver Friesen, CEO of Guardian Metal, commented:

"We are highly encouraged by the latest exploration results from our Garfield Project, particularly the emerging significance of the Pamlico Zone - a target organically generated and staked by our technical team resulting in royalty free 100% ownership. The presence of high-grade antimony and gold within this emerging epithermal target, along with the existing copper-gold-silver porphyry- and skarn-potential, underscores the significance of this Project.

"Antimony's critical importance as a defence metal, coupled with the U.S. focus on reducing reliance on foreign imports, places Guardian Metal in a unique position to contribute to domestic supply chains. While tungsten remains our primary focus, this antimony result highlights the strategic importance of our entire project portfolio. We remain committed to maximising the value of Garfield for our shareholders while aligning with national priorities for critical mineral independence."

GEOLOGY UPDATE

Analytical and visual results from the 'Pamlico Zone' have shed new light on the geological potential of Garfield. In particular, along with the overlimit antimony, gold, and silver results which displayed classic quartz-colloform low-sulphidation epithermal textures (Figure 1), the latest sample results display strong epithermal style elemental correlations, in the base and trace metals As (arsenic), Bi (bismuth), Cu (copper), Pb (lead), Zn (zinc), Sb (antinomy) and Mo (molybdenum). These correlations place the Pamlico Zone along the continuum between a low-sulphidation gold and high-sulphidation silver-gold system.

MEDIA

Figure 1: Sample CJ0079 showing classic quartz-colloform low-sulphidation epithermal textures.

PROPERTY OWNERSHIP

Guardian Metal holds a 100% interest in the Garfield Project through its wholly-owned Nevada operating company, Golden Metal Resources LLC. A 2% Net Smelter Return Royalty ("NSR Royalty") Interest, of which 1% can be bought back at any time for US$1,000,000, is payable to Sunrise Resources plc (LON:SRES). The NSR Royalty covers the original Garfield Project claims as well as a 1 mile radius outside of those claims which covers roughly half of the current 'High-Grade Zone' footprint. The Pamlico and Freeze Zones are entirely royalty free.

COMPETENT PERSON STATEMENT

The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, QMR MIMMM, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Guardian Metal Resources plc to provide technical support.

References

1: Company announcement, Garfield Project: New Claims Yield High-Grade Gold-Silver-Copper Bedrock Discovery Samples Taken from Newly Staked Ground Return up to 22.7g/t Au, dated 9 January 2024:
(https://polaris.brighterir.com/public/golden_metal_resources/news/rns/story/xj7yonx)

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 visit www.Guardianmetalresources.com or 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 accesswire.com

FAQ

What are the latest mineral assay results from GMTLF's Garfield project?

Sample CJ0079 showed overlimit values for antimony (>1%), gold (>10g/t), silver (>100g/t), and lead (>1%), plus 3,920ppm copper.

How much of the Garfield project does GMTLF own?

Guardian Metal Resources owns 100% of the Garfield project through its Nevada operating company, with a 2% NSR Royalty payable to Sunrise Resources for certain claims.

What were the gold grades from GMTLF's 2023 sampling at Pamlico Zone?

The 2023 sampling program yielded high-grade gold results ranging from 4.98 g/t to 22.7 g/t Au.

Why is the antimony discovery significant for GMTLF?

Antimony is a critical defense metal that the United States aims to source domestically, reducing foreign import dependence, positioning GMTLF strategically in the domestic supply chain.

What type of deposit has GMTLF identified at the Pamlico Zone?

The Pamlico Zone represents a new deposit style that ranges between a low-sulphidation to high sulphidation silver-gold system, not previously identified at Garfield.

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