Tonix Pharmaceuticals stock halted ahead of FDA approval news
NEVADA - Guardian Metal Resources plc (LON:GMET, OTCQB:GMTLF) has expanded its Pilot North Tungsten Project in Nevada by staking an additional 42 Bureau of Land Management lode claims, the company announced Wednesday.
The expansion brings the total number of claims to 101, covering approximately 2,086 acres. The decision to enlarge the project area followed encouraging results from a 22-sample reconnaissance program that revealed high-grade mineral content.
Initial rock samples returned values of up to 5.71% copper, 619g/t silver, 3.45% zinc, and 940 ppm tungsten (equivalent to 1,185ppm tungsten trioxide). The company has completed a follow-up detailed geological mapping and sampling program, with results pending from ALS Laboratory.
Pilot North is located approximately 15km northwest of Guardian Metal’s Pilot Mountain Project in Nevada’s Walker Lane Mineral Belt. The expanded project now encompasses four World War II era tungsten mines.
"Early results from Pilot North have surpassed our expectations, confirming significant tungsten grades alongside copper, silver, zinc and other critical metals," said Oliver Friesen, CEO of Guardian Metal, according to the press release.
The company stated it is focused on re-establishing domestic tungsten production in the United States. Guardian Metal holds a 100%, royalty-free interest in the Pilot North Project through its wholly-owned Nevada operating company, Golden Metal Resources LLC.
The project was initially acquired through direct claim staking, as announced on July 7, 2025, as part of the company’s ongoing regional exploration program targeting tungsten-copper skarn deposits.
The technical information in the announcement was approved by Nick O’Reilly (NASDAQ:ORLY), who serves as the Competent Person under AIM Rules.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.