Gold bars to be exempt from tariffs, White House clarifies
LONDON - Guardian Metal Resources plc (LON:GMET, OTCQB:GMTLF), a strategic development and mineral exploration company, has announced significant assay results from its Garfield project in Nevada, revealing high-grade gold, silver, and copper deposits. The company, which is focused on re-establishing tungsten production in the United States, sees these results as indicative of Nevada’s rich mineral potential and its strategic role in providing critical metals.
The exploration update follows a recent field program that yielded the highest-grade gold results to date for Garfield, including 61.0 grams per tonne (g/t) gold from a quartz vein in the Freeze Zone and 47.0 g/t gold from vein material in the Pamlico zone. Additional assay results from the Freeze Zone showed several multi-gram mine dump quartz vein samples with gold grades ranging from 2.1 g/t to 6.6 g/t. In the Pamlico Zone, a rock chip sample from an outcropping quartz vein returned 10.3 g/t gold.
The presence of silica-adularia alteration in volcaniclastic rock within the newly claimed Freeze East Zone is considered highly prospective for underlying epithermal mineralization. Geological field work has identified that the high-grade epithermal vein structures in the Pamlico and Freeze Zones are oriented west-north-westerly and are likely genetically related.
Guardian Metal’s CEO, Oliver Friesen, highlighted the meaningful results from the low-cost exploration at Garfield and reiterated the company’s focus on structuring future partnerships that benefit shareholders and support long-term project growth. Friesen also emphasized Guardian Metal’s position in contributing to the resurgence of U.S. mining, offering investors exposure to their flagship tungsten assets and additional potential from early-stage projects like Garfield and Golconda.
The company continues discussions regarding potential joint-venture or option agreement arrangements for the Garfield Project and will update the market with any substantial developments. Guardian Metal holds a 100% interest in the Garfield Project through its wholly-owned Nevada operating company, Golden Metal Resources LLC, with a 2% Net Smelter Return Royalty on the original claims, half of which can be bought back for US$1,000,000.
The technical information in this announcement has been approved by qualified geologist Mr. Nick O’Reilly (NASDAQ:ORLY), who serves as the Competent Person under the AIM Rules for Mining and Oil & Gas Companies. The assay results were processed by ALS USA Inc using standard analytical methods.
This update is based on a press release statement from Guardian Metal Resources plc and contains no speculative information.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.