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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.
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