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LONDON - Metals One PLC (AIM:MET1), an exploration and development company, announced the staking of 99 additional unpatented mining claims at its Swales Gold Property in Nevada, USA. This expansion, announced on May 20, 2025, increases the project’s total area to approximately 2,780 acres within the Carlin Trend, known for its significant gold production.
The newly acquired land is contiguous with the existing project and does not require additional lease payments. These claims are believed to be geologically favorable, sharing characteristics with the gold deposits found at the nearby operations of Nevada Gold Mines’ Carlin Complex. The Swales Gold Property sits atop the Roberts Mountains thrust, a geological feature associated with Carlin-type gold deposits.
Metals One plans to extend its Phase 1 exploration program as a result of this expansion. The upcoming activities include detailed geological mapping, extensive surface sampling, re-evaluation of historical mining sites, and initial geophysical surveys to identify prospective targets across the enlarged project area.
Craig Moulton, Chairman of Metals One, expressed enthusiasm for the project’s potential, especially in light of the strong gold market. The company is working to finalize the Conditional Acquisition of the Swales Gold Property and integrate the additional claims into their exploration strategy.
The company has a three-month exclusivity period to conduct due diligence and decide on the Conditional Acquisition, as previously disclosed on May 14, 2025. This article is based on a press release statement from Metals One.
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