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Golconda: Carlin-Type Gold Targets Identified
Golconda: Carlin-Type Gold Targets Identified.
About this update from Guardian Metal Resources Plc
[{"type":"text","content":"\n\n31 May 2023\nGolden Metal Resources plc\n('Golden Metal' or the 'Company')\nGolconda Summit Project: Carlin-Type Gold Targets Identified\nGolden Metal Resources plc (LON:GMET), a mineral exploration company focused on tungsten, gold, copper and silver within Nevada, USA, is pleased to announce exploration results from its Golconda Summit gold project (\"Golconda\", \"Golconda Summit Project\" or the \"Project\") located within the prolific Walker Lane Mineral Belt in Nevada, USA.\nHighlights:\n- Rock sampling results returned significant arsenic (As) anomalism - the main alteration element associated with Carlin-type gold systems, including:\n \no 11 of the 52 samples collected returned > 250ppm (or g/t) As, with an impressive 6 returning > 500ppm As (which represents the upper limit for the analytical method used); and\n \no both samples collected near the \"Trench Zone\" returned >500ppm As, this is located in the vicinity of historical trenches which yielded channel sample assay results of 7.6m @ 19.7g/t gold (Au) and 15.2m @ 7.1g/t Au.1\n \n- Together these results further suggest the presence of a \"feeder zone\" and therefore the possibility that a Carlin-type gold system may exist within the Project at depth.\nOliver Friesen, CEO of Golden Metal, commented: \n\"Carlin-type gold systems represent globally important mineral deposits that are found almost exclusively within northern Nevada. Because of this, when we set out to build Golden Metal it was paramount to have an exciting Carlin-type gold opportunity within the portfolio, therefore allowing UK investors to get exposure to these very important gold systems.\n\"The results presented today give further support that a significant Carlin-type gold system may be present within the Project. With this important data now in hand we continue to work with our in-country geologist to develop and refine drill targets at Golconda.\n\"We look forward to providing further updates from Golconda in due course, as well as at our flagship Pilot Mountain Project where multiple technical and commercial workstreams are moving forward in tandem.\"\nDetailed Overview:\n- Detailed geological mapping and rock sampling has recently been completed across the Gol...