Business
Pilot Mountain – Further Significant Drill Update
Pilot Mountain – Further Significant Drill Update.
About this update from Guardian Metal Resources Plc
[{"type":"text","content":"\n\n22 August 2024\nGuardian Metal Resources plc\n('Guardian Metal' or the 'Company')\nPilot Mountain - Further Significant Drill Update\nSkarn-Zone Discovered at DSPW and Further Positive Visual Results from Desert Scheelite\nGuardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic development and mineral exploration company focused in Nevada, USA, is pleased to announce a drilling update at the Company's 100% owned flagship Pilot Mountain Project (\"Pilot Mountain\" or the \"Project\") located within the prolific Walker Lane Mineral Belt in Nevada, USA.\nHIGHLIGHTS:\n§ Drilling operations have been underway for over three months with seventeen HQ (63.5mm) core diameter diamond drillholes completed for a total combined 2,396.2m, a material increase from the originally planned 2,000m programme.\n \n§ The 18th drill hole is now under way and the diamond drilling rig will remain on site to continue drilling at the Company's direction.\n \n§ Preliminary findings in respect of visual mineralisation and alteration observed in the latest holes are as follows:\n \n- At Desert Scheelite Parallel West (\"DSPW\") an altered skarn/marble zone was successfully intersected in drillhole PM24-03. A follow up drillhole PM 24-05, designed to test the zone further along strike and down dip, was also successful in intercepting the newly identified zone. These represent the first holes ever drilled into DSPW.\n \n- Thirteen drillholes completed within Desert Scheelite, designed to support the Pre-Feasibility Study, successfully intersected the mineralised skarn zones where expected based within the existing block model, as well as locally within the hanging wall and footwall, supporting further resource expansion potential.\n \n§ First laboratory assay results are expected shortly, with regular batches of additional results to be received over the coming weeks and months. Further market updates will be provided as results are received, analysed and interpreted.\nOliver Friesen, CEO of Guardian Metal, commented: \n\"I am delighted with the drilling progress at Pilot Mountain and very pleased with the findings to date which have greatly exceeded our expectations. In the Company's view, we consider the potential offered by the Project is now much greater...