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Pilot Mountain – Significant Porphyry Update
Pilot Mountain – Significant Porphyry Update.
About this update from Guardian Metal Resources Plc
[{"type":"text","content":"\n\n29 July 2024\nGuardian Metal Resources plc\n('Guardian Metal' or the 'Company')\nPilot Mountain - Significant Porphyry Update\nGuardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), the strategic development and mineral exploration company focused in Nevada, USA, is pleased to announce a significant update regarding the potential for large-scale porphyry style mineralisation 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.\nBackground - Pilot Mountain Porphyry System and Engagement of Porphyry Expert\nThe mineralised porphyry system recently discovered in drill hole PM24-002 and announced on 25 June 2024, led the Company to engage Dr Lawrence Carter, an independent third party specialist in porphyry copper deposits and an expert on the nearby Yerington porphyry copper district, to assess the Company's positive findings and to guide subsequent drilling and exploration.\nDr Carter completed a detailed review of the geology across the project and the drill core from hole PM24-002, in conjunction with all available Company datasets, and made recommendations for further exploration activities and for targeting further drill holes. His report and the findings, summarised below, do not provide any kind of valuation or quantification of a potential resource.\nHIGHLIGHTS\n§ Porphyry expert Dr Lawrence Carter was engaged to review porphyry system architecture at the Company's Pilot Mountain Project. This review yielded significant results that indicate that the porphyry system architecture at Pilot Mountain could be much larger than original expectations.\n \n§ Multiple outcropping but previously unidentified levels of a mineralised porphyry system were mapped within various fault blocks across the Pilot Mountain property, including phyllic and potassic alteration zones. New copper shows at surface were also identified across the Porphyry South target area.\n \n§ Review of PM24-002 drill core has confirmed the intersection of 385.1m of porphyry style mineralisation and alteration from immediately beneath overburden at 22m to 407.1m end of hole (EOH), including multiple intervals of potassic alteration.\n \n§ A molybdenite rhenium (Re) - osmium (Os) geochronological study is now underway to p...