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Significant Geophysical Campaign Results
Significant Geophysical Campaign Results.
About this update from Guardian Metal Resources Plc
[{"type":"text","content":"\n\n19 August 2024\nGuardian Metal Resources plc\n('Guardian Metal' or the 'Company')\nSignificant Geophysical Campaign Results\nMagnetic and IP Data Confirm Porphyry Potential at Garfield and Pilot Mountain\nGuardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic development and mineral exploration company focused in Nevada, USA, is pleased to announce results from the ground magnetic and high-resolution induced polarisation (\"IP\") surveys recently completed at the Company's 100% owned Pilot Mountain and Garfield Projects (collectively the \"Projects\") located within the prolific Walker Lane Mineral Belt in Nevada, USA.\nBackground\nThis update covers the findings from magnetic and IP geophysical surveys which were undertaken in June and July following positive results from previous geophysical surveys and inversion modelling reported in May 20241,2,3, as well as from a geological field work programme completed in July by Dr. Lawrence Carter (an independent third party specialist in porphyry mineral deposits), which highlighted the potential for undiscovered porphyry and skarn-style mineralisation at both Projects.\nHIGHLIGHTS:\nPilot Mountain\n§ Significant magnetic anomaly measuring approximately 1 km x 1 km has been delineated at the Porphyry West Target which remains open to the west and south (Fig. 1).\n \n§ Ground magnetic survey grid was extended east of Porphyry South and the anomaly now measures circa 1.2 km by 0.5 km and remains open to the west. The target footprint size increases further to 1.5 km by 1.2 km when factoring in porphyry-style alteration and mineralisation mapped at surface by Dr. Carter, which extends to both the south and west (Fig. 1).\nGarfield\n§ Three dimensional (\"3D\") inversion modelling of magnetic data highlights two large deep seated intrusive/magnetic bodies at the High-Grade and Power Line Zones, these have a vertical extent of over 800 m and appear to continue below the depth of investigation of the ground magnetic survey.\n \n§ IP results highlight multiple chargeability and resistivity anomalies adjacent to and coincident with the magnetic inversion shells indicative of porphyry and skarn-type mineralisation at the High-Grade and Power Line Zones (Fig. 3).\nOliver Friesen, CEO of Guardian Metal, commented: \n\"Following the completion of Dr. Carter's porphyr...