Guardian Metal Resources plc has returned the “highest grade” gold to date from the final 21 rock samples at the Garfield copper-gold-silver project in the Walker Lane mineral belt, Nevada, USA.
GENETICS
The property currently contains five zones of Power Line in the northwest, mid-west High Grade, Pamlico in the south, and Freeze and newly claimed Freeze East in the east.
Reanalysis of surface samples in April revealed high grade gold, silver, base metals and “strong” antimony values.
Latest results include 61.0 g/t gold from quartz vein on a mine dump in the Freeze Zone and 47.0 g/t gold from mine dump vein material in the Pamlico zone in the south.
Freeze also returned “several multi-gram mine dump quartz vein samples” including 6.6 g/t, 5.7 g/t, 4.4 g/t and 2.1 g/t gold, while a Pamlico outcrop rock chip sample returned 10.3 g/t gold.
Guardian said that the “high-grade” epithermal vein structures in the Pamlico and Freeze zones had the same west-north-westerly trending orientations, and were “likely genetically related”.
The company is investigating the possibility of “epithermal mineralisation overprinting skarn mineralisation” in High Grade directly 4km along strike of epithermal veins at the Freeze East and Freeze zones.
“Once again our low-cost exploration at Garfield has delivered meaningful results to the business,” added chief executive Oliver Friesen.
“It is also worth reiterating that we remain focused on structuring any future partnerships around our non-core assets in a way that delivers clear benefits to our shareholders and supports long-term project growth.
“As the resurgence of US mining accelerates, Guardian Metal is well positioned to contribute meaningfully, offering investors direct exposure through our flagship tungsten assets [Pilot Mountain] and additional blue-sky upside from early-stage base and precious metal projects like Garfield and Golconda.”