Golden Metal Resources plc said it had confirmed two “highly prospective” buried magnetic anomalies at its Garfield copper project in Nevada, USA. SIZE The findings are from the inversion modelling of the magnetic geophysics survey data and follow last month‘s identification of potential porphyry targets. The first is at High-Grade zone, where two “discrete magnetic […]
Tag: Golden Metal Resources plc
Golden Metal receives £186,000 via warrant exercise
Golden Metal Resources plc received notices to exercise warrants over 1,727,630 new ordinary shares of 1 pence each in the company at an exercise price of 10.75p per warrant share, for £185,720.22. Following admission, the company’s issued share capital will comprise 106,777,165 ordinary shares of 1p each with voting rights. The exercise was prior to the end of […]
Golden Metal begins 2,000m drilling on Pilot
Golden Metal Resources plc has begun 2,000m diamond drilling on its 100% owned flagship Pilot Mountain tungsten project in Nevada, USA. HIGH IMPACT The phase I campaign focuses on strategic resource expansion at the main Desert Scheelite zone, which hosts the “largest known tungsten resource on American soil”. Drilling will also explore brownfield targets by searching known or […]
Golden Metal receives £455,000 via warrant exercise
Golden Metal Resources plc received notices to exercise warrants over a total 4,236,091 new ordinary shares of 1p each in the company at an exercise price of 10.75p per warrant share, for £455,380. On admission, the company’s issued share capital will comprise 105,049,535 ordinary shares of 1p each, with voting rights. Golden Metal said it had to […]
Golden Metal to drill test core of Porphyry South
Golden Metal Resources plc plans to drill test the core of the Porphyry South target area at Pilot Mountain, Nevada. ANOMALY From the planned start date of 12 May, the company’s campaign will involve at least one hole to a target depth of 450m. The decision follows last week’s confirmation of magnetic high anomalies within the […]
Golden Metal receives £430,000 via warrant exercise
Golden Metal Resources plc received notices to exercise warrants over 4,001,317 new ordinary shares of 1 pence each in the company at an exercise price of 10.75p per warrant share for £430,141.57. On admission the company’s issued share capital will comprise 100,813,444 ordinary shares of 1p each, each with voting rights.