Guardian Metal Resources completes Pilot Mountain drilling.


Guardian Metal Resources announced the completion of a geotechnical drilling programme at its Pilot Mountain tungsten project in Nevada on Tuesday, with data from the campaign now submitted to engineering consultants to support the project’s ongoing pre-feasibility study.

  • Guardian Metal Resources
  • 27 May 2025 15:41:13
Guardian Metal Resources

Source: Sharecast

The AIM-traded firm said the programme was focussed on the Desert Scheelite zone and comprised 1,156 metres across seven holes, with one hole abandoned and redrilled due to operator error.

It reported that several drillholes intersected porphyry and skarn-style alteration and mineralisation, suggesting that the Desert Scheelite mineralised system extended beyond its currently defined boundaries.

Notable intervals included visible scheelite mineralisation in GCH-01 and mineralised porphyry features in GCH-04, GCH-05, and GCH-07, including potassic, sodic-calcite, and phyllic alteration zones associated with sulphide veins.

Additionally, the first drill hole at the nearby Garnet Zone, PGMR25-001, reached a depth of 100 metres and encountered multiple strongly skarn-mineralised scheelite-rich intervals.

That, the company said, marked the first drilling at the Garnet Zone since Guardian Metal acquired it in 2021.

The firm said the results provided further encouragement for the broader mineral potential at Pilot Mountain.

“The company continues to make excellent progress at Pilot Mountain, with drilling operations advancing at pace,” said chief executive officer Oliver Friesen.

“Encouragingly, multiple geotechnical holes indicate that the mineralising system at Desert Scheelite extends beyond the currently drilled footprint.

“In addition, strong visual mineralisation observed at the Garnet Zone demonstrates the significant untapped potential across other known, at-surface skarn zones.”

Friesen said recent executive orders from the Trump administration underscored a “strategic push” to reshore critical metal supply chains, particularly tungsten, given its importance to the defence sector and US national security.

“We remain focused on advancing both of our co-flagship projects as swiftly as possible, with analytical results from Pilot Mountain and Tempiute expected shortly.”

At 1139 BST, shares in Guardian Metal Resources were up 0.23% at 39.99p.

Reporting by Josh White for Sharecast.com.


N/A

ISIN: N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.