Guardian Metal Resources (LSE:GMET) (AMEX:GMTL) (USOTC:GMTLF) has reported the discovery of a new tungsten-bearing skarn zone, named the Tremor Zone, within its wholly owned Pilot Mountain project in Nevada. The mineralised area was identified during condemnation drilling carried out to support infrastructure planning for the project’s pre-feasibility study (PFS).
The first drill hole to test the area, PMR26-077, intersected multiple zones of tungsten mineralisation, including 13.68 metres grading 0.31% WO3 from a shallow depth. The result highlights the potential for additional mineral resources beyond those already defined at Pilot Mountain.
Subsequent drilling using additional rigs has visually confirmed the presence of tungsten-bearing skarn across several holes. Exploration work completed to date suggests the Tremor Zone extends over approximately 400 metres of strike length, with mineralisation remaining open along strike and at depth in multiple directions.
Although the discovery comes too late to be incorporated into the near-complete pre-feasibility study, management believes the scale and location of the new zone demonstrate the broader exploration upside at Pilot Mountain. The Tremor Zone is situated within a royalty-free area of the project, adding to its potential economic significance. The discovery further supports Guardian Metal’s ambition to become a major domestic supplier of tungsten to U.S. defence, industrial and strategic supply chains.
From a financial perspective, the company continues to face challenges associated with limited revenue generation, widening losses and deteriorating free cash flow. However, these factors are partly offset by a debt-free balance sheet. Technical indicators present a mixed outlook, with the share price remaining above key moving averages despite a negative MACD signal. Valuation metrics remain constrained by ongoing losses and the absence of dividend payments.
More About Guardian Metal Resources plc
Guardian Metal Resources plc is a strategic minerals exploration and development company focused on restoring domestic tungsten production in the United States and strengthening supply-chain security for critical defence metals. The company is listed on NYSE American, the London market and OTCQB, and is advancing two flagship tungsten assets in Nevada: Pilot Mountain, one of the largest undeveloped tungsten deposits in the United States, and Tempiute, a historically significant tungsten-producing district. Development efforts have been supported by previous funding under the U.S. Defense Production Act.
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