Pilot Mountain - Significant Drilling Results
Pilot Mountain drill results show high-grade tungsten and silver intersections across Desert Scheelite zone.
- Drillholes completed 51
- PM24-034 best interval tungsten 1.08% WO3 over 5.3m
- PM24-034 best interval silver 434 g/t Ag
- PM24-038 best silver result 355 g/t Ag (two results)
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Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic mineral exploration and development company focused in Nevada, USA, is pleased to announce further drillhole assay results from the Company's ongoing drilling campaign at its 100% owned Pilot Mountain tungsten Project ("Pilot Mountain" or the "Project") located in Nevada, USA.
Laboratory assay results from drill core samples have been received from the next batch of drillholes at the Desert Scheelite zone covering PM24-029 to PM24-039 (Table 1) with some further very high-grade tungsten and silver results being intersected (Table 2). To date, 51 drillholes have been completed.
The final planned drillholes into Desert Scheelite will be completed in the following weeks following which attention will be turned to geotechnical drilling to support the planned pre-feasibility study. The Company is also finalising the first ever geological model for the Gunmetal zone with drillholes to planned thereafter. Guardian has also received a Notice Level permit which allows for the excavation of 20 drill pads at the Project's 'Garnet' tungsten-copper-silver-zinc zone. Finally, preliminary drill planning is underway to target the newly discovered mineralised copper breccia zone within the Porphyry South target area located immediately south of Desert Scheelite.
Oliver Friesen, CEO of Guardian Metal, commented:
"As the need for a domestic U.S. mined source of tungsten continues to accelerate, we are pleased to able to produce another positive set of drilling results from the ongoing Pilot Mountain drilling campaign.
"Our Nevada based operating team is working hard to complete the final few Desert Scheelite drillholes, following the completion of which, they will commence work on the geotechnical drillholes to support the Project's pre-feasibility study. Work is also being progressed at the Project's Garnet and Gunmetal zones which host polymetallic tungsten-silver-copper-zinc mineralisation very similar to what is found at Desert Scheelite. We consider these as being low-hanging fruit targets given the historical widely-spaced drilling which uncovered significant intervals of skarn-style polymetallic mineralisation.
"We are also pleased to report that initial preparations are now underway for the Company's first ever boots on the ground work programme at Tempiute and we anticipate providing an update to the market covering more details in short order.
"As work progresses across our Nevada-based tungsten portfolio, the push to secure domestic supplies of critical and defence-related metals only strengthens the strategic positioning of Guardian Metal Resources within the U.S. and abroad."
Desert Scheelite Highlights:
§ Of significance within this particular batch of results is the mineralised widths (>0.10% WO3) encountered throughout several holes as well as the intersection of multiple broad mineralised intervals. These include mineralised 14.2m and 7.8m intervals in PM24-029, 19.4m and 27m intervals in PM24-031, 18.5m and 18.2m intervals in PM24-038 as well as multiple others throughout the holes reported herein.
§ Some of the most significant individual silver results from the 2024/2025 drilling programme were received from this batch of results including 434g/t (PM24-034), 345g/t (PM24-038), and two 355g/t Ag results from PM24-038.
§ Drillhole PM24-034 highlight downhole intersections:
o 27.1m @ 0.46% W03, 32g/t Ag, 3,278ppm Cu & 0.71% Zn from 20.7 - 47.8m (27.1m @ 0.72% WO3Eq* or 2.35% CuEq**); including
- 5.3m @ 1.08% W03, 130.5g/t Ag, 2,382ppm Cu & 0.32% Zn from 34.2 - 39.5 (5.3m @ 1.57% WO3Eq* or 5.15% CuEq**).
§ Drillhole PM24-038 highlight downhole intersection :
o 18.5m @ 0.28% W03, 55.1g/t Ag, 353ppm Cu & 0.26% Zn from 27 - 45.5m (18.5m @ 0.48% WO3Eq* or 1.57% CuEq**); and
o 18.2m @ 0.25% W03, 97.6g/t Ag, 802ppm Cu & 1.03% Zn from 58 - 76.2m (18.2m @ 0.66% WO3Eq* or 2.17% CuEq**); including
- 6.0m @ 0.24% W03, 253.3g/t Ag, 205ppm Cu & 1.09% Zn from 58 - 64m (6.0m @ 1.11% WO3Eq* or 3.64% CuEq**).
§ Drillhole PM24-039 highlight downhole intersection :
o 7.5m @ 0.21% W03, 2.9g/t Ag, 125ppm Cu & 0.12% Zn from 26.5 - 34m (7.5m @ 0.23% WO3Eq* or 0.75% CuEq**); and
o 12.1m @ 0.35% W03, 57.2g/t Ag, 5103ppm Cu & 0.98% Zn from 41.8 - 53.9m (12.1m @ 0.76% WO3Eq* or 2.50% CuEq**).
*,**Copper and W03 Equivalent ("WO3Eq") are calculated using a tungsten price of US $337.5/MTU, a zinc price of US$1.263/lb, a copper price of US$4.57/lb and a silver price of US$31.12/Oz.
Results
Table 1: 2024 Drillhole collar table (this RNS)
| Hole ID | Zone | UTM Easting # | UTM Northing # | Azimuth (deg.) | Dip (deg.) | Down hole Depth (m) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PM24-029 | Desert Scheelite | 424200.7 | 4248327 | 184.11 | -53.3 | 81.7 | ||||||
| PM24-030 | Desert Scheelite | 423858.6 | 4248208 | 180.58 | -73.1 | 85.04 | ||||||
| PM24-031 | Desert Scheelite | 423848.3 | 4248234 | 184.95 | -83.3 | 125.9 | ||||||
| PM24-032 | Desert Scheelite | 423810 | 4248226 | 178.37 | -73.3 | 106.1 | ||||||
| PM24-033 | Desert Scheelite | 423907.9 | 4248249 | 186.51 | -47.7 | 78.0 | ||||||
| PM24-034 | Desert Scheelite | 423957.7 | 4248283 | 178.08 | -53.4 | 98.45 | ||||||
| PM24-035 | Desert Scheelite | 423933.5 | 4248276 | 184.43 | -64.9 | 90.0 | ||||||
| PM24-036 | Desert Scheelite | 423907.8 | 4248271 | 179.86 | -50.0 | 42.7 | ||||||
| PM24-037 | Desert Scheelite | 423907.7 | 4248270 | 182.34 | -51.0 | 84.4 | ||||||
| PM24-038 | Desert Scheelite | 423979.5 | 4248290 | 175.62 | -56.4 | 91.44 | ||||||
| PM24-039 | Desert Scheelite | 424018.3 | 4248296 | 183.97 | -61.2 | 78.0 | ||||||
| #UTM Zone 11 North NAD83 datum | ||||||||||||
| Table 2: Significant Diamond Drillhole Assay Results1 | ||||||||||||
| Hole ID | Downhole Depth (m) | Interval (m) | W | W | WO3 | Zn | Ag | Cu | Intersection Composites | |||
| From | To | (ppm) a | (%) b | (%) c | (%) d | (g/t) a | (ppm) a | (weighted averages) c | ||||
| PM24-029 | 42.8 | 44.5 | 1.70 | 1,330 | - | 0.17 | Δ | 0.31 | 1.7 | 392 | 14.2m @ 0.25% WO3 , 0.04% Cu , 0.98% Zn & 5.05 g/t Ag | |
| 44.5 | 46.0 | 1.50 | 2,380 | 0.31 | 0.31 | 1.54 | Ø | 7.6 | 1,160 | |||
| 46.0 | 46.7 | 0.70 | 2,060 | 0.56 | 0.56 | 2.22 | Ø | 14.2 | 2,360 | |||
| 46.7 | 48.5 | 1.80 | 2,970 | 0.38 | 0.38 | 1.85 | Ø | 1.4 | 507 | |||
| 48.5 | 50.0 | 1.50 | 1,180 | - | 0.15 | Δ | 0.37 | 17.8 | 170 | |||
| 50.0 | 51.5 | 1.50 | 1,020 | - | 0.13 | Δ | 0.80 | 9.8 | 150 | |||
| 51.5 | 53.0 | 1.50 | 1,330 | - | 0.17 | Δ | 0.02 | - | 57 | |||
| 53.0 | 54.5 | 1.50 | 1,650 | - | 0.21 | Δ | 0.43 | 0.5 | 135 | |||
| 54.5 | 56.0 | 1.50 | 2,220 | 0.29 | 0.29 | 2.45 | Ø | 0.6 | 165 | |||
| 56.0 | 57.0 | 1.00 | 2,280 | 0.31 | 0.31 | 0.15 | 1.9 | 30 | ||||
| PM24-029 | 68.7 | 70.2 | 1.50 | 1,460 | - | 0.18 | Δ | 0.09 | 1.4 | 56 | 7.8m @ 0.21% WO3, 0.04% Cu, 0.9% Zn & 11.82 g/t Ag | |
| 70.2 | 71.7 | 1.50 | 1,730 | - | 0.22 | Δ | 0.06 | 0.7 | 49 | |||
| 71.7 | 73.2 | 1.50 | 660 | - | 0.08 | Δ | 0.12 | 20.4 | 48 | |||
| 73.2 | 74.7 | 1.50 | 2,480 | 0.34 | 0.34 | 1.33 | Ø | 36.5 | 615 | |||
| 74.7 | 75.7 | 1.00 | 1,790 | - | 0.23 | Δ | 3.66 | Ø | 1.8 | 870 | ||
| 75.7 | 76.5 | 0.80 | 1,390 | - | 0.18 | Δ | 1.21 | Ø | 2.4 | 1,195 | ||
| PM24-030 | 17.4 | 18.4 | 1.00 | 1,670 | - | 0.21 | Δ | 0.04 | 3.2 | 105 | 2.6m @ 0.28% WO3, 0.01% Cu, 0.03% Zn & 2.46 g/t Ag | |
| 18.4 | 20.0 | 1.60 | 2,430 | 0.33 | 0.33 | 0.02 | 2.0 | 38 | ||||
| PM24-030 | 26.0 | 27.5 | 1.50 | 3,130 | 0.81 | 0.81 | 0.06 | 1.7 | 35 | 3m @ 0.53% WO3, 0% Cu, 0.04% Zn & 1.5 g/t Ag | ||
| 27.5 | 29.0 | 1.50 | 1,980 | - | 0.25 | Δ | 0.02 | 1.3 | 20 | |||
| PM24-030 | 33.5 | 35.0 | 1.50 | 1,850 | - | 0.23 | Δ | 0.08 | 0.9 | 93 | 10.5m @ 0.33% WO3, 0% Cu, 0.05% Zn & 2.36 Ag | |
| 35.0 | 36.5 | 1.50 | 1,660 | - | 0.21 | Δ | 0.05 | 1.3 | 31 | |||
| 36.5 | 38.0 | 1.50 | 2,010 | 0.27 | 0.27 | 0.07 | 1.1 | 51 | ||||
| 38.0 | 39.5 | 1.50 | 2,300 | 0.33 | 0.33 | 0.05 | 0.9 | 34 | ||||
| 39.5 | 41.0 | 1.50 | 980 | - | 0.12 | Δ | 0.05 | 0.7 | 19 | |||
| 41.0 | 42.5 | 1.50 | 2,600 | 0.44 | 0.44 | 0.03 | 10.2 | 27 | ||||
| 42.5 | 44.0 | 1.50 | 3,400 | 0.69 | 0.69 | 0.02 | 1.4 | 28 | ||||
| PM24-030 | 63.1 | 64.2 | 1.10 | 3,200 | 0.75 | 0.75 | 0.00 | - | 29 | 3.4m @ 0.36% WO3, 0.01% Cu, 0.02% Zn & 0.22 g/t Ag | ||
| 64.2 | 65.0 | 0.80 | 1,320 | - | 0.17 | Δ | 0.02 | - | 51 | |||
| 65.0 | 66.5 | 1.50 | 1,390 | - | 0.18 | Δ | 0.03 | 0.5 | 65 | |||
| PM24-031 | 30.1 | 31.8 | 1.70 | 2,370 | 0.32 | 0.32 | 0.01 | 0.9 | 82 | 1.7m @ 0.32% WO3, 0.01% Cu, 0.01% Zn & 0.9 g/t Ag | ||
| PM24-031 | 51.3 | 52.8 | 1.50 | 3,450 | 0.54 | 0.54 | 0.01 | - | 18 | 19.4m @ 0.26% WO3, 0% Cu, 0.03% Zn & 2.35 Ag | ||
| 52.8 | 54.3 | 1.50 | 3,590 | 0.50 | 0.50 | 0.01 | - | 24 | ||||
| 54.3 | 55.8 | 1.50 | 760 | - | 0.10 | Δ | 0.03 | - | 39 | |||
| 55.8 | 57.3 | 1.50 | 1,550 | - | 0.20 | Δ | 0.01 | - | 23 | |||
| 57.3 | 58.8 | 1.50 | 30 | - | 0.00 | Δ | 0.02 | - | 14 | |||
| 58.8 | 60.3 | 1.50 | 1,130 | - | 0.14 | Δ | 0.02 | - | 58 | |||
| 60.3 | 61.8 | 1.50 | 2,090 | 0.28 | 0.28 | 0.01 | - | 9 | ||||
| 61.8 | 63.2 | 1.40 | 1,260 | - | 0.16 | Δ | 0.16 | 19.1 | 41 | |||
| 63.2 | 64.7 | 1.50 | 2,090 | 0.28 | 0.28 | 0.01 | - | 23 | ||||
| 64.7 | 66.2 | 1.50 | 1,280 | - | 0.16 | Δ | 0.03 | 4.6 | 53 | |||
| 66.2 | 67.7 | 1.50 | 2,410 | 0.33 | 0.33 | 0.02 | 2.6 | 102 | ||||
| 67.7 | 69.2 | 1.50 | 1,280 | - | 0.16 | Δ | 0.01 | 0.7 | 75 | |||
| 69.2 | 70.7 | 1.50 | 3,760 | 0.52 | 0.52 | 0.03 | 4.7 | 16 | ||||
| PM24-031 | 82.7 | 84.2 | 1.50 | 1,590 | - | 0.20 | Δ | 0.07 | 27.0 | 49 | 27m @ 0.29% WO3, 0.01% Cu, 0.02% Zn & 3.09 g/t Ag | |
| 84.2 | 85.7 | 1.50 | 2,160 | 0.59 | 0.59 | 0.02 | 0.5 | 28 | ||||
| 85.7 | 87.2 | 1.50 | 2,460 | 0.34 | 0.34 | 0.01 | 0.6 | 41 | ||||
| 87.2 | 88.7 | 1.50 | 3,210 | 0.45 | 0.45 | 0.01 | 1.7 | 35 | ||||
| 88.7 | 90.2 | 1.50 | 550 | - | 0.07 | Δ | 0.02 | - | 33 | |||
| 90.2 | 91.7 | 1.50 | 50 | - | 0.01 | Δ | 0.01 | - | 16 | |||
| 91.7 | 93.2 | 1.50 | 2,700 | 0.37 | 0.37 | 0.01 | - | 47 | ||||
| 93.2 | 94.7 | 1.50 | 3,930 | 0.60 | 0.60 | 0.02 | - | 32 | ||||
| 94.7 | 96.2 | 1.50 | 2,050 | 0.51 | 0.51 | 0.03 | 2.5 | 98 | ||||
| 96.2 | 97.7 | 1.50 | 2,100 | 0.28 | 0.28 | 0.03 | 1.3 | 25 | ||||
| 97.7 | 99.2 | 1.50 | 2,300 | 0.29 | 0.29 | 0.02 | - | 7 | ||||
| 99.2 | 100.7 | 1.50 | 430 | - | 0.05 | Δ | 0.03 | 4.3 | 83 | |||
| 100.7 | 102.2 | 1.50 | 2,240 | 0.29 | 0.29 | 0.03 | 7.2 | 39 | ||||
| 102.2 | 103.7 | 1.50 | 1,240 | - | 0.16 | Δ | 0.02 | 2.8 | 49 | |||
| 103.7 | 105.2 | 1.50 | 3,490 | 0.47 | 0.47 | 0.02 | 1.3 | 108 | ||||
| 105.2 | 106.7 | 1.50 | 420 | - | 0.05 | Δ | 0.02 | 1.9 | 51 | |||
| 106.7 | 108.2 | 1.50 | 1,200 | - | 0.15 | Δ | 0.02 | 1.7 | 74 | |||
| 108.2 | 109.7 | 1.50 | 2,330 | 0.32 | 0.32 | 0.02 | 2.8 | 211 | ||||
| PM24-032 | 64.2 | 65.7 | 1.50 | 2,180 | 0.28 | 0.28 | 0.02 | 2.4 | 99 | 1.5m @ 0.28% WO3, 0.01% Cu, 0.02% Zn & 2.4 g/t Ag | ||
| PM24-033 | 7.5 | 9.0 | 1.50 | 2,710 | 0.44 | 0.44 | 0.03 | 3.1 | 89 | 14.6m @ 0.14% WO3, 0.01% Cu, 0.08% Zn & 4.38 g/t Ag | ||
| 9.0 | 10.5 | 1.50 | 470 | - | 0.06 | Δ | 0.03 | 3.1 | 109 | |||
| 10.5 | 12.0 | 1.50 | 130 | - | 0.02 | Δ | 0.06 | 3.8 | 49 | |||
| 12.0 | 13.5 | 1.50 | 1,030 | - | 0.13 | Δ | 0.04 | 2.0 | 54 | |||
| 13.5 | 15.0 | 1.50 | 350 | - | 0.04 | Δ | 0.06 | 6.1 | 29 | |||
| 15.0 | 16.2 | 1.20 | 1,110 | - | 0.14 | Δ | 0.07 | 2.3 | 11 | |||
| 16.2 | 17.7 | 1.50 | 400 | - | 0.05 | Δ | 0.20 | 3.6 | 45 | |||
| 17.7 | 19.3 | 1.60 | 290 | - | 0.04 | Δ | 0.10 | 3.6 | 30 | |||
| 19.3 | 20.6 | 1.30 | 1,010 | - | 0.13 | Δ | 0.09 | 2.5 | 26 | |||
| 20.6 | 22.1 | 1.50 | 2,360 | 0.39 | 0.39 | 0.16 | 13.1 | 53 | ||||
| PM24-033 | 44.8 | 46.3 | 1.50 | 1,410 | - | 0.18 | Δ | 1.19 | Ø | 66.8 | 801 | 9m @ 0.2% WO3, 0.02% Cu, 0.3% Zn & 13.57 g/t Ag |
| 46.3 | 47.8 | 1.50 | 1,230 | - | 0.16 | Δ | 0.33 | 7.3 | 224 | |||
| 47.8 | 49.3 | 1.50 | 2,000 | 0.26 | 0.26 | 0.10 | 3.8 | 57 | ||||
| 49.3 | 50.8 | 1.50 | 660 | - | 0.08 | Δ | 0.05 | 1.3 | 23 | |||
| 50.8 | 52.3 | 1.50 | 1,620 | - | 0.20 | Δ | 0.05 | 1.0 | 47 | |||
| 52.3 | 53.8 | 1.50 | 2,350 | 0.33 | 0.33 | 0.07 | 1.2 | 184 | ||||
| PM24-034 | 20.7 | 22.2 | 1.50 | 2,040 | 0.28 | 0.28 | 0.10 | 2.0 | 187 | 27.1m @ 0.46% WO3, 0.33% Cu, 0.71% Zn & 32 g/t Ag | ||
| 22.2 | 23.7 | 1.50 | 1,740 | - | 0.22 | Δ | 0.14 | 5.0 | 144 | |||
| 23.7 | 25.2 | 1.50 | 2,820 | 0.44 | 0.44 | 0.06 | 0.9 | 125 | ||||
| 25.2 | 26.7 | 1.50 | 2,380 | 0.46 | 0.46 | 0.20 | 3.9 | 356 | ||||
| 26.7 | 28.2 | 1.50 | 1,600 | - | 0.20 | Δ | 0.33 | 3.7 | 928 | |||
| 28.2 | 29.7 | 1.50 | 1,040 | - | 0.13 | Δ | 1.64 | Ø | 18.0 | 6,450 | ||
| 29.7 | 31.2 | 1.50 | 2,060 | 0.63 | 0.63 | 2.23 | Ø | 41.4 | 13,700 | |||
| 31.2 | 32.7 | 1.50 | 2,500 | 0.53 | 0.53 | 1.85 | Ø | 9.3 | 7,550 | |||
| 32.7 | 34.2 | 1.50 | 2,400 | 0.32 | 0.32 | 0.88 | 12.8 | 6,220 | ||||
| 34.2 | 35.7 | 1.50 | 6,730 | 1.20 | 1.20 | 0.72 | 23.8 | 4,480 | 5.3m @ 1.08% WO3, 0.24% Cu, 0.32% Zn & 130.05 g/t Ag | |||
| 35.7 | 36.8 | 1.10 | 10,000 | 1.62 | 1.62 | 0.15 | 434.0 | 3,650 | ||||
| 36.8 | 38.2 | 1.40 | 2,570 | 0.32 | 0.32 | 0.03 | 99.0 | 603 | ||||
| 38.2 | 39.5 | 1.30 | 3,960 | 1.30 | 1.30 | 0.31 | 28.9 | 808 | ||||
| 39.5 | 41.8 | 2.30 | - | - | - | Δ | - | - | - | |||
| 41.8 | 44.8 | 3.00 | 840 | - | 0.11 | Δ | 1.37 | Ø | 2.1 | 2,490 | ||
| 44.8 | 46.3 | 1.50 | 4,790 | 0.78 | 0.78 | 1.13 | Ø | 15.8 | 7,700 | |||
| 46.3 | 47.8 | 1.50 | 2,060 | 0.28 | 0.28 | 0.42 | 1.6 | 2,460 | ||||
| PM24-035 | 20.1 | 21.7 | 1.60 | 4,310 | 0.77 | 0.77 | 0.12 | 17.0 | 236 | 6.1m @ 0.3% WO3, 0.01% Cu, 0.08% Zn & 9.2 g/t Ag | ||
| 21.7 | 23.2 | 1.50 | 420 | - | 0.05 | Δ | 0.09 | 10.7 | 112 | |||
| 23.2 | 24.7 | 1.50 | 1,330 | - | 0.17 | Δ | 0.04 | 4.2 | 80 | |||
| 24.7 | 26.2 | 1.50 | 1,330 | - | 0.17 | Δ | 0.04 | 4.4 | 78 | |||
| PM24-035 | 8.2 | 9.8 | 1.6 | 2,520 | 0.35 | 0.35 | 0.01 | 2.1 | 518 | 1.6m @ 0.35% WO3, 0.05% Cu, 0.01% Zn & 2.1 g/t Ag | ||
| 35.2 | 36.7 | 1.50 | 3,230 | 0.55 | 0.55 | 0.04 | 4.3 | 81 | 14.2m @ 0.52% WO3, 0.04% Cu, 0.09% Zn & 5.19 g/t Ag | |||
| 36.7 | 38.2 | 1.50 | 3,880 | 0.54 | 0.54 | 0.02 | 4.3 | 40 | ||||
| 38.2 | 39.7 | 1.50 | 3,650 | 0.57 | 0.57 | 0.04 | 17.5 | 113 | ||||
| 39.7 | 41.2 | 1.50 | 3,700 | 0.58 | 0.58 | 0.07 | 11.7 | 121 | ||||
| 41.2 | 42.7 | 1.50 | 2,410 | 0.39 | 0.39 | 0.02 | 1.2 | 137 | ||||
| 42.7 | 44.2 | 1.50 | 1,400 | - | 0.18 | Δ | 0.06 | 1.9 | 277 | |||
| 44.2 | 45.7 | 1.50 | 1,350 | - | 0.17 | Δ | 0.22 | 3.3 | 1,185 | |||
| 45.7 | 47.2 | 1.50 | 6,960 | 0.99 | 0.99 | 0.12 | 1.4 | 465 | ||||
| 47.2 | 48.7 | 1.50 | 5,340 | 0.70 | 0.70 | 0.09 | 0.6 | 198 | ||||
| 48.7 | 49.4 | 0.70 | 4,020 | 0.52 | 0.52 | 0.31 | 6.3 | 3,260 | ||||
| PM24-036 | 34.6 | 36.1 | 1.50 | 1,050 | - | 0.13 | Δ | 0.56 | 20.1 | 284 | 8.1m @ 0.15% WO3, 0.02% Cu, 0.45% Zn & 33.07 g/t Ag | |
| 36.1 | 37.6 | 1.50 | 400 | - | 0.05 | Δ | 0.55 | 8.2 | 382 | |||
| 37.6 | 38.6 | 1.00 | 180 | - | 0.02 | Δ | 0.08 | 2.4 | 82 | |||
| 38.6 | 40.0 | 1.40 | 1,790 | - | 0.23 | Δ | 0.44 | 18.4 | 70 | |||
| 40.0 | 41.5 | 1.50 | 2,090 | 0.26 | 0.26 | 0.60 | 105.0 | 166 | ||||
| 41.5 | 42.7 | 1.20 | 1,150 | - | 0.15 | Δ | 0.31 | 33.1 | 139 | |||
| PM24-037 | 32.5 | 34.0 | 1.50 | 1,260 | - | 0.16 | Δ | 0.16 | 6.2 | 60 | 1.5m @ 0.16% WO3, 0.01% Cu, 0.16% Zn & 6.2 g/t Ag | |
| PM24-037 | 40.0 | 41.5 | 1.50 | 1,370 | - | 0.17 | Δ | 0.14 | 5.8 | 15 | 1.5m @ 0.17% WO3, 0% Cu, 0.14% Zn & 5.8 g/t Ag | |
| PM24-037 | 49.0 | 50.5 | 1.50 | 1,660 | - | 0.21 | Δ | 0.43 | 90.6 | 161 | 3m @ 0.21% WO3, 0.01% Cu, 0.41% Zn & 127.3 g/t Ag | |
| 50.5 | 52.0 | 1.50 | 1,650 | - | 0.21 | Δ | 0.39 | 164.0 | 128 | |||
| PM24-037 | 62.5 | 64.0 | 1.50 | 600 | - | 0.08 | Δ | 1.06 | Ø | 120.0 | 328 | 7.5m @ 0.18% WO3, 0.03% Cu, 0.46% Zn & 46.4 g/t Ag |
| 64.0 | 65.5 | 1.50 | 1,880 | - | 0.24 | Δ | 0.55 | 100.0 | 244 | |||
| 65.5 | 67.0 | 1.50 | 1,570 | - | 0.20 | Δ | 0.17 | 2.9 | 170 | |||
| 67.0 | 68.5 | 1.50 | 1,460 | - | 0.18 | Δ | 0.28 | 1.2 | 138 | |||
| 68.5 | 70.0 | 1.50 | 1,800 | - | 0.23 | Δ | 0.23 | 7.9 | 371 | |||
| PM24-038 | 27.0 | 27.7 | 0.70 | 4,400 | 0.60 | 0.60 | 0.09 | 2.2 | 187 | 18.5m @ 0.28% WO3, 0.04% Cu, 0.26% Zn & 55.11 g/t Ag | ||
| 27.7 | 30.8 | 3.10 | 2,990 | 0.42 | 0.42 | 0.10 | 1.3 | 61 | ||||
| 30.8 | 32.3 | 1.50 | 2,900 | 0.39 | 0.39 | 0.09 | 1.4 | 31 | ||||
| 32.3 | 33.8 | 1.50 | 1,910 | - | 0.24 | Δ | 0.07 | 0.8 | 41 | |||
| 33.8 | 35.7 | 1.90 | 650 | - | 0.08 | Δ | 0.18 | 3.7 | 163 | |||
| 35.7 | 37.2 | 1.50 | 530 | - | 0.07 | Δ | 0.18 | 4.4 | 56 | |||
| 37.2 | 38.7 | 1.50 | 2,820 | 0.37 | 0.37 | 0.85 | 101.0 | 1,215 | ||||
| 38.7 | 40.2 | 1.50 | 430 | - | 0.05 | Δ | 0.35 | 52.8 | 120 | |||
| 40.2 | 41.8 | 1.60 | 2,400 | 0.32 | 0.32 | 0.53 | 286.0 | 730 | ||||
| 41.8 | 42.6 | 0.80 | 4,590 | 0.63 | 0.63 | 0.61 | 345.0 | 2,940 | ||||
| 42.6 | 45.5 | 2.90 | 1,670 | - | 0.21 | Δ | 0.16 | 11.3 | 66 | |||
| PM24-038 | 58.0 | 59.5 | 1.50 | 2,930 | 0.49 | 0.49 | 1.37 | Ø | 355.0 | 176 | 6m @ 0.24% WO3, 0.02% Cu, 1.09% Zn & 253.25 g/t Ag | 18.2m @ 0.25% WO3, 0.08% Cu, 1.03% Zn & 97.64 g/t Ag |
| 59.5 | 61.0 | 1.50 | 1,410 | - | 0.18 | Δ | 0.98 | 355.0 | 140 | |||
| 61.0 | 62.5 | 1.50 | 1,710 | - | 0.22 | Δ | 1.04 | Ø | 129.0 | 122 | ||
| 62.5 | 64.0 | 1.50 | 740 | - | 0.09 | Δ | 0.97 | 174.0 | 382 | |||
| 64.0 | 65.5 | 1.50 | 2,410 | 0.32 | 0.32 | 1.80 | Ø | 66.5 | 1,070 | |||
| 65.5 | 67.2 | 1.70 | 1,300 | - | 0.16 | Δ | 1.27 | Ø | 13.2 | 1,410 | ||
| 67.2 | 68.7 | 1.50 | 1,400 | - | 0.18 | Δ | 1.84 | Ø | 19.2 | 3,380 | ||
| 68.7 | 70.2 | 1.50 | 2,040 | 0.29 | 0.29 | 0.88 | 44.2 | 970 | ||||
| 70.2 | 71.7 | 1.50 | 400 | - | 0.05 | Δ | 0.53 | 4.3 | 484 | |||
| 71.7 | 73.1 | 1.40 | 1,690 | - | 0.21 | Δ | 1.11 | Ø | 5.4 | 363 | ||
| 73.1 | 74.6 | 1.50 | 2,770 | 0.40 | 0.40 | 0.44 | 6.1 | 448 | ||||
| 74.6 | 76.2 | 1.60 | 3,060 | 0.46 | 0.46 | 0.18 | 10.7 | 581 | ||||
| PM24-039 | 26.5 | 27.9 | 1.40 | 1,650 | - | 0.21 | Δ | 0.17 | 3.9 | 248 | 7.5m @ 0.21% WO3, 0.01% Cu, 0.12% Zn & 2.91 g/t Ag | |
| 27.9 | 29.4 | 1.50 | 2,040 | 0.28 | 0.28 | 0.07 | 1.5 | 100 | ||||
| 29.4 | 30.9 | 1.50 | 1,150 | - | 0.15 | Δ | 0.08 | 2.0 | 138 | |||
| 30.9 | 32.4 | 1.50 | 1,430 | - | 0.18 | Δ | 0.14 | 2.3 | 60 | |||
| 32.4 | 34.0 | 1.60 | 1,730 | - | 0.22 | Δ | 0.15 | 4.8 | 92 | |||
| PM24-039 | 41.8 | 43.3 | 1.50 | 3,650 | 0.52 | 0.52 | 2.18 | Ø | 106.0 | 15,150 | 12.1m @ 0.35% WO3, 0.51% Cu, 0.98% Zn & 57.24 Ag | |
| 43.3 | 44.2 | 0.90 | 2,470 | 0.33 | 0.33 | 0.85 | 17.4 | 3,990 | ||||
| 44.2 | 45.7 | 1.50 | 2,320 | 0.32 | 0.32 | 0.90 | 46.0 | 8,200 | ||||
| 45.7 | 47.5 | 1.80 | 2,820 | 0.41 | 0.41 | 1.34 | Ø | 38.5 | 9,820 | |||
| 47.5 | 49.1 | 1.60 | 3,580 | 0.64 | 0.64 | 0.82 | 201.0 | 1,820 | ||||
| 49.1 | 50.7 | 1.60 | 2,030 | 0.27 | 0.27 | 0.66 | 17.4 | 1,095 | ||||
| 50.7 | 52.2 | 1.50 | 1,250 | - | 0.16 | Δ | 0.42 | 9.8 | 100 | |||
| 52.2 | 53.9 | 1.70 | 1,310 | - | 0.17 | Δ | 0.60 | 9.1 | 381 | |||
Table 2 notes:
Summary of certificated assay results provided by accredited laboratory ALS USA Inc
ppm: parts per million, 10,000 ppm = 1%
a: ALS method ME-ICP61;
b: WO3 % calculated as W % multiplied by 1.2611
c: ALS method Zn-OG62
Δ: denotes WO3 % calculated using W ppm (method ME-XRF15c)
F: denotes Zn % calculated using Zn ppm (method ME-ICP61)
Figure 1: 2025 drillhole plan map showing the location of all holes drilled to date. Red drill collars represent holes for which assays have been reported, yellow collars are holes still to be reported.
References
1: ALS USA Inc. analytical method utilised: ME-ICP61 for all samples, with ME-ICP61 overlimit samples also analysed using Ore Grade packages Ag-OG62, Cu-OG62, Pb-OG62, Zn-OG62, and W-XRF15c for high-grade tungsten.
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