Drilling Hits 64m of Tungsten at Pilot Mountain, Expands Resource Potential
GMTLF has more than doubled off its 52-week low of $1.1.
Summary
Guardian Metal reported strong tungsten intercepts from the Tremor Zone and first-ever drilling at Good Hope Zone on its Pilot Mountain project in Nevada. Highlights include 64.15m @ 0.20% WO3 and 12.95m @ 0.79% WO3 near surface. The Tremor Zone discovery has prompted relocation of the planned tailings storage facility, preserving optionality to include it in future mine plans. These results support potential resource growth beyond the PFS, with mineralization open in multiple directions. Assays for the southern Tremor Zone are still pending.
At the time of this announcement, GMTLF was trading at $2.20 on OTC in the Manufacturing sector, with a market capitalization of approximately $437.4M. The 52-week trading range was $1.10 to $4.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.