Good morning anyone see this today8 Feb 2024 08:26
Golden Metal Resources plc (LSE:GMET), focused on Nevada, USA, updates its Pilot Mountain project, believed to hold the largest undeveloped tungsten resource in the US, with additional potential in garnet deposits. Historical data and exploration suggest approximately 40% of mineralized intervals at Pilot Mountain contain garnet, potentially significant for project economics. The company plans to appoint a garnet specialist for detailed analysis and is finalizing drill permit applications. CEO Oliver Friesen highlights the unexpected economic implications of garnet recovery alongside tungsten, emphasizing potential cost reduction in processing. Further studies will explore the impact on project economics.