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Guardian Metal Resources PLC on Monday noted high-grade gold-silver-copper surface sampling results at the Garfield project, as Sunrise Resources PLC noted its 2% net smelter return in the area. Guardian Metals also announced board changes. The Nevada-focused tungsten exploration company Guardian Metal said recent surface sampling of epithermal veins across the Power Line zone found further zones of high-grade gold, silver and copper mineralisation. Shares in Guardian Metal climbed 8.9% to 109.97 pence on Monday afternoon in London. Guardian Metal said results from the Freeze zone found a chargeable feature extending for at least 500 metres eastwards, which represented a ‘compelling’ drill target. These results follow the commencement of the company’s early-stage exploration across its gold assets in Nevada. Sunrise, a Macclesfield, England-based industrial mineral projects developer, noted on Monday Guardian Metal’s announcement. Sunrise said it held a 2% net smelter return royalty area which includes the Power Line zone and half of the High Grade zone within Guardian Metal’s broader Garfield project. Sunrise’s Executive Chairman Patrick Cheetham said: ‘We are pleased to see GMR continuing to advance the Garfield project.’ ‘GMR has an option to buy-in half of the royalty for $1 million at any time. It is a valuable, cost-free, risk-free and free-carried interest and we look forward to seeing further results from this exciting project’, added Cheetham. Guardian Metal said it hopes to ‘enhance shareholder value’ through gold advancement at Garfield and the company’s Golconda project, also in Nevada. Guardian Metal’s Chief Executive Oliver Friesen said: ‘While tungsten remains our core focus at Guardian Metal, recent results from both Garfield and Golconda underscore the value of our diversified portfolio. ‘We will continue to advance, and assess, our Nevada gold assets in a disciplined way, ensuring any future partnerships are structured to maximise value for our shareholders. Together with our co-flagship tungsten assets, Garfield and Golconda provide additional optionality and exposure to the broader resurgence of U.S. mining.’ Guardian Metal also announced on Monday the appointment of Michael Schlumpberger as non-executive director, subject to completion of the required AIM due diligence process. Schlumpberger is to replace Mick Billing, who is retiring after four years at the company. Billing will step down from his role upon Schlumpberger’s appointment to the board. Schlumberger is currently non-executive director at Rapid Critical Metals, a critical mineral exploration company focused on Australia and North America. Executive Chairman Jason Thomas Starzecki said: ‘I look forward to working closely with him as we transform Guardian Metal into the leading producer of American-made tungsten.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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