Source - Alliance News

Golden Metal Resources PLC - Nevada, US-focused tungsten, gold, copper, silver and zinc exploration company - Says it has staked claims over a significant footprint within the Kibby Basin, where lithium brine discoveries were recently made. The claims are near to the company’s flagship Pilot Mountain project, which is in the Walker Lake Mineral Belt in Nevada, US.

Chief Executive Officer Oliver Friesen says: ‘The staking of the claims at the Lithium Properties, which are located only a few kilometres from Pilot Mountain, is a positive step for our Nevada business, especially as the footprint now within the Lithium Properties includes an area less than 250m from one drill hole, which encountered a 169m thick zone of lithium brine mineralisation that was determined to be open in all directions.’

Current stock price: 8.68 pence

12-month change: up 6.8%

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