16 October 2023
Golden Metal Resources plc
('Golden Metal' or the 'Company')
Attendance at the International Tungsten Industry Association Conference - Osaka, Japan
Golden Metal Resources plc (AIM:GMET, OTCQB:GMTLF) a strategic mineral exploration and development company focused on Nevada, USA, is pleased to announce its attendance at the International Tungsten Industry Association ("ITIA") AGM conference, held this year in Osaka, Japan (16-19 October 2023).
This annual event is a focal point for the global tungsten industry, attended by the key industry participants and Golden Metal has a series of important meetings arranged to discuss the Company's 100% owned Pilot Mountain project in Nevada, USA.
A link to the ITIA event is provided below:
https://www.itia.info/annual-general-meetings.html
Oliver Friesen, CEO of Golden Metal, commented:
"Golden Metal is delighted to attend this important tungsten industry event. The Company's 100% owned Pilot Mountain Project hosts what is believed to be the largest undeveloped tungsten deposit on U.S. soil with its existing Mineral Resource Estimate as well as multiple additional targets for potentially significant resource expansion.
"The AGM conference comes at a time when the importance of homeland security for critical metals is at the forefront of thinking by policymakers in the U.S. and abroad.
"Further information in respect of the Company and our Pilot Mountain Project is outlined below and Pproject specific updates will be provided to the market as material developments occur."
FURTHER INFORMATION
Golden Metal Resources PLC (AIM:GMET, OTCQB:GMTLF)
Golden Metal's latest Corporate Presentation, which will be used at the conference can be accessed on the Company's website through the following link:
https://www.goldenmetalresources.com/investors/corporate-presentation/
Company Projects
Pilot Mountain Project
The Pilot Mountain project is an advanced exploration and mineral resource definition stage project located in Mineral County in western Nevada. The project covers an area of 14.80 km2 (3,656.1 acres) and is located 200km southeast of Reno and 18km east of Mina, Nevada. It is well situated for the supply of power, water and skilled labour and proximity to transport infrastructure in Mineral County and is centred around four existing mineral deposits: Garnet; Good Hope; Gunmetal and Desert Scheelite, all of which possess significant skarn-style tungsten-copper-silver-zinc mineralisation. The Pilot Mountain project consists of 176 active lode mining claims and 4 filed mill site claims. The four mill site claims filed at the former Dunham mill site have secure access to groundwater supply sufficient for the proposed project.
Since listing in London in May 2023 Golden Metal has released a series of updates in respect of the Pilot Mountain Project as outlined below:
| Development | Date of Release | Link to AIM Announcement |
| | | |
| Appointment of Strategic Adviser | June 5, 2023 | |
| Significant Exploration Targets | June 6, 2023 | |
| Further Significant Targets | June 20, 2023 | |
| Offtake Letter of Intent | June 28, 2023 | |
| US Funding Strategy | June 29, 2023 | https://www.londonstockexchange.com/news-article/GMET/us-funding-strategy/16019106 |
| Tungsten Focused MoU | July 24, 2023 | |
| | | |
Kibby Basin Lithium Project
The Kibby Basin Project covers two claim packages which are prospective for lithium brine mineralisation. The southern claim package is less than 250m from a 2022 drillhole which returned a significant interval (169m) of lithium mineralisation which was determined to be open in all directions. The Project is less than 5km to the southeast of the Company's flagship Pilot Mountain Project.
Golconda Summit Project
Golden Metal is the operator of the Golconda Summit project, which is held under an earn-in right to acquire up to 100% of the project from the mineral claim owner pursuant to an option agreement. The Golconda Summit project is a drill-ready gold project located in Humboldt County and situated at the confluence of the Getchell and Battle Mountain - Eureka metallogenic trends, and consists of 44 lode mining claims, covering a total area of approximately 3.22km2 (795.4 acres) located approximately 27km east of Winnemucca.
Garfield Project
The Garfield project is a copper, gold and silver project covering 3.23km2 (797.9 acres) located in Mineral County, Nevada, approximately 14km due east of the town of Hawthorne and 120km due west-northwest of Tonopah.
Stonewall Project
The Stonewall project is an exploration stage gold-silver property prospective for epithermal gold-silver mineralisation. The property consists of 19 lode mining claims covering 1.59 km2 (392.5 acres) located on the northern flank of Stonewall Mountain, on the western edge of the Nellis Airforce Range Restricted Access Area, in Nye County, Nevada, approximately 24km south-east of the historic gold mining town of Goldfield and 60km due south of Tonopah.
For further information visit www.goldenmetalresources.com or contact the following:
| Golden Metal Resources plc Oliver Friesen (CEO) | Tel: +44 (0) 20 7583 8304 |
| Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll | Tel: +44 20 7213 0880 |
| First Equity Limited Broker Jonathan Brown/Jason Robertson | Tel: +44 20 7374 2212 |
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