No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Guardian Metal Resources has announced the start of its first diamond drilling programme at the Tempiute tungsten project in Nevada.
Tempuite, a past-producing tungsten mine during the 1980s, is being drilled again across 19 targets for phase one of the programme, with further drilling to be defined as results come back.
The company said it will send drill core samples for assay testing in batches to a nearby lab in Reno, and will receive newsflow throughout the duration of the campaign.
Oliver Friesen, the company's chief executive who is on site to oversee the start of drilling, said: "Our team is very excited to have commenced the first diamond drilling programme at Tempiute since the 1980s.
"With multiple brownfield targets identified through detailed mapping, as well as newly defined zones along the eastern contact, this campaign provides a rare opportunity to test highly prospective ground in one of Nevada's most important historical tungsten districts."
The stock was more or less flat at 78.88p by 0920 BST.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.