Golden Metal Resources PLC Director's Dealing (4044W)
December 12 2023 - 2:00AM
UK Regulatory
TIDMGMET
RNS Number : 4044W
Golden Metal Resources PLC
12 December 2023
12 December 2023
Golden Metal Resources plc
('Golden Metal' or the 'Company')
Director Dealing
Golden Metal Resources plc (LON:GMET OTCQB:GMTLF ), a strategic
mineral exploration and development company focused on Nevada, USA,
is pleased to announce the Company has been informed that on 11
December 2023 Oliver Friesen (Chief Executive Officer) purchased
on-market 80,000 Golden Metal shares at a price per share of 9.35p,
for an investment value of GBP7,480.
Following the above purchase Oliver Friesen has a beneficial
interest of 673,967 shares representing 0.79% of the Company's
issued share capital.
PDMR DISCLOSURE
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provide further detail on the
director's share dealing.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name
Oliver Friesen
--------------------------------------- ----------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------
a) Position/status
Chief Executive Officer
--------------------------------------- ----------------------------------------
b) Initial notification
/Amendment Initial Notification
--------------------------------------- ----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name
Golden Metal Resources Plc
--------------------------------------- ----------------------------------------
b) LEI
213800J4SKZAMUEPGW34
--------------------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
---------------------------------------------------------------------------------
a) Description of the financial ordinary shares of 1p each
instrument, type of
instrument
Identification code ISIN: GB00BPQY8R36
b) Nature of the transaction
Purchase of ordinary shares
--------------------------------------- ----------------------------------------
c) Price(s) and volume(s)
------------------ -----------------
Price(s) Volume(s)
------------------ -----------------
9.35p 80,000
------------------ -----------------
d) Aggregated information
- Aggregated volume 80,000
- Price 9.35p
e) Date of the transaction 11 December 2023
--------------------------------------- ----------------------------------------
f) Place of the transaction XLON
--------------------------------------- ----------------------------------------
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
The person responsible for arranging the release of this
announcement on behalf of the Company is Oliver Friesen, Chief
Executive Officer of the Company.
For further information visit www.goldenmetalresources.com or
contact the following:
Golden Metal Resources plc Tel: +44 (0) 20 7583 8304
Oliver Friesen (CEO)
Cairn Financial Advisers LLP Tel: +44 20 7213 0880
Nominated Adviser
Sandy Jamieson/Jo Turner/Louise
O'Driscoll
--------------------------
First Equity Limited Tel: +44 20 7374 2212
Broker
Jonathan Brown/Jason Robertson
--------------------------
THE 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.
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 brine 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 per cent.
of the project from the mineral claim owner pursuant to an option
agreement. The Golconda Summit project is an exploration stage gold
and silver 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 3.22 km2 (795.4 acres)
located approximately 27km east of Winnemucca.
Garfield Project
The Garfield Project is an exciting copper-gold-silver prospect
consisting of 39 lode mining claims covering 3.23 km(2) (797.9
acres) located in Mineral County, Nevada, approximately 14km due
east of the town of Hawthorne and 120km due west-northwest of
Tonopah. Exploration to date has included detailed geochemical
sampling and follow up analysis which highlighted the presence of
both skarn-type and porphyry style mineralisation and alteration at
the 'High-Grade Zone'. Further mapping, prospecting and rock
sampling was recently completed with results confirming presence of
high-grade copper, silver and gold mineralisation.
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.
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END
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