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Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally
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Firering Strategic Minerals : from explorer to producer
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  5. Great Western and Crown Point to cooperate at Huntoon

Pin to quick picksGreat Western Share News (GWMO)

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Share Price Information for Great Western (GWMO)

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Share Price: 0.0485
Bid: 0.047
Ask: 0.05
Change: 0.0045 (10.23%)
Spread: 0.003 (6.383%)
Open: 0.044
High: 0.0515
Low: 0.0425
Prev. Close: 0.044
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Great Western and Crown Point to cooperate at Huntoon

Tue, 09th Aug 2016 09:00

(ShareCast News) - Great Western Mining announced on Tuesday the signing of a cooperation agreement for the initial development of its M1 copper-gold prospect in Mineral County, Nevada.The AIM and ESM-traded firm said the agreement is with neighbouring interest holder Crown Point Gold & Silver Mining, and includes 34 of the company's claims in the immediate vicinity of the historic Huntoon Mine.Crown Point holds six adjoining claims.Under the agreement, GWM and Crown Point will share resources and cooperate in exploiting the potential of the Huntoon Mine Area including shared use of existing access roads.The initial period of the agreement will be three years, extendable by mutual consent.Crown Point will be permitted to follow commercially exploitable veins originating on its own ground into GWM's claims with profits shared between the parties.Any farm-out or sale of acreage will be conducted as a joint operation with the benefits accruing to both parties."This agreement represents a significant milestone in the potential commercialisation of M1," said Great Western chief executive David Fraser."Crown Point has already recovered encouraging grades of Gold from its 6 Huntoon Area claims, the potential of which extends into GWM's claims."Fraser said Crown Point's success can be correlated with the anomalous gold readings which GWM has established over a wide area."We look forward to working with Crown Point on the development of the area around the Huntoon Mine and will update shareholders as work progresses."
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22 Jan 2014 10:56

UK WINNERS & LOSERS: Sage Group Leads Blue-Chip Gainers

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FTSE 100 - WINNERS

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22 Jan 2014 10:39

Great Western Mining Raises GBP1.5 Million Through Share Placing

LONDON (Alliance News) - Great Western Mining Corporation PLC Wednesday said it has raised, through XCAP Securities, a further GBP1.5 million through a share placing. The mineral exploration company, with operations in the US said the placing was for 120 million shares in the company at a p

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22 Jan 2014 08:22

UK MORNING BRIEFING: Shares Gain At Open; Sage, JD Wetherspoon Positive

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Prior to the open FTSE 100 software developer Sage Group and FTSE 250 pub chain JD Wetherspoon both have pro

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7 Jan 2014 17:01

STOCKS NEWS EUROPE-UK small caps close up 0.4 pct

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7 Jan 2014 10:03

Great Western Mining flies as first drilling nears

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7 Jan 2014 08:22

AIM IN BRIEF: H&T Says Profit As Expected, But Gold Price Has Hurt

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25 Mar 2013 12:43

Great Western Mining completes nine drill holes at Target M2

Great Western Mining, the AIM-listed mineral exploration company with 73 sq km of mineral claims in south-west Nevada, has completed nine reverse circulation drill holes at target M2 to a combined total length of 2,582 ft. The company reported that the drill samples have been sent to Florin Analyti

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30 Jan 2013 10:32

Great Western Mining receives approval to begin drilling in Nevada

Great Western Mining advanced Wednesday after receiving regulatory approval to begin drilling operations in Nevada. The mineral exploration company was given the green light by the Bureau of Land Management to start work on the Target M2 project. Great Western is partnering up with Montana-based

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