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LONDON (Alliance News) - Great Western Mining Corp PLC shares rose on Thursday after it said its drill programme on the Target 4 copper and gold prospect in the US state of Nevada has been approved by the US Forest Service.
Great Western Mining shares were up 25% to 0.530 pence per share on Thursday morning.
The Forest Service approved the company's plan of operations for a discovery level drill programme, which will lead to the final plan of operations to be signed.
"This is really good news. The company has worked very hard to achieve this approval, and is very pleased with the cooperation received from the US Forest Service. We are now in the final stages of the process of receiving our drill permit for Target 4 and look forward to updating shareholders as work commences," said Chief Executive David Fraser.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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