Great Western Share News (GWMO)

Great Western Information

Buy GWMO Shares
Add GWMO to Watchlist
Add GWMO to Alert

Share Price Information for Great Western (GWMO)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 0.0385

Bid: 0.037

Ask: 0.04

Change: -0.0002 (-0.51%)

Spread: 0.003 (8.108%)

Open: 0.039

High: 0.0388

Low: 0.0388

Prev. Close: 0.039

Last checked at -

Great Western Mining Reports Encouraging Mineral Jackpot Test Results

Mon, 06th Jan 2020 10:15

(Alliance News) - Great Western Mining Corp PLC on Monday posted "highly encouraging" results from its soil sampling exercise in the Mineral Jackpot area of Mineral County in Nevada.

"Mineral Jackpot", Great Western Mining explained, is a generic term and includes a number of gold and silver mines in Mineral County, including the Mineral Jackpot, Silver Moon, Silver Bell, Ming Toy, Cabin Rock, and Bass mines.

In total, 249 soil samples and a single grab sample were taken at Mineral Jackpot over November and December before being sent to Nevada's Bureau Veritas laboratory for analysis. Results from this analysis have been received, analysed and reviewed internally.

Results of this sampling have roughly doubled the size of the mineralised footprint over the Mineral Jackpot area and have proved connectivity between the abandoned historic mine workings for both silver and gold.

The one grab sample taken during the soil sampling exercise yielded an assay of 27.4 grammes of gold per tonne of ore, 151 grammes per tonne of silver, and 0.1% copper. The sample was taken 100 metres north west of the existing Silver Bell workings, indicating that mineralisation continues to the north west of Silver Bell and towards the Mineral Jackpot mine.

The sampling has demonstrated that existing veins in the Mineral Jackpot area are well defined geochemically, Great Western Mining said, and are evidence of a previously undefined mineralisation between the Cabin Rock and Mineral Jackpot mines. Sampling also has shown continuation of Cabin Rock mineralisation towards the south east in a previously unexplored area.

Great Western Mining Chair Brian Hall said: "The successful sampling results announced today have fully justified the project and are an essential tool in the next steps which will be to trench and drill selected targets. We have also carried out extensive sampling over the Rock House area and expect to announce these results shortly, once analysis and internal review has been completed."

Shares in Great Western Mining were up 0.4% at 0.13 pence in London on Monday morning.

By Anna Farley; annafarley@alliancenews.com

More News

1 Sep 2014 12:31

Great Western Mining submits application to start Target 4 project

Great Western Mining (GWM) has submitted an application to begin drilling on the Target 4 exploration project, which is located on National Forest System lands administered by the United States Forest Service (USFS). The exploration company said the full report of the biological survey carried out

1 Sep 2014 09:06

Great Western Submits Drilling Application For Target 4 Project In Nevada

26 Aug 2014 09:31

Great Western Mining Completes Phase 2 Drilling At M2-Smith Target

20 Jun 2014 10:55

Great Western Mining "in strongest-ever financial position"

Great Western Mining said it has started 2014 in the "strongest financial position in its corporate history" following the completion of a drilling programme in the US. The group finished the first ever drill programme on its 73 square kilometres claim block in southwest Nevada during the year ende

20 Jun 2014 09:31

Great Western Mining Loss Widens As It Ramps Up Drilling

9 Jun 2014 11:21

UK MIDDAY BRIEFING: Lloyds Prices TSB IPO Below Book Value

LONDON (Alliance News) - Lloyds Banking Group Monday set the price range of the initial public offering of TSB Banking Group PLC on the London Stock Exchange at between 220 pence to 290 pence per share, which would value the spun-off retail bank at about GBP1.28 billion at the

9 Jun 2014 10:22

UK WINNERS & LOSERS: Lloyds Among Big Losers In FTSE 100

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.
-------
FTSE 100 - WINNERS
-------
Capita, up 1.7%. Numis Securities has upgraded Capita to Buy, from Hold, and increased its pric

9 Jun 2014 08:50

Great Western Mining Finds Five New Copper Intercepts At M2-Smith

LONDON (Alliance News) - Great Western Mining Corp Monday said it has completed nine holes at its M2-Smith copper target in Nevada, and assay results from its recent drilling has shown a further five discovery grade and thickness copper intercepts. The AIM-listed mineral exploration firm sa

14 Apr 2014 09:15

Great Western Mining's M2-Smith Copper Target Progressing On Budget

LONDON (Alliance News) - Great Western Mining Corporation PLC Monday said work is progressing "in good time and on budget" at its M2-Smith copper target in Mineral County, Nevada. The company is currently conducting a drilling programme at the site which is designed to appraise and evaluate

17 Mar 2014 12:52

Great Western Mining Starts Phase 2 Drilling At M2-Smith

LONDON (Alliance News) - Great Western Mining Corporation PLC Monday announced that drilling has begun for its phase two drilling programme at the M2-Smith copper target in Nevada. The AIM-listed mineral exploration firm said earlier in March that its permit application for the drilling pro

6 Mar 2014 10:40

Great Western Mining Says Phase 2 Drilling Permit Approved

LONDON (Alliance News) - Great Western Mining Corporation PLC said Thursday that its permit application for the Phase 2 drilling programme on its M2-Smith copper target has been approved by the United States Bureau of Land Management. The AIM-listed mineral exploration firm has 73 square ki

13 Feb 2014 12:17

Great Western Mining Signs Contracts To Develop M2-Smith Copper Target

LONDON (Alliance News) - Great Western Mining Corp PLC Thursday said it has signed contracts to move forward its drill programme to establish a JORC resource at the M2-Smith copper target in California. The mineral exploration company with operations in the US said it has retained the servi

22 Jan 2014 13:43

UK MIDDAY BRIEFING: Jobless Rate Falls As UK Recovery Continues

LONDON (Alliance News) - The unemployment rate in the UK declined by more than expected in the three months to November 2013, leading to calls for renewed clarity around forward guidance from Bank of England Governor Mark Carney. Meanwhile, minutes from the BOE's latest Monetary Policy Committ

22 Jan 2014 10:56

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

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

-------

FTSE 100 - WINNERS

Sage Group, up 4.9%. The business-management software company has reve

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

Latest Share Chat

Great Western Share News (GWMO)

Share Price Information for Great Western (GWMO)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Great Western Mining Reports Encouraging Mineral Jackpot Test Results

Login to your account

Quickpicks are a member only feature

Login to your account