Last checked at 15 Sep 2014 07:32
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Great Western Share News (GWMO)
GWMO Share
Price
GWMO Share
News
GWMO Share
Chat2
GWMO Share
Trades13
GWMO
Live RNS
GWMO Share
Charts
GWMO Level 2
Console
GWMO Live
Share Price
GWMO Broker
Ratings
GWMO Directors
Deals
GWMO Financial
Diary
GWMO
Fundamentals
GWMO Short
Positions
GWMO
Media
Great Western Information
Share Price Information for Great Western (GWMO)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
0.04
Bid:
0.038
Ask:
0.042
Change:
0.00 (0.00%)
Spread:
0.004 (10.526%)
Open:
0.04
High:
0.04
Low:
0.04
Prev. Close:
0.04
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Great Western Mining reports positive M1 results, raises £0.5m
Mon, 17th Oct 2016 10:51
(ShareCast News) - Great Western Mining updated the market on the M1 prospect on Monday, following a second soil and rock chip sampling programme during the spring and early summer to consolidate the "very encouraging" results of the previous year.The AIM-traded firm said the programme has taken a total of 215 soil samples at 40 metre intervals, and 70 randomly selected rock samples, and sent these to Bureau Veritas, Reno for analysis.It said the sampling programmes have been designed by Dr Tom Molyneux, GWM's geological advisor, in order to determine the existence of a mineralised zone below the NE-SW trending magnetic anomaly identified in previous aeromagnetics and ASTER satellite surveys carried out by the company.The programme has revealed widespread anomalous mineralisation, the board reported.In particular, gold seems to constitute a geochemical anomaly, with sample readings above 240 ppb Au, spanning two separate soil grid lines, approximately 350 metres apart.Anomalous readings of silver, 1383 and 1986 ppm Ag, and lead, 4434 ppm Pb, have also been found in these locations, it explained, with the board saying it views the area as a potential drilling target zone. The drilling target zone is just to the north east of the area held by neighbouring claim holder Crown Point Gold & Silver Mining, and is within the 34 claims held by GWM that form part of the Huntoon Mine Area Cooperation Agreement, signed with Crown Point in August."Further field work is necessary to investigate this precious and base metal anomaly, but if a trend can be established for this mineralisation some inclined drilling would be justified," said Dr Molyneux.Chief executive David Fraser said the 2016 field work on M1 confirmed and extended the widespread anomalous mineralisation found in 2015."The company is currently assessing an exploratory level drilling programme for the target zone for gold and silver that has been identified."We look forward to updating shareholders with further results as work is completed."In a separate announcement on Monday morning, Great Western Mining also announced it has raised £0.5m before expenses, via the placing of 125 million new ordinary shares at a price of 0.4p each."The net proceeds of the placing will provide the company with additional working capital to fund its pre-development activities on the M2 Copper-Gold target, and to initiate joint development work on M1 with Crown Point under the terms of the Huntoon Mine Area Cooperation Agreement," the company's board said in a statement.
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
Read more20 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
Read more20 Jun 2014 09:31
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
Read more9 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
Read more14 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
Read more17 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
Read more6 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
Read more13 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
Read more22 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
Read more