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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.
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12 Jul 2022 09:48
Great Western Mining shares rise on deal for processing joint venture
(Alliance News) - Shares rose in Great Western Mining Corp PLC on Tuesday after the company signed a memorandum of understanding with an unnamed Nevada-based mining contractor to create a new joint venture for processing waste material from Great Western's mines.
Read more7 Jul 2022 16:01
UK shareholder meetings calendar - next 7 days
| Friday 8 July | |
| Kavango Resources PLC | AGM |
| Value & Indexed Property Income Trust PLC | AGM |
| JPMorgan Multi-Asset Growth & Income PLC | AGM |
| Monday 11 July | |
| Downing Strategic Micro-Cap Investment Trust PLC | AGM |
| National Grid PLC | AGM |
| Randall & Quilter Investment Holdings Ltd | GM re fundraising |
| Water Intelligence PLC | AGM |
| Tuesday 12 July | |
| British Land Co PLC | AGM |
| BSF Enterprise PLC | AGM |
| Burberry Group PLC | AGM |
| Capital Gearing Trust PLC | AGM |
| Kazera Global PLC | AGM |
| Sanderson Design Group PLC | AGM |
| tinyBuild Inc | AGM |
| Wincanton PLC | AGM |
| Wednesday 13 July | |
| Asiamet Resources Ltd | AGM |
| Esken Ltd | AGM |
| LondonMetric Property PLC | AGM |
| Mycelx Technologies Corp | AGM |
| Oilex Ltd | GM re name change to Synergia Energy |
| Steppe Cement Ltd | AGM |
| Thursday 14 July | |
| BT Group PLC | AGM |
| Dr Martens PLC | AGM |
| Great Western Mining Corp PLC | AGM |
| Helical PLC | AGM |
| Mind Gym PLC | AGM |
| Personal Assets Trust PLC | AGM |
| Randall & Quilter Investment Holdings Ltd | AGM |
| RS Group PLC | AGM |
| Triple Point VCT 2011 PLC | AGM |
| Vietnam Enterprise Investments Ltd | AGM |
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13 Jun 2022 20:25
IN BRIEF: Great Western drills three new holes at Trafalgar Hill
Great Western Mining Corp PLC - gold, silver and copper project developer focused in Nevada, US - Says contracted reverse circulation drill rig was moved to the Trafalgar Hill prospect at the Olympic gold project in Nevada, where it has now drilled three holes with an aggregate length of 430 metres. The lithology and alteration were successfully predicted and the target horizon encountered in all three holes, it notes.
Read more13 Jun 2022 14:51
Great Western pleased with latest drilling at Trafalgar Hill
(Sharecast News) - Nevada-focussed gold, silver and copper explorer and developer Great Western Mining updated the market on its current drilling campaign on Monday, with three holes now drilled for a combined length of 430 metres at Trafalgar Hill.
Read more8 Jun 2022 16:44
IN BRIEF: Great Western Mining notes "excellent" drilling progress
Great Western Mining Corp PLC - gold, silver and copper project developer focused in Nevada, US - Completes three holes at Rock House totalling 488 metres, with positive indicators of alteration. Says rig is now at the Olympic Gold Project for drilling at Trafalgar Hill. First drilling at the Mineral Jackpot properties will follow, it adds.
Read more19 May 2022 18:55
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Read more19 May 2022 11:02
AIM WINNERS & LOSERS: Great Western Mining starts "busy" drill season
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Read more28 Apr 2022 16:11
IN BRIEF: Great Western Mining boasts a "busy" and "successful" 2021
Great Western Mining Corp PLC - gold, silver and copper project developer focused in Nevada, US - Narrows loss in 2021 to EUR535,960 from EUR852,042. Net assets at year-end increase by 11% to EUR9.3 million from EUR8.4 million. Reports no revenue, in line with the previous year. Calls the year busy, productive and successful despite the restrictions caused b the pandemic.
Read more29 Mar 2022 13:35
Great Western upgrades Mineral Jackpot road ahead of drilling
(Sharecast News) - Great Western Mining Corporation announced on Tuesday that the upgrade of the road to its Mineral Jackpot group of properties was now complete.
Read more24 Mar 2022 21:01
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Read more8 Feb 2022 18:10
TRADING UPDATES: Mattioli reaches record client assets in first half
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Read more8 Feb 2022 15:13
Great Western Mining outlines 2022 drilling plans
(Sharecast News) - Nevada-focussed gold, silver and copper explorer and developer Great Western Mining updated shareholders on its 2022 approved drilling programme on Tuesday.
Read more12 Jan 2022 17:58
TRADING UPDATES: Equals Group and IQGeo expect strong 2021
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