(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.
The AIM-traded firm said the lithology and alteration were successfully predicted, and the target horizon encountered in all three holes, with the rig now at the Olympic Mine site, where eight holes were planned.
Following completion of the three-hole Rock House programme, announced on 8 June, the firm said its contracted reverse circulation (RC) rig was moved to the Trafalgar Hill prospect at the Olympic Gold Project, where it drilled three holes with an aggregate length of 430 metres.
The holes were designed to follow up the positive results from the 2021 drill programme at the shallower zone in the southern part of the Trafalgar Hill claims.
As it previously announced, the best intercepts achieved during the 2021 drill programme there were 7.6 metres at 1.91 grams of gold per tonne, including 1.5 metres at 8.9 grams per tonne, from 85.3 metres in hole OMRC006, and 1.5 metres at 1.04 grams per tonne from 35.1 metres in hole OMRC005.
The company said it developed a geological model based on last year's drilling results, and was able to predict the lithology and alteration features intersected in the three holes just completed with "great accuracy".
Great Western said the mineralised zone encountered in all three holes occurred at the contact between a haematite-altered basalt and a pyrite-impregnated rhyolite, corresponding "very closely" to the precise location predicted by its stratigraphic and structural model. and demonstrating likely continuity from the successful holes drilled on the claims in 2021.
In the third hole, OMRC014, the horizon was thicker than previously encountered, and more pyrite impregnation was observed in the underlying rhyolite.
Drill cuttings for all three holes were being sent to a laboratory for assay, which would determine whether the horizon contained gold compatible with that reported for OMRC006 and OMRC005 last year.
"At both Rock House and Trafalgar Hill, the desk work we have done since our 2021 drill campaign seems to be paying off as, subject to lab analysis, our step-out drilling appears to be supporting our prognoses," said chairman Brian Hall.
"This is a busy and exciting time for the company.
"The rig is still at the Olympic Gold Project and currently drilling in the vicinity of the former, prolific OMCO mine."
At 1326 BST, shares in Great Western Mining Corporation were down 2.4% at 0.12p.
Reporting by Josh White at Sharecast.com.
Great Western (GWMO)