"Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) announces the results of its recently completed soil sampling survey at the Rock House ("RH" Group) area on its properties in Mineral County, Nevada. The Company is pleased to report that the soil survey has delivered compelling evidence for mineralisation in this previously unexplored and unmined area of Great Western's properties."
Morning All. Looks like last of placing stock filtering out. Good news is that very high Gold Grades were discovered which if linked with other targets could be an absolute company mnaker for GWMO.
Brian said "We have also carried out extensive sampling over the Rock House (RH) area and expect to announce these results shortly, once analysis and internal review has been completed"
So we have Gold sample results and grades due from Rock House also very shortly. And looks like a full drilling campaign to follow. If you look at what happened to Rockfire which did 1000% in a matter of weeks, this could really ignite from a tiny £1m mcap.
"Great Western Mining Corporation. The new Aminex?
While some commentators have dubbed Great Western Mining Corporation “the new Aminex,” the commonality lies in management only. Brian Hall, the executive chairman of Great Western was the founder and chairman of upstream oil and gas company Aminex until August 2018. He’s been joined by Aminex’s former CFO Max Williams.
Together they took part in Great Western’s most recent raise showing commitment to the business which is refocusing after a consensual boardroom reshuffle.
Exploration is embedded in Hall’s DNA and its apparent in his commitment to finding gold in the tough terrain of Nevada’s Excelsior Mountains range.
Gold is just one of the targets in Great Western’s portfolio there, and in addition to recent soil sampling for the yellow metal, the company has long been committed to finding a partner for its copper projects.
The company is leanly managed with available capital now focused on the near term, realistic discoveries on a low exploration budget.
Hall has a Shackletonesque approach to discovery. In December investors were told about the gathering of soil samples for laboratory analysis completed by a three-man team despatched from the UK and Ireland, “working against the clock just before the snowfall season.”
The samples have been delivered for analysis to a laboratory in Nevada and results are widely anticipated to be released at the beginning of 2020 when investors will find out if the ‘Mineral Jackpot’ property lives up to its promissory name.
Overall Great Western has six concession areas with the potential, it believes, for exploiting short term gold and silver deposits and in the longer term what data suggests are world-class copper deposits.
The company owns 100% of its assets, and with a just over one million pound market cap, lean management, the experience of Hall and Williams and the imminent soil sample results, investors are joining Hall and following where he put his own money."
Yes agree. Can already sense that new CEO Brian has a much better grasp on how to run a successful AIM company. Look forward to sample results shortly. Newsflow going to come thick and fast in January and with Gold spot price on a serious bullrun its all looking very good here.
"The single grab sample taken during the soil sampling exercise, MJG001, was acquired close to a recently discovered adit (horizontal mining tunnel) 100 metres to the north west of the existing Silver Bell workings. The grab sample yielded an assay of 27.4 g/t Au, 151 g/t Ag and 0.14% Cu. This clearly indicates that mineralisation continues north westwards from Silver Bell towards Mineral Jackpot and this is confirmed by the soil sample results."
Doubling the mineralised footprint on MJ is fantastic news and exceeding what i was expecting. Think we will get the RH samples in the coming days and then drilling can start. Plenty going on here and at £1m mcap its a winner