focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreat Western Regulatory News (GWMO)

Share Price Information for Great Western (GWMO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0395
Bid: 0.039
Ask: 0.04
Change: 0.00 (0.00%)
Spread: 0.001 (2.564%)
Open: 0.0395
High: 0.0395
Low: 0.0395
Prev. Close: 0.0395
GWMO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Carlin-type Gold potential at JS Group

15 Sep 2014 07:00

RNS Number : 5999R
Great Western Mining Corp. plc
15 September 2014
 



 

15 September 2014

 

Great Western Mining Corporation PLC

("Great Western Mining", "GWM" or the "Company")

 

Carlin-type Gold potential at JS Group

 

Great Western Mining, the AIM (AIM:GWMO) and ESM quoted mineral exploration company with 73 sq. kilometres of mineral claims in south-west Nevada USA, is pleased to report the first results from the Company's 2014 field progamme on the Golconda Thrust Group, containing the four claim groups: TUN Group, EM Group, RH Group and JS Group.

 

The GWM field team carried out geological mapping, soil and rock chip sampling on three of the claim groups: TUN, EM and JS, accompanied by the Company's independent consulting geologist, Donald G Strachan.

 

The JS Group (M5) is approximately 2 miles south of the Company's Target 4 copper prospect, for which GWM recently announced the submission of a drilling permit application to the United States Forestry Service (USFS).

 

The M5 prospect is in altered siliceous host rock, exposed beneath caprock for one square kilometre north and east of M5. Four samples were taken along the northeasterly crest of the central ridge at M5. Gold (Au) was consistently anomalous in all four samples, with two samples in the 740 ppb (note 1) Au range. Arsenic (As) and Antimony (Sb) were also anomalous in the four samples, with highs of 1,736 ppm (note2) As and 51 ppm Sb. This coincidence of geochemistry and altered sediments strongly suggests Carlin-type disseminated gold mineralisation.

 

GWM will follow up these results with a detailed soil grid and rock chip geochemical programme. If similar Au-As-Sb values show up in follow-up samples from the other altered outcrops and surrounding soils, Carlin-type low-grade disseminated gold potential will become a drill target at M5.

 

GWM Chief Executive, David Fraser commented:

 

"This is exciting news. About 65% of America's gold production, or about 6.5% of world gold production, is from the long established Carlin-type gold deposits of Nevada. This is an excellent development from the first results of the Company's 2014 field programme, and further demonstrates the potential value of GWM's extensive bank of Federal Land leases in Nevada. GWM looks forward to updating shareholders with the results of the fieldwork on TUN Group and EM Group in the next two to three weeks, once final assay results have been received."

 

 

 

note 1= parts per billion

note 2= parts per million

 

 

Great Western Mining Corp Plc

David Fraser, Chief Executive

 

 

+44 207 933 8795

Davy (Nomad, ESM Adviser & Joint Broker)

John Frain

Roland French

+353 1 679 6363

john.frain@davy.ie

roland.french@davy.ie

 

Hume Capital Securities plc (Joint Broker)

Jon Belliss

Abigail Wayne

 

+44 203 693 1470

 

Walbrook (UK PR and IR)

Paul Cornelius

Guy McDougall

+44 207 933 8795

greatwesternmining@walbrookpr.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGGUUUBUPCGMP
Date   Source Headline
12th Dec 20173:44 pmRNSHolding(s) in Company
6th Dec 201712:03 pmRNSHolding(s) in Company
30th Nov 201711:12 amRNSInvestor Presentation and Podcast
23rd Nov 20173:38 pmRNSHolding(s) in Company
23rd Nov 20177:00 amRNSM1 Update
8th Nov 20177:00 amRNSInvestor presentation
1st Nov 201710:26 amRNSHolding(s) in Company
20th Oct 20175:43 pmRNSHolding(s) in Company
11th Oct 20175:32 pmRNSHolding(s) in Company
10th Oct 20177:00 amRNSM2 Technical Scoping Survey
29th Sep 20177:00 amRNSHalf-year Report
14th Sep 20177:00 amRNSOperational Update
13th Jul 201711:38 amRNSIssue of Share Options
6th Jul 20177:00 amRNSEnterprise Securities Market Notice
4th Jul 20177:00 amRNSM1 Update
30th Jun 20177:00 amRNSEnterprise Securities Market Notice
29th Jun 20177:00 amRNSEnterprise Securities Market Notice
23rd Jun 20177:00 amRNSExercise of Warrants
22nd Jun 20177:00 amRNSPlacing to Raise gross proceeds of £1,500,000
21st Jun 20177:00 amRNSEnterprise Securities Market Notice
16th Jun 20177:00 amRNSPlacing to Raise gross proceeds of £1,150,000
13th Jun 20175:03 pmRNSExercise of Warrants
12th Jun 20177:00 amRNSSignificant M2 JORC Resource Upgrade
18th May 20171:05 pmRNSResult of AGM
7th Apr 20177:00 amRNS2016 Annual Report & Notice of AGM
6th Apr 20177:00 amRNSFinal Results
22nd Feb 20175:16 pmRNSM2 JORC Resource Upgrade
2nd Feb 20174:35 pmRNSPrice Monitoring Extension
26th Jan 20172:29 pmRNSIssue of Share Options
3rd Nov 20167:00 amRNS"M1" Drill programme
17th Oct 20169:15 amRNSM1 Update
17th Oct 20167:00 amRNSPlacing to Raise gross proceeds of £500,000
28th Sep 20167:00 amRNSHalf-year Report
16th Aug 20167:00 amRNSEnterprise Securities Market Notice
11th Aug 20162:38 pmRNSShare Subdivision
10th Aug 20162:07 pmRNSChange of Registered Office
9th Aug 20169:44 amRNSHuntoon Mine Area Cooperation Agreement
19th May 201610:52 amRNSResult of AGM
25th Apr 201610:51 amRNSAnnual Report 2015
20th Apr 20167:00 amRNSFinal Results
18th Jan 20167:00 amRNSAppointment of Auditor
4th Jan 201611:27 amRNS"M4" Update
10th Dec 201510:57 amRNS"M4" Update
29th Oct 20154:40 pmRNSSecond Price Monitoring Extn
29th Oct 20154:35 pmRNSPrice Monitoring Extension
22nd Oct 201510:40 amRNS"M4" Update
6th Oct 201511:48 amRNSM1 Update
11th Sep 20157:00 amRNSJS Group ("M5") Update
28th Aug 20157:00 amRNSWebsite Update
25th Aug 201511:27 amRNSStmnt re Share Price Movement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.