George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video 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: 0.0465
Bid: 0.046
Ask: 0.047
Change: 0.001 (2.20%)
Spread: 0.001 (2.174%)
Open: 0.0455
High: 0.0465
Low: 0.0455
Prev. Close: 0.0455
GWMO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Drilling Update

8 Jun 2022 07:00

RNS Number : 0712O
Great Western Mining Corp. plc
08 June 2022
 

 

GREAT WESTERN MINING CORPORATION PLC

 

Drilling Update

 

Great Western Mining Corporation PLC ("Great Western", AIM - GWMO, Euronext Growth - 8GW), which is exploring and developing gold, silver and copper targets in the Walker-Lane trend of Nevada, is pleased to report progress on its current drilling campaign.

 

Summary

· Three holes completed at Rock House ('RH') totalling 488 m with positive indicators of alteration

· Rig now at the Olympic Gold Project for drilling at Trafalgar Hill and at the OMCO Mine site, to follow up on the positive 2021 drill campaign

· First drilling at the Mineral Jackpot properties will follow, made possible with a conventional RC rig by the recently completed 14 km road construction and upgrade

 

Rock House

Following an encouraging maiden drill programme in 2021, three further holes have now been drilled in the Southern Alteration Zone at RH with a combined length of 488 m, using a reverse circulation ('RC') rig currently under contract. RHRC008, the first and longest hole, was drilled directly below the section which identified the best intercepts in the 2021 programme, being (1) 1.5 m at 8.02 g/t gold from 97.5 m in RHRC006 and (2) 1.5 m at 2.29 g/t gold from 29.0 m in RHRC007. Hole RHRC008 contains sections of pyrite impregnation over tens of metres in both rhyolites and black carbonaceous sediments, along with quartz and carbonate veins and veinlets. These features are at positions that appear to correlate, via the prevailing geological structure, to the high-grade intercepts of 2021. The presence of pyrite impregnation and veining do not guarantee mineralisation but are very encouraging.

 

Holes RHRC009 and RHRC010 were drilled on a new section to the west and indicated zones of iron oxide and local trace pyrite disseminations. Mineralisation at RH can be visually subtle and the possibility of intersecting grade in these holes cannot be assessed until the cuttings have been assayed in a laboratory.

 

Great Western Chairman Brian Hall commented:  "Our 2022 drilling campaign has started well and is making excellent progress. For assay results, we are in the hands of overworked laboratories in Nevada and timing cannot be firmed up at this stage. RHRC008 appears to consolidate and build on our successful drilling in this area last year. We are very pleased to be in a position for the first time to drill Mineral Jackpot, made up of five historic gold and silver mines which have never before been explored using modern techniques. We will keep shareholders updated."

 

Competent Person Statement: The information in this announcement that relates to exploration results is based on information reviewed by Dr James Blight MGeol PhD MAusIMM (CP) who is Exploration Manager of Great Western Mining PLC. Dr Blight has requisite experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a "Competent Person" as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Dr Blight is also a "Qualified Person" as defined in the "Note for Mining and Oil & Gas Companies" which form part of the AIM Rules for Companies. Dr Blight has reviewed and consented to the inclusion in the announcement of the information in the form and context in which it appears.

 

 For further information:

 

Great Western Mining Corporation PLC

Brian Hall, Chairman

+44 207 933 8780

Max Williams, Finance Director

+44 207 933 8780

Davy (NOMAD, Euronext Growth Adviser & Joint Broker)

Brian Garrahy

 

+353 1 679 6363

Novum Securities (Joint Broker)

Jon Belliss

 

+44 207 399 9400

Walbrook PR (PR advisers)

Nick Rome

 

+44 207 933 8783

 

 

Notes to Editors

The Company has a large acreage position in Mineral County, Nevada. The area consists of rugged, mountainous terrain, which means that large parts of it remain under-explored. Mineral potential is hosted by the regional Walker Lane Structural Belt, the largest structural and metallogenic belt in Nevada, yet one of the least explored in recent times, with gold, silver and copper currently produced in Mineral County. Great Western has seven distinct concession areas which offer the potential for exploiting (1) short term gold and silver deposits and (2) long-term, world-class copper deposits. 

 

Six of the Company's properties are in the west of Mineral County and are 100% owned and operated. The Company has an option to acquire a seventh property, the Olympic Gold Project, in the east of the county. Great Western's small exploration team is supported by locally based consultants and contractors. 

 

The state of Nevada is generally considered to be one of the world's most mining friendly jurisdictions. While tightly regulated and environmentally conscious, Nevada welcomes the mining industry. Great Western takes care to ensure that its claims are maintained in good standing and all regulations observed. 

 

There are numerous gold and silver prospects on the Company's acreage, including extensive historic mine workings which offer the opportunity for secondary recovery. 

 

Furthermore, through extensive drilling over a five-year period, GWM has established a Mineral Resource on its first target area known as M2, of 4.3 million tonnes at 0.45% copper, for 19,000 tonnes of contained copper metal. This resource has been independently reported in accordance with JORC guidelines. 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DRLBIGDLIUGDGDR
Date   Source Headline
27th Mar 20247:00 amRNSRhyolite Dome Epithermal Gold Target
20th Mar 20244:04 pmRNSHolding(s) in Company
11th Mar 20247:00 amRNS£700,500 Subscription
20th Feb 20244:31 pmRNSHolding(s) in Company
1st Feb 202410:44 amRNSHolding(s) in Company
31st Jan 20241:05 pmRNSHolding(s) in Company
30th Jan 20247:00 amRNSPositive Soil and Grab Results at West Huntoon
23rd Jan 20247:00 amRNSHuntoon Mine Area Cooperation Agreement
12th Jan 20247:00 amRNSHolding(s) in Company
12th Jan 20247:00 amRNSHolding(s) in Company
10th Jan 20247:00 amRNSMill Site Update
14th Dec 20237:00 amRNSExtended Gold Zone at M5
16th Nov 20237:00 amRNSCopper Potential Materially Upgraded
14th Nov 20237:00 amRNSMill Site Progress & 121 Mining Investment Forum
18th Oct 20233:24 pmRNSTotal Voting Rights
13th Oct 202312:00 pmRNSHolding(s) in Company
27th Sep 20237:00 amRNSHalf-year Report
12th Sep 20237:00 amRNSMill Site Progress
22nd Aug 20237:00 amRNSMill Construction Update
8th Aug 20231:50 pmRNSHolding(s) in Company
8th Aug 20231:48 pmRNSHolding(s) in Company
26th Jul 20237:00 amRNSPlacing of New Ordinary Shares
10th Jul 20237:00 amRNSExploration Update
5th Jul 20232:37 pmRNSHolding(s) in Company
13th Jun 202312:00 pmRNSResult of AGM
12th Jun 20237:48 amRNSUpdated dial-in details for AGM
6th Jun 20237:00 amRNSGold & Silver Processing Update
19th May 20237:00 amRNSNotice of AGM
18th May 20237:00 amRNSFinal Results
30th Mar 20237:00 amRNSOperational Update
27th Feb 20233:30 pmRNSHolding(s) in Company
24th Feb 20232:05 pmRNSSecond Price Monitoring Extn
24th Feb 20232:00 pmRNSPrice Monitoring Extension
17th Feb 20232:05 pmRNSSecond Price Monitoring Extn
17th Feb 20232:00 pmRNSPrice Monitoring Extension
15th Feb 20233:00 pmRNSHolding(s) in Company
7th Feb 20237:00 amRNSOperations Update
30th Jan 20234:00 pmRNSGrant of Share Options
27th Jan 20234:15 pmRNSHolding(s) in Company
25th Jan 20233:00 pmRNSHolding(s) in Company
20th Jan 202312:40 pmRNSHolding(s) in Company
20th Jan 202312:40 pmRNSTotal Voting Rights
17th Jan 202311:05 amRNSSecond Price Monitoring Extn
17th Jan 202311:00 amRNSPrice Monitoring Extension
17th Jan 20239:05 amRNSSecond Price Monitoring Extn
17th Jan 20239:00 amRNSPrice Monitoring Extension
17th Jan 20237:00 amRNSPlacing and Appointment of Joint Broker
5th Jan 20237:00 amRNSOperations Update
13th Dec 20221:30 pmRNSDirector/PDMR Shareholding
8th Dec 20223:21 pmRNSDirector/PDMR Shareholding

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.