Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreat Western Mining Corporation PLC Regulatory News (GWMO)

Share Price Information for Great Western Mining Corporation PLC (GWMO)

Share Price is delayed by 15 minutes
Get Live Data
4.05    -0.35 (-8.05%)
Bid:
3.90
Ask:
4.20
Spread: 0.30 (7.692%)
Market Cap: £17.33m
GWMO Live PriceLast checked at - London Stock Exchange

Intraday Great Western Mining Corporation PLC Share Chart

Exploration Update

10 May 2013 07:00

RNS Number : 3831E
Great Western Mining Corp. plc
10 May 2013
 



10 May 2013

Great Western Mining Corporation PLC

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

 

Exploration Update

 

Great Western Mining Corporation plc, the Dublin-based exploration company with 73 square kilometres of mineral claims in South Western Nevada, is pleased to report on the results of its recent nine hole drilling programme on Target M2-Smith.

 

Detailed below is a direct excerpt from the JORC Compliant Report authored by Don G Strachan, Consulting Geologist QP CPG, Nevada, the Company's Independent Competent Person:

 

"Discovery-grade oxide copper intercepts were encountered by three of the drill holes.

 

"Significant Copper above 0.2% Cu cut-off was intercepted in five of the nine holes drilled in 2013. Significant individual intercepts in these five holes ranged from 40 ft. (12.2m) of 0.2% Cu (M2-001-Appendix A) to 30 ft. (9.1m) of 1.13% Cu (M2-004-Appendix A). Drill hole (M2-005-Appendix A) also intercepted 30 ft. (9.1m) of significant copper but with a lower grade of 0.84% Cu.

 

"Anomalous copper above 0.05% Cu cut-off was intercepted in eight of the nine holes of 2013. Individual anomalous intercepts ranged from 10 ft. (3.0m) of 0.08% Cu to 60 ft. (18.3m) of 0.6% Cu.

 

"Thickest anomalous copper intercept was 135 ft. (41.1m) grading 0.13% Cu (M2-001-Appendix A). The drill hole with the thickest total of anomalous intercepts was also M2-001, where two intercepts totalling 240 ft. (73.152m) had a combined grade of 0.12% with 70 ft. (21.3m) between. See Table 3.

 

"Significant gold occurred in drill hole M2-004, where 15 ft. (4.5m) - grading 0.09gpt Au was intercepted at 35 ft. (10.66m). Significant gold was not encountered in the other eight drill holes. Significant silver was not encountered in the nine drill holes." End of quote.

 

Table 3 Copper intervals, thicknesses, February-March 2013, Marietta District, Mineral County, Nevada

M2 Drill Hole

Interval >0.20% Cu

Thickness

Grade

Interval >0.05% Cu

Thickness

Grade

Grade x

from

to

from

to

total

total

%

from

to

from

to

total

total

%

thickness

feet

feet

metres

metres

feet

metres

Cu

feet

feet

metres

metres

feet

metres

Cu

Cu

M2-001

125.0

165.0

38.1

50.3

40.0

12.2

0.20

75.0

210.0

22.9

64.0

135.0

41.1

0.13

5.3

M2-001

280.0

320.0

85.3

97.5

40.0

12.2

0.20

280.0

385.0

85.3

117.3

105.0

32.0

0.11

3.5

M2-002

135.0

190.0

41.1

57.9

55.0

16.8

0.06

1.0

M2-004

20.0

50.0

6.1

15.2

30.0

9.1

1.13

-

60.0

-

18.3

60.0

18.3

0.60

11.0

M2-005

50.0

70.0

15.2

21.3

20.0

6.1

0.06

0.4

M2-005

140.0

170.0

42.7

51.8

30.0

9.1

0.84

115.0

170.0

35.1

51.8

55.0

16.8

0.50

8.4

M2-006

50.0

60.0

15.2

18.3

10.0

3.0

0.25

30.0

70.0

9.1

21.3

40.0

12.2

0.14

1.7

M2-006

190.0

200.0

57.9

61.0

10.0

3.0

0.23

190.0

200.0

57.9

61.0

10.0

3.0

0.23

0.7

M2-007

60.0

105.0

18.3

32.0

45.0

13.7

0.09

1.2

M2-008

95.0

105.0

29.0

32.0

10.0

3.0

0.50

95.0

105.0

29.0

32.0

10.0

3.0

0.50

1.5

M2-008

50.0

65.0

15.2

19.8

15.0

4.6

0.12

0.5

M2-008

130.0

140.0

39.6

42.7

10.0

3.0

0.10

0.3

M2-008

175.0

185.0

53.3

56.4

10.0

3.0

0.08

0.2

M2-009

150.0

160.0

45.7

48.8

10.0

3.0

0.09

0.3

 

The drill hole samples were taken at 5 ft. (1.524m) intervals and analysed by Florin Analytical Services, Reno, Nevada.

 

Emmett O'Connell, Executive Chairman, commented: "We are pleased with the results of our initial drilling programme on the M2-Smith prospect and look forward to further exploration and development work on the Company's extensive mineral lease holdings."

 

Competent Person Statement

 

Information in this release that relates to exploration results is based on information compiled by Donald G. Strachan, Consulting Geologist QP CPG. Mr. Strachan is a certified professional geologist under the American Institute of Professional Geologists, a fellow of the Geologic Association of Canada and is a Competent Person as defined in the JORC Code for Reporting of Exploration Results. Mr. Strachan consents to the inclusion in the release of the matters based on his information in the form and context in which it appears.

 

Editor's Note - JORC (Joint Ore Reserves Committee) is the mineral exploration industry standard for the public reporting of orebody reserves adopted by the Company.

 

 

Enquiries:

 

Great Western Mining Corporation Plc

Emmett O'Connell, Chairman

Melvyn Quiller, Chief Executive

 

+353 87 798 8839

+44 (0) 771 289 9588

 

 

melvyn.quiller@gmail.com

Shore Capital (Nomad & UK Broker)

Bidhi Bhoma / Toby Gibbs (Corporate Finance)

Jerry Keen (Corporate Broking)

 

+44 (0) 20 7408 4090

 

bidhi.bhoma@shorecap.co.uk

jerry.keen@shorecap.co.uk

Davy (ESM Adviser & Irish Broker)

John Frain (Corporate Finance)

Roland French (Corporate Finance)

 

+353 1 614 8761

 

john.frain@davy.ie

roland.french@davy.ie

Cubitt Consulting (Financial PR)

Gareth David

Cebuan Bliss

 

 

+44 (0) 20 7367 5100

 

gareth.david@cubitt.com

Gordon MRM (Irish PR)

Brendan McGrath

 

+353 1 665 0453

+353 87 937 0266

 

brendan@gordonmrm.ie

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUGURPAUPWGAB
Date   Source Headline
14th Jul 20202:30 pmRNSResult of AGM
9th Jul 20207:00 amRNSOlympic Gold Project Update
19th Jun 20206:15 pmRNSNotice of AGM
12th Jun 20207:00 amRNSHolding(s) in Company
3rd Jun 20204:00 pmRNSDirector/PDMR Shareholding
3rd Jun 20204:00 pmRNSDirector/PDMR Shareholding
3rd Jun 20204:00 pmRNSTotal Voting Rights
3rd Jun 20208:00 amRNSEuronext Growth Dublin Notice
27th May 202010:00 amRNSPlacing of New Ordinary Shares
22nd May 20207:00 amRNSNew Mineral Venture in Nevada
14th May 202011:00 amRNSDirector/PDMR Shareholding
13th May 202012:00 pmRNSHolding(s) in Company
5th May 20207:00 amRNSDirector/PDMR Shareholding
23rd Apr 202012:30 pmRNSGrant of Share Options and COVID-19 Update
16th Apr 20207:00 amRNSPermit Approval and Operational Update
8th Apr 20207:00 amRNSFinal Results
12th Mar 20208:00 amRNSEuronext Growth Dublin Notice
9th Mar 20207:00 amRNSInvestor Presentation
20th Feb 20207:00 amRNSPlacing of New Ordinary Shares
20th Feb 20207:00 amRNSPlacing of New Ordinary Shares
5th Feb 20208:00 amRNSEuronext Growth Dublin Notice
29th Jan 20201:38 pmRNSIssue of Shares
13th Jan 20202:12 pmRNSHolding(s) in Company
10th Jan 20207:00 amRNSRH Group Sampling Results
7th Jan 20204:13 pmRNSHolding(s) in Company
7th Jan 20203:59 pmRNSHolding(s) in Company
6th Jan 20207:00 amRNSMineral Jackpot Sampling Results
13th Dec 20194:28 pmRNSDirector/PDMR Shareholding
12th Dec 20193:05 pmRNSHolding(s) in Company
9th Dec 20197:00 amRNSOperational Update
6th Dec 20194:51 pmRNSTotal Voting Rights
4th Dec 20195:11 pmRNSHolding(s) in Company
28th Nov 20192:19 pmRNSHolding(s) in Company
22nd Nov 201911:19 amRNSHolding(s) in Company
19th Nov 20197:00 amRNSEuronext Growth Dublin Notice
13th Nov 20192:34 pmRNSPlacing, Board Changes and Strategy Update
12th Nov 20193:32 pmRNSHolding(s) in Company
8th Oct 20194:48 pmRNSHolding(s) in Company
8th Oct 201912:16 pmRNSHolding(s) in Company
1st Oct 20192:28 pmRNSHolding(s) in Company
30th Sep 20192:21 pmRNSHolding(s) in Company
30th Sep 20197:00 amRNSHalf-year Report
5th Aug 201912:18 pmRNSM2 Permitting Update
2nd Aug 201911:45 amRNSEM Group Update
1st Aug 20193:25 pmRNSHolding(s) in Company
26th Jul 20197:00 amRNSEM Group Update
26th Jun 20194:41 pmRNSSecond Price Monitoring Extn
26th Jun 20194:35 pmRNSPrice Monitoring Extension
26th Jun 20199:54 amRNSOperational Update
17th Jun 20197:00 amRNSHolding(s) in Company

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.