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

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3.65    0.00 (0.00%)
Bid:
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Spread: 0.50 (14.706%)
Market Cap: £15.81m
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"M1" Drill programme

3 Nov 2016 07:00

RNS Number : 1953O
Great Western Mining Corp. plc
03 November 2016
 

 

Great Western Mining Corporation PLC

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

 

 "M1" Drill programme

 

Great Western Mining (AIM: GWMO & ESM) is pleased to announce that it is has agreed a joint Phase 1 drilling programme over its M1 gold and silver prospect in Mineral County, Nevada with local partner Crown Point Gold & Silver Mining LLC ("Crown Point").

 

The programme will concentrate on an area identified as a drilling target zone by GWM's recent soil sampling as reported to shareholders in the M1 update. The target zone falls within the 34 Great Western Mining claims that form part of the Huntoon Mine Area Cooperation Agreement signed with Crown Point earlier this year and is North East of Crown Point's claim area.

 

The programme will consist of three core boreholes to test the depth of the anomalous gold mineralisation identified at M1. Operations personnel are currently on site preparing access roads and drill pads. Drilling is scheduled to commence week beginning 14 November.

 

Chief Executive, David Fraser commented: "This is the first tangible benefit derived from the Huntoon Mine Area Cooperation Agreement. In cooperation with Crown Point the Company has designed a drill programme to follow up on the very encouraging 2015 and 2016 soil sampling exercise. Shareholders will be kept advised of progress when appropriate"

 

ENQUIRIES:

 

Great Western Mining Corporation Plc

David Fraser, Chief Executive

 

+44 207 933 8795 (via Walbrook)

Davy (Nomad, ESM Adviser & Joint Broker)

John Frain

Roland French

+353 1 679 6363 

john.frain@davy.ie

roland.french@davy.ie

 

 

Beaufort Securities Ltd (Joint Broker)

Jon Belliss

Elliot Hance

 

 

+44 207 382 8300

Walbrook PR (UK PR and IR)

Paul Cornelius

Nick Rome

+44 207 933 8795

 greatwesternmining@walbrookpr.com

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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