9 Jun 2014 07:00

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Great Western Mining Corporation PLC
("Great Western Mining", "GWM" or the "Company")
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Interim Report- 2014 M2 Drilling Programme
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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 provide the following progress report on its drilling programme aiming to establish a JORC Resource at the Company's M2-Smith copper target.
Great Western's Phase 1 drilling programme in 2013 completed nine holes (M2-001 to 009) for a total of 2,580 feet, at an average depth per hole of 286.7 feet (87.4 metres). By 28th May 2014 the Phase 2 drilling programme had completed nine holes (M2-010 to 018) for a total of 6,245 feet, at an average depth per hole of 694 feet (211 metres).
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The assay results received in 2014 for holes M2-010 to M2-018, have indicated a further five discovery grade and thickness intercepts, from a further five separate holes. When taken in conjunction with the three discovery grade intercepts from the 2013 Phase 1 drilling programme, M2 has now yielded eight discovery grade intercepts over a strike length of 2,600 feet, being more than double the strike length reported in 2013.
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At the end of 2013, twenty separate oxide copper intervals with cut off grades of 0.1% Cu (1,000 ppm Cu) had been drilled at M2. Seven of these calculated intervals had grade-thicknesses greater than 45,000 ppm Cu (Table 1). The three most outstanding 2013 intervals were from three separate holes:
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· M2-001 - 70 feet of 0.16% Cu (21.3 m of 1,640 ppm Cu) in diorite (Kd)
· M2-004 - 60 feet of 0.50% Cu (18.3 m of 5,038 ppm Cu) in diorite (Kd) and hornfels (Jd)
· M2-005 - 35 feet of 0.98% Cu (10.7 m of 9,793 ppm Cu) in diorite (Kd)
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By the end of May 2014, twenty more oxide copper intervals with cut off grades of 0.1% Cu (1,000 ppm Cu) had been drilled. Five of these calculated intervals, all from separate holes, had grade-thicknesses greater than 45,000 ppm Cu (Table 2):
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· M2-010 - 25 feet of 0.30% Cu (7.6 m of 2,959 ppm Cu) in diorite (Kd)
· M2-013 - 30 feet of 0.16% Cu (9.2 m of 1,606 ppm Cu) in diorite (Kd)
· M2-015 - 40 feet of 0.41% Cu (12.2 m of 4,127 ppm Cu) in diorite (Kd) & hornfels (Jd)
· M2-016 - 10 feet of 0.59% Cu (3.0 m of 5,945 ppm Cu) in diorite (Kd)
· M2-018 - 55 feet of 0.36% Cu (16.8m of 3,597 ppm Cu) in diorite (Kd)
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The Company believes that this represents significant progress towards achieving the stated objective of establishing a JORC compliant Inferred Resource over the strike length of M2.
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Great Western is now entering the most exciting stage of its Phase 2 drilling programme. The construction of a 5,000 feet access road from M2-018 to the top and centre of Bass Mountain is nearing completion. The Company plans to drill a number of deep holes through the well mineralised, planar caprock-diorite structure projecting south east towards the historic Smith copper mine, some 7,260 feet from M2-018. If successful the Company believes that this drilling programme has the potential for a much larger inference over a very large volume of mineralised diorite.
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GWM Chief Executive, David Fraser, commented:
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"We have now completed 6,245 feet out of a planned 14,000 feet Phase 2 drilling programme and the results to date from the M2 stage of our programme have been very encouraging. The next stage, to drill the centre and south-eastern portion of Bass Mountain will commence over the next few weeks and we keenly await the results of this drilling. We look forward to updating shareholders as work continues."
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ENQUIRIES:
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Great Western Mining Corporation Plc
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David Fraser, Chief Executive +44 207 933 8795
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Davy (Nomad, ESM Adviser & Joint Broker) +353 1 679 6363
John Frain john.frain@davy.ie
Roland French roland.french@davy.ie
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Hume Capital Securities plc (Joint Broker) +44 203 693 1470
Jon Belliss
Abigail Wayne
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Walbrook (UK PR and IR) +44 207 933 8795
Paul Cornelius
Guy McDougall greatwesternmining@walbrookpr.com
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