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
3.75    0.15 (4.17%)
Bid:
3.60
Ask:
3.90
Spread: 0.30 (8.333%)
Market Cap: £16.24m
GWMO Live PriceLast checked at - London Stock Exchange

Intraday Great Western Mining Corporation PLC Share Chart

Operational Update

9 Dec 2019 07:00

RNS Number : 0666W
Great Western Mining Corp. plc
09 December 2019
 

GREAT WESTERN MINING CORPORATION PLC

("Great Western" or the "Company")

 

OPERATIONAL UPDATE

 

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) is pleased to report that it has now completed soil sampling over selected gold and silver prospects at its properties in Mineral County, Nevada.

On 13 November the Company announced that it had raised new equity, primarily to pursue a three-phase programme to evaluate the gold and silver potential on selected parts of its acreage in Mineral County, Nevada. The first phase was to gather soil samples for laboratory analysis and this has now been completed by a three-man team despatched from the UK and Ireland, working against the clock just before the snow fall season. The samples have been delivered for analysis to a laboratory in Sparks, Nevada, results of which should be available around the year end. 

 

The samples were taken over two areas:

 

·; the Mineral Jackpot ('MJ') property comprising three historic mine workings - the Mineral Jackpot, Silver Moon and Silver Bell mines which were added to the Company's licence portfolio in early 2019.

·; the Rock House ('RH') property, which shares geological features with the nearby Candelaria District where 38.5 million tonnes have been produced since 1980, grading 61 grams per tonne of silver from an open-pit, heap-leaching operation, as well as high grade ore from narrow veins produced in the late 19th. and early 20th. centuries via underground mining.

 

The objective of the soil sampling campaign is to identify mineralisation trends under thin soil cover.

 

·; At MJ an area of 1.3km2 was divided into a soil grid of 251 samples, targeting prospective locations which may be host to further gold and silver-bearing vein structures. The sample grid at MJ has been designed to target vein systems which are known to be present in the area, being the first stage in trying to establish connectivity between the three old mine workings which make up the MJ group.

·; At RH the soil grid is made up of 210 sample locations over an area of 2km2, spaced at 100 m² intervals to maximise coverage, targeting prospective lithologies that may be host to epithermal precious metal mineralisation.

 

The Company also announces that it has retained a business development consultant to assist with new ventures and possible partnerships for development of the Company's large mineral portfolio in Nevada.

 

Chairman Brian Hall commented: Following the Company's share placing last month we have made strenuous efforts to complete the soil sampling exercise before the onset of winter in the Nevada mountains and I am pleased to be able to report that the full programme has been successfully accomplished, maintaining our schedule. We will report on the results when available.

 

Qualified Person

Information in this announcement has been reviewed by William Cooper, who is the Chief Geologist and Exploration Manager of Great Western Mining. He holds a MSc in Mining Geology from the Camborne School of Mines. He is a Member of the Australian Institute of Geoscientists (MAIG) and a Fellow of the Geological Society of London (FGS), and is a Qualified Person as defined in the Note for Mining and Oil & Gas Companies which form part of the AIM Rules for Companies. Mr Cooper consents to the inclusion of the information in the form and context in which they appear.

For further information:

 

Great Western Mining Corporation plc

 

Brian Hall, Chairman

+44 207 933 8795 (via Walbrook PR)

Max Williams, Finance Director

+44 207 933 8795 (via Walbrook PR)

 

 

Davy (NOMAD, Euronext Growth Adviser & Joint Broker)

John Frain

 

+353 1 679 6363

 

 

Novum Securities (Joint Broker)

Jon Belliss

 

+44 207 399 9400

 

 

ETX Capital (Joint Broker)

Philip Adler

 

+44 207 392 1494

 

 

Walbrook PR (PR advisers)

Nick Rome/Nicholas Johnson

 

+44 207 933 8783

 

 

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.
 
END
 
 
UPDEAFAKEFNNFFF
Date   Source Headline
9th Jun 202612:24 pmRNSHolding(s) in Company
9th Jun 202612:18 pmRNSHolding(s) in Company
8th Jun 20267:00 amRNSAdmission to Trading on OTCQB in the United States
3rd Jun 202610:30 amRNSHolding(s) in Company
2nd Jun 20267:00 amRNSChange of Nominated Adviser
1st Jun 20267:00 amRNSTungsten Exploration Update
29th May 20267:05 amRNSNotice of AGM
29th May 20267:00 amRNSFinal Results for the Year Ended 31 December 2025
28th May 20267:00 amRNSOption Agreement over Eastside-Tango Project
26th May 202610:00 amRNSExercise of Warrants and Issue of Equity
11th May 202611:30 amRNSExercise of Warrants & Issue of Equity
7th May 20267:00 amRNSMetallurgical Test Work Underway: Tungsten Project
27th Apr 20261:30 pmRNSHolding(s) in Company
27th Apr 20261:30 pmRNSHolding(s) in Company
20th Apr 20269:30 amRNSExercise of Warrants and Issue of Equity
17th Apr 202612:00 pmRNSGrant of Share Options
16th Apr 20267:00 amRNSDrilling Contractor Secured for Tungsten Project
13th Apr 20267:00 amRNSOTCID Application Submitted
18th Mar 20267:00 amRNSExtension of Tungsten Project Area
13th Mar 202611:35 amRNSGrant of Share Options
13th Mar 202611:35 amRNSGrant of Share Options
3rd Mar 20265:06 pmRNSHolding(s) in Company
2nd Mar 20265:30 pmRNSHolding(s) in Company
2nd Mar 20263:51 pmRNSTotal Voting Rights
2nd Mar 20267:00 amRNSTungsten Exploration Plan & Investor Presentation
24th Feb 20267:01 amRNSHolding(s) in Company
24th Feb 20267:00 amRNSHolding(s) in Company
18th Feb 202612:03 pmRNSTotal Voting Rights
18th Feb 202612:00 pmRNSHolding(s) in Company
18th Feb 202612:00 pmRNSHolding(s) in Company
30th Jan 20267:00 amRNS£3.25m Placing to Accelerate Exploration Portfolio
29th Jan 20267:00 amRNSTungsten Mineralisation Confirmed at Defender
28th Jan 20267:00 amRNSIP Survey & RC Drilling Results at Rhyolite Dome
22nd Jan 20267:00 amRNSAu-Ag-Cu Mineralisation Confirmed at West Huntoon
12th Jan 20267:00 amRNSAppointment of Chief Executive Officer
5th Jan 20267:00 amRNSTungsten Exploration Update
18th Nov 20257:00 amRNSQ4 Exploration Programme Overview
3rd Nov 202512:10 pmRNSTotal Voting Rights
27th Oct 20257:00 amRNSHuntoon Copper Project Update
21st Oct 20257:00 amRNSDrilling Update
17th Oct 20252:15 pmRNSEXERCISE OF WARRANTS AND ISSUE OF EQUITY
6th Oct 20257:00 amRNSDrilling Underway at West Huntoon
29th Sep 20257:00 amRNSExploration Update
25th Sep 20257:00 amRNSHalf-year Report
16th Sep 20257:00 amRNS-RNew Corporate Presentation
15th Sep 20259:20 amRNSHolding(s) in Company
3rd Sep 20251:45 pmRNSHolding(s) in Company
1st Sep 202511:52 amRNSHolding(s) in Company
1st Sep 20257:00 amRNSExploration Update
29th Aug 202510:10 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.