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
4.00    -0.10 (-2.44%)
Bid:
3.80
Ask:
4.20
Spread: 0.40 (10.526%)
Market Cap: £17.33m
GWMO Live PriceLast checked at - London Stock Exchange

Intraday Great Western Mining Corporation PLC Share Chart

Operational Update

11 Aug 2020 07:00

RNS Number : 6887V
Great Western Mining Corp. plc
11 August 2020
 

GREAT WESTERN MINING CORPORATION PLC

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

 

OPERATIONAL UPDATE

SAMPLE GOLD PRODUCED AND TRENCHING IN PROGRESS AT RH GROUP

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) is pleased to announce sample production of gold from the Rock House Group ('RH Group') where trenching is currently in progress.

 

In early 2019 Great Western's geologists identified possible mineralisation at the RH Group through a study of satellite imagery and ground-based geological mapping. The RH Group is within the area of Great Western's existing claims in Mineral County, Nevada and has never previously been mined.

 

In late 2019, an independent analysis of soil samples from RH Group indicated the presence of both gold and silver. The results were announced via an RNS dated 10 January 2020.

 

During the current trenching programme at RH, which is expected to complete this week, a GWM geologist collected a small surface float sample located in the vicinity of one of the trenches, weighing only 550 grams, and it was taken back to a laboratory for analysis. This rock was crushed and processed through a small gravity circuit, resulting in the production of two small 'buttons' of high-purity gold.

 

The amount of gold produced is not material as it was taken from a very small sample. However, it is the first pure gold ever produced by Great Western and as such represents a significant milestone for the Company. During the trenching exercise, in preparation for drilling, further rocks will be collected and tested, although at this stage there is no certainty that further high grade material will be discovered.

 

Great Western Executive Chairman Brian Hall commented: "We are very pleased to have been able to produce these small gold 'buttons', which symbolise our re-focus on precious metals over the past year. On two of our other claim groups, the Black Mountain Group (which includes the Mineral Jackpot group of mines) and the Olympic Gold Project, we already have proof of the presence of gold as they have been mined in the past. However, the RH Group has never previously been explored or exploited, so producing gold from a random surface sample is a very exciting result for the company and a tribute to the painstaking work of our geologists in identifying this completely new prospect. Photographs of the rock and the gold buttons will be published on our website and in addition we will shortly be posting an updated Company presentation and 2020 work programme."

 

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 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 8780

Max Williams, Finance Director

+44 207 933 8780

 

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)

Thomas Smith

 

+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
 
 
UPDGPUPCRUPUGWU
Date   Source Headline
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
9th Nov 20227:00 amRNSMineral Resource Estimate
31st Oct 202211:06 amRNSSecond Price Monitoring Extn
31st Oct 202211:00 amRNSPrice Monitoring Extension
25th Oct 20224:42 pmRNSSecond Price Monitoring Extn
25th Oct 20224:36 pmRNSPrice Monitoring Extension
19th Oct 20221:56 pmEQSGreat Western Mining on the potential at new production facility in Nevada
6th Oct 20227:00 amRNSDirector/PDMR Shareholding
30th Sep 20227:01 amRNSHalf-year Report
30th Sep 20227:00 amRNSPrecious Metals Production Project
22nd Sep 20227:00 amRNSOMCO Drilling Results
9th Sep 20227:00 amRNSDrilling Results
25th Aug 20227:00 amRNSOperations Update
11th Aug 20227:00 amRNSDrilling Completed at Mineral Jackpot
18th Jul 20227:00 amRNSOlympic Gold Drilling Update
14th Jul 202212:00 pmRNSResult of AGM
12th Jul 20227:00 amRNSMOU for creation of JV to process gold and silver
21st Jun 20224:00 pmRNSNotice of AGM
13th Jun 20227:00 amRNSTrafalgar Hill Drilling Update
8th Jun 20227:00 amRNSDrilling Update
19th May 20224:40 pmRNSSecond Price Monitoring Extn
19th May 20224:35 pmRNSPrice Monitoring Extension
19th May 20227:00 amRNSStart of 2022 Drilling Campaign
28th Apr 20227:00 amRNSFinal Results
29th Mar 20227:00 amRNSMineral Jackpot Road Completion
24th Mar 20227:00 amRNSGeophysical Surveys Successfully Completed
3rd Mar 20222:05 pmRNSSecond Price Monitoring Extn
3rd Mar 20222:00 pmRNSPrice Monitoring Extension
23rd Feb 20224:57 pmRNSGrant of Options
23rd Feb 20227:00 amRNSMineral Jackpot Spoil Heaps Grab Sampling Results
8th Feb 20227:00 amRNSDrilling Programme 2022
17th Jan 20224:41 pmRNSSecond Price Monitoring Extn
17th Jan 20224:36 pmRNSPrice Monitoring Extension
12th Jan 20227:00 amRNSProject Updates & Current Year Plans
29th Dec 20214:41 pmRNSSecond Price Monitoring Extn
29th Dec 20214:36 pmRNSPrice Monitoring Extension

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.