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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.
 
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Date   Source Headline
4th Jan 20217:00 amRNSFirst Gold and Silver Poured
31st Dec 202010:02 amRNSHolding(s) in Company
29th Dec 20202:06 pmRNSSecond Price Monitoring Extn
29th Dec 20202:01 pmRNSPrice Monitoring Extension
29th Dec 202011:05 amRNSSecond Price Monitoring Extn
29th Dec 202011:00 amRNSPrice Monitoring Extension
18th Dec 20207:00 amRNSMineral Jackpot Operations Update
9th Dec 20207:00 amRNSHolding(s) in Company
18th Nov 202011:06 amRNSSecond Price Monitoring Extn
18th Nov 202011:00 amRNSPrice Monitoring Extension
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18th Nov 20209:00 amRNSPrice Monitoring Extension
18th Nov 20207:00 amRNSPlacing of New Shares & Drilling Plan Acceleration
6th Nov 20209:37 amRNSHolding(s) in Company
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29th Sep 20207:00 amRNSHalf-year Report
22nd Sep 20203:00 pmRNSExercise of Warrants and Issue of Equity
18th Sep 20201:00 pmRNSExercise of Warrants and Issue of Equity
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11th Sep 20202:05 pmRNSSecond Price Monitoring Extn
11th Sep 20202:00 pmRNSPrice Monitoring Extension
8th Sep 20207:00 amRNSOperational Update
27th Aug 20207:00 amRNSOlympic Gold Project Update
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31st Jul 202011:00 amRNSTotal Voting Rights
30th Jul 20207:00 amRNSEuronext Growth Dublin Notice
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28th Jul 20202:06 pmRNSSecond Price Monitoring Extn
28th Jul 20202:00 pmRNSPrice Monitoring Extension
22nd Jul 20207:00 amRNSOlympic Gold Project Further Update
20th Jul 20205:07 pmRNSDirector/PDMR Shareholding
16th Jul 20202:00 pmRNSPrice Monitoring Extension
16th Jul 20207:00 amRNSPlacing of New Ordinary Shares
14th Jul 20202:30 pmRNSResult of AGM

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