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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
9th Jul 20207:00 amRNSOlympic Gold Project Update
19th Jun 20206:15 pmRNSNotice of AGM
12th Jun 20207:00 amRNSHolding(s) in Company
3rd Jun 20204:00 pmRNSDirector/PDMR Shareholding
3rd Jun 20204:00 pmRNSDirector/PDMR Shareholding
3rd Jun 20204:00 pmRNSTotal Voting Rights
3rd Jun 20208:00 amRNSEuronext Growth Dublin Notice
27th May 202010:00 amRNSPlacing of New Ordinary Shares
22nd May 20207:00 amRNSNew Mineral Venture in Nevada
14th May 202011:00 amRNSDirector/PDMR Shareholding
13th May 202012:00 pmRNSHolding(s) in Company
5th May 20207:00 amRNSDirector/PDMR Shareholding
23rd Apr 202012:30 pmRNSGrant of Share Options and COVID-19 Update
16th Apr 20207:00 amRNSPermit Approval and Operational Update
8th Apr 20207:00 amRNSFinal Results
12th Mar 20208:00 amRNSEuronext Growth Dublin Notice
9th Mar 20207:00 amRNSInvestor Presentation
20th Feb 20207:00 amRNSPlacing of New Ordinary Shares
20th Feb 20207:00 amRNSPlacing of New Ordinary Shares
5th Feb 20208:00 amRNSEuronext Growth Dublin Notice
29th Jan 20201:38 pmRNSIssue of Shares
13th Jan 20202:12 pmRNSHolding(s) in Company
10th Jan 20207:00 amRNSRH Group Sampling Results
7th Jan 20204:13 pmRNSHolding(s) in Company
7th Jan 20203:59 pmRNSHolding(s) in Company
6th Jan 20207:00 amRNSMineral Jackpot Sampling Results
13th Dec 20194:28 pmRNSDirector/PDMR Shareholding
12th Dec 20193:05 pmRNSHolding(s) in Company
9th Dec 20197:00 amRNSOperational Update
6th Dec 20194:51 pmRNSTotal Voting Rights
4th Dec 20195:11 pmRNSHolding(s) in Company
28th Nov 20192:19 pmRNSHolding(s) in Company
22nd Nov 201911:19 amRNSHolding(s) in Company
19th Nov 20197:00 amRNSEuronext Growth Dublin Notice
13th Nov 20192:34 pmRNSPlacing, Board Changes and Strategy Update
12th Nov 20193:32 pmRNSHolding(s) in Company
8th Oct 20194:48 pmRNSHolding(s) in Company
8th Oct 201912:16 pmRNSHolding(s) in Company
1st Oct 20192:28 pmRNSHolding(s) in Company
30th Sep 20192:21 pmRNSHolding(s) in Company
30th Sep 20197:00 amRNSHalf-year Report
5th Aug 201912:18 pmRNSM2 Permitting Update
2nd Aug 201911:45 amRNSEM Group Update
1st Aug 20193:25 pmRNSHolding(s) in Company
26th Jul 20197:00 amRNSEM Group Update
26th Jun 20194:41 pmRNSSecond Price Monitoring Extn
26th Jun 20194:35 pmRNSPrice Monitoring Extension
26th Jun 20199:54 amRNSOperational Update
17th Jun 20197:00 amRNSHolding(s) in Company
13th Jun 201911:19 amRNSPermitting Update

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