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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
13th Apr 20183:42 pmRNSHolding(s) in Company
10th Apr 20189:46 amRNSPublication of Annual Report and Notice of AGM
9th Apr 20188:52 amRNSAppointment of Joint Broker
6th Apr 201812:51 pmRNSFinal Results
6th Mar 20187:00 amRNSOperational Update
2nd Mar 201812:32 pmRNSStatement re Broker
19th Feb 201810:55 amRNSHolding(s) in Company
16th Feb 20185:43 pmRNSUpdate on M2 Technical Scoping Study
18th Jan 201811:01 amRNSOperational Update
12th Dec 20173:44 pmRNSHolding(s) in Company
6th Dec 201712:03 pmRNSHolding(s) in Company
30th Nov 201711:12 amRNSInvestor Presentation and Podcast
23rd Nov 20173:38 pmRNSHolding(s) in Company
23rd Nov 20177:00 amRNSM1 Update
8th Nov 20177:00 amRNSInvestor presentation
1st Nov 201710:26 amRNSHolding(s) in Company
20th Oct 20175:43 pmRNSHolding(s) in Company
11th Oct 20175:32 pmRNSHolding(s) in Company
10th Oct 20177:00 amRNSM2 Technical Scoping Survey
29th Sep 20177:00 amRNSHalf-year Report
14th Sep 20177:00 amRNSOperational Update
13th Jul 201711:38 amRNSIssue of Share Options
6th Jul 20177:00 amRNSEnterprise Securities Market Notice
4th Jul 20177:00 amRNSM1 Update
30th Jun 20177:00 amRNSEnterprise Securities Market Notice
29th Jun 20177:00 amRNSEnterprise Securities Market Notice
23rd Jun 20177:00 amRNSExercise of Warrants
22nd Jun 20177:00 amRNSPlacing to Raise gross proceeds of £1,500,000
21st Jun 20177:00 amRNSEnterprise Securities Market Notice
16th Jun 20177:00 amRNSPlacing to Raise gross proceeds of £1,150,000
13th Jun 20175:03 pmRNSExercise of Warrants
12th Jun 20177:00 amRNSSignificant M2 JORC Resource Upgrade
18th May 20171:05 pmRNSResult of AGM
7th Apr 20177:00 amRNS2016 Annual Report & Notice of AGM
6th Apr 20177:00 amRNSFinal Results
22nd Feb 20175:16 pmRNSM2 JORC Resource Upgrade
2nd Feb 20174:35 pmRNSPrice Monitoring Extension
26th Jan 20172:29 pmRNSIssue of Share Options
3rd Nov 20167:00 amRNS"M1" Drill programme
17th Oct 20169:15 amRNSM1 Update
17th Oct 20167:00 amRNSPlacing to Raise gross proceeds of £500,000
28th Sep 20167:00 amRNSHalf-year Report
16th Aug 20167:00 amRNSEnterprise Securities Market Notice
11th Aug 20162:38 pmRNSShare Subdivision
10th Aug 20162:07 pmRNSChange of Registered Office
9th Aug 20169:44 amRNSHuntoon Mine Area Cooperation Agreement
19th May 201610:52 amRNSResult of AGM
25th Apr 201610:51 amRNSAnnual Report 2015
20th Apr 20167:00 amRNSFinal Results
18th Jan 20167:00 amRNSAppointment of Auditor

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