Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreat Western Regulatory News (GWMO)

Share Price Information for Great Western (GWMO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0395
Bid: 0.039
Ask: 0.04
Change: 0.00 (0.00%)
Spread: 0.001 (2.564%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.0395
GWMO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Operational Update

6 Mar 2018 07:00

RNS Number : 7626G
Great Western Mining Corp. plc
06 March 2018
 

Great Western Mining Corporation PLC

 

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

 

Operational Update

 

Great Western Mining (AIM: GWMO) provides the following update on operations in Mineral County, Nevada, USA.

 

The M2 infill drilling has been proceeding well despite significant sub-zero night time temperatures and recent snow storms; the fifth hole M2-037 is currently underway. The Company announces that approval has been received from the US Bureau of Land Management ("BLM") to increase the number of holes which GWM can drill under the current M2 drill permit. As a result, Great Western Mining has decided to drill three holes in addition to the five previously announced. Subject to weather conditions, the revised drill programme should be completed towards the end March, with assay results due about end April.

 

Great Western Mining also announces that agreement has been reached with the US Forestry Service ("USFS") for the re-commencement of M4 (Target 4) drilling in early April.

 

The M2 Sharktooth zone drill pads and access roads are now complete. However, pumping sufficient quantities of water to support diamond core drilling has proved challenging in the extreme sub-zero temperatures that prevail at this elevation. A snow storm during the last week has made the main Sharktooth access road icy and dangerous. Accordingly, Great Western Mining has decided to await the better weather forecast from the beginning of next month before continuing with Sharktooth preparation work and drilling.

 

Chief Executive, David Fraser commented: "We were very pleased to receive approval from the BLM to drill these extra holes on M2, which the Company views as an important first step to improve the 2014 JORC* Inferred Resource to Measured & Indicated. We are reaping the benefits of our good working relationship with the USFS in enabling us a re-start drilling date at M4, despite difficult ground conditions. The Great Western Mining field team and contractors have worked very hard to deliver the 2018 drill programme and we look forward to delivering a full suite of results to shareholders during the second quarter. As always, we will update shareholders promptly if there are any significant developments."

 

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

 

* JORC stands for Australasian Joint Ore Reserves Committee (JORC), which is sponsored by the Australian mining industry and its professional organisations. The Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code) is widely accepted around the world as the definitive standard for the reporting of a company's resources and reserves.

 

ENQUIRIES:

 

Great Western Mining Corporation Plc

David Fraser, Chief Executive

 

+44 207 933 8795 (via Walbrook)

+44 207 933 8795 (via Walbrook)

Davy (Nomad, ESM Adviser & Broker)

John Frain

 

+353 1 679 6363

 

+353 1 679 6363

 

Walbrook PR (UK PR and IR)

Paul Cornelius

Nick Rome

+44 207 933 8795

greatwesternmining@walbrookpr.com

+44 207 933 8795

greatwesternmining@walbrookpr.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
UPDUGUBWWUPRGBA
Date   Source Headline
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
3rd Nov 202012:29 pmRNSHolding(s) in Company
28th Oct 20204:34 pmRNSExercise of Warrants and Issue of Equity
27th Oct 20208:47 amRNSExercise of Warrants and Issue of Equity
20th Oct 202011:05 amRNSSecond Price Monitoring Extn
20th Oct 202011:00 amRNSPrice Monitoring Extension
20th Oct 20207:00 amRNSOperations Update
15th Oct 20207:00 amRNSOperations Update
8th Oct 20204:00 pmRNSExercise of Warrants and Issue of Equity
7th Oct 20204:41 pmRNSSecond Price Monitoring Extn
7th Oct 20204:36 pmRNSPrice Monitoring Extension
2nd Oct 20202:30 pmRNSExercise of Warrants and Issue of Equity
29th Sep 20204:35 pmRNSPrice Monitoring Extension
29th Sep 202011:00 amRNSPrice Monitoring Extension
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
15th Sep 20204:41 pmRNSSecond Price Monitoring Extn
15th Sep 20204:36 pmRNSPrice Monitoring Extension
14th Sep 20209:05 amRNSSecond Price Monitoring Extn
14th Sep 20209:00 amRNSPrice Monitoring Extension
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
11th Aug 20207:00 amRNSOperational Update
31st Jul 202011:00 amRNSTotal Voting Rights
30th Jul 20207:00 amRNSEuronext Growth Dublin Notice
28th Jul 20204:41 pmRNSSecond Price Monitoring Extn
28th Jul 20204:35 pmRNSPrice Monitoring Extension
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
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

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.