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Pin to quick picksGreat Western Regulatory News (GWMO)

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Operational Update

24 Apr 2018 09:21

RNS Number : 9067L
Great Western Mining Corp. plc
24 April 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 programme has been proceeding well despite some technical and operational difficulties which has resulted in a slight delay in the completion of the eighth hole of the programme M2-040. These issues have now been resolved and the hole is expected to be completed by the end of the week. Assay samples from the earlier holes are currently being processed by Bureau Veritas in Reno, with the Company expecting to start receiving results around the end of next week.

 

The GWM field team has been able to bring forward the scheduled start of the permitted three-hole M2 Sharktooth Zone diamond core drill programme and drilling on the first borehole M2-041 commenced 17 April. The programme plans for these holes to reach depths of between 775 and 900 metres. As of 22 April, M2-041 had reached a depth of 122 metres.

 

Great Western Mining also announces that final approval has now been received from the United States Forestry Service ("USFS") for the re-commencement of M4 (Target 4) drilling. The M4 diamond core drill rig, crew and support equipment are now all on site and drilling is expected to commence later this week.

 

Upon completion of M2-040, GWM has agreed with joint venture partner Crown Point Gold & Silver LLC to move the Reverse Circulation drill rig, currently on the M2 infill programme, to M1. GWM plans to drill a bore hole on the south-east border of the property shared with Crown Point to test for further copper mineralisation, as announced in the M1 November 2017 update.

 

Chief Executive, David Fraser commented: "The 2018 drill programme is now starting to move through the gears as weather conditions in the Huntoon Valley improve. For the first time we will be drilling with three rigs simultaneously and we are relishing the task of accelerating operations. We expect to receive the first results from the M2 infill drill programme in the next couple of weeks and will update shareholders on these and future developments."

 

 

 

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

 

 

 

 

 

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

 

 

Novum Securities Limited (Joint Broker)

Jon Belliss

 

 

 

+353 1 679 6363

 

 

 

 

+44 207 399 9400

+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
 
 
UPDPGUUPCUPRURC
Date   Source Headline
26th Feb 201910:21 amRNSNew Website
25th Feb 201912:45 pmRNSNotification of Major Holdings
14th Feb 201910:41 amRNSM4 Permit Application Update
15th Jan 20197:00 amRNSInvestor Evening
17th Dec 20189:23 amRNSDirector/PDMR Shareholding
10th Dec 20183:11 pmRNSM4 Drill Results
14th Nov 20183:16 pmRNSOperational Update
6th Nov 20189:55 amRNSHolding(s) in Company
2nd Nov 201811:56 amRNSHolding(s) in Company
31st Oct 20184:41 pmRNSSecond Price Monitoring Extn
31st Oct 20184:35 pmRNSPrice Monitoring Extension
30th Oct 20184:12 pmRNSHolding(s) in Company
22nd Oct 20187:00 amRNSSenior Management Appointment
3rd Oct 20181:43 pmRNSIssue of Share Options
1st Oct 20181:29 pmRNSM2 Revised JORC Resource and Update
24th Sep 201811:34 amRNSPositive Drill Results at M1
21st Sep 20187:00 amRNSHalf-year Report
13th Sep 20182:00 pmRNSPrice Monitoring Extension
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8th Aug 201811:37 amRNSM2-Sharktooth Update
30th Jul 20187:00 amRNSEnterprise Securities Market Notice
27th Jul 201810:25 amRNSIncrease in Land Position
26th Jul 201811:03 amRNSHolding(s) in Company
25th Jul 20187:00 amRNSEnterprise Securities Market Notice
6th Jul 201810:24 amRNSExercise of Share Options
4th Jul 20182:33 pmRNSDirector/PDMR Shareholding
3rd Jul 20182:58 pmRNSHolding(s) in Company
3rd Jul 20189:05 amRNSSecond Price Monitoring Extn
3rd Jul 20189:00 amRNSPrice Monitoring Extension
3rd Jul 20187:00 amRNSOperational Update and Placing
29th Jun 201811:33 amRNSDirector/PDMR Shareholding
4th Jun 201812:03 pmRNSHolding(s) in Company
30th May 201810:50 amRNSBuyback and cancellation of Deferred Shares
24th May 20189:16 amRNSHolding(s) in Company
23rd May 201812:06 pmRNSM2 Update
17th May 201811:31 amRNSResult of AGM
24th Apr 20189:21 amRNSOperational Update
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

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