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Pin to quick picksGreat Western Regulatory News (GWMO)

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Operations Update

16 Apr 2021 07:00

RNS Number : 6562V
Great Western Mining Corp. plc
16 April 2021
 

GREAT WESTERN MINING CORPORATION PLC

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

 

OPERATIONS UPDATE

16 April 2021

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) is pleased to announce that drilling has now commenced at the Olympic Gold Project ("Olympic") in Mineral County Nevada.

 

All necessary permits have been received and a Reverse Circulation ("RC") rig has been mobilised to the Trafalgar Hill prospect which lies in the northwestern part of the Olympic claims. Ground has been broken on the first of six planned holes to be drilled at Trafalgar Hill, where prospects have been identified through geological mapping and two recently-conducted magnetometer surveys. Drilling is currently in progress.

 

Following the completion of the Trafalgar Hill programme, the rig will remain at Olympic but move to the West Ridge prospect and then to the East OMCO Fault prospect, to the southeast of the historic OMCO Mine. Three further holes are planned to test magnetic anomalies to the east of the current Olympic group of claims for which the company has staked 12 new claims and submitted application to the Bureau of Land Management. In total, 11 holes are planned at Olympic prior to the rig moving to drill at the Company's Rock House ("RH") Group of claims.

 

This is the first time that the Company has drilled at Olympic, over which it acquired a 4-year purchase option in 2020. A link to a map of the Olympic Gold Project can be found by clicking http://www.rns-pdf.londonstockexchange.com/rns/6562V_1-2021-4-15.pdf. The area marked with a dotted blue line on this map shows the new claims which have recently been added to the Olympic portfolio, pending final regulatory approval.

 

The Company will provide further updates when new information becomes available.

 

 

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

 

 

 

 

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UPDGZGMDNKLGMZM
Date   Source Headline
26th Feb 201910:21 amRNSNew Website
25th Feb 201912:45 pmRNSNotification of Major Holdings
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6th Jul 201810:24 amRNSExercise of Share Options
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10th Apr 20189:46 amRNSPublication of Annual Report and Notice of AGM
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6th Apr 201812:51 pmRNSFinal Results
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2nd Mar 201812:32 pmRNSStatement re Broker
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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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