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Permitting Update

21 May 2019 12:10

RNS Number : 7230Z
Great Western Mining Corp. plc
21 May 2019
 

Great Western Mining Corporation PLC

 

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

 

 Permitting Update

Great Western Mining (AIM: GWMO; Euronext Growth: 8GW) is pleased to provide the following update on permitting progress for this year's planned drilling campaigns on the M2 and M4 Copper-Gold Projects.

M2: The Company has now submitted a revision notice for the existing permit to the United States Bureau of Land Management ("BLM") and is planning to drill a further two deep holes to target a deeply buried zone within the host diorite rock, down plunge from the current M2 oxide copper resource. Approval for the Company's application is expected to be received in four to six weeks, with first drilling in the summer of this year.

M4: The Company has now received a formal Project Initiation Letter from the United States Forest Service ("USFS") for its Plan of Operations in respect of the proposed 2019 drill programme. GWM is planning to drill a further six bore holes to follow up on the successful 2018 programme, where a large quartz-copper vein was intercepted. These six new holes will test the extent of the breccia veining and the potential buried sulphide ore body, projected below by a significant IP anomaly. The USFS has now completed the external stage of the permitting process and final approval is expected after its internal review procedure, with drilling to commence late this summer.

Chief Executive, David Fraser commented: "The Company is currently conducting an extensive sampling programme on a number of its target areas ahead of this year's drilling programme on M2 and M4. The proposed drilling involves a number of deep holes targeting the potential sources of the mineralisation encountered at and near surface of both projects. We look forward to reporting the results of the Spring sampling programme as the results become available over the course of the summer and will keep shareholders updated as drilling commences and progresses."

 

 

ENQUIRIES:

 

 

Great Western Mining Corporation PLC

David Fraser, Chief Executive

 

 

+44 207 933 8795 (via Walbrook)

Davy (Nomad, Euronext Growth Adviser & Joint Broker)

John Frain

 

 

+353 1 679 6363

 

Novum Securities Limited (Joint Broker)

Jon Belliss

 

 

 

+44 207 399 9400

Walbrook PR (UK PR and IR)

Paul Cornelius

Nick Rome

 

+44 207 933 8795

 greatwesternmining@walbrookpr.com

 

 

 

 

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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