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: 0.0395
High: 0.0395
Low: 0.0395
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

RH Group Sampling Results

10 Jan 2020 07:00

RNS Number : 3637Z
Great Western Mining Corp. plc
10 January 2020
 

GREAT WESTERN MINING CORPORATION PLC

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

 

RH GROUP SOIL SAMPLING RESULTS

THREE PROSPECTIVE ZONES IDENTIFIED FOR PRECIOUS METALS

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) announces the results of its recently completed soil sampling survey at the Rock House ("RH" Group) area on its properties in Mineral County, Nevada. The Company is pleased to report that the soil survey has delivered compelling evidence for mineralisation in this previously unexplored and unmined area of Great Western's properties.

 

The survey has clearly identified three separate highly-prospective zones of mineralisation, which will be followed up as soon as possible with further exploration work. The three zones identified are designated:

 

·; Eastern Shear Zone

·; Southern Alteration Zone

·; Northern Slate Zone

 

Eastern Sheer Zone: Soil sampling has identified an area of approximately 35,000m2 enriched in gold (Au), Copper (Cu), Lead (Pb) and Antimony (Sb). The soil sampling has verified the positive results of rock sampling carried out during a field campaign earlier in 2019, best sample results of which were 0.24 g/t Au and 0.13% Cu. The Eastern Shear Zone is an intensely deformed zone of argillised and hematised limestone and siltstone which can be traced for 200 metres along strike. The Company will now apply to the US Federal Bureau of Land Management ('BLM') for a surface disturbance exemption permit to facilitate testing of the shear zone with shallow percussion drilling.

 

Northern Slate Zone: Analysis of soil samples taken within a defined area of 700,000m2 indicates areas of gold enrichment, together with the presence of Copper and Nickel. This slate zone is situated along the northern contact of the Golconda-Candelaria thrust fault, a regional controlling feature playing a prominent role in the nearby Candelaria Silver deposits which have been commercially mined on a large scale. With the soil samples now analysed, a further and closer-spaced soil programme focused on specific zones of the most interest will be carried out when ground conditions permit, after the winter break-up. Depending on the results this may be followed by a geophysical survey, targeting potential buried ore zones similar to those found in the Candelaria Silver district.

 

Southern Alteration Zone: Soil sampling in this area has revealed moderate Gold and Silver signatures, together with very strong Sb, As (Arsenic) and W (Tungsten) elements which are commonly associated with Gold and Silver deposits. The Southern Alteration Zone is clearly visible from satellite imagery, appearing as a bright white zone of intense alteration within a dark sedimentary package. Geological mapping has revealed strong phyllic and silica alteration signatures in the vicinity. The alteration zone is exposed at surface for more than 300m before becoming buried under more recent volcanic tuffs in the west and alluvium in the east. To date no surface rock sampling has been conducted in this alteration zone, which will form part of the next stage of exploration work. Provided that surface results meet expectations, a round of shallow drilling and/or trenching will then be carried out.

 

Chairman Brian Hall commented: "The results of this soil sampling exercise show the RH Group of claims to be an exciting target with high potential for precious metals and analogous to the nearby prolific Candelaria silver mines. Unlike the Mineral Jackpot area, in the Black Mountain Group to the west, for which soil sampling also produced positive results for precious metals, the RH group has never previously been mined and its potential was initially identified through very clear satellite imagery, now supported and verified by sampling on the ground. The terrain at the RH Group is easily accessible which will make further exploration work relatively straightforward to accomplish. Updated maps and sampling results will shortly be posted to our website and we will update shareholders on our progress in this exciting area." 

 

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 (via Walbrook PR)

Max Williams, Finance Director

+44 207 933 8780 (via Walbrook PR)

 

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)

Philip Adler

 

+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.
 
END
 
 
MSCBRGDBSUGDGGC
Date   Source Headline
16th Jul 20157:00 amRNSM2 Prospect Update
16th Jun 20154:49 pmRNSAnnual Report 2014
21st May 20152:00 pmRNSCompany Presentation
30th Apr 201511:01 amRNSResult of AGM
7th Apr 20157:00 amRNSNotice of AGM
31st Mar 20157:00 amRNSPreliminary Results
20th Mar 201511:35 amRNSAppointment of Joint Broker
18th Mar 201512:17 pmRNSM2 Update
5th Feb 201510:37 amRNSTarget 4 Permit Update
13th Nov 20147:00 amRNSInferred JORC Resource
3rd Nov 20142:15 pmRNSMaiden JORC Resource
27th Oct 20147:00 amRNSAppointment of Dr. Tom Molyneux
6th Oct 20147:00 amRNSEM Group Copper Prospect
24th Sep 20147:00 amRNSTUN Group Gold-Silver Prospect
19th Sep 201412:28 pmRNSDirector Dealing
18th Sep 20147:00 amRNSInterim Results
15th Sep 20147:00 amRNSCarlin-type Gold potential at JS Group
1st Sep 20147:00 amRNSTarget 4 Drilling Application Submitted
26th Aug 20147:00 amRNSDrilling Programme Completed
17th Jul 201410:54 amRNSResult of AGM
30th Jun 201410:30 amRNSAnnual Report 2013
24th Jun 20147:00 amRNSNotice of AGM
20th Jun 20147:00 amRNSResults for the year ended 31 Dec 2013
9th Jun 20147:00 amRNSM2 Drilling Programme. Interim Report
14th Apr 20147:00 amRNSSite Report
17th Mar 20147:00 amRNSDrilling Commenced
7th Mar 20141:30 pmRNSNon-Executive Director steps down
6th Mar 20147:00 amRNSDrilling Permit Approved
13th Feb 20147:00 amRNSProgress Report
28th Jan 20147:00 amRNSEnterprise Securities Market Notice
22nd Jan 20147:00 amRNSFurther Successful £1.5m Fundraising
14th Jan 20147:00 amRNSEnterprise Securities Market Notice
9th Jan 20147:00 amRNSSuccessful £800,000 Placing Completed
7th Jan 20147:00 amRNSJORC Resource Strategy
27th Nov 201311:29 amRNSEGM Statement
14th Nov 201310:43 amRNSAppointment of Joint Broker
28th Oct 20134:00 pmRNSNotice of EGM
8th Oct 201312:45 pmRNSInvestor Presentation
30th Sep 20137:00 amRNSInterim Results
20th Sep 201311:45 amRNSAppointment of Nominated Adviser
18th Sep 201311:05 amRNSResult of AGM
3rd Jul 20137:00 amRNSAppointment of Chief Executive
28th Jun 20137:00 amRNSFinal Results
10th May 20137:00 amRNSExploration Update
29th Apr 201312:05 pmRNSResignation of Non-Executive Director
25th Mar 201310:59 amRNSExploration Update
30th Jan 20137:00 amRNSDrilling Permit Received
19th Nov 20127:00 amRNSEnterprise Securities Market Notice
14th Nov 20128:19 amRNSPlacing
27th Sep 20127:00 amRNSHalf Yearly Report

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.