The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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

Trading Statement

2 Apr 2012 07:00

RNS Number : 5454A
Great Western Mining Corp. plc
02 April 2012
 



 

Great Western Mining Corporation PLC

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

 

Operational Update

 

Significant Copper, Silver and Gold Potential in Nevada Claims

 

·; Trenching indicates significant copper, silver and gold mineralisation

·; Because of length of mineralised zone , 67 new claims staked

·; Full soil survey to begin by end-March

·; 15,000 metre drilling programme planned on completion of phase 2 of the exploration and development programme

 

(2nd April 2012, London and Dublin) Further to the announcement on 10th January 2012, Great Western Mining, the AIM and Dublin ESM listed mineral exploration company, is delighted to announce the results from the current phase of geological mapping and testing of target A4, otherwise known as the 'Double Prospect', near Marietta, Nevada.

 

Emmett O'Connell, Executive Chairman, Commented: "These results add further weight to earlier reports, including the June 2011 Competent Person's Report, of the possibility of bulk tonnages of copper and silver at moderate depths. We look forward to the next phase of the exploration programme and the subsequent drilling programme which is aimed at establishing a JORC compliant report for the Double Prospect"

 

The 10th January announcement referred to the planned commencement of a Reverse Circulation drilling campaign. However, the Board, after reviewing these results has determined that drilling should be deferred until the drill targets can be better defined by surface trenching.

 

During the latter part of January and into February, two lateral trenches with a combined length of 55 metres were excavated in two roadcuts. The lower roadcut (lower main trench) yielded 8 vertical channel samples from 1.4 to 1.8 metres long. The upper roadcut (upper main trench) yielded 8 horizontal channel samples and 1 grab sample. With the addition of 1 representative channel sample and 2 grab samples from shallow workings at the top of the Double Prospect ridge, a total of 20 samples were taken and analysed.

 

Geological Report and Summary of Sample Analysis

 

The Company has engaged an experienced consulting geologist, Donald G. Strachan, who has reported that all samples taken from the trenches, which extend over the entire length of the A4 zone, contained copper mineralisation with values up to 4.24%. Furthermore, every sample contained traces of gold and silver. A table containing sample results is set out below.

 

 

 

 

 

 

 

 

 

Summary of Sample Analysis

 

Method for copper: 4-Acid digestion, AA analysis for total copper. Acid soluble copper by specific technique.

Method for gold: Method: 1-AT fire assay with AAS finish for gold.

 

Element:

Total

Copper

Total

Copper

Acid Soluble

Copper

Acid Soluble Copper

Gold

Check

Gold

Silver

Check

Silver

Detection Limit:

2

2

1

1

0.0068

0.0068

0.2057

0.2.57

Units:

%

%

%

%

g/tonne

g/tonne

g/tonne

g/tonne

Sample Group 1

Sample 1

0.2820

0.2800

0.2176

0.2172

0.0617

0.0651

2.605

2.194

Sample 2

0.2300

0.1640

0.0308

3.599

Sample 3

0.5220

0.3980

0.0445

2.811

Sample 4

0.4020

0.3400

0.0479

2.811

Sample 5

0.1864

0.1356

0.0308

2.194

Sample 6

0.1084

0.0680

0.0239

3.394

Sample 7

0.4520

0.3292

0.0377

3.188

Sample 8

0.2520

0.1640

0.0342

2.399

Sample Group 2

Sample 1

0.0360

0.0140

0.0891

0.994

Sample 2

0.0974

0.0624

0.1234

2.811

Sample 3

0.0514

0.0253

0.0343

2.606

Sample 4

0.1170

0.1184

0.0580

0.0604

0.0411

0.0411

0.788

0.994

Sample 5

0.3660

0.2572

0.1200

2.194

Sample 6

0.0408

0.0147

0.6480

1.200

Sample 7

0.0812

0.0608

0.0617

2.194

Sample 8

0.2660

0.1924

0.0549

1.200

Sample 9

0.0568

0.0167

0.0411

1.200

Sample 10

4.2400

4.0200

0.1302

2.811

Sample 11

1.1240

0.9960

0.1302

3.805

Sample 12

0.4620

0.4020

3.2194

3.0788

2.880

 

 

Expansion of Claims

 

Following the closer definition of the surface mineralisation it has been decided to extend the area under claim by surveying and staking some 67 new claims, extending westwards along the flank of the existing claims on the Double Prospect. Geological mapping and soil sampling will commence immediately on Prospect M2, which lies to the north of A4, to determine whether the mineralisation extends into that area, before drilling commences.

 

The Next Phase

 

Detailed geological mapping and a full soil survey will be conducted on A4 and integrated with the earlier ground IP/magnetic geophysics together with reconnaissance mapping of M2 to determine the nature and extent of any copper mineralisation.

 

The M2 survey is expected to link it with A4 after which the Board will determine where to locate the roads and drill sites (Phase 2). Assuming the copper mineralisation is intersected at depth GWM will look to undertake a comprehensive drilling campaign (up to 15,000 metres), which with continued surface work may lead to the definition of an initial resource.

 

 

 

 

Availability of Map

 

A map of the Company's claims with the Double Prospect shown as ASTER 4 TARGET AREA will be uploaded to the website shortly.

 

Competent Person Statement

 

Information in this release that relates to exploration results is based on information compiled by Donald G. Strachan, Consulting Geologist QP CPG. Mr. Strachan is a certified professional geologist under the American Institute of Professional Geologists, a fellow of the Geologic Association of Canada and is a Competent Person as defined in the JORC Code for Reporting of Exploration Results. Mr. Strachan consents to the inclusion in the release of the matters based on his information in the form and context in which it appears.

 

The Joint Ore Reserves Committee (JORC) code is a code of practice which sets minimum standards for public reporting of exploration results, mineral resources and ore reserves as well as sampling protocols.

 

Enquiries:

 

Great Western Mining Corporation PLC

 

Emmett O'Connell, Chairman

Melvyn Quiller, Chief Executive

 

 

 

+353 51 565844

+44 771 289 9588

 

 

 

emmet@iol.ie

melvyn.quiller@gmail.com

Shore Capital (Nomad & UK Broker)

 

Bidhi Bhoma / Toby Gibbs (Corporate Finance)

Jerry Keen (Corporate Broking)

 

 

 

 

+44 20 7408 4090

 

 

 

 

bidhi.bhoma@shorecap.co.uk

jerry.keen@shorecap.co.uk

Bloxham (ESM Adviser & Irish Broker)

 

Peter O'Carroll

 

 

 

+353 1611 9263

 

 

 

ocarrollp@bloxham.ie

Cubitt Consulting (Financial PR)

 

Nicholas Nelson / Cebuan Bliss

 

 

+44 207 367 5150

 

 

nicholas.nelson@cubitt.com

Gordon MRM (Irish PR)

 

Brendan McGrath

 

+353 1 665 0453

+353 87 9370266

 

 

brendan@gordonmrm.ie

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTFMGGDMMRGZZM
Date   Source Headline
17th Jan 20239:05 amRNSSecond Price Monitoring Extn
17th Jan 20239:00 amRNSPrice Monitoring Extension
17th Jan 20237:00 amRNSPlacing and Appointment of Joint Broker
5th Jan 20237:00 amRNSOperations Update
13th Dec 20221:30 pmRNSDirector/PDMR Shareholding
8th Dec 20223:21 pmRNSDirector/PDMR Shareholding
9th Nov 20227:00 amRNSMineral Resource Estimate
31st Oct 202211:06 amRNSSecond Price Monitoring Extn
31st Oct 202211:00 amRNSPrice Monitoring Extension
25th Oct 20224:42 pmRNSSecond Price Monitoring Extn
25th Oct 20224:36 pmRNSPrice Monitoring Extension
19th Oct 20221:56 pmEQSGreat Western Mining on the potential at new production facility in Nevada
6th Oct 20227:00 amRNSDirector/PDMR Shareholding
30th Sep 20227:01 amRNSHalf-year Report
30th Sep 20227:00 amRNSPrecious Metals Production Project
22nd Sep 20227:00 amRNSOMCO Drilling Results
9th Sep 20227:00 amRNSDrilling Results
25th Aug 20227:00 amRNSOperations Update
11th Aug 20227:00 amRNSDrilling Completed at Mineral Jackpot
18th Jul 20227:00 amRNSOlympic Gold Drilling Update
14th Jul 202212:00 pmRNSResult of AGM
12th Jul 20227:00 amRNSMOU for creation of JV to process gold and silver
21st Jun 20224:00 pmRNSNotice of AGM
13th Jun 20227:00 amRNSTrafalgar Hill Drilling Update
8th Jun 20227:00 amRNSDrilling Update
19th May 20224:40 pmRNSSecond Price Monitoring Extn
19th May 20224:35 pmRNSPrice Monitoring Extension
19th May 20227:00 amRNSStart of 2022 Drilling Campaign
28th Apr 20227:00 amRNSFinal Results
29th Mar 20227:00 amRNSMineral Jackpot Road Completion
24th Mar 20227:00 amRNSGeophysical Surveys Successfully Completed
3rd Mar 20222:05 pmRNSSecond Price Monitoring Extn
3rd Mar 20222:00 pmRNSPrice Monitoring Extension
23rd Feb 20224:57 pmRNSGrant of Options
23rd Feb 20227:00 amRNSMineral Jackpot Spoil Heaps Grab Sampling Results
8th Feb 20227:00 amRNSDrilling Programme 2022
17th Jan 20224:41 pmRNSSecond Price Monitoring Extn
17th Jan 20224:36 pmRNSPrice Monitoring Extension
12th Jan 20227:00 amRNSProject Updates & Current Year Plans
29th Dec 20214:41 pmRNSSecond Price Monitoring Extn
29th Dec 20214:36 pmRNSPrice Monitoring Extension
29th Dec 20212:06 pmRNSSecond Price Monitoring Extn
29th Dec 20212:00 pmRNSPrice Monitoring Extension
23rd Dec 20217:00 amRNSHolding(s) in Company
22nd Dec 20217:00 amRNSDirector/PDMR Shareholding
22nd Dec 20217:00 amRNSDirector/PDMR Shareholding
6th Dec 20217:00 amRNSOMCO Mine Tailings Results
22nd Nov 20217:00 amRNSAppointment of Exploration Manager
4th Nov 20215:33 pmRNSGrant of Share Options
29th Oct 20217:00 amRNSOperations Update

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.