Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreat Western Mining Corporation PLC Regulatory News (GWMO)

Share Price Information for Great Western Mining Corporation PLC (GWMO)

Share Price is delayed by 15 minutes
Get Live Data
4.05    -0.35 (-8.05%)
Bid:
3.90
Ask:
4.20
Spread: 0.30 (7.692%)
Market Cap: £17.33m
GWMO Live PriceLast checked at - London Stock Exchange

Intraday Great Western Mining Corporation PLC Share Chart

Western Milling Update

28 Jan 2025 07:00

RNS Number : 8363U
Great Western Mining Corp. plc
28 January 2025
 

GREAT WESTERN MINING CORPORATION PLC

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

 

WESTERN MILLING UPDATE

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW), which is exploring and developing gold, silver and copper targets in the Walker Lane belt of Nevada, USA, provides an update on its Western Milling joint venture.

 

HIGHLIGHTS

 

· State of Nevada inspection of project now completed

· Minor upgrades required prior to first production

· State Environmental inspection of mill and remote site now completed

 

Great Western Chairman Brian Hall commented: "The completion of the State Mine Inspector's visit is a significant step in the preparation of processing operations at the Western Milling site. Some minor issues need to be addressed before start-up of pilot production through gravity separation, primarily to meet stringent health and safety regulations and timing of which is now in the hands of our joint venture partner. We have created an impressive milling operation, although dogged by irritating delays. We will notify shareholders when pilot production has commenced and we will now start planning the next phases of production to maximise precious metals recovery, involving flotation recovery and vat-contained leaching."

 

UPDATE

 

On 16 January the Nevada State Inspector of Mines made a scheduled visit to the Western Milling project in Mineral County, Nevada. A director of Great Western was present throughout the visit. The purpose of this thorough inspection by the State of Nevada was to ensure that all state mining regulations, which are similar to federal mining regulations, had been fully complied with by the joint venture, so that a post start-up inspection by the federal Mining Safety & Health Authority (MSHA) would not result in penalties and consequent production delays.

 

No significant issues emerged from the inspection. However, there are a number of minor issues, primarily health and safety items, which must be addressed prior to first production and these will be handled as soon as Western Milling's operating partner has personnel available on site.

 

On 22 January, two representatives of NDEP (Nevada Division of Environmental Protection) made a scheduled visit to the mill site. NDEP has already granted the joint venture the required environmental permit for production of concentrates and precious metals by gravity separation and this visit was for verification prior to start-up. No issues have arisen from this visit. Western Milling is required to fulfil ongoing environmental reporting obligations during production in order to maintain its permit and these will be rigorously observed.

 

The NDEP representatives also visited the OMCO Mine site at Great Western's Olympic Gold Project to inspect and verify tailings heaps and coarse stockpiles of pre-mined material. No issues arose from this visit.

 

Trial production can start as soon as the issues identified by the State Mine Inspector have been addressed and remedied.

 

 

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 Listing Sponsor & Joint Broker)

Brian Garrahy

 

+353 1 679 6363

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat/Adam Cowl

 

+44 203 470 0470

Walbrook PR (PR advisers)

Nick Rome/Joseph Walker

 

+44 207 933 8783

 

 

Notes to Editors

The Company has a large tract of acreage in Mineral County, Nevada. The area consists of rugged, mountainous terrain, which means that large parts of it remain under-explored. Mineral potential is hosted by the regional Walker Lane Structural Belt, the largest structural and metallogenic belt in Nevada, yet one of the least explored in recent times, with gold, silver and copper currently produced in Mineral County. Great Western has seven distinct concession areas which offer the potential for exploiting (1) short term gold and silver deposits and (2) long-term, world-class copper deposits. 

 

Six of the Company's properties are in the west of Mineral County and the seventh and most recent acquisition, the Olympic Gold Project, is in the east of the county, some 50 miles from the main group. All the Company's claims are 100% owned. Claims at the Eastside Mine Group have been contributed to a pooling agreement with Bronco Creek Exploration, Inc. and in addition the Company participates in the Huntoon Mine Area Cooperation Agreement with landowner-neighbour Crowne Point Resources with whom it shares resources. Great Western's small exploration team is supported by locally based consultants and contractors. 

 

 

The state of Nevada is one of the world's most mining friendly jurisdictions. While tightly regulated and environmentally conscious, Nevada welcomes the mining industry. Great Western takes care to ensure that its claims are maintained in good standing and all regulations observed. 

 

There are numerous gold and silver prospects on the Company's acreage, including extensive historic mine workings which offer the opportunity for secondary recovery. The Company is party to a 50-50 joint venture known as Western Milling LLC which is constructing a mill to process pre-mined material for secondary recovery of gold and silver.

 

Furthermore, through extensive drilling over a five-year period, GWM has established a Mineral Resource on its first target area known as M2, of 4.3 million tonnes at 0.45% copper, for 19,000 tonnes of contained copper metal. This resource has been independently reported in accordance with JORC guidelines. 

 

GWM has also established an Inferred Resource Estimate of 31,000 tonnes grading 1.6 g/t gold and 3.0 g/t silver in tailings associated with the OMCO Mine at the Olympic Gold Project. Additionally, exploration targets have been independently reported as follows:

 

· 3,400 - 6,400 tonnes grading between 0.5 and 1.2 g/t Au and 1.2 and 2.1 g/t Ag in the substrate beneath the tailings volume at the Olympic Mine.

· 9,000 - 12,000 tonnes grading between 0.9 and 2.4 g/t Au and 2.0 and 5.1 g/t Ag in a coarse stockpile at Olympic Mine.

· 4,200 - 7,700 tonnes grading between 40 and 140 g/t Ag and 0.3 and 0.3 g/t Au in spoil heaps at Mineral Jackpot.

 

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDPKOBQPBKDKDB
Date   Source Headline
8th Jun 20267:00 amRNSAdmission to Trading on OTCQB in the United States
3rd Jun 202610:30 amRNSHolding(s) in Company
2nd Jun 20267:00 amRNSChange of Nominated Adviser
1st Jun 20267:00 amRNSTungsten Exploration Update
29th May 20267:05 amRNSNotice of AGM
29th May 20267:00 amRNSFinal Results for the Year Ended 31 December 2025
28th May 20267:00 amRNSOption Agreement over Eastside-Tango Project
26th May 202610:00 amRNSExercise of Warrants and Issue of Equity
11th May 202611:30 amRNSExercise of Warrants & Issue of Equity
7th May 20267:00 amRNSMetallurgical Test Work Underway: Tungsten Project
27th Apr 20261:30 pmRNSHolding(s) in Company
27th Apr 20261:30 pmRNSHolding(s) in Company
20th Apr 20269:30 amRNSExercise of Warrants and Issue of Equity
17th Apr 202612:00 pmRNSGrant of Share Options
16th Apr 20267:00 amRNSDrilling Contractor Secured for Tungsten Project
13th Apr 20267:00 amRNSOTCID Application Submitted
18th Mar 20267:00 amRNSExtension of Tungsten Project Area
13th Mar 202611:35 amRNSGrant of Share Options
13th Mar 202611:35 amRNSGrant of Share Options
3rd Mar 20265:06 pmRNSHolding(s) in Company
2nd Mar 20265:30 pmRNSHolding(s) in Company
2nd Mar 20263:51 pmRNSTotal Voting Rights
2nd Mar 20267:00 amRNSTungsten Exploration Plan & Investor Presentation
24th Feb 20267:01 amRNSHolding(s) in Company
24th Feb 20267:00 amRNSHolding(s) in Company
18th Feb 202612:03 pmRNSTotal Voting Rights
18th Feb 202612:00 pmRNSHolding(s) in Company
18th Feb 202612:00 pmRNSHolding(s) in Company
30th Jan 20267:00 amRNS£3.25m Placing to Accelerate Exploration Portfolio
29th Jan 20267:00 amRNSTungsten Mineralisation Confirmed at Defender
28th Jan 20267:00 amRNSIP Survey & RC Drilling Results at Rhyolite Dome
22nd Jan 20267:00 amRNSAu-Ag-Cu Mineralisation Confirmed at West Huntoon
12th Jan 20267:00 amRNSAppointment of Chief Executive Officer
5th Jan 20267:00 amRNSTungsten Exploration Update
18th Nov 20257:00 amRNSQ4 Exploration Programme Overview
3rd Nov 202512:10 pmRNSTotal Voting Rights
27th Oct 20257:00 amRNSHuntoon Copper Project Update
21st Oct 20257:00 amRNSDrilling Update
17th Oct 20252:15 pmRNSEXERCISE OF WARRANTS AND ISSUE OF EQUITY
6th Oct 20257:00 amRNSDrilling Underway at West Huntoon
29th Sep 20257:00 amRNSExploration Update
25th Sep 20257:00 amRNSHalf-year Report
16th Sep 20257:00 amRNS-RNew Corporate Presentation
15th Sep 20259:20 amRNSHolding(s) in Company
3rd Sep 20251:45 pmRNSHolding(s) in Company
1st Sep 202511:52 amRNSHolding(s) in Company
1st Sep 20257:00 amRNSExploration Update
29th Aug 202510:10 amRNSHolding(s) in Company
28th Aug 202512:51 pmRNSHolding(s) in Company
14th Aug 20251:50 pmRNSResult of AGM

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.