Great Western Mining Corp. plc Operational Update (6852Q)
September 14 2017 - 2:00AM
UK Regulatory
TIDMGWMO
RNS Number : 6852Q
Great Western Mining Corp. plc
14 September 2017
Great Western Mining Corporation PLC
("Great Western Mining", "GWM" or the "Company")
M2 and M4 Operational Update
Great Western Mining (AIM: GWMO), the copper, gold and silver
exploration company with targets in Nevada, is pleased to provide
the following update on the Company's M2 and M4 (Target 4)
Copper-gold prospects.
Contracts have now been agreed with O'Keefe Drilling Company for
this autumn's drill programmes on M2 and M4. The drill rig is
currently being mobilised to site with drilling set to commence
mid-October, and expected to continue until the end of this
year.
The M2 programme is targeting a resource extension and increase
of the quantity of resource classified in the JORC Indicated
category. The current JORC compliant resource estimate is
16,989,570 tonnes of 0.52% copper, with 3,914,740 Indicated and
13,074,830 Inferred. Up to 7 drill holes are planned for a total of
800 metres.
The M4 programme is a discovery level programme of 6-9 drill
holes totalling 950 metres. The aim is to test the thickness of the
identified surface copper oxide mineralisation, and to intercept
the IP anomalies indicated by GWM's Resistivity Report conducted by
Zonge Geosciences.
The GWM field team is currently on site preparing access roads,
flagging out the over land routes, supervising bulldozing and
preparation of equipment and documentation. In addition, the field
team is planning further detailed geological lithological and
alteration sections to help refine the Sharktooth Exploration
Target drill hole locations, in preparation for a Sharktooth
discovery level drill programme planned for early 2018.
Great Western Mining CEO, David Fraser commented: "We are
excited by the potential to further enhance the JORC status of the
M2 prospect. The drilling is also set to provide further insight
into the mineralisation at M2 and M4, which we believe could prove
to be continuous, highlighting the significant potential of the
area. The Company has also allocated funds to a discovery level
drill programme on our Sharktooth Exploration Target, which we will
look to commence as soon as the weather permits in early 2018.
These are exciting times for Great Western Mining, and we look
forward to updating shareholders as we make progress with our
objective of establishing Marietta as a major copper district."
ENQUIRIES:
Great Western Mining +44 207 933 8795 (via Walbrook)
Corporation Plc
David Fraser, Chief
Executive
Davy (Nomad, ESM
Adviser & Joint
Broker)
John Frain +353 1 679 6363
Beaufort Securities
Ltd (Joint Broker)
Jon Belliss
Elliot Hance +44 207 382 8300
Walbrook PR (UK +44 207 933 8795
PR and IR) greatwesternmining@walbrookpr.com
Paul Cornelius
Nick Rome
This information is provided by RNS
The company news service from the London Stock Exchange
END
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