Great Western Mining Corp. plc Start of 2022 Drilling Campaign (9929L)
May 19 2022 - 2:00AM
UK Regulatory
TIDMGWMO
RNS Number : 9929L
Great Western Mining Corp. plc
19 May 2022
GREAT WESTERN MINING CORPORATION PLC
("Great Western", "GWM" or the "Company")
START OF 2022 DRILLING CAMPAIGN
Great Western Mining Corporation PLC (AIM - GWMO, Euronext
Growth - 8GW), which is exploring and developing gold, silver and
copper targets in Nevada, is pleased to announce the commencement
of its 2022 drilling campaign.
The Company has contracted a reverse circulation (RC) rig for a
drill programme of approximately 11,000 ft (3,350 m), which has now
commenced at the Southern Alteration Zone (SAZ) in the Rock House
group of prospects. Three initial holes are planned at the SAZ to
follow up on the encouraging results from the 2021 programme, where
the best intercepts were (1) 1.52 metres at 8.02 g/t gold from
97.53 metres downhole in hole RHRC006 and (2) 1.52 metres at 2.29
g/t gold from 28.95 metres downhole in hole RHRC007. Drilling is
targeting the continuation of veins already identified.
Great Western Chairman Brian Hall commented: "We have a busy
drilling season now under way on several of our prospects and will
keep shareholders informed as we make progress."
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 Adviser
& Joint Broker)
John Frain +353 1 679 6363
Novum Securities (Joint Broker)
Jon Belliss +44 207 399 9400
Walbrook PR (PR advisers)
Nick Rome +44 207 933 8783
Notes to Editors
The Company has a large acreage position 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 are 100% owned and operated. The Company has an option
to acquire a seventh property, the Olympic Gold Project, in the
east of the county. Great Western's small exploration team is
supported by locally based consultants and contractors.
The state of Nevada is generally considered to be 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.
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.
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END
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