M1 Update

RNS Number : 3865B

Great Western Mining Corp. plc

06 October 2015

 

Great Western Mining Corporation PLC

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

"M1" Update

Great Western Mining, the AIM (AIM: GWMO) and ESM quoted mineral exploration company provides the following update on the M1 prospect.

During May and June of this year the GWM field team carried out initial geological mapping and soil and rock chip sampling across the Huntoon Group of Claims ("M1") as part of the soil grid programme designed by Dr Tom Molyneux, GWM's geological advisor.

The work carried out included a total of 133 soil samples and 34 rock chip samples taken along the strike of a north-east to south-west trending magnetic anomaly identified by prior aero-magnetics and ASTER satellite surveys carried out by the Company. The soil samples revealed widespread anomalous mineralisation, with a high reading for copper of 2467 ppm Cu, with gold showing readings of up to 248 ppb Au spread over a large area. There were also anomalous readings of Arsenic (As), Bismuth (Bi), Cadmium (Cd), Lead (Pb), Silver (Ag) and Titanium (Ti).

GWM will follow up these results by continuing the soil sampling westwards along M1 with the objective of establishing a well-developed mineralised trend, which would become one or more highly valuable drill targets.

The M1 prospect is on the west side of the Huntoon Valley, approximately 8.0 kilometres West of Target 4, where the Company is currently awaiting permit approval to commence a Phase 1 discovery level drilling programme. The M1 block surrounds the six patented claims that make up the historic Huntoon Mine, where Gold-Copper ore was mined between 1906 and 1925. 

Great Western Mining's Geological Advisor Tom Molyneux commented on the results: "There is a coincident trend of Silver, Lead, Gold and Cadmium, which is promising as the prospect is parallel to the aeromagnetic anomaly just southwest of the old Huntoon Mine workings. The coincidence of these elements suggests that they may have derived from conventional sulphide mineralisation."

Chief Executive, David Fraser commented: "This is positive news from our 2015 field programme and these initial results suggest that M1 has the potential to become the Company's third major Copper-Gold target in the Marietta District significantly enhancing shareholder value. We look forward to updating shareholders with further progress".

ENQUIRIES:

Great Western Mining Corporation Plc David Fraser, Chief Executive		[phone] (via Walbrook)
Davy (Nomad, ESM Adviser & Joint Broker) John Frain Roland French		[phone]        [e-mail] [e-mail]
Beaufort Securities Ltd (Joint Broker) Jon Belliss Elliot Hance		[phone]
Walbrook PR (UK PR and IR) Paul Cornelius Gary Middelton Nick Rome		[phone]      [e-mail]

 

END

 

 

MSCEAEEKELLSFFF