Positive Drill Results at M1

RNS Number : 7104B

Great Western Mining Corp. plc

24 September 2018

 

Great Western Mining Corporation PLC

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

Positive Drill Results at M1

A 200 metre bore hole has been completed in Mineral County, Nevada under the terms of the Company's Huntoon Mine Area Cooperation Agreement, formed with neighbouring concession holder Crown Point Gold and Silver LLC ('Crown Point') in 2016.  The bore hole was drilled using a Reverse Circulation rig on the  border of the Company's and Crown Point's licence, with the objective of testing the depth of copper mineralisation identified at surface during GWM's geochemical soil programmes conducted in 2015 and 2016. 

Drill samples were recovered at 1.5 metre (5 feet) intervals and have now been assayed by  Bureau Veritas in Reno, Nevada, recording anomalous copper and gold geochemistry throughout the hole.

The significant copper intersects are summarised below:

Table 1- Copper Intersects > 1000 ppm (0.1% Cu)

From (metres)	To (metres)	Interval (metres)	Copper (Cu) (ppm)
3.1	7.6	4.5	1225
10.7	13.7	3.0	1239
35.1 Including 36.6	62.5 44.2	27.4 7.6	3248 7020
68.6	80.8	12.2	2292
114.3	117.4	3.1	1739
137,2	149.4	12.2	2235

The significant gold intersects are summarised below.

Table 2- Gold Intersects > 0.1 ppm

From (metres)	To (metres)	Interval (metres)	Gold (Au) (ppm)
38.1	39.6	1.5	0.132
57.9	59.4	1.5	0,412
74.7	76.2	1.5	0.148
105.2	106.7	1.5	0,180
118.9	120.4	1.5	0.184
123.5	125.0	1,5	0.135
131.0	132.5	1.5	0.718
140.2	141.7	1.5	0.128

The assay results are at the upper end of the Company's expectations. The geology of M1 and the assay data are very similar to those encountered at the Company's M2 property. Great Western Mining is now planning a follow-up sampling and ground geophysics programme on M1 to target further drilling.  

Chief Executive David Fraser commented: "The assay data from this M1 bore hole are very encouraging, successfully highlighting the potential already identified at surface on M1 and confirming a Company view that M1 would become its third highly prospective Copper-Gold target within the Marietta property. Shareholders will be kept updated as plans progress."

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

Note: ppm = parts per million

ENQUIRIES:

	Great Western Mining Corporation PLC David Fraser, Chief Executive	[phone] (via Walbrook)
	Davy (Nomad, ESM Adviser & Broker) John Frain Matthew De Vere White	[phone]
	Novum Securities Limited (Joint Broker) Jon Belliss	[phone]
	Walbrook PR (UK PR and IR) Paul Cornelius Nick Rome	[phone] [e-mail]

 

END

 

 

DRLEAENLADAPEFF