TUN Group Gold-Silver Prospect

RNS Number : 4329S

Great Western Mining Corp. plc

24 September 2014

 



Great Western Mining Corporation PLC

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

TUN Group Gold-Silver Prospect

Great Western Mining, the AIM (AIM:GWMO) and ESM quoted mineral exploration company with 73 sq. kilometres of mineral claims in south-west Nevada USA, is pleased to provide the second update from the Company's 2014 field progamme on the Golconda Thrust Group, containing the four claim groups: TUN Group, EM Group, RH Group and JS Group.

The GWM field team carried out geological mapping, soil and rock chip sampling on three of the claim groups: TUN, EM and JS, accompanied by the Company's independent consulting geologist, Donald G Strachan.

The TUN Group (M6) is approximately 7 miles south-west of the Company's Target 4 (M4-T4) copper prospect, for which GWM recently announced the submission of a drilling permit application to the United States Forestry Service (USFS).

The M6 prospect appears to be a parallel system of multiple, oxide and sulphide, gold-silver veins and veinlet stockworks. Relatively small tonnages of supergene, multi-ounce, high-grade, bonanza-style ores were mined in the past at M6. Potential remains for moderate-sized deposits of shallow, oxidized stockworks and veins and deeper sulphide ores in the immediate vicinity of the historic M6 workings.

Multiple veins occur along a northeasterly strike for 500 feet, and extend to a width of 60 feet. Streaks of oxidized chalcopyrite-pyrite-galena were noted in several samples taken along 200 feet of the strike. Gold in three samples varied from 4,147 ppb (note 1) Au to 9,839 ppb Au. Silver varied from 337 ppm (note 2) Ag to 757 ppm Ag. Lead varied from 1,340 ppm Pb to greater than 10,000 ppm Pb. Arsenic (As) and Antimony (Sb) was also strongly anomalous.

Alteration and structure associated with this mineralisation persists in outcrop for 700 feet to the southwest and 300 feet northeast of the workings. The width of the mineralised, multi-vein, northeasterly structure approaches 75 feet. M6 has the potential to be an underground and much larger open-pit prospect.

GWM will follow up these results with more detailed surface mapping, and a soil grid and rock chip geochemical programme. The Company looks forward to updating shareholders with further developments as they are achieved.

Chief Executive, David Fraser commented:

"This is more very encouraging news from our 2014 field programme. Whilst Great Western Mining's primary focus remains on the bulk tonnage copper potential of the Marietta District, the Company is very pleased to have the gold and silver prospects of the TUN and JS groups in its portfolio of assets. GWM looks forward to updating shareholders on the EM Group, where work was also carried out this summer, and the further field work planned for the 4^th quarter of this year."

note 1= parts per billion.

note 2= parts per million

Conversion g/t:

1 ppb = 0.001 g/t

1 ppm= 1 g/t

Ends

Enquiries:

Great Western Mining Corp Plc David Fraser, Chief Executive	[phone]
Davy (Nomad, ESM Adviser & Joint Broker) John Frain Roland French	[phone]  [e-mail] [e-mail]
Hume Capital Securities plc (Joint Broker) Jon Belliss                                           Abigail Wayne	[phone]
Walbrook (UK PR and IR)                                Paul Cornelius Guy McDougall	[phone] [e-mail]

 

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