Information  X 
Enter a valid email address

Great Western Mining (GWMO)

  Print      Mail a friend

Thursday 16 April, 2020

Great Western Mining

Permit Approval and Operational Update

RNS Number : 7948J
Great Western Mining Corp. plc
16 April 2020
 

GREAT WESTERN MINING CORPORATION PLC

("Great Western" or the "Company")

Permit Approval and Operational Update

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) is pleased to announce that the U.S. federal Bureau of Land Management ("BLM") has now formally approved applications for surface disturbance works at the Mineral Jackpot ("MJ") and Rock House group ("RH Group") gold and silver prospects on the Company's acreage in Mineral County, Nevada, for an initial period of two years which may subsequently be extended in two-yearly increments.  Each permit will allow for five acres of disturbance and for subsequent exploration drilling.

 

The planned initial works include construction of thirteen trenches across the two project areas, seven of which will be at RH Group and six at Mineral Jackpot.

 

The seven trenches at RH Group will traverse both the Eastern Shear Zone and the Southern Alteration Zone prospects, located in the most desirable areas relative to the geochemical soil anomalies and previous geological mapping and sampling.  The surface trenches are designed to delineate areas of significant precious metal mineralisation which will be followed by a targeted drilling campaign.

 

The six trenches at Mineral Jackpot will be located across the largest two of the currently identified vein sets, recognised by previous geological mapping and highlighted during the soil sampling programme conducted at the end of 2019, results of which have already been reported to shareholders.  The trenching programme has been designed to verify the strike extents of the vein system at Mineral Jackpot and should provide valuable information on the vein widths and precious metal tenor. A successful programme will be followed by drilling on the best targets, along with further trenching across the remaining soil anomalies.

 

Executive Chairman Brian Hall commented: "Achieving these permits is an important step in our programme of exploiting gold and silver on our claims in Mineral County, Nevada.  Given the current COVID-19 situation, we are pleased that our application for these permits have been expedited in such a timely manner.  In common with enterprises around the world, Great Western is currently under lock-down and Company personnel are unable to travel. However, these permits will enable us to move rapidly as soon as circumstances permit."

 

For further information:

 

Great Western Mining Corporation PLC

 

Brian Hall, Chairman

+44 207 933 8780 (via Walbrook PR)

Max Williams, Finance Director

+44 207 933 8780 (via Walbrook PR)

 

 

Davy (NOMAD, Euronext Growth Adviser & Joint Broker)

John Frain

 

+353 1 679 6363

 

 

Novum Securities (Joint Broker)

Jon Belliss

 

+44 207 399 9400

 

 

ETX Capital (Joint Broker) 

Philip Adler

 

+44 207 392 1494

 

 

Walbrook PR (PR advisers)

Nick Rome/Nicholas Johnson

 

+44 207 933 8783

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
REAGPUWUCUPUGQA

a d v e r t i s e m e n t