Great Western Mining Corp. plc TUN Group Gold-Silver Prospect (4329S)
September 24 2014 - 1:01AM
UK Regulatory
TIDMGWMO
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 +44 207 933 8795
-------------------------------- -----------------------------------
Davy (Nomad, ESM Adviser & +353 1 679 6363
Joint Broker) john.frain@davy.ie
John Frain roland.french@davy.ie
Roland French
-------------------------------- -----------------------------------
Hume Capital Securities plc
(Joint Broker)
Jon Belliss
Abigail Wayne +44 203 693 1470
-------------------------------- -----------------------------------
Walbrook (UK PR and IR) +44 207 933 8795
Paul Cornelius greatwesternmining@walbrookpr.com
Guy McDougall
-------------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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