Great Western Mining Corp. plc JS Group ("M5") Update (7511Y)
September 11 2015 - 1:00AM
UK Regulatory
TIDMGWMO
RNS Number : 7511Y
Great Western Mining Corp. plc
11 September 2015
Great Western Mining Corporation PLC
("Great Western Mining", "GWM" or the "Company")
JS Group ("M5") Update
Great Western Mining, the AIM (AIM: GWMO) and ESM quoted mineral
exploration company is pleased to provide the following update on
its M5 prospect.
In 2014 four samples taken along the northeasterly crest of the
central ridge at M5 produced anomalous assay results, suggesting
Carlin-style disseminated gold mineralisation. During March and
June of this year the GWM field team, and the Company's independent
consulting geologist, Donald G Strachan, carried out further site
visits to M5. A further 17 closely-spaced soil samples and one
additional rock chip sample were taken.
After compiling and comparing the assay results from the five
selected rock chip samples and the 17 regularly-spaced soil
samples, reconnaissance-level geology and geochemistry suggest
epithermal or Carlin-style disseminated gold at M5, which is
consistent with previously announced results in September 2014. In
addition, the projected size and scale of the M5 alteration and
mineralisation beneath the post-mineral volcanics is extensive and
approaching 10-square kilometres. With further mapping and
geochemistry, M5 has the potential to develop into one or more very
attractive drill targets.
Chief Executive, David Fraser commented:
"This is good news. GWM's follow up work has confirmed that M5
has the potential to be a very large Carlin-style gold prospect.
The Company now plans to follow up these results with a detailed
soil grid and rock chip geochemical programme. We look forward to
updating shareholders as work continues."
ENQUIRIES:
Great Western +44 207 933 8795 (via Walbrook)
Mining Corporation
Plc
David Fraser,
Chief Executive
Davy (Nomad, +353 1 679 6363
ESM Adviser john.frain@davy.ie
& Joint Broker) roland.french@davy.ie
John Frain
Roland French
Beaufort Securities
Ltd (Joint
Broker)
Jon Belliss
Elliot Hance +44 207 382 8300
Walbrook (UK +44 207 933 8795
PR and IR)
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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