Great Western Mining Corp. plc Operations Update (1762U)
April 01 2021 - 1:00AM
UK Regulatory
TIDMGWMO
RNS Number : 1762U
Great Western Mining Corp. plc
01 April 2021
GREAT WESTERN MINING CORPORATION PLC
("Great Western", "GWM" or the "Company")
OPERATIONS UPDATE
Great Western Mining Corporation PLC (AIM - GWMO, Euronext
Growth - 8GW) provides the following update on its operations in
Mineral County, Nevada where it holds approximately 17,000 acres of
mining claims and is exploring for, appraising and developing
precious and base metals.
-- Drilling commences in Nevada
-- Development planning under way for commercial production
DRILLING
-- A light coring rig has now been mobilised to the M4 copper
project in the JS Group and the first hole has now been collared,
with casing set in concrete for the first metre. Drilling is going
ahead immediately to test a prospective copper target and is likely
to be followed by a second hole on the same prospect. This rig has
the advantage of being light and manoeuvrable but is
correspondingly less powerful than a larger rig, so the initial
drilling will test its capabilities and rate of penetration. The
Company plans to drill veins on the Mineral Jackpot group with this
rig during the current work season, in areas which are difficult to
access using a larger rig without new road construction.
-- As previously announced, a reverse circulation drilling rig
(RC Rig) has been contracted and will be moved to the vicinity in
the next few days ready for the main 2021 drilling programme.
Subject to timely receipt of a formal drilling permit, applied for
and expected shortly, the RC Rig will first be mobilised to the
Trafalgar Hill prospect at the Olympic Gold Project where six holes
will initially be drilled, most likely commencing in the third week
of April.
PRODUCTION FACILITIES
Long term analysis of a sample load of spoil heap material from
Mineral Jackpot by a metallurgical laboratory in the UK has now
been completed and it has been concluded that gravity separation
will be the most effective and economic means of recovering
commercial quantities of gold and silver from the spoil heaps in
this area. Under test conditions, material which was ground to a
diameter of 0.35mm liberated 50% of available gold and 40% of
available silver, further improved when the material was ground to
0.25mm, which yielded up to 140 grams gold and 20,000 grams silver
per tonne processed. Following the laboratory results, Cyanide
leaching is not recommended, due to greatly increased costs and a
much longer lead time for commercial development which would
deliver only a marginal increase in recoveries, and the Company
will therefore proceed with a gravity separation project.
The Company has this week signed a contract for the services of
a highly-qualified, UK-based Metallurgical Consultant who is
developing the specifications and sourcing equipment for a
commercially viable gold and silver gravity separation project.
Great Western Chairman Brian Hall commented: "This is an
exciting moment for the Company, being the first time in its
history that it has launched a major drilling campaign for precious
metals, while a recent fund-raising will enable us to expand the
programme where appropriate. Our drilling plans for the 2021
season, primarily the search for precious metals but also including
testing a copper prospect, are on track and we will be reporting on
results as they become available. In addition, we now have a way
forward for our production operation and will keep shareholders
informed on progress."
Qualified Person
Information in this announcement has been reviewed by William
Cooper, who is the Chief Geologist and Vice-President Exploration
of Great Western. He holds a MSc in Mining Geology from the
Camborne School of Mines. He is a Member of the Australian
Institute of Geoscientists (MAIG) and is a Qualified Person as
defined in the Note for Mining and Oil & Gas Companies which
form part of the AIM Rules for Companies. Mr Cooper consents to the
inclusion of the information in the form and context in which they
appear.
For further information:
Great Western Mining Corporation PLC
Brian Hall, Chairman +44 207 933 8780
Max Williams, Finance Director +44 207 933 8780
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)
Thomas Smith +44 207 392 1494
Walbrook PR (PR advisers)
Nick Rome/Nicholas Johnson +44 207 933 8783
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END
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