Great Western Mining Corp. plc Mineral Jackpot Operations Update (0872J)
December 18 2020 - 2:00AM
UK Regulatory
TIDMGWMO
RNS Number : 0872J
Great Western Mining Corp. plc
18 December 2020
GREAT WESTERN MINING CORPORATION PLC
("Great Western" or the "Company")
OPERATIONS UPDATE
MINERAL JACKPOT
Great Western Mining Corporation PLC (AIM - GWMO, Euronext
Growth - 8GW), the mineral exploration and development company with
gold, silver and copper assets in the USA, provides the following
update on operations at its Mineral Jackpot Properties ("MJ") in
Mineral County, Nevada.
-- Bulk material from the site is being processed through a
gravity separation circuit and the pouring of first precious metal
is on track to be achieved before year end
-- Pilot magnetometer survey completed over the northern part of
the MJ area has highlighted existing known structures together with
potential new linking structures and extensions to the
south-east
Gravity Separation Processing for precious metals
Material collected from spoil heaps in the Mineral Jackpot
Project area has been successfully transported to a temporary
gravity processing facility and the first parcel has now been
passed through a primary jaw crusher. It is currently awaiting
pulverisation through a hammer mill before entering the gravity
separation circuit. Subject to any last minute unforeseen delays,
the Company expects first concentrate to be recovered from the
circuit within the next few days and smelting of the material
within the next two weeks.
Magnetometer Survey
Following the successful magnetometer surveys conducted at the
Rock House and Olympic Gold properties during the summer, a
ground-based magnetometer survey has now been conducted over part
of the MJ property as a pilot programme to ascertain whether narrow
mineralised structures in the area provide measurable responses.
Results from the survey are very positive and indicate that the
larger known structures on these properties are well-defined, with
potential linking structures also identified. An excellent
correlation has now been established between known veins already
mapped, mineralised rock chip samples and the measured responses
from the magnetometer survey. The magnetic survey defines veins and
additional vein sets more tightly in relation to broad anomalies
identified from the regional soil sampling programme carried out in
late 2019. Future drilling will test both the known veins in this
area and the interpreted structures identified by this survey. The
survey project will be continued after the winter to include
prospective areas to the south and south-east, including the Cabin
Rock and Silver Bell workings. Coincident soil anomalies were
established in these areas during the 2019 soil sampling programme
and these have been correlated with numerous high grade rock chip
samples.
Great Western Chairman Brian Hall commented: "I am pleased to
report, subject to any unforeseen last-minute delays, that we
remain on track to produce precious metals before the end of the
year. Despite the wider market dynamics, 2020 has been a turnaround
year for the Company and being able to prove the concept that there
is commercial potential for recovering gold and silver, both from
the many spoil heaps left over from historic mining operations as
well as from unmined veins at Mineral Jackpot, highlights the
significant strides we have made. The results from the magnetometer
survey at Mineral Jackpot can be seen in more graphic detail
through the link to the Company's website (
http://www.greatwesternmining.com/media-centre/presentations ) .
Expansion of the magnetometer survey will continue when the worst
of the winter is over. We look forward to keeping shareholders
advised of progress in producing first precious metals."
Qualified Person
Information in this announcement has been reviewed by William
Cooper, who is the Chief Geologist and Exploration Manager of Great
Western Mining. 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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