Great Western Mining Corp. plc First Gold and Silver Poured (3810K)
January 04 2021 - 2:00AM
UK Regulatory
TIDMGWMO
RNS Number : 3810K
Great Western Mining Corp. plc
04 January 2021
GREAT WESTERN MINING CORPORATION PLC
("Great Western", "GWM" or the "Company")
FIRST GOLD AND SILVER POURED
Great Western Mining Corporation PLC (AIM - GWMO, Euronext
Growth - 8GW) is pleased to announce that it has poured first gold
and silver and produced a doré bar as a pilot exercise using
material from test spoil heaps on its Mineral Jackpot property in
Mineral County, Nevada. The success of the trial proves the concept
of being able to extract gold and silver from up to 12,000 tons of
material available from 38 spoil heaps on the property.
This operation was carried out at a facility in Mineral County
where an initial load of approximately 4 tonnes of material was
crushed and has been processed through a local laboratory. In
parallel, analysis of a consignment of the same material is being
treated and analysed in a laboratory in the UK to determine the
optimum method for producing precious metals on a sustainable
commercial basis, first results of which are expected to become
available later this month.
In addition to the spoil heaps at Mineral Jackpot (the generic
name used for a group of five historic and neighbouring gold
mines), recent soil, rock and magnetometer surveys have doubled the
known surface area of mineralisation and established previously
unknown connectivity between the different mines. Great Western
plans to follow the veins with new drilling as soon as an
appropriate rig suitable for use in the mountainous terrain becomes
available and weather conditions permit.
The Company's claims in Mineral County cover approximately
17,000 acres. A substantial inferred and indicated resource of
copper has already been established while numerous gold and silver
prospects on the claims include spoil heaps for reprocessing as
well as potential new veins to be drilled. Great Western's first
drilling targets in 2021 are planned for the Rock House (RH) group
and the Olympic Gold project, both of which have been extensively
surveyed in 2020.
Great Western's chairman Brian Hall commented: "Pouring first
gold and silver is a significant event for your company and we are
very pleased to have met our stated objective for 2020. With the
knowledge we have gained from this pilot exercise, which is still
ongoing, and with first results from laboratory analysis due this
month, we will be able to plan for commercial exploitation of
precious metals as well as commence a new drill programme. We are
well funded for our current requirements."
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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