Great Western Mining Corp. plc Operations Update (6562V)
April 16 2021 - 2:00AM
UK Regulatory
TIDMGWMO
RNS Number : 6562V
Great Western Mining Corp. plc
16 April 2021
GREAT WESTERN MINING CORPORATION PLC
("Great Western", "GWM" or the "Company")
OPERATIONS UPDATE
16 April 2021
Great Western Mining Corporation PLC (AIM - GWMO, Euronext
Growth - 8GW) is pleased to announce that drilling has now
commenced at the Olympic Gold Project ("Olympic") in Mineral County
Nevada.
All necessary permits have been received and a Reverse
Circulation ("RC") rig has been mobilised to the Trafalgar Hill
prospect which lies in the northwestern part of the Olympic claims.
Ground has been broken on the first of six planned holes to be
drilled at Trafalgar Hill, where prospects have been identified
through geological mapping and two recently-conducted magnetometer
surveys. Drilling is currently in progress.
Following the completion of the Trafalgar Hill programme, the
rig will remain at Olympic but move to the West Ridge prospect and
then to the East OMCO Fault prospect, to the southeast of the
historic OMCO Mine. Three further holes are planned to test
magnetic anomalies to the east of the current Olympic group of
claims for which the company has staked 12 new claims and submitted
application to the Bureau of Land Management. In total, 11 holes
are planned at Olympic prior to the rig moving to drill at the
Company's Rock House ("RH") Group of claims.
This is the first time that the Company has drilled at Olympic,
over which it acquired a 4-year purchase option in 2020. A link to
a map of the Olympic Gold Project can be found by clicking
http://www.rns-pdf.londonstockexchange.com/rns/6562V_1-2021-4-15.pdf.
The area marked with a dotted blue line on this map shows the new
claims which have recently been added to the Olympic portfolio,
pending final regulatory approval.
The Company will provide further updates when new information
becomes available.
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDGZGMDNKLGMZM
(END) Dow Jones Newswires
April 16, 2021 02:00 ET (06:00 GMT)
Great Western Mining (LSE:GWMO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Great Western Mining (LSE:GWMO)
Historical Stock Chart
From Jul 2023 to Jul 2024