GREAT WESTERN MINING CORPORATION
PLC
("Great Western", "GWM" or the
"Company")
MILL UPDATE
Great Western Mining Corporation PLC (AIM -
GWMO, Euronext Growth - 8GW), which is exploring
and developing gold, silver and copper targets in the Walker Lane
Belt of Nevada, provides the following progress update on
its 50% owned Western Milling project in Nevada for production of
precious metals and concentrates from mining waste.
· All equipment on site for pilot
production by gravity separation
· Pilot production will process initial
batches of tailings brought from the OMCO mine site at the Olympic
Gold Project
· When production has been established, a
rod mill for crushing larger grades will be moved into place,
initially from a stockpile of mined ore at OMCO, and this will be
crushed and processed through the system
· First production in early December is
anticipated by the operating partner
· The mill site has been constructed on a
scale which will allow for planned chemical leaching in a second
phase
· A walk-through introduction to the mill
site together with recent drone footage is available on the
Company's website
Great Western
Chairman Brian Hall commented: "Western Milling is in the final stages of bringing its mill
on to pilot production. Essential work is being finalised,
primarily to ensure that operations meet the requirements of
stringent health and safety regulations for a mining operation, at
both state and federal levels. Great Western is supplying
tailings from the OMCO Mine for first production from the plant
together with initial batches from its stockpile of mined
ore. Shareholders will be well aware that this project has
taken much longer to reach this stage than we initially expected
but we are confident that ownership of a local mill will provide a
significant opportunity for the Company to process historic waste
material as well as newly mined ore. Following a recent site visit,
we expect production start-up in early December.
"I refer you
to our website https://www.greatwesternmining.com/
where we have posted drone
footage of the site and a walk-through introduction to the
plant".
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 Listing Sponsor & Joint
Broker)
Brian Garrahy
|
+353 1 679
6363
|
|
|
SP
Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat/Adam Cowl
|
+44 203
470 0470
|
|
|
Walbrook PR (PR
advisers)
Nick Rome
|
+44 207
933 8783
|
Notes to Editors
The Company has a large tract of
acreage in Mineral County, Nevada. The area consists of rugged,
mountainous terrain, which means that large parts of it remain
under-explored. Mineral potential is hosted by the regional Walker
Lane Structural Belt, the largest structural and metallogenic belt
in Nevada, yet one of the least explored in recent times, with
gold, silver and copper currently produced in Mineral County.
Great Western has seven distinct concession areas which offer the
potential for exploiting (1) short term gold and silver deposits
and (2) long-term, world-class copper deposits.
Six of the Company's properties are
in the west of Mineral County and the seventh and most recent
acquisition, the Olympic Gold Project, is in the east of the
county, some 50 miles from the main group. All the Company's
claims are 100% owned. Claims at the Eastside Mine Group have
been contributed to a pooling agreement with Bronco Creek
Exploration, Inc. and in addition the Company participates in the
Huntoon Mine Area Cooperation Agreement with landowner-neighbour
Crowne Point Resources with whom it shares resources. Great
Western's small exploration team is supported by locally based
consultants and contractors.
The state of Nevada is one of the
world's most mining friendly jurisdictions. While tightly
regulated and environmentally conscious, Nevada welcomes the mining
industry. Great Western takes care to ensure that its claims
are maintained in good standing and all regulations
observed.
There are numerous gold and silver
prospects on the Company's acreage, including extensive historic
mine workings which offer the opportunity for secondary
recovery. The Company is party to a 50-50 joint venture known
as Western Milling LLC which is constructing a mill to process
pre-mined material for secondary recovery of gold and
silver.
Furthermore, through extensive
drilling over a five-year period, GWM has established a Mineral
Resource on its first target area known as M2, of 4.3 million
tonnes at 0.45% copper, for 19,000 tonnes of contained copper
metal. This resource has been independently reported in accordance
with JORC guidelines.
GWM has also established an Inferred
Resource Estimate of 31,000 tonnes grading 1.6 g/t gold and 3.0 g/t
silver in tailings associated with the OMCO Mine at the Olympic
Gold Project. Additionally, exploration targets have been
independently reported as follows:
·
3,400 - 6,400 tonnes grading between 0.5 and 1.2
g/t Au and 1.2 and 2.1 g/t Ag in the substrate beneath the tailings
volume at the Olympic Mine.
·
9,000 - 12,000 tonnes grading between 0.9 and 2.4
g/t Au and 2.0 and 5.1 g/t Ag in a coarse stockpile at Olympic
Mine.
·
4,200 - 7,700 tonnes grading between 40 and 140
g/t Ag and 0.3 and 0.3 g/t Au in spoil heaps at Mineral
Jackpot.