REG - Great Western Mining - Geophysical Survey at West Huntoon and M5

Great Western MiningAnnouncement

11/04/2024 07:00

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RNS Number : 0976K  Great Western Mining Corp. plc  11 April 2024

GREAT WESTERN MINING CORPORATION PLC

("Great Western", "GWM" or the "Company")

 

 

GEOPHYSICAL SURVEY AT WEST HUNTOON AND M5

 

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW)
reports the commencement of induced polarisation (IP) and resistivity surveys
at its West Huntoon and M5 claims in Mineral County, Nevada.

 

HIGHLIGHTS

·    IP and resistivity surveys are currently being carried out at the
West Huntoon copper porphyry prospect and the M5 gold-silver-copper prospect,
following successful field exploration in 2023.

·    Surveys will provide information about the subsurface for drill
targeting at both prospects.

·    Both surveys are expected to be completed during April.

 

Great Western Chairman Brian Hall commented:  "These surveys mark the start
of our 2024 work season in Nevada, with an initial focus on the highly
prospective copper porphyry at West Huntoon which was established  last
year.  We have a variety of interesting exploration targets on our claims but
are particularly excited about the West Huntoon prospect.  We are looking
forward to a busy work season and will report to shareholders on a timely
basis."

 

Survey Team Deployed

 

Great Western has commissioned Zonge International to conduct induced
polarisation (IP) and resistivity surveys across two of its exploration
projects in the Marietta area. In the past few days, a Zonge survey team has
commenced work on the West Huntoon claims to conduct IP profiles across the
copper porphyry mineralisation which outcrops there.  When complete, the team
will move to the M5 gold-silver-copper prospect in the Jack Springs (JS) claim
group. All survey work is expected to be completed during April.

 

Background information

 

The survey work is expected to identify chargeability and resistivity
anomalies which can be interpreted as representing zones of disseminated
sulphide mineralisation and silicification. The results of this work will be
used to  improve the geological model and plan drill targets at both
prospects.

West Huntoon

 

At West Huntoon, on the west side of the Huntoon Valley, 2023 geological work
has indicated the presence of a copper porphyry system. This was established
by (1) the identification of a 2 km(2) area of copper in soils anomaly, open
in several directions under tertiary cover, (2) significant copper oxide
showings at outcrop and (3) a mineralised granite intrusion showing textures
consistent with hydrothermal fluid release. The objective of the survey work
is to identify the best drill targets in this area of rich surface indicators
and to investigate further potential in areas covered by tertiary volcanics.

 

M5

The M5 prospect is a mafic intrusion in limestones and rhyolites, located in
the southeastern part of the Jack Springs (JS) claim group. Mineralisation is
associated with the alteration zone surrounding the intrusion and the core of
the prospect forms a prominent northeast trending ridge, standing proud of the
surrounding lavas. Soil sampling in 2023 indicated continuation of elevated
gold and copper values to the northeast under tertiary cover. The surveys will
test the main part of the soils anomaly over the M5 ridge line and seek to
identify additional drill targets under tertiary cover to the northeast.

Qualified Person Statement

The information in this announcement that relates to exploration results is
based on information reviewed by Dr James Blight MGeol PhD MAusIMM(CP) who is
Exploration Manager of Great Western Mining PLC. Dr Blight is a "Qualified
Person" as defined in the "Note for Mining and Oil & Gas Companies" which
form part of the AIM Rules for Companies. Dr Blight has reviewed and consented
to the inclusion in the announcement of the information in the form and
context in which it appears.

For further information:

 Great Western Mining Corporation PLC
 Brian Hall,                                                                                                              +44 207 933 8780
 Chairman
 Max Williams, Finance                                                                                                    +44 207 933 8780
 Director

 Davy (NOMAD, Euronext Growth Listing Sponsor & Joint Broker)

 Brian Garrahy

                                                                                                                          +353 1 679 6363

 SP Angel (Joint Broker)

 Ewan Leggat                                                                                                              +44 203 470 0470

 Walbrook PR (PR advisers)

 Nick Rome/Joe                                                                                                            +44 207 933 8783
 Walker

 

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 are 100%
owned and operated.  The Company has an option to acquire a seventh property,
the Olympic Gold Project, in the east of the county.  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.

 

 

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