REG - Great Western Mining - Operations Update

Great Western MiningAnnouncement

16/04/2021 07:05

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




 
 
 
 

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