REG - Great Western Mining - Permit for Mill Operations

Great Western MiningAnnouncement

17/07/2024 11:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240717:nRSQ7797Wa&default-theme=true

RNS Number : 7797W  Great Western Mining Corp. plc  17 July 2024

 

GREAT WESTERN MINING CORPORATION PLC

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

 

PERMIT FOR MILL OPERATIONS

 

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, USA, is pleased to announce that on 16 July 2024,
late in the day Pacific Time, the Nevada Division of Environmental Protection
('NDEP') issued a Notice of Decision with regard to Western Milling LLC's
proposed operations in Nevada.  Western Milling LLC, which is 50% owned by
Great Western, has constructed a mill for processing precious metal
concentrates from mining waste at Sodaville, adjoining the small town of Mina,
Nevada.

 

NDEP has decided to issue a new Water Pollution Control Permit to Western
Milling LLC authorising the construction, operation and closure of approved
mining facilities.  The Permit will become effective on 31 July 2024 subject
to any appeals which must be filed by 26 July 2024.   Western Milling is
authorised to process up to 18,000 tons of ore per year.  No objections to
the permit were lodged during the 30-day consultation period which ended on 10
July.

 

As soon as the permit is effective, Western Milling LLC will commission the
mill to enable gravity processing operations to commence.

 

Great Western Chairman Brian Hall commented:  "With no objections filed, we
will shortly be in a position to begin the commissioning process.  I would
like to thank shareholders for their patience and our partners and our own
personnel for their perseverance. We very much look forward to commencing
operations on site and will provide further updates as we move towards
production."

 

MARs Statement:  This press release contains inside information as defined in
Article 7(1) of the Market Abuse Regulations.

 

 

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 Corporate Finance LLP (Joint Broker)

 Ewan Leggat/Adam Cowl                                                                                                    +44 203 470 0470

 Walbrook PR (PR advisers)

 Nick                                                                                                                     +44 207 933 8783
 Rome

 

Notes to Editors

The Company has a large tract of acreage in Mineral County, Nevada. The
acreage partly consists of rugged, mountainous terrain, large parts of which
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.

The Company's properties are made of seven groups of claims, all in Mineral
County, Nevada and are 100% owned and operated. Great Western's small
exploration team is supported by consultants and locally based contractors.

The state of Nevada was rated the world's most mining friendly jurisdiction by
the Fraser Institute of Canada in 2023.  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. As well as mineral exploration and appraisal, the Company
is a 50% participant in the Western Milling LLC joint venture which has now
completed construction of a mill to process pre-mined material for secondary
recovery of gold and silver.

Through extensive drilling over a five-year period, GWM has established a
Mineral Resource on its M2 target area in the Black Mountains group of
claims.  4.3 million tonnes at 0.45% copper are reported, being 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.   Waste material also  includes
exploration targets which 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.

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGCGDRCSBDGSR