REG - Great Western Mining - Start of 2022 Drilling Campaign

Great Western MiningAnnouncement

19/05/2022 07:00

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RNS Number : 9929L  Great Western Mining Corp. plc  19 May 2022

GREAT WESTERN MINING CORPORATION PLC

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

 

START OF 2022 DRILLING CAMPAIGN

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW),
which is exploring and developing gold, silver and copper targets in Nevada,
is pleased to announce the commencement of its 2022 drilling campaign.

 

The Company has contracted a reverse circulation (RC) rig for a drill
programme of approximately 11,000 ft (3,350 m), which has now commenced at the
Southern Alteration Zone (SAZ) in the Rock House group of prospects.  Three
initial holes are planned at the SAZ to follow up on the encouraging results
from the 2021 programme, where the best intercepts were (1) 1.52 metres at
8.02 g/t gold from 97.53 metres downhole in hole RHRC006 and (2) 1.52 metres
at 2.29 g/t gold from 28.95 metres downhole in hole RHRC007.  Drilling is
targeting the continuation of veins already identified.

 

Great Western Chairman Brian Hall commented:  "We have a busy drilling season
now under way on several of our prospects and will keep shareholders informed
as we make progress."

 

 

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 Adviser & Joint Broker)

 John Frain                                                                                                               +353 1 679 6363

 Novum Securities (Joint Broker)

 Jon Belliss                                                                                                              +44 207 399 9400

 Walbrook PR (PR advisers)

 Nick Rome                                                                                                                +44 207 933 8783

 

 

Notes to Editors

The Company has a large acreage position 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 generally considered to be 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.

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.

 

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