REG - Great Western Mining - Trafalgar Hill Drilling Update

Great Western MiningAnnouncement

13/06/2022 07:01

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RNS Number : 5311O  Great Western Mining Corp. plc  13 June 2022

GREAT WESTERN MINING CORPORATION PLC

 

Trafalgar Hill Drilling Update

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW, "the
Company"), which is exploring and developing gold, silver and copper targets
in the Walker-Lane trend of Nevada, provides the following further update on
its current drilling campaign.

 

·    Three holes have now been drilled at Trafalgar Hill with a combined
length of 430 metres

·    The lithology and alteration were successfully predicted and the
target horizon encountered in all three holes

·    Rig now at the Olympic Mine site where eight holes are planned

 

Following completion of the three-hole Rock House programme, announced on 8
June, the Company's contracted reverse circulation (RC) drill rig was moved to
the Trafalgar Hill prospect at the Olympic Gold Project, where it has now
drilled three holes with an aggregate length of 430 metres.  These were
designed to follow-up the positive results achieved in the 2021 drill
programme at the shallower zone in the southern part of the Trafalgar Hill
claims.  As previously announced, the best intercepts achieved during the
2021 drill programme in this location were (1) 7.6 m at 1.91 g/t gold
(including 1.5 m at 8.90 g/t) from 85.3 m in hole OMRC006; and (2) 1.5 m at
1.04 g/t gold from 35.1 m in hole OMRC005.

 

The Company developed a geological model based on last year's drilling results
and was able to predict the lithology and alteration features intersected in
the three holes just completed with great accuracy.

 

The mineralised zone encountered in all three holes occurs at the contact
between a haematite-altered basalt and a pyrite-impregnated rhyolite,
corresponding very closely to the precise location predicted by the Company's
own stratigraphic and structural model and demonstrating likely continuity
from the successful holes drilled on the claims in 2021.

 

In the third hole, OMRC014, this horizon was thicker than previously
encountered and more pyrite impregnation was observed in the underlying
rhyolite.  Drill cuttings for all three holes are being sent to a laboratory
for assay, which will determine whether this horizon contains gold compatible
with that reported for OMRC006 and OMRC005 last year.

 

Great Western Chairman Brian Hall commented:  "At both Rock House and
Trafalgar Hill, the desk work we have done since our 2021 drill campaign seems
to be paying off as, subject to lab analysis, our step-out drilling appears to
be supporting our prognoses.  This is a busy and exciting time for the
Company. The rig is still at the Olympic Gold Project and currently drilling
in the vicinity of the former, prolific OMCO Mine.  We will provide an update
on the OMCO programme as soon as complete."

 

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 has requisite experience relevant to the style of mineralisation and
type of deposit under consideration, and to the activity which he is
undertaking, to qualify as a "Competent Person" as defined in the 2012 Edition
of the 'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves'. Dr Blight is also 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 Adviser & Joint Broker)

 Brian Garrahy                                                                                                            +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, and in parts 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) shorter
term gold and silver deposits and (2) longer 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, partly Inferred and partly Indicated, 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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