REG - Great Western Mining - Western Milling Update

Great Western MiningAnnouncement

28/01/2025 07:00

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RNS Number : 8363U  Great Western Mining Corp. plc  28 January 2025

GREAT WESTERN MINING CORPORATION PLC

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

 

WESTERN MILLING UPDATE

 

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, provides an update on its Western Milling
joint venture.

 

HIGHLIGHTS

 

·    State of Nevada inspection of project now completed

·    Minor upgrades required prior to first production

·    State Environmental inspection of mill and remote site now completed

 

Great Western Chairman Brian Hall commented:  "The completion of the State
Mine Inspector's visit is a significant step in the preparation of processing
operations at the Western Milling site.  Some minor issues need to be
addressed before start-up of pilot production through gravity separation,
primarily to meet stringent health and safety regulations and timing of which
is now in the hands of our joint venture partner.  We have created an
impressive milling operation, although dogged by irritating delays.  We will
notify shareholders when pilot production has commenced and we will now start
planning the next phases of production to maximise precious metals recovery,
involving flotation recovery and vat-contained leaching."

 

UPDATE

 

On 16 January the Nevada State Inspector of Mines made a scheduled visit to
the Western Milling project in Mineral County, Nevada. A director of Great
Western was present throughout the visit.  The purpose of this thorough
inspection by the State of Nevada was to ensure that all state mining
regulations, which are similar to federal mining regulations, had been fully
complied with by the joint venture, so that a post start-up inspection by the
federal Mining Safety & Health Authority (MSHA) would not result in
penalties and consequent production delays.

 

No significant issues emerged from the inspection. However, there are a number
of minor issues, primarily health and safety items, which must be addressed
prior to first production and these will be handled as soon as Western
Milling's operating partner has personnel available on site.

 

On 22 January, two representatives of NDEP (Nevada Division of Environmental
Protection) made a scheduled visit to the mill site.  NDEP has already
granted the joint venture the required environmental permit for production of
concentrates and precious metals by gravity separation and this visit was for
verification prior to start-up. No issues have arisen from this visit. Western
Milling is required to fulfil ongoing environmental reporting obligations
during production in order to maintain its permit and these will be rigorously
observed.

 

The NDEP representatives also visited the OMCO Mine site at Great Western's
Olympic Gold Project to inspect and verify tailings heaps and coarse
stockpiles of pre-mined material.  No issues arose from this visit.

 

Trial production can start as soon as the issues identified by the State Mine
Inspector have been addressed and remedied.

 

 

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 Rome/Joseph                                                                                                         +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 the
seventh and most recent acquisition, the Olympic Gold Project, is in the east
of the county, some 50 miles from the main group.  All the Company's claims
are 100% owned. Claims at the Eastside Mine Group have been contributed to a
pooling agreement with Bronco Creek Exploration, Inc. and in addition the
Company participates in the Huntoon Mine Area Cooperation Agreement with
landowner-neighbour Crowne Point Resources with whom it shares resources.
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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