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 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.
( Great Western , GWM or the Company )
Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) provides the following progress report on its 2021 drilling campaign in
Mineral County, Nevada.
The initial 6-hole programme at the Trafalgar Hill propect ( Trafalgar Hill ) is now complete, with 4,430 feet (1,350 metres) achieved, against a plan of 4,425 feet (1,348 metres). Due to a high rate of penetration, the six holes were completed in 15 drilling days at an average rate of 295 feet (90 metres) per drilling day with no safety incidents, significantly ahead of schedule and under budget.
All six holes initially appear to have intercepted the main shallow target structure, providing a potential strike length of at least 300 metres and a continuation down dip of over 100 metres.
April 2021
£1 million (
€1.15 million) - proceeds will be used to accelerate exploitation of gold prospects and expand the Company s work programme for the current year
· Independent test results indicated gravity separation as viable production method for processing material from Mineral Jackpot spoil heaps
· Independent metallurgical consultant engaged to prepare specifications and detailed costing for proposed processing operations
· Migration of share settlement system from CREST to Euroclear Bank successfully completed
Brian Hall, Executive Chairman, commented: During a difficult year for everybody, we made strong progress on our projects and successfully secured funds for our operations. The results of our work in 2020 have enabled us to initiate a major drilling programme across our three prime areas of interest, now under way, while laboratory testing has shown the way forward for secondary recovery of
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