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FTSE 100 holds up; London set for exceptional weekend with restaurants fully booked
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FTSE 100 holds gains; Hammerson plc to cut rents for retail tenants to boost sector
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Great Western Mining PLC gears up for a busy year
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Untapped potential
For the uninitiated, the area of Nevada in which Great Western is operating has been prolific for gold and silver.
Its 14,900 acres-worth of concessions all lie within the Walker Lane trend, which has yielded significant discoveries such as Comstock Lode, Yerington, Pumpkin Hollow and Isabella Pearl.
Because of the mountainous terrain, there are large tracts of land under licence to the company that are unexplored that could be appraised using modern techniques.
Hall and the team have set themselves an exploration target of 500,000-1.5million gold equivalent ounces from multiple prospects.
Historic geological reports have identified seven lodes, prospective for gold and silver on Mineral Jackpot, where previous exploration work has uncovered grades of up to 95.6 grams per tonne of the yellow metal.
SMALL CAP SHARE IDEAS: Strategic refocus towards gold drives Great Western Mining forward Ian Lyall At Proactive Investors For Thisismoney.co.uk © Provided by This Is Money MailOnline logo
Under the direction of chairman Brian Hall, Great Western Mining Corporation has ‘refocused’ its strategy.
Shelved (but not forgotten) is its interest in copper. Instead, the group is concentrating on gold and silver exploration and production in the aptly named Mineral County, Nevada.
Crucially, there is cash in the bank to achieve these ambitions. And judging by the share price, which has more than doubled in the last six months, the wider investing public appears to have bought into the new streamlined approach.