First Gold and Silver Poured

RNS Number : 3810K

Great Western Mining Corp. plc

04 January 2021

 

GREAT WESTERN MINING CORPORATION PLC

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

FIRST GOLD AND SILVER POURED

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) is pleased to announce that it has poured first gold and silver and produced a doré bar as a pilot exercise using material from test spoil heaps on its Mineral Jackpot property in Mineral County, Nevada.  The success of the trial proves the concept of being able to extract gold and silver from up to 12,000 tons of material available from 38 spoil heaps on the property.

This operation was carried out at a facility in Mineral County where an initial load of approximately 4 tonnes of material was crushed and has been processed through a local laboratory.  In parallel, analysis of a consignment of the same material is being treated and analysed in a laboratory in the UK to determine the optimum method for producing precious metals on a sustainable commercial basis, first results of which are expected to become available later this month. 

In addition to the spoil heaps at Mineral Jackpot (the generic name used for a group of five historic and neighbouring gold mines), recent soil, rock and magnetometer surveys have doubled the known surface area of mineralisation and established previously unknown connectivity between the different mines.  Great Western plans to follow the veins with new drilling as soon as an appropriate rig suitable for use in the mountainous terrain becomes available and weather conditions permit.

The Company's claims in Mineral County cover approximately 17,000 acres.  A substantial inferred and indicated resource of copper has already been established while numerous gold and silver prospects on the claims include spoil heaps for reprocessing as well as potential new veins to be drilled.  Great Western's first drilling targets in 2021 are planned for the Rock House (RH) group and the Olympic Gold project, both of which have been extensively surveyed in 2020.

Great Western's chairman Brian Hall commented:  "Pouring first gold and silver is a significant event for your company and we are very pleased to have met our stated objective for 2020. With the knowledge we have gained from this pilot exercise, which is still ongoing, and with first results from laboratory analysis due this month, we will be able to plan for commercial exploitation of precious metals as well as commence a new drill programme. We are well funded for our current requirements."

For further information:

Great Western Mining Corporation PLC
Brian Hall, Chairman	[phone]
Max Williams, Finance Director	[phone]
Davy (NOMAD, Euronext Growth Adviser & Joint Broker) John Frain	[phone]
Novum Securities (Joint Broker) Jon Belliss	[phone]
ETX Capital (Joint Broker)  Thomas Smith	[phone]
Walbrook PR (PR advisers) Nick Rome/Nicholas Johnson	[phone]

 

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