Increase in Land Position

RNS Number : 0101W

Great Western Mining Corp. plc

27 July 2018

 

Great Western Mining Corporation PLC

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

Increase in Land Position

Great Western Mining (AIM: GWMO and ESM: 8GW) announces an approximate 30% increase in the land position of the M2-Sharktooth prospect with the addition of 66 unpatented claims to the Eastern and South-Eastern flank of Black Mountain. The new claims secure a highly prospective extension to the M2-Sharktooth zone, providing both an enlarged potential operational footprint and future access for mine development on the eastern side of the mountain.

The Company has also increased its land position on the western side of Black Mountain and the M4 prospect with the addition of 32 unpatented claims. These new claims, in conjunction with the 10 new claims added to the M8 prospect at the turn of the year, have increased the overall land position held by Great Western Mining in Mineral County, Nevada by approximately 12% to 1004 unpatented claims.  These claims now cover a total land area of approximately 81.75 square kilometres.

Chief Executive, David Fraser commented:  "We are very pleased to have completed this timely extension to our claim areas at M2 and M4 as our drill programmes for both prospects are now in full swing, with the first assay results imminent. The recent share placing has allowed us to plan an extension to the current drilling on M2-Sharktooth so as to investigate further the mineralised and highly prospective breccia encountered in drill hole M2-041. We have been very encouraged by the drilling to date and look forward to updating shareholders with the first results and analysis as soon as available."

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

ENQUIRIES:

Great Western Mining Corporation PLC David Fraser, Chief Executive [phone] (via Walbrook)		[phone] (via Walbrook)
Davy (Nomad, ESM Adviser & Broker) John Frain Novum Securities Limited (Joint Broker) Jon Belliss [phone] [phone]		[phone]
Walbrook PR (UK PR and IR) Paul Cornelius Nick Rome [phone] [e-mail]
		[phone] [e-mail]

 

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