JORC Resource Strategy

RNS Number : 0170X

Great Western Mining Corp. plc

07 January 2014

 



7 January 2014

Great Western Mining Corporation PLC

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

2014 JORC Resource Strategy (see note)

Great Western Mining, the AIM and ESM quoted mineral development and exploration company, announces that it has now completed the detailed analysis for a drill programme that will aim to establish a JORC Resource in the first half of 2014, over GWM's 100% owned M2-Smith copper target ("M2").

This proposed drill programme follows the successful maiden drilling campaign of 2013 and completion of the JORC compliant Phase 1 report, which was made available to shareholders in May 2013. A programme of 20 reverse circulation drill holes has been identified, with more extensive ground geology, surface mapping and sampling planned to run concurrently.

The aim is to enable the company's independent geologist, Donald G Strachan, to establish a JORC Resource, subject to drilling results.

The company anticipates being in a position to submit drilling permit applications within the next month, and to commence preparatory groundwork at the same time.

GWM Chief Executive, David Fraser, commented:

"Your Board intends 2014 to be a year of tangible value delivery for shareholders. We are committed to driving activity forward, and communicating regularly with the investor community as our work progresses in Nevada.

"Great Western has spent considerable effort promoting the potential value of its asset base. We want 2014 to be the year where the inherent value of our extensive bank of Federal land leases begins to be recognized."

Note: JORC stands for Australasian Joint Ore Reserves Committee (JORC), which is sponsored by the Australian mining industry and its professional organisations. The Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code) is widely accepted around the world as the definitive standard for the reporting of a company's resources and reserves.

ENQUIRIES:

Great Western Mining Corporation Plc                

David Fraser, Chief Executive                                    [phone]

[e-mail]

Davy (Nomad, ESM Adviser & Joint Broker)         [phone]                                             

John Frain                                                                           [e-mail]                                               

Roland French                                                                  [e-mail]

XCAP Securities plc (Joint Broker)                            [phone]

Jon Belliss                                                                           [e-mail]

Guy Peters                                                                         [e-mail]

Walbrook (UK PR and IR)                                             [phone]    

Paul Cornelius

Guy McDougall                                                                 [e-mail]

Gordon MRM (Irish PR)                                                [phone] / [phone]

Brendan McGrath                                                            [e-mail]

 

END

 

 

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