M2-Sharktooth Drilling Update

RNS Number : 3232F

Great Western Mining Corp. plc

26 October 2018

 

Great Western Mining Corporation PLC

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

M2-Sharktooth Drilling Update

Great Western Mining (AIM: GWMO; ESM: 8GW) provides the following update on its current drilling operations in the M2-Sharktooth zone of the M2 Copper-Gold target in Mineral County, Nevada.

Based on experience gained from recent drilling on the prospect, the current hole M2-042 has been cased to depth in order to avoid the possibility of highly-fractured caprock collapsing into the drill hole. Whilst numerous problems have been overcome, drilling has nevertheless been slower than anticipated. The protective outer casing is currently at 737 feet (224.6 metres) and the drill bit at 830 feet (253 metres) but the onset of sub-zero temperatures has begun to restrict pumping of water to this high altitude site at night, meaning that drilling is now limited to daylight hours.

The prospectivity of the diorite hosted Copper-Gold target remains as strong as ever but the field team is now in a race against time to reach the primary objective before the full onset of winter, which may be successful but could also result in the need to suspend further drilling until March next year.  The Company will provide shareholders with a further update as soon as more hard information is available.

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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