Operational Update

RNS Number : 3804H

Great Western Mining Corp. plc

14 November 2018

 

Great Western Mining Corporation PLC

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

Operational Update

Great Western Mining (AIM: GWMO; ESM: 8GW) provides the following update on drilling operations in Mineral County, Nevada.

Since updating shareholders on 26 October the field team has been closely monitoring progress on hole M2-042 (M2 Copper Gold prospect in M2-Sharktooth zone) and the Company has now regretfully decided to suspend further drilling until next Spring.  This is due to a forecast of imminent low temperatures in excess of -10˚ which will prohibit use of water essential to drilling operations.  The prospectivity of the Sharktooth target is unchanged.

With the onset of more severe winter conditions M4 drilling has also now been suspended with six holes out of a nine-hole programme successfully completed.   Management will submit a further drilling programme to the United States Forestry Service ("USFS") for recommencement of drilling in April next year.  M4 assays are currently being carried out by Bureau Veritas and are awaited.

Chief Executive, David Fraser commented: "We made good progress on M4 and hope to be able to report initial results and analysis shortly.  Despite best efforts by all concerned, difficult drilling conditions have prevented us from testing the prospectivity of the deep Diorite-hosted Copper-Gold target at M2 during the 2018 drilling season. We will recommence operations as early as possible next Spring, while the winter months will be used to evaluate progress so far in detail and to refine future drilling plans under the supervision of our recently appointed Chief Geologist."

ENQUIRIES:

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

 

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