Great Western Mining Corp. plc Operational Update (3804H)
15 November 2018 - 2:16AM
UK Regulatory
TIDMGWMO
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 +44 207 933 8795 (via Walbrook)
Corporation PLC
David Fraser, Chief
Executive
Davy (Nomad, ESM Adviser
& Broker)
John Frain +353 1 679 6363
Novum Securities Limited
(Joint Broker)
Jon Belliss +44 207 399 9400
Walbrook PR (UK PR and +44 207 933 8795
IR) greatwesternmining@walbrookpr.com
Paul Cornelius
Nick Rome
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END
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