Great Western Mining starts 2022 drilling programme
The best intercepts from 2021 drilling on the SAZ prospect were 1.52 metres at 8.02 grammes a tonne (g/t) gold and 1.52 metres at 2.29 g/t gold
Company
LON:GWMO
Great Western Mining Corporation PLC is a mineral exploration and development company operating in Nevada, USA. Eight distinct claim groups target both precious metals and base metals. The company has a gold exploration target ranging from 0.5mln to 1.5mln ounces from multiple prospects together with ongoing projects aiming to produce early gold and silver from historical mine workings.
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The best intercepts from 2021 drilling on the SAZ prospect were 1.52 metres at 8.02 grammes a tonne (g/t) gold and 1.52 metres at 2.29 g/t gold
The company, which has yet to generate revenue, saw its losses for 2021 narrow to €535,960 from €852,042 in 2020
The road connects the company's base at Marietta to Mineral Jackpot which is made up of five historic mines
It will now prioritise the largest and richest spoil heaps for follow-up work
The drilling programme will be funded from existing cash reserves
"In the spring, field operations will recommence in earnest and we will be ready for that,” Brian Hall said
The company operates under an option-to-purchase agreement at the Olympic project in Mineral County, Nevada
“He joins us at a time when we are hard at work on our large portfolio of projects in Nevada with the ultimate aim of making a major discovery and the experience he brings should help us to achieve this objective,” said chairman Brian Hall
"The scale of the potential production operation under evaluation is constantly expanding”
“We are focused on fast-tracking the exploitation of precious metals to achieve early gold and silver sales and are well funded both to extend our drill programme and to finance the first phase of a processing plant for spoil heap material,
"The Southern Alteration Zone results represent a major breakthrough for the company in virgin territory, which we will be following up as soon as possible,” said chairman Brian Hall
Trafalgar Hill lies in the northwestern part of the Olympic gold project area where gold has successfully been produced in the past from shallow workings
A backlog at the labs means the turn-around time for receiving assay results is taking longer than expected
The first phase of drilling was completed ahead of schedule and within budget
If you are looking for minerals a place called Mineral County seems like a good place to start
All six holes initially appear to have intercepted the main shallow target structure
“The results of our work in 2020 have enabled us to initiate a major drilling programme across our three prime areas of interest," said Brian Hall.
This is the first time that the company has drilled at Olympic, over which it acquired a four-year purchase option in 2020
RC drilling rig to be moved to the Trafalgar Hill prospect at the Olympic gold project
Drilling work expected to get underway in April, investors were told