Great Western Mining Corporation PLC (AIM:GWMO) shares opened Monday's session on the front-foot after announcing the signing of a rig contract for about 1,800 metres of reverse circulation drilling at its Rhyolite Dome and West Huntoon projects in Nevada.
Drilling is scheduled to begin in early October. The company said the campaign will test high-potential gold and copper targets and aims to convert surface anomalies into measurable mineralisation.
A recent IP survey at Rhyolite Dome has defined drill targets, while soil sampling at the Defender-Pine Crow tungsten prospect is under laboratory analysis.
"These two campaigns will test high-potential gold and copper targets, convert surface anomalies into measurable mineralisation and de-risk our assets," chair Brian Hall said.
"Combined with the recently completed IP survey at Rhyolite Dome and strategic staking at Yellow Peak, we are taking a disciplined, data-driven approach."
In London, the share opened at 1.28p, before easing back to parity, changing hands at 1.2p per share.