Great Western Mining Corporation PLC (LON:GWMO) has said it expects to pour its first precious metal from a bulk sample at Mineral Jackpot in Nevada before the year-end.
First concentrate should be recovered from the circuit within the next few days and smelting of the material within the next two weeks, the AIM-listed group said.
Great Western noted that a magnetic survey over the northern part of the MJ area has also highlighted existing known structures together with potential new linking structures and extensions to the south-east.
In a statement, Brian Hall, chairman, added: "I am pleased to report, subject to any unforeseen last-minute delays, that we remain on track to produce precious metals before the end of the year.
"Despite the wider market dynamics, 2020 has been a turnaround year for the company and being able to prove the concept that there is commercial potential for recovering gold and silver, both from the many spoil heaps left over from historic mining operations as well as from unmined veins at Mineral Jackpot, highlights the significant strides we have made."
The results from the magnetometer survey at Mineral Jackpot can be seen in more graphic detail through this link to the Company's website. Expansion of the magnetometer survey will continue when the worst of the winter is over, Hall added.