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Great Western Mining completes first-phase of drilling at the Olympic gold project

The first phase of drilling was completed ahead of schedule and within budget

Great Western Mining Corporation PLC -

Great Western Mining Corp PLC (LON:GWMO) said it completed its first-phase drilling programme for gold and silver at the Olympic gold project in Mineral County, Nevada. 

Eleven holes across four target areas were satisfactorily completed, it said. Six were at the Trafalgar Hill prospect, where gold has been mined in the past, one at the West Ridge prospect and a third to the south of the former OMCO Mine which produced gold at high grades until the 1940s.

The remaining three holes were drilled to the east of a fault, which was the previously known limit of the most significant productive vein at the Olympic Mine, and were planned to target anomalies identified by a magnetometer survey conducted by the company in 2020.  

Depending on the results, the company plans infill drilling on some or all of these prospects later in the summer, subject to permitting. The reverse circulation rig is being moved to the RH (Rock House) Group for the next phase of the 2021 drilling campaign.

"Drilling operations at Olympic Gold have been completed ahead of schedule, within budget, and we now await the assay results as the rig is moved to the previously undrilled RH Group, which has exciting potential for the company,” said chairman Brian Hall.

Great Western said it has received a permit from the Bureau of Land Management to enable test drilling of known veins which have been mined in the past at the Mineral Jackpot Group.

Quick facts: Great Western Mining Corporation PLC

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AIM:GWMO

Price: 0.1251 GBX

Market Cap: £4.48 m

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Great Western Mining Corp add to 'excellent year' with more mineralization...

Great Western Mining PLC's (LON:GWMO, Euronext Growth:8GW) Brian Hall joins Proactive London after announcing two  zones of mineralisation have been identified through its Trafalgar Hill drilling programme at the Olympic gold project in Nevada, US. Drilling results from the shallow zone...

on 29/7/21

2 min read