Great Western Mining Corporation PLC (AIM:GWMO) said three holes have been drilled at the Trafalgar Hill prospect within the Olympic gold project in Nevada, US.
The mineralised zone encountered in all three holes occurred at the contact between a haematite-altered basalt and a pyrite-impregnated rhyolite, corresponding very closely to the precise location predicted by the company's drilling in 2021, it said.
Last week, Great Western announced the start of its 2022 drilling campaign with three holes drilled in the Southern Alteration Zone at the Rock House group of prospects.
READ: Great Western Mining says 2022 drilling campaign started well and is making excellent progress
"At both Rock House and Trafalgar Hill, the desk work we have done since our 2021 drill campaign seems to be paying off as, subject to lab analysis, our step-out drilling appears to be supporting our prognoses,” said chairman Brian Hall.
“This is a busy and exciting time for the company," he said. "The rig is still at the Olympic gold project and currently drilling in the vicinity of the former, prolific OMCO mine.”
The AIM-traded company plans to drill eight holes at the Olympic mine site.