Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreat Western Regulatory News (GWMO)

Share Price Information for Great Western (GWMO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.04
Bid: 0.039
Ask: 0.041
Change: 0.0005 (1.27%)
Spread: 0.002 (5.128%)
Open: 0.0395
High: 0.04
Low: 0.0395
Prev. Close: 0.0395
GWMO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TUN Group Gold-Silver Prospect

24 Sep 2014 07:00

RNS Number : 4329S
Great Western Mining Corp. plc
24 September 2014
 



Great Western Mining Corporation PLC

("Great Western Mining", "GWM" or the "Company")

 

TUN Group Gold-Silver Prospect

 

Great Western Mining, the AIM (AIM:GWMO) and ESM quoted mineral exploration company with 73 sq. kilometres of mineral claims in south-west Nevada USA, is pleased to provide the second update from the Company's 2014 field progamme on the Golconda Thrust Group, containing the four claim groups: TUN Group, EM Group, RH Group and JS Group.

 

The GWM field team carried out geological mapping, soil and rock chip sampling on three of the claim groups: TUN, EM and JS, accompanied by the Company's independent consulting geologist, Donald G Strachan.

 

The TUN Group (M6) is approximately 7 miles south-west of the Company's Target 4 (M4-T4) copper prospect, for which GWM recently announced the submission of a drilling permit application to the United States Forestry Service (USFS).

 

The M6 prospect appears to be a parallel system of multiple, oxide and sulphide, gold-silver veins and veinlet stockworks. Relatively small tonnages of supergene, multi-ounce, high-grade, bonanza-style ores were mined in the past at M6. Potential remains for moderate-sized deposits of shallow, oxidized stockworks and veins and deeper sulphide ores in the immediate vicinity of the historic M6 workings.

 

Multiple veins occur along a northeasterly strike for 500 feet, and extend to a width of 60 feet. Streaks of oxidized chalcopyrite-pyrite-galena were noted in several samples taken along 200 feet of the strike. Gold in three samples varied from 4,147 ppb (note 1) Au to 9,839 ppb Au. Silver varied from 337 ppm (note 2) Ag to 757 ppm Ag. Lead varied from 1,340 ppm Pb to greater than 10,000 ppm Pb. Arsenic (As) and Antimony (Sb) was also strongly anomalous.

 

Alteration and structure associated with this mineralisation persists in outcrop for 700 feet to the southwest and 300 feet northeast of the workings. The width of the mineralised, multi-vein, northeasterly structure approaches 75 feet. M6 has the potential to be an underground and much larger open-pit prospect.

 

GWM will follow up these results with more detailed surface mapping, and a soil grid and rock chip geochemical programme. The Company looks forward to updating shareholders with further developments as they are achieved.

 

Chief Executive, David Fraser commented:

"This is more very encouraging news from our 2014 field programme. Whilst Great Western Mining's primary focus remains on the bulk tonnage copper potential of the Marietta District, the Company is very pleased to have the gold and silver prospects of the TUN and JS groups in its portfolio of assets. GWM looks forward to updating shareholders on the EM Group, where work was also carried out this summer, and the further field work planned for the 4th quarter of this year."

 

note 1= parts per billion.

note 2= parts per million

 

Conversion g/t:

 

1 ppb = 0.001 g/t

1 ppm= 1 g/t

 

Ends

Enquiries:

 

Great Western Mining Corp Plc

David Fraser, Chief Executive

+44 207 933 8795

Davy (Nomad, ESM Adviser & Joint Broker)

John Frain

Roland French

+353 1 679 6363 

john.frain@davy.ie

roland.french@davy.ie

Hume Capital Securities plc (Joint Broker)

Jon Belliss

Abigail Wayne

+44 203 693 1470

 

Walbrook (UK PR and IR)

Paul Cornelius

Guy McDougall

+44 207 933 8795

greatwesternmining@walbrookpr.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLJMPTMBTTBBI
Date   Source Headline
25th Jun 20247:00 amRNS£500,000 Placing of New Ordinary Shares
24th Jun 20247:00 amRNSWest Huntoon Survey Results
11th Jun 20241:30 pmRNSEnvironmental Permit
5th Jun 20242:00 pmRNSResult of AGM
9th May 20247:05 amRNSNotice of AGM
9th May 20247:00 amRNSFinal Results
18th Apr 20247:00 amRNSOlympic Gold Project Acquisition
11th Apr 20243:24 pmRNSHolding(s) in Company
11th Apr 20247:00 amRNSGeophysical Survey at West Huntoon and M5
4th Apr 20242:34 pmRNSHolding(s) in Company
27th Mar 20247:00 amRNSRhyolite Dome Epithermal Gold Target
20th Mar 20244:04 pmRNSHolding(s) in Company
11th Mar 20247:00 amRNS£700,500 Subscription
20th Feb 20244:31 pmRNSHolding(s) in Company
1st Feb 202410:44 amRNSHolding(s) in Company
31st Jan 20241:05 pmRNSHolding(s) in Company
30th Jan 20247:00 amRNSPositive Soil and Grab Results at West Huntoon
23rd Jan 20247:00 amRNSHuntoon Mine Area Cooperation Agreement
12th Jan 20247:00 amRNSHolding(s) in Company
12th Jan 20247:00 amRNSHolding(s) in Company
10th Jan 20247:00 amRNSMill Site Update
14th Dec 20237:00 amRNSExtended Gold Zone at M5
16th Nov 20237:00 amRNSCopper Potential Materially Upgraded
14th Nov 20237:00 amRNSMill Site Progress & 121 Mining Investment Forum
18th Oct 20233:24 pmRNSTotal Voting Rights
13th Oct 202312:00 pmRNSHolding(s) in Company
27th Sep 20237:00 amRNSHalf-year Report
12th Sep 20237:00 amRNSMill Site Progress
22nd Aug 20237:00 amRNSMill Construction Update
8th Aug 20231:50 pmRNSHolding(s) in Company
8th Aug 20231:48 pmRNSHolding(s) in Company
26th Jul 20237:00 amRNSPlacing of New Ordinary Shares
10th Jul 20237:00 amRNSExploration Update
5th Jul 20232:37 pmRNSHolding(s) in Company
13th Jun 202312:00 pmRNSResult of AGM
12th Jun 20237:48 amRNSUpdated dial-in details for AGM
6th Jun 20237:00 amRNSGold & Silver Processing Update
19th May 20237:00 amRNSNotice of AGM
18th May 20237:00 amRNSFinal Results
30th Mar 20237:00 amRNSOperational Update
27th Feb 20233:30 pmRNSHolding(s) in Company
24th Feb 20232:05 pmRNSSecond Price Monitoring Extn
24th Feb 20232:00 pmRNSPrice Monitoring Extension
17th Feb 20232:05 pmRNSSecond Price Monitoring Extn
17th Feb 20232:00 pmRNSPrice Monitoring Extension
15th Feb 20233:00 pmRNSHolding(s) in Company
7th Feb 20237:00 amRNSOperations Update
30th Jan 20234:00 pmRNSGrant of Share Options
27th Jan 20234:15 pmRNSHolding(s) in Company
25th Jan 20233:00 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.