Great Western Mining Corporation PLC’s share price (AIM:GWMO) was down today after the miner focused on gold, silver, and copper exploration in Nevada, USA, has provided an update on its Western Milling Joint Venture and exploration activities.
Key Highlights
Western Milling Joint Venture (50-50 JV)
- Pilot Production: Start-up scheduled after the Nevada State Inspector of Mines visit on 16 January 2025.
- Trial Run: Material to be processed through the mill post-inspection, with Great Western personnel on-site to oversee operations.
Copper Exploration
- Progress: Substantial advancements in 2024, identifying a large-scale porphyry potential around Huntoon Valley.
- Partnership: Pooling agreement with Bronco Creek Exploration to enhance the Eastside Mine claims.
- New Claims: Staked for tungsten potential, with an extensive exploration program planned for 2025.
Resource Overview
M2 Copper Resource (JORC Compliant):
- Resource Estimate: 4.3 million tonnes at 0.45% copper (19,000 tonnes of contained copper).
Olympic Gold Project:
- Inferred Tailings Resource:
- 31,000 tonnes at 1.6 g/t gold and 3.0 g/t silver.
- Exploration Targets:
- Substrate Beneath Tailings: 3,400-6,400 tonnes (0.5–1.2 g/t Au; 1.2–2.1 g/t Ag).
- Coarse Stockpile: 9,000-12,000 tonnes (0.9–2.4 g/t Au; 2.0–5.1 g/t Ag).
- Mineral Jackpot Spoil Heaps: 4,200-7,700 tonnes (40–140 g/t Ag; 0.3 g/t Au).
Strategic Notes
- Location Advantage: Nevada’s mining-friendly environment supports exploration and development.
- Operations: Claims are 100% owned, and activities include secondary recovery of precious metals from historic workings and tailings.
- Team: A compact in-house exploration team supported by local contractors.
Management Commentary
Brian Hall, Chairman, emphasized the company’s progress in building resources and forming strategic partnerships to maximize potential. The upcoming pilot production start represents a significant step forward in gold and silver recovery.
Contact Information
- Company: Brian Hall (Chairman) / Max Williams (Finance Director) – +44 207 933 8780
- NOMAD/Joint Broker: Davy – +353 1 679 6363
- PR Adviser: Walbrook PR – +44 207 933 8783
For more information, visit Great Western Mining Corporation.
Conclusion
Great Western Mining is poised for a pivotal 2025 with the commencement of milling operations and ambitious exploration plans. The company’s focus on building long-term resources and leveraging Nevada’s favorable mining climate highlights its growth potential.
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