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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Great Western Mining Corporation Plc | LSE:GWMO | London | Ordinary Share | IE00B1FR8863 | ORD EUR0.0001 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0465 | 0.045 | 0.048 | 0.0465 | 0.0465 | 0.0465 | 22,075 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Metal Mining Services | 0 | -792k | -0.0002 | -2.50 | 1.79M |
From Apr 2019 to Apr 2024
TIDMGWMO
RNS Number : 7511Y
Great Western Mining Corp. plc
11 September 2015
Great Western Mining Corporation PLC
("Great Western Mining", "GWM" or the "Company")
JS Group ("M5") Update
Great Western Mining, the AIM (AIM: GWMO) and ESM quoted mineral exploration company is pleased to provide the following update on its M5 prospect.
In 2014 four samples taken along the northeasterly crest of the central ridge at M5 produced anomalous assay results, suggesting Carlin-style disseminated gold mineralisation. During March and June of this year the GWM field team, and the Company's independent consulting geologist, Donald G Strachan, carried out further site visits to M5. A further 17 closely-spaced soil samples and one additional rock chip sample were taken.
After compiling and comparing the assay results from the five selected rock chip samples and the 17 regularly-spaced soil samples, reconnaissance-level geology and geochemistry suggest epithermal or Carlin-style disseminated gold at M5, which is consistent with previously announced results in September 2014. In addition, the projected size and scale of the M5 alteration and mineralisation beneath the post-mineral volcanics is extensive and approaching 10-square kilometres. With further mapping and geochemistry, M5 has the potential to develop into one or more very attractive drill targets.
Chief Executive, David Fraser commented:
"This is good news. GWM's follow up work has confirmed that M5 has the potential to be a very large Carlin-style gold prospect. The Company now plans to follow up these results with a detailed soil grid and rock chip geochemical programme. We look forward to updating shareholders as work continues."
ENQUIRIES:
Great Western +44 207 933 8795 (via Walbrook) Mining Corporation Plc David Fraser, Chief Executive Davy (Nomad, +353 1 679 6363 ESM Adviser john.frain@davy.ie & Joint Broker) roland.french@davy.ie John Frain Roland French Beaufort Securities Ltd (Joint Broker) Jon Belliss Elliot Hance +44 207 382 8300 Walbrook (UK +44 207 933 8795 PR and IR) Paul Cornelius greatwesternmining@walbrookpr.com Guy McDougall
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 11, 2015 02:00 ET (06:00 GMT)
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