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Share Name Share Symbol Market Type Share ISIN Share Description
Great Western LSE:GWMO London Ordinary Share IE00B1FR8863 ORD EUR0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.40p 0.35p 0.45p 0.40p 0.40p 0.40p 598,129 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 0.0 - 2.71

Great Western Mining Corp. plc M4 Permit Application Update

14/02/2019 10:41am

UK Regulatory (RNS & others)


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RNS Number : 0328Q

Great Western Mining Corp. plc

14 February 2019

Great Western Mining Corporation PLC

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

M4 Permit Application Update

Great Western Mining (AIM: GWMO; Euronext Growth: 8GW) is pleased to announce that it has now received a formal "Letter of Acknowledgement" from the United States Forest Service ("USFS") regarding its 2019 drill permit application on the M4 Copper-Gold project in Mineral County, Nevada.

This is an important first stage in the application process. The USFS has accepted the environmental and cultural studies completed by GWM which were submitted as part of the application. Great Western Mining's Operations Director and permitting consultants met with the USFS representatives in December 2018 to agree a review process for outstanding issues and the application has now received a "Plan of Operations" reference number. Formal permit approval is anticipated in May 2019 as previously announced.

The Company is planning a drill programme of up to six holes to follow up on the excellent "discovery" intersect from M4_05 in 2018, where a large quartz-copper vein was hit at 106.2 metres. This intercept comprised 43 metres of 0.24% Cu, including 1.8 metres of 0.74% Cu from 121 metres. The breccia vein is open both along strike and down dip, following the trend of the limestone-sediment contact.

Chief Executive, David Fraser commented: "We are very pleased that the Company's good working relationship with the USFS has facilitated a fast track approval process. GWM's field team is ready to get back into the field to follow up on the exciting discovery at M4_05 which has confirmed the prospectivity of the M4 Copper-Gold project. The Company looks forward to updating shareholders as work progresses."

ENQUIRIES:

 
  Great Western Mining Corporation          +44 207 933 8795 (via Walbrook) 
    PLC 
    David Fraser, Chief Executive 
   Davy (Nomad, Euronext Growth Adviser 
    & Broker) 
    John Frain 
    Matthew De Vere White                    +353 1 679 6363 
                                             ---------------------------------- 
   Novum Securities Limited (Joint Broker) 
    Jon Belliss                              +44 207 399 9400 
                                             ---------------------------------- 
   Walbrook PR (UK PR and IR)                +44 207 933 8795 
    Paul Cornelius                            greatwesternmining@walbrookpr.com 
    Nick Rome 
                                             ---------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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February 14, 2019 05:41 ET (10:41 GMT)

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