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GWMO Great Western Mining Corporation Plc

0.0465
0.001 (2.20%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.001 2.20% 0.0465 0.046 0.047 0.0465 0.0455 0.0455 20,762,231 16:19:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services 0 -792k -0.0002 -2.50 1.79M

Great Western Mining Corp. plc Operational Update (2685C)

18/01/2018 11:01am

UK Regulatory


Great Western Mining (LSE:GWMO)
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RNS Number : 2685C

Great Western Mining Corp. plc

18 January 2018

Great Western Mining Corporation PLC

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

Operational Update

Great Western Mining (AIM: GWMO), the copper gold and silver exploration company with targets in Mineral County, Nevada, announces that its 2018 drilling programme has now commenced.

The Company's operating team is already at its base in Marietta and the O'Keefe Drilling team is on site. The initial programme has been designed to minimise use of water in the early stages, as the supply of water at this time of year is restricted by extremely low temperatures which can fall to -18˚ Celsius.

The Company will initially commence infill drilling at the logistically simpler M2 target and, upon completion, move to M4 (Target 4) where approximately 60% of the drilling programme has already been completed as part of last year's programme.

Additionally, Sharktooth drilling is expected to commence in the first quarter of this year, for which Great Western Mining has already contracted an additional diamond core drilling rig.

By bringing forward the programme and prioritising M2 during the winter months, the Company should be in a position to report the results of M2 ahead of the M4 (Target 4) results.

Chief Executive, David Fraser commented: "We are making good progress with the 2017/18 drill programme, despite a difficult operating environment in the Huntoon Valley, and are confident that our efforts will bear fruit. We will continue to keep shareholders updated."

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

ENQUIRIES:

 
 Great Western Mining      +44 207 933 8795 (via Walbrook) 
  Corporation PLC 
  David Fraser, Chief 
  Executive 
 Davy (Nomad, ESM 
  Adviser & Joint 
  Broker) 
  John Frain               +353 1 679 6363 
 
   Beaufort Securities 
   Ltd (Joint Broker) 
   Jon Belliss 
   Elliot Hance              +44 207 382 8300 
 Walbrook PR (UK           +44 207 933 8795 
  PR and IR)                greatwesternmining@walbrookpr.com 
  Paul Cornelius 
  Nick Rome 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

UPDGGUUUGUPRGGR

(END) Dow Jones Newswires

January 18, 2018 06:01 ET (11:01 GMT)

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