ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

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 (3804H)

14/11/2018 3:16pm

UK Regulatory


Great Western Mining (LSE:GWMO)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Great Western Mining Charts.

TIDMGWMO

RNS Number : 3804H

Great Western Mining Corp. plc

14 November 2018

Great Western Mining Corporation PLC

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

Operational Update

Great Western Mining (AIM: GWMO; ESM: 8GW) provides the following update on drilling operations in Mineral County, Nevada.

Since updating shareholders on 26 October the field team has been closely monitoring progress on hole M2-042 (M2 Copper Gold prospect in M2-Sharktooth zone) and the Company has now regretfully decided to suspend further drilling until next Spring. This is due to a forecast of imminent low temperatures in excess of -10˚ which will prohibit use of water essential to drilling operations. The prospectivity of the Sharktooth target is unchanged.

With the onset of more severe winter conditions M4 drilling has also now been suspended with six holes out of a nine-hole programme successfully completed. Management will submit a further drilling programme to the United States Forestry Service ("USFS") for recommencement of drilling in April next year. M4 assays are currently being carried out by Bureau Veritas and are awaited.

Chief Executive, David Fraser commented: "We made good progress on M4 and hope to be able to report initial results and analysis shortly. Despite best efforts by all concerned, difficult drilling conditions have prevented us from testing the prospectivity of the deep Diorite-hosted Copper-Gold target at M2 during the 2018 drilling season. We will recommence operations as early as possible next Spring, while the winter months will be used to evaluate progress so far in detail and to refine future drilling plans under the supervision of our recently appointed Chief Geologist."

ENQUIRIES:

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

END

UPDEASFLFFLPFFF

(END) Dow Jones Newswires

November 14, 2018 10:16 ET (15:16 GMT)

1 Year Great Western Mining Chart

1 Year Great Western Mining Chart

1 Month Great Western Mining Chart

1 Month Great Western Mining Chart

Your Recent History

Delayed Upgrade Clock