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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% | 0.0395 | 0.039 | 0.04 | 0.0395 | 0.0395 | 0.0395 | 3,743 | 08:00:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Metal Mining Services | 0 | -792k | -0.0002 | -2.00 | 1.43M |
TIDMGWMO
RNS Number : 9195H
Great Western Mining Corp. plc
05 August 2019
Great Western Mining Corporation PLC
("Great Western Mining", "GWM" or the "Company")
M2 Permitting Update
Great Western Mining (AIM: GWMO; Euronext Growth: 8GW) announces that the United States Bureau of Land Management ("BLM") has now approved a revision notice to its M2 permit.
With this approval secured, GWM plans to drill a further two holes to target a deeply buried zone within the host diorite rock, down-plunge from the current M2 oxide copper resource. The target is a magnetic anomaly identified by a previous Induced Polarisation/Resistivity ("IP/RES") survey carried out over M2.
Drilling preparations are well in hand and the field team was on site in July, working with contractors. The programme can now be accelerated, with commencement of drilling scheduled for September.
Chief Executive, David Fraser commented: "We are very pleased to receive this permit approval from the BLM, further demonstrating the constructive relationships that we maintain with the authorities. The Company is targeting a highly-prospective, deeply-buried zone within the host diorite rock, anticipated to be the source of the widespread copper and gold mineralisation found at and near surface at M2. We will keep shareholders updated as work continues."
ENQUIRIES:
Great Western Mining Corporation PLC +44 207 933 David Fraser, Chief Executive 8795 (via Walbrook) Davy (Nomad, Euronext Growth Adviser & Joint Broker) +353 1 679 John Frain 6363 Novum Securities Limited (Joint Broker) +44 207 399 Jon Belliss 9400 Walbrook PR (UK PR and IR) +44 207 933 Paul Cornelius 8795 Nick Rome greatwesternmining@walbrookpr.com
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
MSCUVAARKVAWRAR
(END) Dow Jones Newswires
August 05, 2019 07:18 ET (11:18 GMT)
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