TIDMGWMO
RNS Number : 1648Z
Great Western Mining Corp. plc
10 January 2024
GREAT WESTERN MINING CORPORATION PLC
("Great Western", "GWM" or the "Company")
MILL SITE UPDATE
Great Western Mining Corporation PLC (AIM - GWMO, Euronext
Growth - 8GW), which is exploring and developing gold, silver and
copper targets in Nevada, provides the following progress report on
its 50% owned process mill in Mineral County, Nevada.
-- Construction of mill site complete
-- All process plant on site for gravity separation with generator in place
-- Permit granted by regulator for moving material to site from remote locations
-- Commissioning and start-up of mill operations waiting on environmental permit
-- Application for stage-2 leaching process to be submitted
following approval of permit for gravity separation
Construction of the mill for producing precious metal
concentrates from mining waste and ore through gravity separation
was completed shortly prior to the end of the year with all process
equipment on site. The mill is owned and operated by Western
Milling LLC, a 50-50 joint venture between Great Western and local
contractor Muletown Enterprizes LLC.
A generator has been installed on site for powering the plant
which will be replaced in due course by three-phase power from the
local utility company.
The Federal Bureau of Land Management ('BLM') has now granted a
permit for collecting material from mine locations and delivery to
the mill site. Initially the mill will process approximately 35
tonnes per day and has the capacity to be expanded at minimal cost
to 200 tonnes/day, once operating parameters have been
established.
Commissioning and start-up are dependent on the grant of an
operating permit from NDEP (Nevada Department of Environmental
Protection), timing of which is outside the joint venture's
control. To the best of the Company's knowledge, all environmental
guidelines have been rigorously observed and in some cases
exceeded, the joint venture not being aware of any outstanding
issues beyond pressure of work at the environmental agency. NDEP
has advised the joint venture that completion of the application
has high priority.
Please use the following link to access a gallery of mill
photographs and click on an individual photo for a description:
https://www.greatwesternmining.com/priorities/reprocessing/
Great Western Chairman Brian Hall commented: "Western Milling
has achieved its objective of completing construction of the
process mill by the end of 2023, within 12 months of project
start-up. The joint venture is ready to commission the plant and
start operations as soon as the environmental permit has been
issued. "
For further information:
Great Western Mining Corporation PLC
Brian Hall, Chairman +44 207 933 8780
Max Williams, Finance Director +44 207 933 8780
Davy (NOMAD, Euronext Growth Listing
Sponsor & Joint Broker)
Brian Garrahy +353 1 679 6363
SP Angel Corporate Finance LLP (Joint
Broker)
Ewan Leggat/Harry Davies-Ball +44 203 470 0470
Walbrook PR (PR advisers)
Nick Rome +44 207 933 8783
Notes to Editors
The Company has a large tract of acreage in Mineral County,
Nevada. The acreage partly consists of rugged, mountainous terrain,
large parts of which remain under-explored. Mineral potential is
hosted by the regional Walker Lane Structural Belt, the largest
structural and metallogenic belt in Nevada, yet one of the least
explored in recent times, with gold, silver and copper currently
produced in Mineral County. Great Western has seven distinct
concession areas which offer the potential for exploiting (1) short
term gold and silver deposits and (2) long-term, world-class copper
deposits.
Six of the Company's properties are in the west of Mineral
County and are 100% owned and operated. The Company has an option
to acquire a seventh property, the Olympic Gold Project, in the
east of the county. Great Western's small exploration team is
supported by locally based consultants and contractors.
The state of Nevada was rated the world's most mining friendly
jurisdictions by the Fraser Institute of Canada in 2023. While
tightly regulated and environmentally conscious, Nevada welcomes
the mining industry. Great Western takes care to ensure that its
claims are maintained in good standing and all regulations
observed.
There are numerous gold and silver prospects on the Company's
acreage, including extensive historic mine workings which offer the
opportunity for secondary recovery. As well as mineral exploration
and appraisal, he Company is a 50% participant in the Western
Milling LLC joint venture which has now completed construction of a
mill to process pre-mined material for secondary recovery of gold
and silver. The mill is currently waiting on a state environmental
permit to enable commissioning and first production of precious
metal concentrates.
Through extensive drilling over a five-year period, GWM has
established a Mineral Resource on its M2 target area in the Black
Mountains group of claims. 4.3 million tonnes at 0.45% copper are
reported, being 19,000 tonnes of contained copper metal. This
resource has been independently reported in accordance with JORC
guidelines.
GWM has also established an Inferred Resource Estimate of 31,000
tonnes grading 1.6 g/t gold and 3.0 g/t silver in tailings
associated with the OMCO Mine at the Olympic Gold Project.
Additionally, exploration targets have been independently reported
as follows:
3,400 - 6,400 tonnes grading between 0.5 and 1.2 g/t Au and 1.2
and 2.1 g/t Ag in the substrate beneath the tailings volume at the
Olympic Mine.
-- 9,000 - 12,000 tonnes grading between 0.9 and 2.4 g/t Au and
2.0 and 5.1 g/t Ag in a coarse stockpile at Olympic Mine.
-- 4,200 - 7,700 tonnes grading between 40 and 140 g/t Ag and
0.3 and 0.3 g/t Au in spoil heaps at Mineral Jackpot.
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END
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