18th Mar 2015 12:42
LONDON (Alliance News) - Great Western Mining Corporation PLC said Wednesday that it has been notified by the Bureau of Land Management that the reclamation work carried out on its M2 copper project in Nevada has been completed to the required performance standards.
As a result, 2.5 acres of disturbed ground has been rolled over for further exploration drilling purposes. Great Western said this disturbance permit will allow it to devise a phase 3 drilling programme to identify the core of the epithermal plume at the site, and extend the strike length of the 2014 inferred resource.
"We are very pleased that the BLM has recognised the high quality of GWM's reclamation work on M2 and allowed this disturbance rollover. The rollover negates the requirement for Great Western Mining to submit a costly and time consuming plan of operation to the BLM and enables it to develop a Phase 3 drilling programme," said Chief Executive David Fraser in a statement.
Shares in Great Western Mining are trading down 6.0% at 0.550 pence Wednesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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