4th Jan 2021 21:17
Great Western Mining Corp PLC - mineral explorer with assets in Nevada - Pours first gold and silver at its Mineral Jackpot property in Mineral County, Nevada and produces an dore bar as a pilot exercise using material from test spoil heaps at the site.
Says the success of the trial proves the concept of being able to extract gold and silver from up to 12,000 tons of material available from 38 spoil heaps on the property.
Notes recent soil, rock and magnetometer surveys have doubled the known surface area of mineralisation and established previously unknown connectivity between the different mines, adding it plans to follow the veins with new drilling as soon as an appropriate rig suitable for use becomes available and weather conditions permit.
"With the knowledge we have gained from this pilot exercise, which is still ongoing, and with first results from laboratory analysis due this month, we will be able to plan for commercial exploitation of precious metals as well as commence a new drill programme. We are well funded for our current requirements," says Chair Brian Hall.
Current stock price: 0.23 pence
Year-to-date change: up 4.5%
By Ife Taiwo; [email protected]
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