Great Western Mining Corporation PLC (AIM – GWMO, Euronext Growth – 8GW) is pleased to announce final assay results from its recent drilling program in the CPSO mine domain of Olympic Gold Project in Mineral County, Nevada.


CPSO mine intercepted vein

Extension to CPSO mine now established

Gold recorded over an interval of 6.1 meters, including a best interception of 8.1 grams/tonne over 1.5 meters

The extension of the vein is open to the southeast, adjacent to the old workings, and will be explored further

Assay results from a coarse stock at OMCO will support an independent resource estimate

Chairman of the Great Western Brian Hall commented: “During the 2021 and 2022 summer working seasons, we have drilled a number of holes near the abandonment CPSO mine which returned high gold grades for several decades until the 1940s. At hole 15, drilled this summer, assay results tell us that we have now intercepted an extension of the OMCO vein itself, one of our main objectives, encountering vein material beyond the known limits of the old workings. Significantly, the trend is open to the southeast in an unexplored area adjacent to the old workings. This is a very exciting result that will allow us to target the asset’s potential. In parallel, we have drilled and evaluated tailings and previously mined material for our processing joint venture and have commissioned a UK consulting firm to report. ‘


A stock of material previously exploited at the Olympic Gold Project has been selected for processing as part of the Company’s planned joint venture milling operation, in addition to the tailings at OMCO and the cuttings piles at Mineral Jackpot, already identified. an independent UKA consulting firm has been engaged to prepare a report on these volumes of coarse material as well as the substantial tailings at the CPSO mine. The results reported here include four small vertical holes that were drilled this summer into the mineralized coarse stockpile at the mine site, being material produced when the CPSO mine was still active, but never treated. A bulk sample was taken from each of these holes to provide one sample per hole. Results from these four samples ranged from 0.219 to 1.113 g/t gold and are presented in Table 2 below and are used in support of the current independent resource estimation process.

Competent Person Statement: The information in this announcement regarding exploration results is based on information reviewed by Dr. James Blight MGeol PhD MAusIMM (CP) who is the Exploration Manager of Great Western Mining PLC. Dr. Blight has the required experience relevant to the style of mineralization and type of deposit under consideration, and to the activity they are undertaking, to qualify as a ‘competent person’ as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results”, Mineral Resources and Ore Reserves”. Dr. Blight is also a “Qualified Person” as defined in the “Note for Mining, Oil and Gas Companies” which forms part of the AIM Rules for Companies. Dr. Blight has reviewed and consented to the inclusion in the announcement of the information in the form and context in which it appears.


Great Western Mining Corporation PLC

Brian Hall


Such. : +44 207 933 8780

Maxime Williams

Finance director

Such. : +44 207 933 8780



Euronext Growth Listing Sponsor & Joint Broker

Brian Garrahy

Such. : +353 1 679 6363

Novum Securities

joint broker

Jon Bellissi

Such. : +44 207 399 9400

PR Walbrook

Public Relations Advisors

Nick Roma

Joe Walker

Such. : +44 207 933 8783

The Company has a significant acreage position in Mineral County, Nevada. The region consists of rugged and mountainous terrain, which means that large parts of it remain underexplored. Mineral potential is hosted by the regional Walker Lane structural belt, the largest structural and metallogenic belt Nevadayet one of the least explored in recent times, with gold, silver and copper currently being produced in mineral county. Great Western has seven distinct concession areas that offer the potential to exploit (1) near-term gold and silver deposits and (2) long-term world-class copper deposits. Six of the Company’s properties are located west of mineral county and are 100% owned and operated. The Company has the option to acquire a seventh property, the Olympic Gold Project, east of the department. Great Western’s small exploration team is supported by local consultants and contractors. The state of Nevada is generally considered to be one of the most mining-friendly jurisdictions in the world. Although strictly regulated and environmentally conscious, Nevada welcomes the mining industry. Great Western ensures that its claims are kept in good standing and that all regulations are complied with. There are numerous gold and silver prospects on the company’s acreage, including extensive historical mine workings which offer the possibility of secondary recovery. Additionally, through extensive drilling over a five-year period, GWM has established a Mineral Resource on its first target area known as M2 of 4.3 million tonnes at 0.45% copper for 19 000 tons of metallic copper contained. This resource has been independently reported in accordance with JORC guidelines.


Comments are closed.