Great Western Mining Corporation PLC provides the following update on its operations in Mineral County, Nevada.
MINERAL PROCESSING JOINT VENTURE
The Company’s processing joint venture project is making good progress. A project manager has been appointed and the first stage design of a processing mill for secondary recovery of gold and silver from mining waste is now complete and will shortly be reviewed by an independent engineer prior to formal sign-off. The initial phase of the project will consist of gravity separation, followed by a contained leaching operation for tailings. Independent certification of the design and formalisation of the processing joint venture agreement are expected in the coming weeks, following which a detailed application to construct and operate the mill will be submitted to the state of Nevada. The mill and associated facilities will have sufficient capacity to accommodate all known mining waste on claims held by the joint venture partners, with excess capacity to handle any additional material acquired from third parties in the area.
- Great Western Mining provided a status report on its Nevada projects, including plans to reprocess old mine waste and its recent drilling activities totalling 2,798m over 24 holes.
- The appointment of a project manager has been completed and plans for the reprocessing of old precious metals bearing mine waste have been made.
- After an independent review of and certification of the design, the company plans to apply to the State authorities to construct and operate the mill.
- Great Western Mining has confirmed that the “mill” and the associated facilities will be able to store all known mining wastes on joint venture partners’ claims. There will also be sufficient capacity to handle any material obtained from third parties in this area.
- David Hall, Chairman of the Board, expressed frustration over delays in receiving assay results from the drilling but stated that “Results will start arriving in September” and would be announced when they are available.
- However, Mr Hall commented that the ” drilling program was executed effectively, on time and within budget with encouraging signs for mineralisation “.
- The results will inform future exploration plans.
- The company confirms that a “land rehabilitation programme covering the Rock House, Black Mountain, and Olympic Gold Project” was completed in August. It also explains that “There is a strict limit on the amount of ground that can be disturbed at one time for exploration. By restoring drill sites back to their original condition, Great Western fulfils its obligations under surface management regulations while releasing potential acreage from a 2023 drilling program”.
ASSAY RESULTS FOR 2022 DRILL PROGRAMME
Great Western has this summer completed a programme of twenty-four holes totalling 2,798 metres drilled depth over four separate prospects and has lodged cuttings at two separate laboratories for assay and certification. Results are expected to start arriving in September and will be announced when available. The Company’s next phase of exploration and development will be planned around these results.
COMPLETION OF RECLAMATION PROGRAMME
A land reclamation programme covering the Rock House group, the Black Mountain group and the Olympic Gold Project was completed in August. There are strict limits on how much ground may be disturbed at any one time for exploration and, by restoring drill sites to their original condition, Great Western is fulfilling its obligations under surface management regulations while freeing up potential acreage for a 2023 drilling programme.
Upon official acceptance of the reclamation works, cash-backed bonds lodged by the Company against future performance may either be reclaimed in cash or applied as surety against future exploration.
Great Western Chairman Brian Hall commented: “Our drilling programme was conducted effectively, on time and under budget with encouraging signs of mineralisation so we share investors’ frustration at the delays in securing assay results, which appears to be an industry-wide problem in the area. We will announce the assay results as soon as available and in the meantime we are making good progress on the processing joint venture. We anticipate a busy and productive remainder of the year and will keep shareholders updated.”
For further information:
Great Western Mining Corporation PLC
Brian Hall, Chairman
+44 207 933 8780
Max Williams, Finance Director
+44 207 933 8780
