Zak spoke to Brian Hall, Executive Chairman, Great Western Mining Corporation PLC (AIM – GWMO, Euronext Growth – 8GW) about the recent company update, mill construction, 2023 work season, and drilling programme.
Brian Hall, Executive Chairman commented: “In-depth work over recent months has made our copper potential look ever more interesting and we are actively seeking a development partner for M2. Once we have completed our studies of the Huntoon Valley and the Eastside Mine copper prospects, we will report on these as well.
Great Western’s near, medium and longer-term objectives remain (1) completing the mill facility and bringing it on to production (2) continuing the search for precious metals and pinning down a discovery for development and (3) ensuring that the potential upside of the Company’s copper prospects is maximised.
Importantly, once the mill is producing we will become a revenue and cash-generating business and we look forward to keeping shareholders informed on progress.”
2023 WORK SEASON
Great Western’s team is now in Mineral County, Nevada, preparing for the start of drilling operations and the 2023 exploration programme. The team is being strengthened by the addition of a new full-time geologist, a US citizen who will be permanently based in Mineral County.
First drilling will be on the OMCO Mine prospect at the Olympic Gold project, to follow up the 2022 discovery of an extension to the previously mined OMCO vein, expected to commence in April when weather and ground conditions permit.
MILL CONSTRUCTION
It is now several weeks since groundwork was completed at the site of the Company’s 50%-owned milling joint venture in Mina, Nevada and the next stage is currently waiting on suitable weather conditions for pouring concrete, due to a recurrence of severe weather conditions this month.
As previously announced, all permit applications have been filed with the authorities and approval is awaited, timing of which is outside the Company’s control. Virtually all equipment needed for the assembly of the plant is now available and there are unlikely to be significant delays in the overall programme as a consequence of the extended winter.
