GREAT WESTERN MINING CORPORATION
PLC
("Great Western", "GWM" or the
"Company")
ENVIRONMENTAL PERMIT EFFECTIVE FROM
TODAY
Great Western Mining Corporation PLC (AIM -
GWMO, Euronext Growth - 8GW), which is exploring
and developing gold, silver and copper targets in the Walker Lane
belt of Nevada, USA, announces that an environmental permit
recently granted to the Company's 50% owned affiliate, Western
Milling LLC, becomes effective today, 31st. July
2024.
This permit has been granted by NDEP (The
Nevada Division of Environmental Protection) and is the final step
in allowing gravity operations to commence at Western Milling's
site in Sodaville, Nevada.
NDEP's primary objective in granting this
permit is to ensure no contamination of the water table and Western
Milling has taken great care to plan and construct the mill site so
that it meets and exceeds the minimum requirements for this phase 1
gravity separation plant. The mill site, as constructed, has
also been engineered to take account of a potentially more
hazardous second phase which will involve chemical leaching, for
which an application will shortly be filed in line with previously
announced plans.
No testing of any kind has been allowed until
the permit is in place. The site has been left open for
inspection pending the permit becoming effective. During a
final inspection of the site by NDEP, no significant issues were
identified and all the required parameters were found to have been
met. Hook up of the plant for initial operations can now
commence and the system tested prior to first
production.
Great Western and its partner will each be
contributing feedstock to the mill and Great Western is now setting
up bulk transportation arrangements.
Great Western
Chairman Brian Hall commented: "Long delays in reaching this point have been
mainly outside our control but we are very excited to have a green
light to go ahead and operate the plant. There is still a lot
to do and we and will report on the next stages."
For further
information:
Great Western Mining
Corporation PLC
|
|
Brian Hall,
Chairman
|
+44 207
933 8780
|
Max Williams, Finance
Director
|
+44 207
933 8780
|
|
|
Davy (NOMAD,
Euronext Growth Listing Sponsor & Joint
Broker)
Brian Garrahy
|
+353 1 679
6363
|
|
|
SP
Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat/Adam
Cowl
|
+44 203
470 0470
|
|
|
Walbrook PR (PR
advisers)
Nick
Rome
|
+44 207
933 8783
|
Notes to Editors
The Company has a large tract of
acreage in Mineral County, Nevada. The acreage partly consists of
rugged, mountainous terrain, large parts of which remain
under-explored. Mineral potential is hosted by the regional Walker
Lane Structural Belt, the largest structural and metallogenic belt
in Nevada, yet one of the least explored in recent times, with
gold, silver and copper currently produced in Mineral County.
Great Western has seven distinct concession areas which offer the
potential for exploiting (1) short term gold and silver deposits
and (2) long-term, world-class copper deposits.
The Company's properties are made of
seven groups of claims, all in Mineral County, Nevada and are 100%
owned and operated. Great Western's small exploration team is
supported by consultants and locally based
contractors.
The state of Nevada was rated the
world's most mining friendly jurisdiction by the Fraser Institute
of Canada in 2023. While tightly regulated and
environmentally conscious, Nevada welcomes the mining
industry. Great Western takes care to ensure that its claims
are maintained in good standing and all regulations
observed.
There are numerous gold and silver
prospects on the Company's acreage, including extensive historic
mine workings which offer the opportunity for secondary
recovery. As well as mineral exploration and appraisal, the
Company is a 50% participant in the Western Milling LLC joint
venture which has now completed construction of a mill to process
pre-mined material for secondary recovery of gold and
silver.
Through extensive drilling over a
five-year period, GWM has established a Mineral Resource on its M2
target area in the Black Mountains group of claims. 4.3
million tonnes at 0.45% copper are reported, being 19,000 tonnes of
contained copper metal. This resource has been independently
reported in accordance with JORC guidelines.
GWM has also established an Inferred
Resource Estimate of 31,000 tonnes grading 1.6 g/t gold and 3.0 g/t
silver in tailings associated with the OMCO Mine at the Olympic
Gold Project. Waste material also includes
exploration targets which have been independently reported as
follows:
·
3,400 - 6,400 tonnes grading between 0.5 and 1.2
g/t Au and 1.2 and 2.1 g/t Ag in the substrate beneath the tailings
volume at the Olympic Mine.
·
9,000 - 12,000 tonnes grading between 0.9 and 2.4
g/t Au and 2.0 and 5.1 g/t Ag in a coarse stockpile at Olympic
Mine.
·
4,200 - 7,700 tonnes grading between 40 and 140
g/t Ag and 0.3 and 0.3 g/t Au in spoil heaps at Mineral
Jackpot.