Business
Copper Agreement at Eastside Mine
Copper Agreement at Eastside Mine.
About this update from Great Western Mining Corp. Plc
[{"type":"text","content":"\n\nGREAT WESTERN MINING CORPORATION PLC\n(\"Great Western\", \"GWM\" or the \"Company\")\n \nCOPPER AGREEMENT AT EASTSIDE MINE\n \nGreat 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, is pleased to announce that it has entered into a pooling agreement (the \"Agreement\") with Bronco Creek Exploration, Inc. (\"Bronco Creek\") for developing copper potential in and around the Company's Eastside Mine group of claims in Mineral County, Nevada.\n \nThe Eastside Mine group is located approximately 11 miles to the southeast of Great Western's current focus of copper exploration activity in the Huntoon Valley region. Bronco Creek's 'Tango Project' adjoins Great Western's holdings at Eastside Mine (together the \"Pooled Project\"). The Agreement pools the respective projects for the purpose of consolidating a primary porphyry target. Bronco Creek will serve as the operator of the Pooled Project, with the intention of advancing the target concept and with the ultimate goal of including the Pooled Project in an exploration and option agreement with a future partner to fund exploration and development. \n \nBenefits and liabilities will be shared by the parties to the Agreement 30% Great Western / 70% Bronco Creek, being approximately the ratio of the claims held by each party. No formal joint venture is created by the Agreement and each party will continue to own its own claims. \n \nIn addition to the copper bearing prospects, Great Western and Bronco Creek have identified intense quartz-sericite-pyrite \"QSP\" alteration, which is indicative of the high levels of a porphyry copper system over a significant area of the Pooled claims. Furthermore, the targeted porphyry system appears to extend beneath post-mineral cover, adding additional exploration upside to the Pooled Project.\n \nBronco Creek is a division of EMX Royalty Corporation which has a large and active portfolio of mining operations and investments, in north America and around the world.\n \nGreat Western Executive Chairman Brian Hall commented: \"We are very pleased to be working with Bronco Creek on this project. We have long considered Eastside Mine ...