Business
Gold & Silver Processing Update
Gold & Silver Processing Update.
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 \nGold & Silver Processing Update\n \nGreat Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW), which is exploring and developing multiple early-stage gold, silver and copper targets in Nevada, USA, is pleased to provide an update on its Western Milling gold and silver processing project.\n \nHighlights\n \n· Concrete work ongoing. Process equipment at location\n· Special Use Permit now granted with NDEP approval expected August 2023\n· Guidance on plant capacity and anticipated recoveries\n· Independent calculations of material available for processing\n· First revenues expected this year\n \nBackground\n \nIn 2022 Great Western formed Western Milling LLC, a 50-50 joint venture ('JV') with Nevada-based mining contractor Muletown Enterprizes to construct a mill for processing precious metals. Great Western's claims in the Walker Lane Trend of Nevada are not only prospective for gold and silver but also have large volumes of spoil and other material from historic mines, particularly at the Mineral Jackpot and Olympic Gold properties, which are available for processing into precious metals through this mill. The material consists of tailings, multiple spoil heaps and a stockpile of mined material which has never previously been processed, independently evaluated. Further material is widely dispersed over Great Western's 60km² of claims and has yet to be assessed, while the JV may also buy in material from third parties. Phase one of the project consists of gravity separation and phase two will use contained chemical leaching for further recovery. The mill is currently under construction and is due to be producing gold and silver concentrates this year.\n \nJoint Venture\n \nUnder the JV agreement, Muletown is providing a mill site on private land, a large inventory of plant and equipment and supervision of construction. Great Western is financing the construction and commissioning of the mill and has the funds available to meet this commitment.\n \nThe mill site is located adjacent to a major north-south highway close to the settlement of Mina, Mi...