Business
M1 Update
M1 Update.
About this update from Great Western Mining Corp. Plc
[{"type":"text","content":"\n \nRNS Number : 2826X Great Western Mining Corp. plc 23 November 2017 \n\nGreat Western Mining Corporation PLC\n \n(\"Great Western Mining\", \"GWM\" or the \"Company\")\n \nM1 Update\n \nGreat Western Mining (AIM: GWMO) is pleased to provide the following update on its M1 Copper-Gold prospect and other operations in Mineral County, Nevada, USA. \n \nThe M1 prospect consists of 164 full and 12 fractional claims covering approximately 15km². In 2016 the Company entered into a Cooperation Agreement with Crown Point Gold & Silver LLC (\"Crown Point\") for the exploration of 34 of these claims. As part of a drilling programme this summer GWM paid for two diamond core drill-holes, 100 metres apart, to explore an area of anomalous gold mineralisation straddling the border of the Company's property with Crown Point's. Ground conditions made core recovery difficult, and in some places the core was fractured. Anomalous gold intersects were found in both holes.\n \nThe table below provides a summary of gold intersects. \n \nTable 1-Gold Intersects \n\n\n\n\nHole\n\n\nFrom (metres)\n\n\nTo \n(metres)\n\n\nInterval (metres)\n\n\nGold Grade (ppb)\n\n\n\n\nNo.1\n\n\n67.7\n\n\n70.4\n\n\n2.7\n\n\n1528\n\n\n\n\nNo.1\n\n\n75.9\n\n\n79.00\n\n\n3.1\n\n\n1187\n\n\n\n\nNo.2\n\n\n111.3\n\n\n112.8\n\n\n1.5\n\n\n 464\n\n\n\n\nNo.2\n\n\n146.3\n\n\n147.8\n\n\n1.5\n\n\n 556\n\n\n\n\nNo.2\n\n\n172.2\n\n\n173.7\n\n\n1.5\n\n\n 483\n\n\n\n\n \nAnomalous copper intersects were found in both holes. Hole 2 had four separate intersects of greater than 0.11% Cu, while Hole 1 had a high copper intersect of 0.62% Cu.\n \nThe table below provides a summary of copper intersects.\n \nTable 2-Copper Intersects\n\n\n\n\nHole\n\n\nFrom (metres)\n\n\nTo\n(metres)\n\n\nInterval (metres)\n\n\nCopper Grade (ppm)\n\n\n\n\nNo.1\n\n\n12.00\n\n\n13.6\n\n\n1.6\n\n\n6156\n\n\n\n\nNo.2\n\n\n111.3\n\n\n112.8\n\n\n1.5\n\n\n1127\n\n\n\n\nNo.2\n\n\n118.9\n\n\n120.4\n\n\n1.5\n\n\n1595\n\n\n\n\nNo.2\n\n\n146.3\n\n\n147.8\n\n\n1.5\n\n\n1160\n\n\n\n\nNo.2\n\n\n172.2\n\n\n173.7\n\n\n1.5\n\n\n1136\n\n\n\n\n \nThe copper indications are very encouraging as these holes are located over 1,500 metres from the copper ox...