Business
Mineral Resource Estimate
Mineral Resource Estimate.
About this update from Great Western Mining Corp. Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n GREAT WESTERN MINING CORPORATION PLC\n \n \n \n \n (\"Great Western\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Mineral Resource Estimate and Exploration Target\n \n \n \n \n Olympic and Mineral Jackpot Projects, Nevada, USA\n \n \n \n \n \n \n \n \n Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW), which is exploring and developing gold, silver and copper targets in Nevada, is pleased to announce the results of an independent initial Mineral Resource Estimate for the Olympic Gold Tailings project as well as Exploration Targets for stockpile and spoil material at the Olympic Gold Project and Mineral Jackpot Project, Nevada USA. All resources and exploration targets are reported in accordance with the JORC code (2012).\n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n ·\n \n Inferred Resource Estimate of 31,000 tonnes, grading 1.6 g/t Au and 3.0 g/t Ag in tailings at Olympic Mine.\n \n \n \n ·\n \n Exploration Target of 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.\n \n \n \n ·\n \n Exploration Target of 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.\n \n \n \n ·\n \n Exploration Target of 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.\n \n \n \n \n \n \n \n \n \n Note 1 -\n \n \n g/t = grams per metric tonne, equivalent to parts per million\n \n \n \n \n \n \n \n \n \n \n \n \n \n Great Western chairman Brian Hall commented:\n \"This independent assessment of the pre-mined material so far identified on our claim groups in Nevada strongly reinforces our confidence in being able to generate revenues from gold and silver through the Western Milling LLC joint venture recently announced. We will keep shareholders informed regularly as the mill development project progresses.\"\n \n \n \n \n \n \n OVERVIEW\n \n \n \n Below are the results of an independent Initial Mineral Resource Estimate ['MRE') for the Olympic Gold Tailing project together with Exploration Targets for stockpile and spoil material at the Olympic Gold Project and Mineral Jackpot group of claims, all reported in accord...