Business
New Yellow Peak Claims Staked
New Yellow Peak Claims Staked.
About this update from Great Western Mining Corp. Plc
[{"type":"text","content":"\n\n \nGREAT WESTERN MINING CORPORATION PLC\n(\"Great Western\", \"GWM\" or the \"Company\")\n \nNEW YELLOW PEAK CLAIMS STAKED\nEVIDENCE FOR PORPYHRY POTENTIAL\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, announces the staking of a new group of 20 claims at Yellow Peak in the northeastern end of the Little Huntoon Valley.\n \nHIGHLIGHTS\n \n· Twenty new claims staked at Yellow Peak close to and on trend with the Huntoon Copper Project.\n· Significant outcropping phyllic alteration identified which is a key indicator of porphyry-style mineralisation.\n· Highly evolved granite phase identified through fieldwork, previously unrecognised in the region and strengthening evidence for a large-scale magmatic-hydrothermal system.\n \nGreat Western Chairman Brian Hall commented: \"We are very pleased to have secured the rights to the Yellow Peak area which we believe will add significant value to the Huntoon Copper Project. The identification of previously unrecognised granites at Yellow Peak reinforces our belief that this region has the potential to host a substantial porphyry copper system and we will start work in earnest on these new claims, aiming to unlock value for shareholders. \n \nIn a complex and rapidly changing environment, domestic resources of copper in the U.S.A., already categorised as a critical metal, will become a more and more interesting commodity and we are well placed to move the Huntoon Copper Project forward. We will provide updates as exploration progresses.\"\n \nYELLOW PEAK\n \nTwenty new claims have been staked at Yellow Peak, situated close to the Company's established Huntoon Copper Project in Mineral County, Nevada. The decision to stake Yellow Peak was driven by the identification of extensive outcropping phyllic alteration, a recognised indicator of porphyry copper mineralisation, and the presence of a key highly evolved granite phase that has never previously been recorded in this region.\n \nThe phyllic alteration at Yellow Peak is characterised by quartz-sericite-pyrite assemblages across multiple exposures, indicative of high-level hydrotherma...