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26 Oct 2018 | 13:58

Great Western Mining drilling delayed in Nevada

Great Western Mining said technical problems and cold weather meant it might have to delay completion of drilling at a copper and gold prospect in Nevada until March.

The current M2-042 hole at the M2-Sharktooth zone had been cased to avoid the the possibility of highly-fractured caprock collapsing into the drill hole.

Drilling had been slower than expected as 'numerous problems' were overcome and the onset of sub-zero temperatures had began to restrict water pumping at night, restricting drilling to daylight hours.

'The field team is now in a race against time to reach the primary objective before the full onset of winter, which may be successful but could also result in the need to suspend further drilling until March next year,' Great Western said.

'The company will provide shareholders with a further update as soon as more hard information is available.'

The protective case was currently at 737 feet and the drill bit at 830 feet.

At 1:58pm: (LON:GWMO) Great Western Mining Corporation PLC share price was -0.23p at 0.33p

Story provided by StockMarketWire.com
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