Share Prices & Company Research

Market News

05 Aug 2019 | 13:17

Great Western Mining gets green light for more drilling in Nevada

Great Western Mining said it planned to drill two new exploration holes at its M2 permit in Nevada after gaining regulatory approval.

The company said the US Bureau of Land Management had approved a revision notice to the permit.

The new holes would target a deeply-buried zone within the host diorite rock, down-plunge from the current M2 oxide copper resource.

Drilling preparations were 'well in hand' and the field team was on site in July, working with contractors.

'We are very pleased to receive this permit approval from the BLM, further demonstrating the constructive relationships that we maintain with the authorities,' chief executive David Fraser said.

'The company is targeting a highly-prospective, deeply-buried zone within the host diorite rock, anticipated to be the source of the widespread copper and gold mineralisation found at and near surface at M2.'

'We will keep shareholders updated as work continues.'

At 1:17pm: (LON:GWMO) Great Western Mining Corporation PLC share price was 0p at 0.47p

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.