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Great Western Mining on target to prospect gold in Nevada
The Great Western Mining Corporation PLC (LON:GWMO) tells Proactive London about its successes in targeting gold prospects in Nevada, highlighting ‘positive initial indications’ from holes recently drilled at the Trafalgar Hill prospect area, which is part of the Olympic Gold project in Nevada.
Quick facts: Great Western Mining Corporation PLC
Price: 0.229 GBX
Proactive
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Proactive weekly mining round-up: Greatland Gold, Ironridge Resources, Bushveld Minerals.
A snapshot of some of the week s mining news and announcements
Greatland Gold PLC (LON:GGP), the precious and base metals exploration and development company, has announced “excellent results” from the drilling campaign at the Havieron deposit.
The latest results from the project, located in the Paterson region of Western Australia, further highlight the potential for extensions to the initial resource published last December, Greatland said in its stock market release.
IronRidge Resources Limited (LON:IRR) said it raised £12mln in an oversubscribed fundraising to help bankroll the development of its lithium and gold projects in the African nations of Ghana, Côte d Ivoire and Chad. The company raised the funds through the subscription and placing of 60mln new shares at a price of 20p each, a 6.3% discount to its closing price on Monday.
April 2021
£1 million (
€1.15 million) - proceeds will be used to accelerate exploitation of gold prospects and expand the Company s work programme for the current year
· Independent test results indicated gravity separation as viable production method for processing material from Mineral Jackpot spoil heaps
· Independent metallurgical consultant engaged to prepare specifications and detailed costing for proposed processing operations
· Migration of share settlement system from CREST to Euroclear Bank successfully completed
Brian Hall, Executive Chairman, commented: During a difficult year for everybody, we made strong progress on our projects and successfully secured funds for our operations. The results of our work in 2020 have enabled us to initiate a major drilling programme across our three prime areas of interest, now under way, while laboratory testing has shown the way forward for secondary recovery of
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