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Great Western Mining PLC gears up for a busy year

Great Western Mining PLC gears up for a busy year
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SMALL CAP SHARE IDEAS: Great Western Mining

Untapped potential For the uninitiated, the area of Nevada in which Great Western is operating has been prolific for gold and silver. Its 14,900 acres-worth of concessions all lie within the Walker Lane trend, which has yielded significant discoveries such as Comstock Lode, Yerington, Pumpkin Hollow and Isabella Pearl. Because of the mountainous terrain, there are large tracts of land under licence to the company that are unexplored that could be appraised using modern techniques. Hall and the team have set themselves an exploration target of 500,000-1.5million gold equivalent ounces from multiple prospects. Historic geological reports have identified seven lodes, prospective for gold and silver on Mineral Jackpot, where previous exploration work has uncovered grades of up to 95.6 grams per tonne of the yellow metal.

SMALL CAP SHARE IDEAS: Strategic refocus towards gold drives Great Western Mining forward

SMALL CAP SHARE IDEAS: Strategic refocus towards gold drives Great Western Mining forward Ian Lyall At Proactive Investors For Thisismoney.co.uk © Provided by This Is Money MailOnline logo Under the direction of chairman Brian Hall, Great Western Mining Corporation has ‘refocused’ its strategy. Shelved (but not forgotten) is its interest in copper. Instead, the group is concentrating on gold and silver exploration and production in the aptly named Mineral County, Nevada. Crucially, there is cash in the bank to achieve these ambitions. And judging by the share price, which has more than doubled in the last six months, the wider investing public appears to have bought into the new streamlined approach.

Great Western Mining remains on track to produce precious metals before year-end | 18 December 2020

18 December 2020 | 08:56am StockMarketWire.com - Mineral exploration and development company Great Western Mining said it remained on track to produce precious metals at its Mineral Jackpot Properties in Nevada, before the end of the year. Bulk material from the Mineral Jackpot site was being processed through a gravity separation circuit and the pouring of first precious metal was on track to be achieved before year end, the comapny said. The pilot magnetometer survey completed over the northern part of the site area had highlighted existing known structures together with potential new linking structures and extensions to the south-east, it added.

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