Great Western Mining Corporation plc

Great Western Mining Corporation PLC is a mineral exploration and development company operating in Nevada, USA. 8 distinct claim groups target both precious metals and base metals.
Deal price
0.04p
Discount of 18 %
Last Price 0.049p p

Key information

Key information

Sector

Industrial Metals and Mining

Close date

Delivery

Placing price

Last price

Discount

Amount raised

0.04p

0.049 p

18 %

£500,000

Use of proceeds

Transport the Company's first raw material from remote sites to Western Milling LLC's precious metals processing plant in which Great Western has a 50% interest. Continue an active programme at West Huntoon which includes (i) a geochronological analysis to age-date and correlate data on the copper porphyry with neighbouring prospects (ii) a trenching programme to test for copper in the area of granites identified last year and to follow up bonanza-grade silver soil samples identified through surface grabs in 2023 and (iii) to commence precious metals exploration with the Company's joint venture partner under the Huntoon Mine Cooperation agreement signed earlier this year. Carry out further work on the undrilled Rhyolite Dome in the southern part of the Olympic Gold Project, including geophysics to identify best drill targets. Follow-up soil sampling programmes at Rock House Group and Jack Springs Group where gold and silver intercepts have already been encountered and reconnaissance soil sampling at the TUN Group. General corporate purposes.

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