GREAT WESTERN MINING CORPORATION
PLC
("Great Western", "GWM" or the
"Company")
ENVIRONMENTAL PERMIT
Great Western Mining Corporation PLC (AIM -
GWMO, Euronext Growth - 8GW) is pleased to
announce that the Administrator of the Nevada Department of
Environmental Protection ("NDEP") has published a Notice of Planned
Action ("the Notice") to allow the operation of a gravity
separation plant for production of precious metals by Western
Milling LLC. The Notice includes a draft Water Pollution Control
Permit and finalisation of the permit is now subject only to a
regulatory 30-day public consultation period expiring on 10 July
2024, at the end of the which Western Milling will be able to
commission the plant and commence operations.
Western Milling LLC is a 50-50 joint venture
between Great Western and Muletown Enterprizes of Mina, Nevada,
created for the purpose of producing precious metals and precious
metal concentrates from pre-mined material, including stockpiles,
tailings and spoil, as well as from newly mined shallow
ore.
Great Western
Executive Chairman Brian Hall commented:
"The publication of a
Notice for Planned Action by NDEP is a significant and long-awaited
step towards the start of production from our mill, construction of
which was completed at the turn of the year. Achieving the
approval of NDEP has been a lengthy process, terminating in a
comprehensive site inspection in late May. We appreciate the
conditional approval now granted by NDEP and are grateful for the
patience of our shareholders.
"When
finalised, we will be able to start processing our material which
includes a JORC-compliant inferred resource of 31,000 tonnes,
grading 1.6 grams/ton Au and 3.0 grams/ton Ag in tailings at our
Olympic Mine site, purchase of which was recently completed and
announced.
"Initially
the mill will be able to process approximately 35 tonnes per day
but has the capacity to be expanded at minimal cost to 200
tonnes/day, once operating parameters have been
established. In the first phase, material will be
processed through the gravity circuit but the plant has been built
to meet the specifications required for a second phase chemical
leaching project, for which a permit application will be lodged
once gravity processing is operational.
"We will
publish appropriate updates when information becomes
available."
For further
information:
Great Western Mining
Corporation PLC
|
|
Brian Hall,
Chairman
|
+44 207
933 8780
|
Max Williams, Finance
Director
|
+44 207
933 8780
|
|
|
Davy (NOMAD,
Euronext Growth Listing Sponsor & Joint
Broker)
Brian Garrahy
|
+353 1 679
6363
|
|
|
SP
Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat/Adam
Cowl
|
+44 203
470 0470
|
|
|
Walbrook PR (PR
advisers)
Nick
Rome
|
+44 207
933 8783
|
Notes to Editors
The Company has a large tract of
acreage in Mineral County, Nevada. The area consists of rugged,
mountainous terrain, which means that large parts of it remain
under-explored. Mineral potential is hosted by the regional Walker
Lane Structural Belt, the largest structural and metallogenic belt
in Nevada, yet one of the least explored in recent times, with
gold, silver and copper currently produced in Mineral County.
Great Western has seven distinct concession areas which offer the
potential for exploiting (1) short term gold and silver deposits
and (2) long-term, world-class copper deposits.
Six of the Company's properties are
in the west of Mineral County and are 100% owned and
operated. The Company has an option to acquire a seventh
property, the Olympic Gold Project, in the east of the
county. Great Western's small exploration team is supported
by locally based consultants and contractors.
The state of Nevada is one of the
world's most mining friendly jurisdictions. While tightly
regulated and environmentally conscious, Nevada welcomes the mining
industry. Great Western takes care to ensure that its claims
are maintained in good standing and all regulations
observed.
There are numerous gold and silver
prospects on the Company's acreage, including extensive historic
mine workings which offer the opportunity for secondary
recovery. The Company is party to a 50-50 joint venture known
as Western Milling LLC which is constructing a mill to process
pre-mined material for secondary recovery of gold and
silver.
Furthermore, through extensive
drilling over a five-year period, GWM has established a Mineral
Resource on its first target area known as M2, of 4.3 million
tonnes at 0.45% copper, for 19,000 tonnes of contained copper
metal. This resource has been independently reported in accordance
with JORC guidelines.
GWM has also established an Inferred
Resource Estimate of 31,000 tonnes grading 1.6 g/t gold and 3.0 g/t
silver in tailings associated with the OMCO Mine at the Olympic
Gold Project. Additionally, exploration targets have been
independently reported as follows:
·
3,400 - 6,400 tonnes grading between 0.5 and 1.2
g/t Au and 1.2 and 2.1 g/t Ag in the substrate beneath the tailings
volume at the Olympic Mine.
·
9,000 - 12,000 tonnes grading between 0.9 and 2.4
g/t Au and 2.0 and 5.1 g/t Ag in a coarse stockpile at Olympic
Mine.
·
4,200 - 7,700 tonnes grading between 40 and 140
g/t Ag and 0.3 and 0.3 g/t Au in spoil heaps at Mineral
Jackpot.