Great Western Mining Corporation (CDI) (GWMO)

Sector:

Mining

Index:

FTSE AIM All-Share

0.024p
   
  • Change Today:
      0.001p
  • 52 Week High: 0.070p
  • 52 Week Low: 0.023p
  • Currency: UK Pounds
  • Shares Issued: 8,347m
  • Volume: 4,387,827
  • Market Cap: £2.00m
  • Beta: 0.44

Great Western Mining finishes drilling at Mineral Jackpot

By Josh White

Date: Thursday 11 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Great Western Mining announced the completion of its drilling programme at the Mineral Jackpot group of claims in Nevada's Mineral County on Thursday, with four holes totalling 536 metres drilled in the main workings area.
The AIM-traded firm said all four holes were drilled towards known, previously-worked mineralisation, adding that all of them intercepted zones of target-type alteration.

Cuttings were being sent to the laboratory for assay, with the company's summer 2022 drill programme now complete, and the rig stood down.

Its board said the programme - its first ever at Mineral Jackpot - was made possible by its upgrade of a 14 kilometre mountain mule track to a road earlier in the year.

Great Western was originally formed to exploit the area of historic gold and silver mines, comprising the Silver Moon, Silver Bell, Ming Toy, Bass and Mineral Jackpot mines - collectively known as 'Cabin Rock'.

Rock chip, soil and grab samples had been assembled and analysed over the last three years and magnetometer surveys conducted, together indicating potential for a doubling of the known mineralisation over the claims.

Mineral Jackpot is also host to "numerous" spoil heaps from historic mining operations, which Great Western was planning to load from site using the new road, and then process for secondary recovery of precious metals.

"This completes an exciting summer drill programme over four of the company's many prospect areas - the Southern Alteration Zone, Trafalgar Hill, OMCO Mine area, and Mineral Jackpot, with 24 holes drilled totalling 2,798 metres drilled depth," said chairman Brian Hall.

"We now await assay results from busy independent laboratories, timing of which is outside our control but which we will announce as soon as they become available."

At 1558 BST, shares in Great Western Mining Corporation were down 0.14% at 0.15p.

Reporting by Josh White at Sharecast.com.

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GWMO Market Data

Currency UK Pounds
Share Price 0.024p
Change Today 0.001p
% Change -4.00 %
52 Week High 0.070p
52 Week Low 0.023p
Volume 4,387,827
Shares Issued 8,347m
Market Cap £2.00m
Beta 0.44

GWMO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
21.26% above the sector average21.26% above the sector average21.26% above the sector average21.26% above the sector average21.26% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
69.34% below the sector average69.34% below the sector average69.34% below the sector average69.34% below the sector average69.34% below the sector average
Income Not Available
Growth Not Available

GWMO Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
15:20 10,909 @ 0.023p
14:29 371,735 @ 0.024p
13:37 756,302 @ 0.023p
13:37 4,615 @ 0.026p
13:37 38,461 @ 0.026p

GWMO Key Personnel

Finance Director Max Williams

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