Great Western Mining Corporation PLC builds head of steam in Nevada

• Gold and silver explorer focused on Nevada
• First gold poured recently at Mineral Jackpot
• Survey at Olympic Gold indicates several anomalies

What the company owns

Great Western Mining () is concentrating on gold and silver exploration and production in the aptly named Mineral County, Nevada.

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.

GWR has an exploration target of 500,000-1.5mln 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.

It also has the Rock House (RH) gold-silver targets, where early exploration work has identified three new, unexplored mineralised zones.

At the Olympic Gold Project, over which Great Western has a four-year option to purchase, is an area that houses a  now-disused mine that was “prolific with some good gold grades”.

GWR also has copper assets.in the M2 and M4 projects and the M1 and M8 targets in Nevada.

How it’s doing

On 16 April 2021 Proactive reported:

Drilling has started at the Olympic Gold Project in Mineral County Nevada. All necessary permits have been received and a reverse circulation rig has been mobilised to the Trafalgar Hill prospect that lies in the northwestern part of the Olympic claims.

Ground has been broken on the first of six planned holes to be drilled at Trafalgar Hill, where prospects have been identified through geological mapping and two recently conducted magnetometer surveys. Drilling is currently in progress, Great Western said. 

Following the completion of the Trafalgar Hill programme, the rig will remain at Olympic but move to the West Ridge prospect and then to the East OMCO Fault prospect, to the southeast of the historic OMCO Mine. Three further holes are planned to test magnetic anomalies to the east of the current Olympic group of claims for which the company has staked 12 new claims and submitted an application to the Bureau of Land Management. In total, 11 holes are planned at Olympic prior to the rig moving to drill at the company’s Rock House group of claims.

On 29 January 2021 Proactive reported:

 () said a follow-up magnetic survey at its Olympic gold project in Nevada has indicated where a previous productive gold vein might lie.

A strong anomaly was detected on the prospect to the west of the former OMCO mine, which stopped producing in the 1940s, and has provided enough information to start drilling, the company said.

The survey also indicated a strong magnetic anomaly underneath the Trafalgar Hill target at Olympic.

4 January 2021

 () has announced the first pour of gold and silver at its Mineral Jackpot property.

The company produced a doré bar as a pilot exercise using material from test spoil heaps on the Mineral Jackpot property, which is in Mineral County, Nevada.

The success of the trial proves the concept of being able to extract gold and silver from up to 12,000 tons of material available from 38 spoil heaps on the property, Great Western said.

What management says

Great Western Mining Corp’s () Brian Hall presents his shareholders the details about how dealings in shares will be cleared in the future.