Gold and Silver Deposits Confirmed PDF Print E-mail
Thursday, 23 November 2006 00:00
this article on www.plusmarketsgroup.com

 

Great Western Mining Corporation plc, the Irish gold, silver and uranium exploration company, has confirmed gold and silver values in all its lode claims tested.

The results from the recent recognisance programme just completed in Marietta, Mineral County, Nevada confirmed a wide variety of mineral values. Gold (Au) and Silver (Ag) were recorded in all samples, according to the specialist laboratory Kappes, Cassiday & Associates. Tungsten was also indicated in some samples by field tests.

Further extensive testing will be done in the coming months building on the orientation of the sample values recorded to date. Some grading work will also be undertaken in order to improve access to the most interesting areas. The company holds some 21 gold, silver and uranium lode claims in the Little Huntoon Valley area near Marietta, Mineral County, Nevada.

The following table has been produced from the surface samples tested:

 
 ELEMENT          GOLD (AU)           SILVER (AG)
UNIT SAMPLE GRAMS PER TON GRAMS PER TON
01 0.81 446.96
02 0.06 5.91
03 1.18 532.80
04 0.19 8.08
05 0.06 1.55
06 0.06 4.35
07 2.64 63.14
08 0.47 33.59

Emmett O'Connell, Chairman of Great Western Mining Corporation plc said, "The directors are heartened by results so far and are putting in place a comprehensive exploration program commencing early in the New Year."

Having regard to the successful sampling and recognisance programme just completed the Company feel sufficiently confident to release the 1980 Ming Toy Geological Report in its entirety within the next week. To the best available information, no work has been carried out on the prospect since the report was completed.

Great Western Mining Corporation Plc was admitted to PLUS on 18 October 2006.

The Directors of the issuer accept responsibility for this announcement.

 



 

For further information on investor relations please contact:
Emmett O'Connell, Chairman, Great Western Mining Corporation
Tel. +353 51 565 844 or +353 1 856 1700
or
Liam McGrattan, Investor Relations Director
Tel. +353 1 856 1700 Mobile +353 87 274 5427

For media enquiries, please contact:
Kathryn Byrne, Limelight Communications.
Tel. +353 45 856 346 Mobile + 353 85 2336033
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Corporate Adviser: St Helen's Capital Plc
Duncan Vasey/Barry Hocken
Tel. +44 207 628 5582
Last Updated ( Wednesday, 05 March 2008 11:12 )