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Great Western Mining Corporation PLC
Summary
| Project: | M2-Smith | |
|---|---|---|
| Deposit: | M2 North, Sharktooth | |
| Location: | United States | |
| Commodities: | Copper | |
| Date: | 6/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 12-6-2017: Great Western Mining Corporation PLC announces a Resource Estimation report for its M2 North, Sharktooth deposit at the M2-Smith project. Upgraded mineral resource estimate at M2-North & Exploration target for M2 Sharktooth. Great Western Minin | |
| Resources: | (Resource, I+I): 16.99Mt @ 0.525% Cu for 89195t Cu contained at project | |
| CP/QP: | [Resources]: W.T. Cohan (WT Cohan & Assocoates Inc.) | |
| ABSTRACT: | Great Western Mining (AIM: GWMO) is pleased to announce a large increase in JORC Mineral Resources resulting from a comprehensive review by WT Cohan & Associates Inc. (“WTC”) as part of a JORC Compliant Scoping Study over the Company’s M2 copper-gold prospect in Mineral County, Nevada, USA. Resources were independently calculated from the results of reverse circulation drilling conducted by GWM in 2013 and 2014. These resources were calculated employing block modelling software and using 15.24 metre square x 1.52-metre-high blocks. A cut-off grade of 0.20% copper was employed in the resource estimates. The review has highlighted the scope to double or triple this open pittable resource down dip, towards the Sharktooth Peak, and along the strike of the resource’s controlling geological characteristics. In addition, WTC has provided an independent estimate of the Exploration Target beneath the M2 Sharktooth Peak, which was identified by reconnaissance and outcrop mapping, surface sampling and two discovery drillholes in 2014. Chief Executive, David Fraser commented: “We are really pleased with this new resource estimate, and are confident of further upgrades as potential additional resources have been identified in an undrilled zone at the centre of the current strike. The Sharktooth Exploration Target estimate demonstrates the potential for very significant increases in Total Mineral Resource at M2. We look forward to updating shareholders once the full Scoping Study has been delivered and assessed by the Company.” | |
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