Daily Banking News

Great Western Mining Corp PLC identifies 2 zones of mineralisation at Trafalgar

Trafalgar Hill lies in the northwestern part of the Olympic gold project area where gold has successfully been produced in the past from shallow workings

Great Western Mining Corporation PLC said two zones of mineralisation have been identified through its Trafalgar Hill drilling programme at the Olympic gold project in Nevada, US.

Drilling results from the shallow zone highlighted a continuation of previously mined veins on the eastern side of the hill, with two holes reporting grades of 1.04 grammes a tonne (g/t) gold and 8.90 g/t gold. 

“Drill permits will be formally applied for following detailed drill programme planning, which has already commenced based on these encouraging results received to date,” the company said.

Gold mineralisation throughout the deeper zone is broad, and mostly of a lower grade than found in the shallow zone, it noted. 

A hole drilled on the West Ridge prospect, to the southeast of Trafalgar Hill, did not yield reportable grades of gold, the company said, adding that a subsequent data review concluded that the prospectivity comes from a deeper epithermal vein system. A further hole is provisionally planned for later this year.

In addition, Great Western Mining has found and reviewed very large volumes of tailings from the long abandoned OMCO Mine, which produced high-grade gold for several decades up to the 1940s. These tailings have not been leached in the past and offer a strong case for secondary gold recovery which will be studied carefully for possible future exploitation, it said.

“We are very pleased with the results of initial drilling at Trafalgar Hill and look forward to the step-out drill programme planned for later this year,” said chairman Brian Hall. “During the first phase of our 2021 programme, we have drilled 17 holes covering five separate prospect areas and are waiting for the remaining assay results, which will be reported as soon as they become available.”

Read More: Great Western Mining Corp PLC identifies 2 zones of mineralisation at Trafalgar

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