- Great Western Mining Corporation (CDI)
- 05 December 2024 13:28:14
Source: Sharecast
The AIM-traded company said six new claim blocks had been staked to include the historic Pine Crow and Defender tungsten workings, which lie near the northern edge of its Black Mountain claims.
Historical grab samples from the sites revealed notable tungsten concentrations, with highlights of 2,590, 2,430 and 1,600 parts per million.
Additionally, molybdenum enrichment was observed in the Pine Crow samples, with values reaching 700 parts per million.
Separately, Great Western said it had identified a 600-metre-long tungsten-in-soils anomaly within its Jack Springs claim group, about nine kilometers southwest of the Pine Crow and Defender workings.
The anomaly, detected through previous reconnaissance soil sampling and magnetic surveys, suggested a skarn geological setting, with potential for further exploration beneath volcanic cover to the east.
Great Western said the activity aligned with recent political emphasis on bolstering domestic supplies of critical minerals, including tungsten, which it said was vital for various industrial and defence applications.
The firm said it planned additional soil sampling and field mapping at both locations to refine exploration targets, with geophysical surveys to follow if results were promising.
It added that the newly-staked claims enhanced its portfolio in the Walker Lane belt, where it was also pursuing gold, silver, and copper projects.
“Our extensive claims in the Walker Lane Belt of Nevada are rich in many minerals,” said chairman Brian Hall.
“Over the last two years we have reacted to copper being designated a critical mineral in the US, revisited our copper prospects and have reported, with independent verification, the possibility of a copper play on a far larger scale than the resource we have already established through drilling in the same area.
“Tungsten has also been officially designated a critical mineral in the US, and in light of this we have revisited known areas of elevated tungsten which were highlighted during our recent exploration programmes.”
Hall said that having thoroughly reviewed all the data for tungsten on its claims, both historical and recent, there was “strong evidence” of the metal in two separate claim areas.
“To move this forward, in recent days we have staked and registered six new claims contiguous to our existing claims and encapsulating two old tungsten mines.
“We will be working on the data further over the winter months and planning a programme of works for the 2025 season.”
At 1208 GMT, shares in Great Western Mining Corporation were up 15% at 0.02p.
Reporting by Josh White for Sharecast.com.