Great Western Mining begins drilling at Olympic gold project
Great Western Mining announced on Friday that drilling had now started at the Olympic Gold Project in Nevada’s Mineral County.
The AIM-traded firm said the necessary permits had been received, and a reverse circulation rig mobilised to the Trafalgar Hill prospect in the northwestern part of the Olympic claims.
Ground had been broken on the first of six planned holes to be drilled at Trafalgar Hill, where prospects were identified through geological mapping and two recently-conducted magnetometer surveys.
Drilling was currently in progress, the company 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,” the board said in its statement.
“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 applications to the Bureau of Land Management.”
In total, 11 holes were planned at Olympic prior to the rig moving to drill at the firm’s Rock House group of claims.
“This is the first time that the company has drilled at Olympic, over which it acquired a four-year purchase option in 2020,” the board added.
Great Western said it would provide further updates as new information was available.
At 1108 BST, shares in Great Western Mining Corporation were up 6.71% at 0.25p.