Great Western Mining (LSE-AIM: GWMO) plans to fast-track drilling at its Defender-Pine Crow tungsten project in Nevada after raising about £3.25 million (C$6 billion), with new CEO Ed Loye targeting a maiden resource by year-end.
The first program is to test about 500 metres of strike on a 1.2-km corridor between the historical Defender and Pine Crow workings. Two machine-cut channels at Defender returned 16 metres grading 0.3% tungsten trioxide, including 2 metres at 0.66.
“The tungsten property is not only timely, it is prime for a new mineral resource estimate, and that’s what we want to deliver by the end of this year,” Loye told The Northern Miner’s Western Editor, Henry Lazenby, during the recent PDAC convention in Toronto.
The push gives Great Western its clearest near-term value driver in Nevada’s Walker Lane belt. The company wants to show the tungsten is part of a broader 3-km mineralized trend east of its M2 copper deposit, which already hosts a Joint Ore Reserves Committee-compliant resource of 4.3 million tonnes grading 0.45% copper.
Watch the full interview below:
The preceding Joint Venture article and video are PROMOTED CONTENT sponsored by Great Western Mining and produced in co-operation with The Northern Miner. Visit: www.greatwesternmining.com for more information.
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