Great Western's Gold & Silver Portfolio

Key Facts

  • Great Western has six claim groups containing gold and silver prospects.
  • 2021 drilling intercepted high gold grades at two claim groups.
  • 2022 drilling intercepted the OMCO Mine vein at Olympic Gold and significant silver with associated gold at very shallow depth at Mineral Jackpot.
  • A long pipeline of un-drilled gold and silver targets.
  • All claims lie within the Walker Lane belt which is renowned for hosting high-grade gold and silver deposits.
  • Western Milling LLC created in September 2022 for recovery of precious metals from pre-mined materials. Western Milling will produce precious metals from tailings, spoil heaps, stockpiles of pre-mined material and shallow ore. At a second stage, Western Milling will acquire material for processing from third parties, as no similar facility exists at present in the area.
  • In November 2022 Great Western announced the results of an independent initial Mineral Resource Estimate for the Olympic Gold Tailings project as well as Exploration Targets for stockpile and spoil material at the Olympic Gold Project and Mineral Jackpot Project. All resources and exploration targets are reported in accordance with the JORC code (2012). The announcement can be viewed here.

 

Olympic Gold

Olympic claims situated at intersection of two major gold trends. Multiple targets occur across the claim group with a current focus on Trafalgar Hill and the OMCO Mine site.

In 2021 Great Western drilled a number of targets at Olympic, with encouraging results. Follow-up drilling in 2022 intercepted the OMCO Mine vein and an extension to the OMCO Mine is now established.

Assay results for the three holes at Trafalgar Hill are pending as Great Western has decided to expand the assay testing to include screen fire assay techniques which will test for coarse nuggety gold potentially identified within the system.

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Huntoon

GWM soil sampling has identified an 800 m zone anomalous for Au (maximum 0.25 ppm Au).

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Jack Springs

M5 target - anomalous grades identified in grab samples from a ridge in the south of the claim group.

Elevated values of gold (740 ppb) and typically associated elements; arsenic (1736 ppm) and antimony (51 ppm).

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Mineral Jackpot

The Mineral Jackpot project is situated within the Black Mountain Claim group. Mineral Jackpot comprises five adjoining historic gold and silver mines, with high-grade vein mineralisation visible in open shafts and adits.

Initial drilling as part of the 2022 work programme, intercepted a 7.62 metre zone from 4.57 metres grading at 180.94 g/t silver and 0.315 g/t gold, contained within which is a high-grade silver zone hosted in quartz vein of 3.04 m at 418.00 g/t silver and 0.554 g/t gold, starting at 6.10 meters drilled depth.

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Rock House

Potential for gold, silver and copper deposits over 6.2 km2 in three distinct targets.

Initial drilling of the SAZ target in 2021 returned best intercepts of 1.52 m at 8.02 g/t from 97.53 m in hole RHRC006 and 1.52 m at 2.29 g/t from 28.95 m in RHRC007.

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Tun

Multiple 2 km strike length quartz veins with numerous historic adits.

Veins up to 2 m thick and have returned surface grab assays of 9.84 g/t Au, 4.99 g/t Au and 1.21% Cu.

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