Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Great Western Mining posts encouraging results from Olympic Project
(Sharecast News) - Great Western Mining released encouraging results from its ongoing exploration efforts on the Rhyolite Dome gold target on Wednesday, within its Olympic Gold Project in Nevada. The AIM-traded firm said recent findings included the identification of Rhyolite Dome as a high-priority gold target, supported by soil sampling results showing notable grades such as 61 parts per billion, 58 parts per billion, and 51 parts per billion gold in recent samples, along with 207 parts per billion gold in legacy samples.
Those results marked some of the strongest soil anomalies ever seen at the Olympic Gold Project.
Additionally, it said Rhyolite Dome exhibited enrichment with a suite of indicator elements, including silver, arsenic, and mercury, enhancing its prospectivity for gold mineralisation.
Located at a crossover zone between northwest and north-northeast trending major fault sets, it said Rhyolite Dome benefitted from geological features indicative of gold deposition.
The proximity of Rhyolite Dome to significant gold deposits such as the Warrior, Hillside, Cute Maid, and Lou epithermal gold deposits along a 2.2 kilometre trend, similar to the distance from OMCO to Rhyolite Dome, further underscored its potential as a valuable gold target.
Additional geological features including a silica sinter, chalcedony veins, and a mapped placer contributed to the overall prospectivity of the area, the firm added.
"Multiple overlapping lines of evidence make Rhyolite Dome a high priority gold target for Great Western," said chairman Brian Hall.
"The next step will be to conduct IP surveys over the structure to narrow down drill targets in three dimensions with the objective of establishing a discovery intercept.
"We look forward to updating shareholders on further progress in 2024."
At 1228 GMT, shares in Great Western Mining were up 0.43% at 0.05p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.