This is the first time that the company has drilled at Olympic, over which it acquired a four-year purchase option in 2020
() said drilling has started at the Olympic Gold Project in Mineral County Nevada.
All necessary permits have been received and a reverse circulation rig has been mobilised to the Trafalgar Hill prospect that lies in the northwestern part of the Olympic claims.
Ground has been broken on the first of six planned holes to be drilled at Trafalgar Hill, where prospects have been identified through geological mapping and two recently conducted magnetometer surveys. Drilling is currently in progress, Great Western 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. 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 an application to the Bureau of Land Management. In total, 11 holes are planned at Olympic prior to the rig moving to drill at the company’s Rock House group of claims.
Shares in Great Western were 5.5% higher at 0.25p in early deals.