Great Western Mining signs option agreement to buy Olympic project in Nevada

Writer,

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Great Western Mining said it had signed an option agreement with a subsidiary of Ely Gold Royalties to acquire the Olympic gold project in Nevada.

The project comprised 48 mineral prospective for gold and silver and the option payments amounted to $150k over four years.

Great Western had become responsible for lease costs and was entitled to carry out a full exploration programme with right of access to all historic data.

Completion of the acquisition could be accelerated by bringing forward annual option payments.

At 1:37pm: (LON:GWMO) Great Western Mining Corporation PLC share price was -0p at 0.12p