Great Western Mining flies as first drilling nears

7th Jan 2014 10:03

Shares in AIM exploration minnow Great Western Mining soared as it outlined a busy programme of drilling for 2014, beginning in the coming weeks. The US-focused outfit has now completed the detailed analysis for a drilling programme that will aim to establish a recognised resource in the first half of 2014 at its 100%-owned M2-Smith copper target in Nevada.Chief Executive David Fraser said the current year should see "tangible value delivery for shareholders", when the inherent value management perceives in its properties is unearthed."We are committed to driving activity forward, and communicating regularly with the investor community as our work progresses in Nevada," he said. Great Western said it anticipated submitting drilling permit applications and beginning preparatory groundwork "within the next month".Shares in GWMO doubled to 1.98p by 10:29 on Tuesday. OH