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Great Western Mining Corp PLC (LSE:GWMO) announced on Monday that it has entered into a pooling agreement with Bronco Exploration Inc to advance its copper exploration efforts.
Details of the Pooling Agreement
Under the agreement, the Eastside Mine claims in Nevada held by Great Western Mining will be combined with Bronco Exploration’s adjoining Tango project. This consolidation aims to focus on a primary porphyry target. Bronco Exploration will assume the role of the project operator. The benefits and liabilities of the pooled project will be allocated based on the proportion of claims each party holds: 30% for Great Western Mining and 70% for Bronco.
Strategic Remarks
Executive Chair Brian Hall expressed enthusiasm about the partnership, stating, "We are very pleased to be working with Bronco Creek on this project. We have long considered Eastside Mine to be a valuable asset and in recent times have conducted an IP survey over the area, resulting in the identification of drill targets." Hall further noted that the pooling arrangement aligns with the company’s strategy to attract project-level funding without needing to rely on shareholder contributions.
Great Western Mining Corporation PLC focuses on the exploration and development of mineral properties across the United States, the Republic of Ireland, and the United Kingdom. The company targets a range of minerals including copper, silver, and gold.
