Great Western Mining Corporation plc PDF Print E-mail

Great Western Mining Corporation plc (GWMC) is a leading Irish mineral company involved in gold, silver, uranium exploration and mining. The company, whose stock is quoted on the PLUS market, is based in Nevada with headquarters in Dublin, Ireland. It commenced trading in 2006 to acquire and file claim stake documentation involving a large exploration area in Mineral County, Nevada, USA, a leading geologically prospective and pro-mining legal jurisdictions in the world. The state of Nevada is a favoured international jurisdiction for companies involved in mineral prospecting and mines development. Nevada offers easy operating conditions, supportive regulatory environment, excellent prospecting and mining infrastructure, including support services rated as amongst the best in the world.

Through its wholly owned North American subsidiary, Great Western Mining Corporation of Nevada, USA, the company holds 139 claims covering 11.4 square kilometres. These include 11 gold and silver lode claims, as well as 10 uranium lode claims, within the Tonopah Trend area, Virginia City, Mineral County, Nevada. 11 claims were the subject of an extensive geological report carried out on the claim area in 1980. It also holds 47 gold, silver and uranium lode claims in Little Huntoon Valley area near Marietta, Mineral County. In June 2007 the company extended its mineral exploration area by two thirds in Mineral County. The minerals targeted for exploration and mining are gold, silver, uranium as well as tungsten.

Great Western Mining Corporation plans to build a portfolio of gold, silver and uranium claims as well as become a prominent gold / silver producer and uranium prospector. It also plans to acquire high impact projects and develop gold, silver, uranium resources through acquisition, exploration and development in politically safe jurisdictions. The company business plans are to secure finance to enable it to develop and maximise its minerals prospecting and mining potential within the United States of America as well as internationally.

Gold Mining & Exploration Nevada, USA

Nevada is a top gold mining and exploration state of the USA. It is the fourth largest gold producer in the world after South Africa, Australia and China accounting for nearly 8% of global gold production. Also, internationally it is the cheapest place to mine gold. Nevada gold mines produced 6.852 million ounces of gold during 2005, 85% of the USA total output. Analysts estimate that up to 180 million ounces of gold are still undiscovered making gold mining and prospecting in Nevada by minerals prospecting companies very attractive.

More than 50% of Nevada's annual gold production comes from the Carlin Trend where in excess of 40 separate mineral deposits have been delineated since 1961. Cortez Hills is expected to produce nearly 1 million ounces of gold a year involving costs of around US$290 an ounce. More on gold mining and prospecting.

Silver Mining & Exploration Nevada, USA

Nevada "The Silver State" is rich in silver resources. Nevada’s silver mines production in 2005 was 9.946 million ounces most of which came from mining silver in the Carlin Trend. During 2005, Nevada’s silver mines productions involving all the silver mining and exploration companies within the state were in the region of US$103 million. In 2006, silver mining in Nevada made it America's second largest silver producer, after Alaska.

Another silver mining area, called the Cortez Trend, runs parallel to the Carlin Trend and is located 50 miles to the south west of it. Running in parallel with the Carlin and Cortez Trends is the older, established Tonopah Trend. Great Western Mining Corporation's 21 claims lie within this trend. 11 of these claims were the subject of an extensive geological exploration report carried out on the claim area in 1980 confirming the high potential for silver mining in Nevada, USA. More on silver mining and prospecting.

Uranium Exploration & Mining Nevada, United States Of America

United States of America has the fourth largest uranium deposits in the world, after Australia, Canada, and Kazakhstan. As nuclear power usage expands, demand for the world’s limited uranium resources will increase rapidly, putting upward pressure on the price for uranium ore on limited world inventories of uranium will make itself felt in the market price of uranium ore. Increasing uranium prices have generated great interest in uranium mining in Nevada. On the slopes of Cabin Rock in Mineral County Nevada, high grade uranium deposits with a high recovery and 97-99% extraction rate have recently been discovered which will lead to intensive uranium exploration and mining in Nevada, USA.

The 2006 and 2007 field sampling programmes have confirmed presence of radioactive minerals in the Great Western Mining Corporation North America claims. As for quality of the deposit, the test results yielded U308 uranium oxide as high as 0.59%. The company is extending its claim areas; 10 prospective uranium claims were acquired in the Tonopah Trend area. The company will continue to examine prospective areas with the intention of building substantial portfolio of uranium claims, as well as appraising the current ten lode claims held. More on uranium exploration and mining.

Great Western Mining Corporation: 'Best' Minerals Resource Stock On PLUS Market

Great Western Mining Corporation, the London England PLUS market quoted uranium, silver, gold prospecting and mining company, received the 'best' PLUS minerals resource stock award on 29 April 2008. The competition from the mining industry involved many mineral exploration and mining companies listed on the stock market.

Since joining the PLUS market in October 2006, Great Western Mining Corporation has built its asset base; the company stock market valuation exceeds Stg(£) 8 million. The PLUS minerals resource exploration and mining stock award reflects continued investing and expansion of the company's North American mineral resources.

Commenting on the PLUS market mineral resource stock award, Great Western's chairman, Emmett O'Connell said the company was delighted to win the award, and it would continue to develop gold, silver, uranium prospecting and mining properties under its control in North America as well as internationally. More on Great Western Mining Corporation share prices and related minerals resources stock market buying and investment information on the PLUS market.
 

 

Last Updated ( Monday, 26 January 2009 09:14 )