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Great Western Mining Corporation plc (GWMC) is an Irish company concentrating on gold, silver and uranium exploration. The company, 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 mineral exploration and mine development. Nevada offers easy operating conditions, supportive regulatory environment, excellent infrastructure and support services which are rated as amongst the best in the world. Through its wholly owned subsidiary, Great Western Mining Corporation of Nevada, USA, the company holds 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 it 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 business plans of the company are to secure finance to enable it to grow, develop and maximise its mineral exploration and mining potential in the United States of America as as well as internationally. Gold Mining & Exploration Nevada, USANevada 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 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 exploration in Nevada 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 exploration Silver Mining & Exploration Nevada, USANevada "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 mine productions 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 exploration Uranium Exploration & Mining Nevada, United States Of AmericaUnited 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 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
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