Great Western Mining Corp. PDF Print E-mail
Great Western Mining Corporation PLC is developing a number of exciting early stage copper and uranium/gold/silver exploration targets on its 100% owned properties in south-western Nevada USA. Following extensive surface mapping, copper oxide and uranium metallurgical testing, coupled with the use of publicly available geophysical data, the company is poised to move to the next phase of exploration.
  • The company intends to shallow drill the uranium vein that outcrops at the Bass Mine. Uranium, gold and silver assays undertaken in 2008’s bulk testing program were very encouraging.
  • The company intends to carry out a detailed geophysical survey around one of the numerous outcrops of high grade oxidised copper material that have been mapped at surface. This will be used to firm up drill depth targets with a view to outlining a JORC Compliant near surface resource. The company is considering a low capital cost move into modest production and is encouraged by metallurgical testing on outcrop samples which indicated good acid leachability.
  • Using a new interpretation of the surface sampling over their whole property, coupled with open access geophysical data, the company has staked what they believe to be near surface intrusive bodies. The company intends to undertake more geophysical work to determine whether these are possible porphyry copper/molybdenum targets. The possibility of a deep drill hole to follow up the geophysical target is included within the proposed work program.

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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.

Risk Warning

The Plus-quoted market, which is operated by PLUS Markets plc, a recognised investment Exchange, is a market designed primarily for emerging or smaller companies to which a higher risk tends to be attached than to larger or more established companies. It is not classified as a Regulated Market under EU financial services law and PLUS-quoted securities are not admitted to the Official List of the United Kingdom Listing Authority. A prospective investor should be aware of the risks of investing in PLUS-quoted securities and should make the decision to invest only after careful consideration and, if appropriate, consultation with an independent financial adviser authorised under the Financial Services and Markets Act 2000 who specialises in advising on the acquisition of shares and other securities.

Company Broker: SVS Securities Limited, London Stockbrokers

Telephone: 44-207-382-2870 (Ian Calloway)