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Sector: Mining Ticker Symbol: ‘GWMO’ PLUS Markets Company Background | | Established in 2006 | Great Western Mining Corporation PLC is a PLUS Markets Irish exploration company that was listed in October 2006. Originally established as a gold and silver play based on old claim data from the files of a deceased prospector, the company generated a great deal ofexcitement in 2007 and 2008 as a result of a uranium discovery. Further surface mapping of the company’s claims has developed a geological model where a number of separate uranium/precious metal, precious metal, high grade oxidised copper, and low grade bulk sulphide targets have been outlined. | Location | | | Great Western’s claims are located in south-western Mineral County, about 32 kilometres from the small town of Hawthorne. This area forms part of the Nevada Desert’s Excelsior Mountains, which extend southwest into California. (http://en.wikipedia.org/wiki/Mineral_ _County_Nevada) | The Properties | 100% owned claims | Great Western’s properties consist of 411 unpatented lode mining claims on public lands administered by the United States Department of the Interior’s Bureau of Land Management. The total of all claims covers some 34 square kilometres. | Geology | | Young acid intrusive rocks | The Excelsior Mountains consist of granitic (acid igneous) rocks of late Cretaceous Age intruded into older sediments, and metamorphosed rocks of Permian to Jurassic Age. The Excelsior Mountains are sharply defined by northeast trending range front faults along the south and east sides. This northwest trending structure is also shown in aeromagnetic and gravimetric mapping, which has been carried out on a regional scale. High magnetic and gravimetric anomalies indicate the possibility of mineralisation. Copper oxide surface outcrops coincide with aeromagnetic and gravimetric information, whilst the series of southwest aligned anomalies parallel to the northwest side of Little Huntoon Valley have been postulated as intrusive bodies. Intrusive bodies of this age and location are possibly copper/molybdenum porphyries. | | Walker Belt | - The Excelsior Mountains are located on a geological feature known as the Walker Belt.
Several significant mineral deposits have been found including the Yerington Porphyry Copper deposit - identified as a Pluton structure and estimated to yield 6 million tonnes of copper. If this copper skarn found on the Ming Toy and Huntoon is indicative of a Pluton structure, then the opportunity could be classified as a major near mineral find. |
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Last Updated ( Tuesday, 19 January 2010 16:38 )
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