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As of 12:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

great western mining corp pl (GWMO) Snapshot

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great western mining corp pl (GWMO) Details

Great Western Mining Corporation PLC engages in the exploration and mining of mineral properties in North America and the Republic of Ireland. The company explores for copper, silver, gold, uranium, lead, and other minerals properties. It owns interest in mineral claims covering approximately 73 square kilometers in south-west Nevada. Great Western Mining Corporation PLC was incorporated in 2004 and is based in Dublin, Ireland.

5 Employees
Last Reported Date: 04/10/15
Founded in 2004

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great western mining corp pl (GWMO) Key Developments

Great Western Mining Corp PLC Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Great Western Mining Corp. PLC reported consolidated earnings results for the year ended December 31, 2014. For the year, the company reported loss attributable to equity holders of the company of EUR 27,425 or 0.01 cents per basic and diluted share compared to EUR 448,319 or 0.69 cents per basic and diluted share reported last year. Loss for the year before tax was EUR 27,425 against EUR 448,319 reported last year. Cash out flows from operating activities was EUR 190,930 against EUR 526,295 reported last year. Expenditure on intangible assets was EUR 1,085,648 against EUR 97,606 reported last year.

Great Western Mining Corp PLC Announces M2 Update

Great Western Mining Corp. PLC announced that following a successful site visit, the Company has now been formally notified by the Bureau of Land Management (BLM) that its reclamation work carried out on the M2 project to date has been completed to the required performance standards. Accordingly 2.5 acres of disturbance has been rolled over for further exploration drilling purposes. November 2014 saw the successful establishment of a maiden independent JORC compliant, Inferred Resource on the Company's M2 copper target, containing 23,636 metric tonnes of Copper, and 16,000 ounces of Gold. The M2 Exploration Target is an Iron Oxide Copper Gold (IOCG) deposit with inherently favorable metallurgical characteristics. M2 is a potential planer structure, extending 2,134 metres south-southeast beneath the crest of Bass Mountain to the vicinity of the historic Smith Copper Mine. The Company considers that the source of the M2 and Smith Mine copper mineralistion is an epithermal plume located beneath the "Sharktooth" peak of Bass Mountain. Low grade, open-pittable copper-gold values at M2 are indicators of much higher grade and more consistent copper-gold oxide mineralisation at the intersection of the vertical north-easterly Sharktooth structure and the Diorite-Dunlap hanging wall caprock. The disturbance rollover will permit GWM to devise a Phase 3 drilling programme to identify the core of the epithermal plume, and to extend the strike length of the 2014 Inferred Resource to the Sharktooth peak. Following meetings and discussions with the BLM, Great Western Mining has been invited to submit a revised drilling and disturbance plan under existing BLM Notice.

Great Western Mining Corporation plc Provides Third Update from 2014 Field Progamme on the Golconda Thrust Group

Great Western Mining Corporation PLC provided the third update from the company's 2014 field progamme on the Golconda Thrust Group, containing the four claim groups: TUN Group, EM Group, RH Group and JS Group. The GWM field team carried out surface mapping, soil and rock chip sampling on three of the claim groups: TUN, EM and JS, accompanied by the Company's independent consulting geologist, Donald G Strachan. The EM Group is approximately 10 miles south-east of the M2-Smith copper prospect, where the company recently completed a 14,000 feet drilling progamme, with the aim of establishing a maiden JORC Resource. M8-EM contains the historic Eastside Mine, where high grade oxide copper ores were mined from shallow underground workings during World War One. Conoco investigated Eastside as a copper porphyry prospect in the early 1970's, identifying mineralisation consisting of substantial copper and molybdenum values. GWM has been able to obtain a substantial quantity of the data from Conoco's exploration efforts. The historic oxide-copper was mined from 1,000 feet of strikelength along the southern margins of quartz porphyry dikes, but copper mineralization occurs over the entire north and northeasterly quartz-porphyry strikelength of 4,500 feet. Hydrothermal alteration is exposed over an area 1.5 miles long and 1.0 mile in width at Eastside. All soil samples taken this summer by the GWM field team produced strongly anomalous Cu readings, with several samples greater than 10,000 ppm Cu. Geochemical analysis conducted by Conoco in the 1970's also produced strongly anomalous copper and molybdenum readings, with high values greater than 25,000 ppm Cu and 640 ppm Mo. GWM is still assimilating data on M8-EM, but thus far the data is sufficient to confirm at least one, potentially large, copper oxide target.


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