IEOOBIFR8863/GBP/PLUS-exn
23/09/2008
GREAT WESTERN MINING CORPORATION PLC ("GWMC" or the "Company")
UNAUDITED INTERIM FINANCIAL RESULTS
FOR THE 6 MONTH PERIOD ENDED 30 JUNE 2008
The Directors of Great Western Mining Corporation Plc are pleased to announce the interim financial results
for the six month period ended June 2008.
Highlights
* The Company has extended its area under claim to 7.4 square kilometres.
* Bulk Sample Tests on Ming Toy discovery reported:
0.35% to 0.45% Uranium
5.25 oz. of silver per ton
0.144 oz. of gold per ton
* At current prices this would yield in the region of $700 per short ton, assuming 100% recovery.
* The Company was chosen "The Best Resource Share" of 2008 on the PLUS Market in London.
Developments
Over the past three years the Company has assembled a thorough, in-depth geological and historical data
base focused on the area of our interest in west central Nevada. This database has been augmented by
extensive field work and laboratory testing which determined the Company's selection of acreage under
claim.
In addition to the Ming Toy uranium discovery (with associated gold and silver values), a number of base
metal copper and lead prospects have been identified.
A Competent Persons Report is being assembled as we go to print and should be available shortly. It is
expected to recommend a detailed drilling programme designed to determine the extent of the Ming Toy ore
deposit.
GREAT WESTERN MINING CORPORATION PLC
For the period ended 30 June 2008
Audited
Unaudited 9 Months to
6 Months to 31 December
30 June 2008 2007
EURO EURO
Revenue - -
Administrative expenses (309,542) (268,067)
Interest receivables
and similar income - 7,677
Loss for the period (309,542) (260,390)
Basic loss per share in cents 1.16 Cent 1.00 Cent
Diluted loss per share in cents 1.16 Cent 1.00 Cent
________________________________
The above financial results have been reviewed by the Company's auditors, LHM Casey McGrath.
The Directors of the Company accept responsibility for this announcement.
- ENDS -
For further information, please contact:
Great Western Mining Corporation Plc:
Liam McGrattan, Investor Relations Director Tel: +353 87 274 5427
Emmett O'Connell, Chairman Tel: +353 51 565 844
Bishopsgate Communications
Nick Rome or Michael Kinross Tel: +44 207 562 3366
Corporate Advisers
St. Helen's Corporate Finance: Tel: +44 207 628 5582
www.greatwesternmining.com
Notes to Editor:
Great Western Mining Corporation plc is an Irish based exploration company, quoted on the PLUS Market. The
company, which concentrates on gold, silver and uranium exploration, is based in
Nevada, USA. Its headquarters are in Dublin.
The Great Western Mining Corporation holds 89 gold, silver and uranium lode claims in the area near
Marietta, Mineral County, Nevada. This US state consistently ranks as one of the leading geologically
prospective and pro-mining legal jurisdictions in the world today. Crucially, it is also extremely stable
from a geo-political perspective.
Furthermore, as nuclear power usage expands rapidly across the globe, demand or the world's limited uranium
resources will expand rapidly, pushing up the price for uranium ore.
The company plans to build a varied portfolio of uranium ore claims in politically secure areas.
Great Western Mining Corporation plc
Great Western Mining Corporation plc
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.