Proposed Admission to AIM and Authorisation to ...
16 December 2010
GREAT WESTERN MINING CORPORATION PLC
("Great Western Mining", "GWM" or the "Company")
Proposed Admission to AIM and Authorisation to Issue new Shares
Over the past four years Great Western Mining has been carrying out an extensive programme of exploration
in the Huntoon Valley and Excelsior Mountain area of Mineral County, Nevada, U.S.A.
Starting with a cache of maps and geological reports left by an old resident and prospector in the now
ghost town of Marietta, the Company surveyed and staked twenty-one lode claims covering some 420 acres in
2006. Since then an extensive programme of trenching, pit-work and sampling has resulted in the area under
claim being expanded to 410 lode claims extending over approximately 33 square kilometres.
Great Western Mining recently commissioned a Competent Person's Report as part of a suite of evidence to
support its initial view of the existence of substantial quantities of readily accessible minerals
including Copper, Uranium and precious metals. This report is supported by Advanced Space borne Thermal
Emission Reflectance Radiometer imagery data covering the area. This work was carried out by the NASA Jet
Propulsion Laboratory, and examined in conjunction with aero-magnetic surveys and geophysical
interpretations of data acquired. Accordingly, the Directors plan a multi bore-hole, core drilling campaign
in the spring of next year moving towards an eventual bankable feasibility study.
To facilitate this major expansion of the Company's exploration budget, Libertas Partners LLP has been
appointed as NOMAD and Broker to a potential Placing and Admission to AIM. Although the precise details of
the Placing have not yet been finalised, the intention is to raise sufficient money to fund a twelve-month
exploration programme. For this reason the Company plans to seek shareholder approval for an increase in
the Issued Share Capital to provide headroom for future funding requirements. A further announcement will
be made as and when appropriate.
Emmett O'Connell, Executive Chairman, commented:
"Significant time and resources have been invested to get us to our present strong position. We
firmly believe that Great Western Mining is sitting on a substantial asset of accessible minerals
and are delighted that Libertas is on board with us."
The Directors of the Company accept responsibility for this announcement.
CONTACT DETAILS:
Great Western Mining Corporation plc.
Emmett O'Connell, Executive Chairman Tel: +353 51 565844
Fax: +353 51 565 884
Email: emmett@iol.ie
Melvyn Quiller, U.K. Director, Chief Executive Tel: 0771 289 9588
SVS Securities Plc - PLUS Corporate Advisor Tel: 0207 638 5600
Alexander Brearley
SVS Securities Plc - Broker Tel: 0207 638 5600
Ian Callaway / Alexander Mattey
ABOUT GREAT WESTERN MINING CORPORATION PLC.
1. GWM is an Irish exploration company with rights over approximately 33 square kilometres of mineral lode
claims in Nevada. U.S.A.
2. GWM's shares are admitted to trading on PLUS-quoted in London, trading symbol GWMO.
3. Website: www.greatwesternmining.com
Great Western Mining Corporation plc
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