Great Western Minerals Group Discovers New Showing at Douglas River: 2010 Exploration Results
June 16 2011 - 10:00AM
Marketwired
Great Western Minerals Group Ltd. (TSX VENTURE: GWG) (OTCQX: GWMGF)
("GWMG" or the "Company") is pleased to report the results of the
2010 exploration program at the Douglas River Rare Earth Project,
located in the western Athabasca Basin region of northern
Saskatchewan. The work program included geological mapping, till,
soil and biogeochemical surveys, trenching and core drilling.
The project area includes two claims - the Beatty River claim
and the Douglas River claim. The initial program in 2009 included
refurbishing and sampling the historic Beatty River trenches
discovered by Marline Oil during uranium exploration in 1977. These
trenches encountered high grade Heavy Rare Earth Oxide ("HREO")
mineralization (See GWMG News Release, October 9, 2009). This
program confirmed the results of the historic work. The historic
mineralization identified in the Douglas River area could not be
relocated.
During the 2010 exploration program, geological mapping on the
Beatty claim discovered a new showing named the Helipad showing.
Like the historic showing, the mineralization is concentrated in
porous sandstone channels within the Athabasca Sandstone in a
parallel, north-south structure 50 m to the west of the original
discovery (termed the Marline Showing). Two trenches tested this
showing. Sampling of the trenches gave grades of up to 2.31% Total
Rare Earth Oxides ("TREO") over 1.0 m in width and 3.0 m in depth,
of which 99% are HREO. Three trenches tested the extensions of the
Marline showing mineralization to the north and south. No
mineralization was identified to the north but REE ("Rare Earth
Elements") mineralization was encountered in the trench 5 m south
of the original trench. This trench had values of up to 1.14% TREO
over 1.2 m in width and 3.0 m in depth, of which 96% are HREE
("Heavy Rare Earth Elements"). The Rare Earth values, and the high
heavy Rare Earth component, are related to the mineral xenotime.
The results are shown below:
----------------------------------------------------------------------------
Vertical Horizontal HREO LREO
Trench Sample Wall From To Sample TREO % +Y % HREO +Y /
Interval(i) Interval (ii) (iii) TREO %
----------------------------------------------------------------------------
Helipad #1 1m South 0 70 70cm 0.07 0.06 0.01 88.36
----------------------------------------------------------------------------
Helipad #1 1m South 70 120 50cm 0.03 0.02 0.01 66.86
----------------------------------------------------------------------------
Helipad #1 2m South 0 100 100cm 0.41 0.40 0.01 96.83
----------------------------------------------------------------------------
Helipad #1 2m South 100 130 30cm 0.03 0.02 0.01 71.08
----------------------------------------------------------------------------
Helipad #1 3m South 0 100 100cm 2.31 2.29 0.02 99.19
----------------------------------------------------------------------------
Helipad #1 3m South 100 135 35cm 0.05 0.04 0.01 79.81
----------------------------------------------------------------------------
Helipad #1 4m South 0 70 70cm 0.02 0.01 0.01 59.73
----------------------------------------------------------------------------
Helipad #1 4m South 70 110 40cm 0.26 0.25 0.01 95.48
----------------------------------------------------------------------------
Helipad #1 5m South 0 35 35cm 0.04 0.03 0.01 78.51
----------------------------------------------------------------------------
Helipad #1 5m South 35 105 70cm 0.04 0.03 0.01 77.01
----------------------------------------------------------------------------
Helipad #1 6m North 0 100 100cm 0.02 0.01 0.01 49.18
----------------------------------------------------------------------------
Helipad #1 7m North 0 95 95cm 0.02 0.01 0.01 56.51
----------------------------------------------------------------------------
Helipad #1 6m South 0 100 100cm 0.02 0.01 0.01 58.54
----------------------------------------------------------------------------
Helipad #1 7m South 0 90 90cm 0.02 0.01 0.01 52.59
----------------------------------------------------------------------------
Helipad #1 8m South 0 65 65cm 0.02 0.01 0.01 49.50
----------------------------------------------------------------------------
Helipad #1 1m North 0 70 70cm 0.03 0.02 0.01 73.30
----------------------------------------------------------------------------
Helipad #1 1m North 70 160 900cm 0.04 0.03 0.01 81.00
----------------------------------------------------------------------------
Helipad #1 2m North 0 70 70cm 0.02 0.01 0.01 56.74
----------------------------------------------------------------------------
Helipad #1 2m North 70 160 90cm 0.03 0.03 0.01 75.38
----------------------------------------------------------------------------
Helipad #1 3m North 0 40 40cm 0.08 0.06 0.02 78.29
----------------------------------------------------------------------------
Helipad #1 3m North 40 100 60cm 2.07 2.06 0.02 99.27
----------------------------------------------------------------------------
Helipad #1 3m North 100 160 60cm 0.03 0.02 0.01 65.42
----------------------------------------------------------------------------
Helipad #1 4m North 0 55 55cm 0.03 0.02 0.01 66.86
----------------------------------------------------------------------------
Helipad #1 4m North 55 135 80cm 0.04 0.02 0.01 64.94
----------------------------------------------------------------------------
Helipad #1 5m North 0 105 105cm 0.03 0.02 0.01 64.47
----------------------------------------------------------------------------
Helipad #1 6m North 0 100 100cm 0.02 0.01 0.01 58.54
----------------------------------------------------------------------------
Helipad #1 7m North 0 95 95cm 0.02 0.01 0.01 55.77
----------------------------------------------------------------------------
Helipad #1 8m North 0 70 70cm 0.02 0.01 0.01 60.99
----------------------------------------------------------------------------
Helipad #2 10m North 0 115 115cm 0.02 0.01 0.01 56.51
----------------------------------------------------------------------------
Helipad #2 11m North 0 95 95cm 0.02 0.01 0.01 59.63
----------------------------------------------------------------------------
Helipad #2 11m North 0 95 95cm 0.02 0.01 0.01 56.51
----------------------------------------------------------------------------
Helipad #2 10m North 0 115 115cm 0.02 0.01 0.01 56.51
----------------------------------------------------------------------------
Helipad #2 9m North 0 110 110cm 0.02 0.01 0.01 62.32
----------------------------------------------------------------------------
Helipad #2 8m North 0 115 115cm 0.58 0.57 0.01 98.14
----------------------------------------------------------------------------
Helipad #2 1m North 0 50 50cm 0.02 0.01 0.01 66.76
----------------------------------------------------------------------------
Helipad #2 1m North 50 80 30cm 0.03 0.01 0.01 54.61
----------------------------------------------------------------------------
Helipad #2 2m North 0 50 50cm 0.03 0.03 0.01 79.01
----------------------------------------------------------------------------
Helipad #2 2m North 50 95 45cm 0.03 0.02 0.01 65.90
----------------------------------------------------------------------------
Helipad #2 3m North 0 45 45cm 0.06 0.05 0.01 82.06
----------------------------------------------------------------------------
Helipad #2 3m North 45 90 45cm 0.03 0.02 0.01 71.34
----------------------------------------------------------------------------
Helipad #2 4m North 0 45 45cm 0.03 0.02 0.01 68.60
----------------------------------------------------------------------------
Helipad #2 4m North 45 105 60cm 0.05 0.04 0.01 80.93
----------------------------------------------------------------------------
Helipad #2 5m North 0 50 50cm 0.06 0.05 0.01 78.95
----------------------------------------------------------------------------
Helipad #2 5m North 50 100 50cm 0.03 0.02 0.01 65.77
----------------------------------------------------------------------------
Helipad #2 6m North 0 35 35cm 0.05 0.04 0.01 76.07
----------------------------------------------------------------------------
Helipad #2 6m North 35 80 45cm 0.14 0.13 0.01 91.32
----------------------------------------------------------------------------
Helipad #2 7m North 0 45 45cm 0.08 0.08 0.01 90.06
----------------------------------------------------------------------------
Helipad #2 7m North 45 70 25cm 0.07 0.07 0.01 90.40
----------------------------------------------------------------------------
Helipad #2 8m North 0 100 100cm 1.04 1.02 0.02 98.18
----------------------------------------------------------------------------
Helipad #2 9m North 0 95 95cm 0.02 0.01 0.01 47.43
----------------------------------------------------------------------------
Helipad #2 10m North 0 100 100cm 0.02 0.01 0.01 52.52
----------------------------------------------------------------------------
Helipad #2 11m North 0 100 100cm 0.02 0.01 0.01 62.32
----------------------------------------------------------------------------
Marline
South 1m South 0 20 20cm 4.04 3.99 0.05 98.85
----------------------------------------------------------------------------
Marline
South 1m South 20 85 65cm 0.05 0.04 0.01 79.99
----------------------------------------------------------------------------
Marline
South 2m South 0 50 50cm 0.11 0.10 0.01 93.46
----------------------------------------------------------------------------
Marline
South 2m South 50 100 50cm 0.15 0.14 0.01 93.08
----------------------------------------------------------------------------
Marline
South 3m South 0 60 60cm 0.04 0.03 0.01 68.03
----------------------------------------------------------------------------
Marline
South 3m South 0 120 120cm 0.03 0.02 0.01 69.91
----------------------------------------------------------------------------
Marline
South 4m South 0 75 75cm 0.03 0.03 0.01 75.43
----------------------------------------------------------------------------
Marline
South 4m South 75 150 75cm 0.03 0.02 0.01 68.47
----------------------------------------------------------------------------
Marline
South 5m South 0 62 62cm 0.03 0.02 0.01 70.78
----------------------------------------------------------------------------
Marline
South 5m South 62 125 63cm 0.03 0.03 0.01 79.01
----------------------------------------------------------------------------
Marline
South 1m North 0 80 80cm 0.50 0.46 0.04 91.93
----------------------------------------------------------------------------
Marline
South 2m North 0 55 55cm 0.28 0.25 0.03 88.27
----------------------------------------------------------------------------
Marline
South 2m North 55 110 55cm 0.19 0.18 0.01 93.29
----------------------------------------------------------------------------
Marline
South 3m North 0 60 60cm 1.17 1.12 0.05 95.81
----------------------------------------------------------------------------
Marline
South 3m North 60 120 60cm 1.12 1.09 0.03 97.48
----------------------------------------------------------------------------
Marline
South 4m North 0 50 50cm 0.61 0.58 0.02 95.92
----------------------------------------------------------------------------
(i)Samples are vertical chip samples measured from top of trench to bottom
of trench, horizontal interval is measured from west wall of each trench
(ii)HREO are Eu - Lu + Y
(iii)LREO are Ce - Sm
The geochemical surveys were focused on the southern third of
the Beatty Claim. The till sampling identified a dispersion train
with a source to the east and up ice from the Marline showing. The
biogeochemical surveys identified eight areas anomalous in REE and
other elements while the soil survey identified seven areas
anomalously enriched in REE of which five were coincident with the
biogeochemical anomalies.
Core drilling (14 drill holes, 1,006.2 m) tested the Marline
showings, the Helipad showings and four of the geochemical
anomalies. The drill holes failed to encounter any significant REE
mineralization.
"While we were generally pleased with the trenching results,
which showed significant concentrations of heavy Rare Earths
locally, we were disappointed that the drilling did not pick up
similar results to the trenching", said Jim Engdahl, President.
"However, we remain encouraged that, with a focused exploration
effort, the potential exists to establish a resource from multiple
occurrences of heavy Rare Earth enriched mineralization."
During 2011 GWMG will carry out geological mapping, prospecting
and geochemical surveys over the northern two thirds of the Beatty
Claim and will detail the anomalies identified in the 2010 program
in order to determine the geological controls of the geochemical
anomalies.
John Pearson, MSc, P.Geo, Vice-President Exploration for GWMG,
is the qualified person responsible for reviewing the contents of
this news release.
Great Western Minerals Group Ltd. is an integrated Rare Earths
processor. Its specialty alloys are used in the battery, magnet and
aerospace industries. Produced at the Company's wholly owned
subsidiaries Less Common Metals Limited in Birkenhead, U.K. and
Great Western Technologies Inc. in Troy, Michigan, these alloys
contain aluminium, nickel, cobalt and Rare Earth Elements. As part
of the Company's vertical integration strategy, GWMG has signed an
Off-take Agreement for 100% of the Rare Earth Elements to be
produced at the former producing Steenkampskraal Mine in South
Africa and holds 93.1% equity ownership in Rare Earth Extraction
Co. Limited, the owner of the Steenkampskraal Mine. In addition to
a planned exploration program at Steenkampskraal, GWMG also holds
interests in five Rare Earth exploration and development properties
in North America.
Certain information set out in this News Release constitutes
forward-looking information. Forward-looking statements (often, but
not always, identified by the use of words such as "expect", "may",
"could", "anticipate" or "will" and similar expressions) may
describe expectations, opinions or guidance that are not statements
of fact and which may be based upon information provided by third
parties. Forward-looking statements are based upon the opinions,
expectations and estimates of management of GWMG as at the date the
statements are made and are subject to a variety of known and
unknown risks and uncertainties and other factors that could cause
actual events or outcomes to differ materially from those
anticipated or implied by such forward-looking statements. Those
factors include, but are not limited to, the results of the
exploration program, a resource estimate and commencement of
production at Steenkampskraal, satisfaction of the conditions
precedent with respect to GWMG's offtake agreement, receipt of all
required approvals (including those relating to the commencement of
production at the Steenkampskraal mine) and risks, uncertainties
and other factors that are beyond the control of GWMG, risks
associated with the industry in general, commodity prices and
exchange rate changes, operational risks associated with
exploration, development and production operations, delays or
changes in plans, risks associated with the uncertainty of reserve
or resource estimates, health and safety risks and the uncertainty
of estimates and projections of production, costs and expenses. In
light of the risks and uncertainties associated with
forward-looking statements, readers are cautioned not to place
undue reliance upon forward-looking information. Although GWMG
believes that the expectations reflected in the forward-looking
statements set out in this press release or incorporated herein by
reference are reasonable, it can give no assurance that such
expectations will prove to have been correct. The forward-looking
statements of GWMG contained in this News Release, or incorporated
herein by reference, are expressly qualified, in their entirety, by
this cautionary statement and the risk factors contained in GWMG's
current annual information form available at www.sedar.com.
CUSIP: 39141Y 10 3
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Great Western Minerals Group Ltd. Dwight Percy Manager
of Investor Relations (306) 659-4500 info@gwmg.ca www.gwmg.ca Great
Western Minerals Group Ltd. 219 Robin Crescent Saskatoon, SK S7L
6M8
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