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Great Western Minerals Group Updates True Blue REE Exploration Program: Claim Staking Triples Property Size

20.07.2010  |  Marketwire

SASKATOON, SASKATCHEWAN -- (Marketwire) -- 07/20/10 -- Great Western Minerals Group ('GWMG' or the 'Company') (TSX VENTURE: GWG) (OTCQX: GWMGF) (PINK SHEETS: GWMGF) is pleased to provide an update on the work to date on the Rare Earth Element ('REE') exploration program on the True Blue Property located 55 km south of Ross River, Yukon.


Under the terms of the Option Agreement with True North Gems Inc. ('TGX'), GWMG has an option to acquire up to a 65% working interest in TGX's True Blue property and Area of Interest in exchange for carrying TGX through to completion of a bankable feasibility study.


During the first month of the exploration program work has progressed as follows:



-- Staked an additional 207 claims to cover the entire host syenite and its
metamorphic aureole which encompasses most of the Area of Influence. The
total claim holding is now 301 claims.
-- Stream sediment samples have been collected at the base of the mountains
from all active streams that drain the old and new claim blocks.
-- Chip sampling and soil sampling along talus slopes below reported
mineralization is ongoing. These samples have been collected below the
reported Shark Bowl, Gill, Fin, Garnet Allanite (Camp or Ukon #5,), Ukon
#1, Ukon #3, Ukon #4, Ukon #8, Ukon REE #1, Ukon REE #2, Ukon REE #3 and
Verley Showings.
-- Prospecting and geological mapping of the known showings is ongoing.
-- The stream, soil and rock geochem samples have been shipped for analysis
to Acme Labs in Whitehorse and the results are expected by early August.
-- New Sense Geophysics Ltd. has initiated a 970 kilometer helicopter-borne
aeromagnetic and spectrometric survey.


John Pearson, Vice-President, Exploration with Great Western Minerals Group said, 'The Airborne geophysical survey and the stream sediment and heavy mineral concentrate samples will allow us to identify new areas of mineralization while the prospecting, geology and soil surveys will aid in delineating and evaluating the known zones of mineralization. We expect to have the first set of geochemical analysis back in early August which will allow us time to follow up any new anomalies.'


John Pearson, MSc, PGeo, Vice-President Exploration for GWMG, is the qualified person responsible for reviewing the contents of this news release.


Jim Engdahl, President and CEO


Great Western Minerals Group Ltd. is an integrated Rare Earths producer. 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, UK and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminum, nickel, cobalt and Rare Earth Elements. As part of the Company's vertical integration strategy, GWMG holds an option with respect to the former Rare Earths producing Steenkampskraal mine in South Africa as well as seven 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 satisfaction by GWMG of the conditions required to exercise the Steenkampskraal option, receipt of all required approvals 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 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.


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.

226 Cardinal Crescent

Saskatoon, SK S7L 6H8



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