Great Western Minerals Group Provides Update on Benjamin River Exploration Project
SASKATOON, SASKATCHEWAN -- (Marketwire) -- 09/10/10 -- Great Western Minerals Group Ltd. ('GWMG' or the 'Company'), (TSX VENTURE: GWG) (OTCQX: GWMGF) announces that during November and December, 2009, GWMG carried out an 11-hole, 2,382-meter drilling program to evaluate Rare Earth Element (REE)/phosphate mineral showings at the Company's Benjamin River exploration project located in New Brunswick. This component of the exploration program did not intersect significant REE/phosphate mineralization although there are other targets with similar magnetic signature and strong stream sediment geochem anomalies that are currently being evaluated.
This drilling delineated a complex suite of closely spaced, narrow, south dipping, east-west trending magnetite-apatite-pyroxene dykes which together define a north - south trending magnetite alteration zone along the margin of a gabbro body. The results are posted in the table below:
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Drill Hole
Number From (m) To (m) Core Length (m) TREO% P2O5%
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BR09-01 108.3 112.1 3.9 0.221 4.72
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BR09-01 117.7 119.3 1.4 0.539 8.15
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BR09-02 No Significant Mineralization
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BR09-03 96.8 99.4 2.6 0.131 0.49
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260.7 262.8 2.1 0.198 5.56
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266.0 268.9 2.9 0.229 4.99
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BR09-04 No Significant Mineralization
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BR09-05 17.2 26.9 9.7 0.363 5.54
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Including 24.5 26.9 2.4 0.669 8.68
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BR09-06 121.5 135.1 13.6 0.131 3.03
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BR09-07 30.4 31.1 0.7 0.262 4.54
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BR09-08 8.0 14.6 6.6 0.094 1.40
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BR09-09 No Significant Mineralization
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BR09-10 No Significant Mineralization
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BR09-11 9.6 17.5 7.9 0.161 3.25
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The airborne magnetic/radiometric survey delineated three other similar targets on the property (see October 29, 2009 News Release: 'Great Western Minerals Group Continues Work at Benjamin River'). A stream sediment sampling program carried out in October and November 2009 (489 samples) delineated anomalous REE and/or phosphate values proximal to these magnetic anomalies. These features are currently being evaluated by geological mapping, soil geochemistry and backhoe trenching in order to define the presence of in situ REE mineralization.
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 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 produced at the former producing Steenkampskraal mine in South Africa and holds 20.8% ownership in Rare Earth Extraction Co. Limited, the owner of the Steenkampskraal mine. GWMG also holds interests in 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 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.
Email inquiries should be made to info@gwmg.ca. The Company's website is at www.gwmg.ca. Inquiries by direct mail should be addressed to Great Western Minerals Group Ltd., 219 Robin Crescent, Saskatoon, SK S7L 6M8.
CUSIP: 39141Y 10 3
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Contacts:
Great Western Minerals Group Ltd.
Dwight Percy
Manager of Investor Relations
(306) 659-4500
info@gwmg.ca
www.gwmg.ca