Owner
Post by Franko10 ™ on Sept 20, 2004 14:17:15 GMT -5
Great Western Gold Corp.
Suite 303, 416 21st Street East
Saskatoon, SK S7K 0C2
CDNX: GWG
CUSIP: 39144H107
October 3, 2000
CLJV Diamond Project-Drill Targets Selected
Gary Billingsley, President, is pleased to report that the first phase of the high-definition ground magnetic and resistivity survey carried out in proximity to Pipe 29/30 is complete. As a result of the survey, an area 200 to 600 metres from the current boundary of the existing kimberlite has been selected for drill testing. The target area is marked by high resistivity and a subtle magnetic geophysical response. The target may represent a separate eruptive centre away from Pipe 29/30 with the kimberlite coalescing with that of Pipe 29/30 to form a significantly larger kimberlite body than is presently indicated by drilling. This interpretation is speculative at this point, however, and additional drilling is needed to fully delineate the horizontal and vertical extent of the kimberlite.
Permitting for the drill program is in progress and drilling is expected to commence by mid-October.
The geophysical crew is now moving to Pipe 28 where a similar survey will be completed over selected areas in the vicinity of the known kimberlite.
Pipes 28 and 29/30 are situated on lands forming part of the Candle Lake Joint Venture ("CLJV") and are located approximately 115 km NE of Prince Albert, Saskatchewan, in an area accessible by road year-round.
The CLJV is a joint venture between Great Western Gold Corp. and War Eagle Mining Company Inc. Pursuant to a Letter of Intent signed June 15, 2000, the parties are finalizing a purchase agreement whereby Great Western Gold will acquire an 80 percent interest in the CLJV and will carry War Eagle's 20 percent interest until the completion of a bankable feasibility study. The CLJV lands cover 47 claims totaling 56,000 acres.
--------------------------------------------------------------------------------
Great Western Gold Corp. is a Saskatchewan-based corporation engaged in the acquisition, exploration and development of unique and strategic mineral properties including diamonds and rare earth elements. Shares of the Company trade on the Canadian Venture Exchange under the symbol GWG.
For further information, please call Gary Billingsley at 1 306 664 0028.
GREAT WESTERN GOLD CORP.
Gary Billingsley
President
The Canadian Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
© 2004 Great Western Minerals Group Ltd.
Suite 303, 416 21st Street East
Saskatoon, SK S7K 0C2
CDNX: GWG
CUSIP: 39144H107
October 3, 2000
CLJV Diamond Project-Drill Targets Selected
Gary Billingsley, President, is pleased to report that the first phase of the high-definition ground magnetic and resistivity survey carried out in proximity to Pipe 29/30 is complete. As a result of the survey, an area 200 to 600 metres from the current boundary of the existing kimberlite has been selected for drill testing. The target area is marked by high resistivity and a subtle magnetic geophysical response. The target may represent a separate eruptive centre away from Pipe 29/30 with the kimberlite coalescing with that of Pipe 29/30 to form a significantly larger kimberlite body than is presently indicated by drilling. This interpretation is speculative at this point, however, and additional drilling is needed to fully delineate the horizontal and vertical extent of the kimberlite.
Permitting for the drill program is in progress and drilling is expected to commence by mid-October.
The geophysical crew is now moving to Pipe 28 where a similar survey will be completed over selected areas in the vicinity of the known kimberlite.
Pipes 28 and 29/30 are situated on lands forming part of the Candle Lake Joint Venture ("CLJV") and are located approximately 115 km NE of Prince Albert, Saskatchewan, in an area accessible by road year-round.
The CLJV is a joint venture between Great Western Gold Corp. and War Eagle Mining Company Inc. Pursuant to a Letter of Intent signed June 15, 2000, the parties are finalizing a purchase agreement whereby Great Western Gold will acquire an 80 percent interest in the CLJV and will carry War Eagle's 20 percent interest until the completion of a bankable feasibility study. The CLJV lands cover 47 claims totaling 56,000 acres.
--------------------------------------------------------------------------------
Great Western Gold Corp. is a Saskatchewan-based corporation engaged in the acquisition, exploration and development of unique and strategic mineral properties including diamonds and rare earth elements. Shares of the Company trade on the Canadian Venture Exchange under the symbol GWG.
For further information, please call Gary Billingsley at 1 306 664 0028.
GREAT WESTERN GOLD CORP.
Gary Billingsley
President
The Canadian Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
© 2004 Great Western Minerals Group Ltd.
