Post by Franko10 ™ on Sept 20, 2004 14:27:42 GMT -5
Great Western Gold Corp.
Suite 303, 416 21st Street East
Saskatoon, SK S7K 0C2
CDNX: GWG
CUSIP: 39144H107
April 17, 2001
Hoidas Lake Jak Zone Initial Assay Results
Gary Billingsley, President, is very pleased to report the initial assay results from this winter’s drill program on the JAK zone on the Company’s Hoidas Lake rare earth project in northern Saskatchewan.
Results to date confirm a significant zone of high-grade mineralization along with impressive values over wide intervals in the surrounding rock.
The drill program was conducted to test trenching on the JAK zone, completed in 1999, that indicated the presence of significant rare earth mineralization. Sixteen NQ-size drill holes were collared over a 475-metre strike length, recovering approximately 1,100 metres of core. One hole was abandoned.
The core was logged and split with the samples sent to the Saskatchewan Research Council in Saskatoon for assay. Samples were prepared using fusion and ICP with a lower detection limit of 0.002% (20 ppm). For calculation purposes all results below 0.002% were assigned a zero value. The initial sampling focus was on the fault structure, known to contain high rare earth values in skarn mineralization, but a significant portion of the footwall and hanging wall granitic gneisses and mylonite were also sampled.
The following chart summarizes weighted average results for each hole based on selected fault-related mineralization (skarn) in each hole as well as the weighted average grades over the entire sampled unit. Holes are arranged on-section from south to north. Assays are expressed as percent total rare earth oxides (TREO) and include Ce, Dy, Er, Eu, Gd, Hf, Ho, La, Lu, Nd, Pr, Sm, Tb, Th, Tm and Y.
Hole No. Section m Angle Skarn
Width m TREO % Sampled
Width m TREO %
HL01-15 0N -45 2.0 2.63 4.9 0.63
HL01-16 0N -65 3.5 3.59 90.4 0.27
HL01-08 50N -45 4.9 4.22 24.2 1.22
HL01-09 50N -65 5.2 4.62 55.8 0.64
HL01-06 100N -41 3.0 4.50 23.8 0.64
HL01-07 100N -65 4.2 4.53 37.3 0.57
HL01-03 175N -45 3.4 4.38 44.1 0.48
HL01-04 175N -65 2.3 3.93 35.8 0.27
HL01-01 225N -45 3.3 1.16 27.9 0.32
HL01-02 225N -65 2.3 2.62 36.0 0.47
HL01-10 275N -45 1.3 3.27 12.6 1.34
HL01-11 325N -45 6.7 1.88 24.1 0.73
HL01-12 375N -45 2.9 3.47 68.2 0.39
HL01-13 425N -50 4.9 4.30 44.9 0.67
HL01-14 475N -50 6.9 4.41 66.7 0.71
The table includes only one of multiple zones and does not include a hanging wall zone that produced the highest single assays of 14.11% over 0.5 m in HL01-08 and 9.70% over 0.5 m in HL01-09. All holes started and ended in mineralization with the deepest intersection in hole HL01-14 at approximately 65 metres depth.
Core angles suggest the skarn widths are approximately true widths, but the true widths of the footwall and hanging wall rocks cannot as yet be determined.
Concurrent with the drilling, ground geophysics was carried out to see if the mineralized zone could be detected. Results were excellent and anomalies were interpreted to conclude that there was a broad band of mineralization containing multiple parallel and sub-parallel zones representing the high-grade skarn. The drilling proved this out, but none of the holes completely crossed the anomaly.
The JAK zone has been traced for over 700 metres along strike using geophysics and is only one of at least 15 similar rare earth showings located over the six-mile strike length of the fault.
Further drilling, to be commenced after breakup, will include infill drilling on the JAK zone along with deeper holes with the goal of starting a reserve base for a third party reserve calculation. The remainder of the core will be split and metallurgical testing will commence to determine the most effective and economical method to extract the rare earth elements. An aggressive prospecting and geophysical program will be carried out over the other known showings on the property and environmental baseline work will be started.
Rare earths are a high-value commodity used in high-technology applications. In the last month, the Company has been contacted by both Japanese and US concerns seeking a secure North American supplier of rare earths. In preparation for rapid advancement of the project, the Company through its Technical Advisor, Neil Yingling, has initiated a business and economic development program with business, industry and government in North America. The Company is determined to take early, definitive action to prepare it's market. The U.S. office has activated a program to ensure all assay data and property information is communicated to processors, rare earth buyers and manufacturers requiring rare earth elements in their products, once that information is in the public domain. This includes those involved in rare earth use for hybrid automobiles, computers, rechargeable battery manufacturers, and applications in aerospace reflective coatings, EMI/RFI shielding, semiconductors, circuit boards, MRI's, fuel cells and more.
The Company is earning a 70% interest in the Hoidas Lake project from Daren Industries Ltd. (CDNX:DIL) of Vancouver.
--------------------------------------------------------------------------------
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, or in the USA, Neil Yingling at 1 702 896 6724
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
April 17, 2001
Hoidas Lake Jak Zone Initial Assay Results
Gary Billingsley, President, is very pleased to report the initial assay results from this winter’s drill program on the JAK zone on the Company’s Hoidas Lake rare earth project in northern Saskatchewan.
Results to date confirm a significant zone of high-grade mineralization along with impressive values over wide intervals in the surrounding rock.
The drill program was conducted to test trenching on the JAK zone, completed in 1999, that indicated the presence of significant rare earth mineralization. Sixteen NQ-size drill holes were collared over a 475-metre strike length, recovering approximately 1,100 metres of core. One hole was abandoned.
The core was logged and split with the samples sent to the Saskatchewan Research Council in Saskatoon for assay. Samples were prepared using fusion and ICP with a lower detection limit of 0.002% (20 ppm). For calculation purposes all results below 0.002% were assigned a zero value. The initial sampling focus was on the fault structure, known to contain high rare earth values in skarn mineralization, but a significant portion of the footwall and hanging wall granitic gneisses and mylonite were also sampled.
The following chart summarizes weighted average results for each hole based on selected fault-related mineralization (skarn) in each hole as well as the weighted average grades over the entire sampled unit. Holes are arranged on-section from south to north. Assays are expressed as percent total rare earth oxides (TREO) and include Ce, Dy, Er, Eu, Gd, Hf, Ho, La, Lu, Nd, Pr, Sm, Tb, Th, Tm and Y.
Hole No. Section m Angle Skarn
Width m TREO % Sampled
Width m TREO %
HL01-15 0N -45 2.0 2.63 4.9 0.63
HL01-16 0N -65 3.5 3.59 90.4 0.27
HL01-08 50N -45 4.9 4.22 24.2 1.22
HL01-09 50N -65 5.2 4.62 55.8 0.64
HL01-06 100N -41 3.0 4.50 23.8 0.64
HL01-07 100N -65 4.2 4.53 37.3 0.57
HL01-03 175N -45 3.4 4.38 44.1 0.48
HL01-04 175N -65 2.3 3.93 35.8 0.27
HL01-01 225N -45 3.3 1.16 27.9 0.32
HL01-02 225N -65 2.3 2.62 36.0 0.47
HL01-10 275N -45 1.3 3.27 12.6 1.34
HL01-11 325N -45 6.7 1.88 24.1 0.73
HL01-12 375N -45 2.9 3.47 68.2 0.39
HL01-13 425N -50 4.9 4.30 44.9 0.67
HL01-14 475N -50 6.9 4.41 66.7 0.71
The table includes only one of multiple zones and does not include a hanging wall zone that produced the highest single assays of 14.11% over 0.5 m in HL01-08 and 9.70% over 0.5 m in HL01-09. All holes started and ended in mineralization with the deepest intersection in hole HL01-14 at approximately 65 metres depth.
Core angles suggest the skarn widths are approximately true widths, but the true widths of the footwall and hanging wall rocks cannot as yet be determined.
Concurrent with the drilling, ground geophysics was carried out to see if the mineralized zone could be detected. Results were excellent and anomalies were interpreted to conclude that there was a broad band of mineralization containing multiple parallel and sub-parallel zones representing the high-grade skarn. The drilling proved this out, but none of the holes completely crossed the anomaly.
The JAK zone has been traced for over 700 metres along strike using geophysics and is only one of at least 15 similar rare earth showings located over the six-mile strike length of the fault.
Further drilling, to be commenced after breakup, will include infill drilling on the JAK zone along with deeper holes with the goal of starting a reserve base for a third party reserve calculation. The remainder of the core will be split and metallurgical testing will commence to determine the most effective and economical method to extract the rare earth elements. An aggressive prospecting and geophysical program will be carried out over the other known showings on the property and environmental baseline work will be started.
Rare earths are a high-value commodity used in high-technology applications. In the last month, the Company has been contacted by both Japanese and US concerns seeking a secure North American supplier of rare earths. In preparation for rapid advancement of the project, the Company through its Technical Advisor, Neil Yingling, has initiated a business and economic development program with business, industry and government in North America. The Company is determined to take early, definitive action to prepare it's market. The U.S. office has activated a program to ensure all assay data and property information is communicated to processors, rare earth buyers and manufacturers requiring rare earth elements in their products, once that information is in the public domain. This includes those involved in rare earth use for hybrid automobiles, computers, rechargeable battery manufacturers, and applications in aerospace reflective coatings, EMI/RFI shielding, semiconductors, circuit boards, MRI's, fuel cells and more.
The Company is earning a 70% interest in the Hoidas Lake project from Daren Industries Ltd. (CDNX:DIL) of Vancouver.
--------------------------------------------------------------------------------
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, or in the USA, Neil Yingling at 1 702 896 6724
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.