Post by Franko10 ™ on Sept 20, 2004 15:08:23 GMT -5
Great Western Gold Corp. 679 Kentons Run Avenue Henderson, Nevada USA 89052-2823 CDNX: GWG
CUSIP: 39144H107
January 23, 2002
FURTHER HIGH-TECH POTENTIAL AT HOIDAS LAKE
Neil P. Yingling, President, is pleased to announce that, further to the news release of December 11, 2001, initial results have been received for the special metallurgical work being carried out by Sierra Mineral Management (SMM) on samples from the Company's Hoidas Lake rare earth project in northern Saskatchewan. SMM carried out a multi-element investigation of composite core samples take from the JAK Zone drilling completed in 2001.
Initial results show that, in addition to the significant values for rare earth elements reported previously, the Hoidas mineralization also contains potentially economic amounts of titanium, gallium and scandium.
Scandium oxide values averaging 31g/t were obtained from the JAK skarn mineralization. Recent oxide prices range from US$800 to US$4,500 per kg depending on purity. Prices for scandium metal range from US$9,300 to $16,000 per kg. Demand for scandium has been increasing with its principal uses being in high-strength, lightweight aluminum alloys, electronics and laser research. Future increase in demand is expected to come from fuel cells.
Gallium is presently averaging 20 g/t. Increased demand for gallium metal drove the price to over US$3,000 per kg in 2001 with recent prices of US$1,000 per kg. Over half of gallium demand comes from integrated circuit manufacturers and half from the optoelectronic industry which includes light-emitting diodes (LED's), photodetectors and solar cells. Increased use is coming from wireless communications applications.
Titanium dioxide assays average 1.05% in the rock immediately adjacent to the skarn mineralization. Titanium metal and titanium dioxide represent a huge industry in the US valued at US$3 to $4 billion. Titanium dioxide pigment is used in paints, plastics and paper products, while titanium metal is used mainly in aerospace applications. Prices vary depending on the form of titanium sold, but recent prices are around US$9 per kg.
SMM's analysis also showed that there may be economic benefits derived from the by-products of milling the Hoidas Lake ore. The skarn mineralization averages over 24% phosphate, which is a saleable commodity as phosphate rock used in phosphate fertilizer and phosphoric acid manufacturing. Phosphate fertilizer could be produced on-site. This also dramatically reduces the size requirement of a tailings facility.
These latest results further emphasize the importance of the Hoidas Lake deposit in a North American context as both scandium and gallium must be imported from foreign sources.
Further results from SMM are expected in February and will be reported when they are received.
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Great Western Gold Corp. is a diversified, Saskatchewan-based, Canadian mining exploration and development company exploring for diamonds and rare earth elements in the Province of Saskatchewan.
For further information, call Neil Yingling at 1 702 896 6724, Len Willetts at 1 905 544 8502 or Gary Billingsley at 1 306 220 5377.
GREAT WESTERN GOLD CORP.
Neil Yingling
President
The Canadian Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the forgoing.
© 2004 Great Western Minerals Group Ltd.
CUSIP: 39144H107
January 23, 2002
FURTHER HIGH-TECH POTENTIAL AT HOIDAS LAKE
Neil P. Yingling, President, is pleased to announce that, further to the news release of December 11, 2001, initial results have been received for the special metallurgical work being carried out by Sierra Mineral Management (SMM) on samples from the Company's Hoidas Lake rare earth project in northern Saskatchewan. SMM carried out a multi-element investigation of composite core samples take from the JAK Zone drilling completed in 2001.
Initial results show that, in addition to the significant values for rare earth elements reported previously, the Hoidas mineralization also contains potentially economic amounts of titanium, gallium and scandium.
Scandium oxide values averaging 31g/t were obtained from the JAK skarn mineralization. Recent oxide prices range from US$800 to US$4,500 per kg depending on purity. Prices for scandium metal range from US$9,300 to $16,000 per kg. Demand for scandium has been increasing with its principal uses being in high-strength, lightweight aluminum alloys, electronics and laser research. Future increase in demand is expected to come from fuel cells.
Gallium is presently averaging 20 g/t. Increased demand for gallium metal drove the price to over US$3,000 per kg in 2001 with recent prices of US$1,000 per kg. Over half of gallium demand comes from integrated circuit manufacturers and half from the optoelectronic industry which includes light-emitting diodes (LED's), photodetectors and solar cells. Increased use is coming from wireless communications applications.
Titanium dioxide assays average 1.05% in the rock immediately adjacent to the skarn mineralization. Titanium metal and titanium dioxide represent a huge industry in the US valued at US$3 to $4 billion. Titanium dioxide pigment is used in paints, plastics and paper products, while titanium metal is used mainly in aerospace applications. Prices vary depending on the form of titanium sold, but recent prices are around US$9 per kg.
SMM's analysis also showed that there may be economic benefits derived from the by-products of milling the Hoidas Lake ore. The skarn mineralization averages over 24% phosphate, which is a saleable commodity as phosphate rock used in phosphate fertilizer and phosphoric acid manufacturing. Phosphate fertilizer could be produced on-site. This also dramatically reduces the size requirement of a tailings facility.
These latest results further emphasize the importance of the Hoidas Lake deposit in a North American context as both scandium and gallium must be imported from foreign sources.
Further results from SMM are expected in February and will be reported when they are received.
--------------------------------------------------------------------------------
Great Western Gold Corp. is a diversified, Saskatchewan-based, Canadian mining exploration and development company exploring for diamonds and rare earth elements in the Province of Saskatchewan.
For further information, call Neil Yingling at 1 702 896 6724, Len Willetts at 1 905 544 8502 or Gary Billingsley at 1 306 220 5377.
GREAT WESTERN GOLD CORP.
Neil Yingling
President
The Canadian Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the forgoing.
© 2004 Great Western Minerals Group Ltd.