Owner
Post by Franko10 ™ on Sept 20, 2004 15:42:00 GMT -5
Great Western Minerals Group Ltd.
P.O. Box 69
Saskatoon, SK S7K 3K1
TSX VENTURE: GWG
USA OTC Symbol: GWMGF
CUSIP: 39141Y 10 3
October 14, 2003
PROGRESS REPORT
Gary Billingsley, President, is pleased to provide an update on current corporate and project activities.
The metallurgical sample taken at the Company's 100%-owned Hoidas Lake rare earth project in northern Saskatchewan is now enroute to Saskatoon. From there it will be sent to metallurgical processing facilities in Montana where metallurgical testwork will commence to finalize the design of the pilot plant for Hoidas Lake.
The Company, having completed the purchase of a 100% working interest in the Hoidas Lake property, is now engaged in negotiations to purchase the 3% overriding royalty, payable on production, from the third party vendor.
Neil Yingling, Chairman of the Technical Advisory Committee, has made significant progress in the initial funding of Great Western Diamonds Corp. (“GWD”), the Company subsidiary from which all diamond-related activity will take place. An agreement is now being prepared for the transfer of the Company's interest in the Candle Lake diamond property to GWD, and negotiations are underway for GWD to purchase the 20% interest in Candle Lake not currently held by GWG. This would give GWD a 100% working interest in the Candle Lake diamond property. Work on the necessary documents and requirements to take GWD public is also ongoing.
The Company anticipates an extremely busy fall and winter and further progress reports will be issued as the details and results of particular activities can be made available.
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Great Western Minerals Group Ltd. is a diversified, Saskatchewan-based, Canadian mining exploration and development company exploring for diamonds, gold and rare earth elements.
For further information Gary Billingsley at 1 306 220 5377 or Len Willetts at 1 905 544 8502
GREAT WESTERN MINERALS GROUP LTD.
Gary Billingsley
President
The TSX 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.
P.O. Box 69
Saskatoon, SK S7K 3K1
TSX VENTURE: GWG
USA OTC Symbol: GWMGF
CUSIP: 39141Y 10 3
October 14, 2003
PROGRESS REPORT
Gary Billingsley, President, is pleased to provide an update on current corporate and project activities.
The metallurgical sample taken at the Company's 100%-owned Hoidas Lake rare earth project in northern Saskatchewan is now enroute to Saskatoon. From there it will be sent to metallurgical processing facilities in Montana where metallurgical testwork will commence to finalize the design of the pilot plant for Hoidas Lake.
The Company, having completed the purchase of a 100% working interest in the Hoidas Lake property, is now engaged in negotiations to purchase the 3% overriding royalty, payable on production, from the third party vendor.
Neil Yingling, Chairman of the Technical Advisory Committee, has made significant progress in the initial funding of Great Western Diamonds Corp. (“GWD”), the Company subsidiary from which all diamond-related activity will take place. An agreement is now being prepared for the transfer of the Company's interest in the Candle Lake diamond property to GWD, and negotiations are underway for GWD to purchase the 20% interest in Candle Lake not currently held by GWG. This would give GWD a 100% working interest in the Candle Lake diamond property. Work on the necessary documents and requirements to take GWD public is also ongoing.
The Company anticipates an extremely busy fall and winter and further progress reports will be issued as the details and results of particular activities can be made available.
--------------------------------------------------------------------------------
Great Western Minerals Group Ltd. is a diversified, Saskatchewan-based, Canadian mining exploration and development company exploring for diamonds, gold and rare earth elements.
For further information Gary Billingsley at 1 306 220 5377 or Len Willetts at 1 905 544 8502
GREAT WESTERN MINERALS GROUP LTD.
Gary Billingsley
President
The TSX 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.
