September 14, 2004 Sept 20, 2004 15:53:12 GMT -5
Post by Franko10 ™ on Sept 20, 2004 15:53:12 GMT -5
EXTENSION TO HOIDAS LAKE RARE EARTH ZONE CONFIRMED
Gary Billingsley, President, is pleased to report that additional zones of rare earth mineralization have been identified over a strike length of 9 km, along strike and within the same fault zone as the JAK Zone. The structure, mineralogy and geological setting indicate that the zones are structurally connected. The southernmost showing is located at the south end of Nisikkatch Lake (the next large lake SSW of Hoidas Lake), 9 km SSW of the JAK Zone and 6km SSW of the newly discovered Hoidas South showing (announced in the August 23rd, 2004, news release).
The Hoidas South showing, where exposed, is up to 5.5 metres wide in the central portion, with two flanking parallel veins exposed, varying in width from 1 to 2 metres. The Nisikkatch South showing also has 3 parallel veins exposed over 210 metres of strike-length, with widths of approximately 2 metres in each vein. Both the Hoidas South and Nisikkatch South showings contain the same apatite-allanite rare earth mineralization seen at the JAK Zone. Drilling has been completed at the JAK Zone on 50 metre spacing over a 500 metre strike length to a depth of approximately 75 metres. The central portion of the JAK Zone varies in width from 3 to 12 metres with average grades of up to 4.4% total rare earth oxide over 6.9 metres.
While drilling from the ice will be required to confirm the continuity of the rare earth mineralization, the fact that the mineralization has now been exposed in outcrop along a 9 km strike-length and over significant widths is an extremely positive indicator as to the ultimate tonnage potential on the Hoidas Lake property.
Assays from the initial chip samples from the Hoidas South and Nisikkatch South showings are pending and will be released when received.
The rare earth elements are critical to major alternate energy applications such as fuel cells, rechargeable batteries, hydrogen storage and permanent magnet motors. The 100%-owned Hoidas Lake property is located in northern Saskatchewan and is one of the very few primary, high-grade rare earth deposits in the world.
Gary L. Billingsley, C.A., P.Eng., P.Geo.
For further information contact the Company at (306) 668-0701. All email inquiries should be made to firstname.lastname@example.org (website: http://www.gwmg.ca) Direct mail: Great Western Minerals Group Ltd., 119A Cardinal Crescent, Saskatoon, SK S7L 6H5
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© 2004 Great Western Minerals Group Ltd.