🕐22.10.09 - 12:50 Uhr
GREAT WESTERN MINERALS GROUP ENGAGES BARR ENGINEERING TO UPDATE HOIDAS LAKE TECHNICAL REPORT
GREAT WESTERN MINERALS GROUP ENGAGES BARR ENGINEERING TO UPDATE HOIDAS LAKE
TECHNICAL REPORT
October 22, 2009 - Saskatoon, Saskatchewan - Great Western Minerals Group
Ltd.
("GWMG" or the "Company") is pleased to announce it has engaged Barr
Engineering Company ("Barr") of Minneapolis Minnesota to update the 43-101
Technical Report for the Companys Hoidas Lake Project.
Barr is an employee-owned engineering and environmental consulting company
involved with the development, management, and restoration of natural
resources.
With more than 40 years of experience Barr has been involved in
solving a wide range of challenges faced by the mining and mineral
processing industry, primarily in North and South America.
Under the scope of this contract, Barr will update the resource estimate for
the Companys Hoidas Lake project, incorporating the results of the
Companys drilling program which was completed in the spring of 2008 on the
JAK Zone.
A total of 6,836 m was drilled in 32 holes to depths of 300 metres.
The JAK
Zone Vein System has been extended by 250 m to 1,000 metres and remains open
along strike and at depth.
The drilling also extended the zone to a depth of
300 m; previously, this zone had been tested only to a depth of 150 m.
Preliminary indications are that the extensions of the previously drilled
veins show similar mineralization to that previously identified in the JAK
Zone and are expected to have similar grades.
John Pearson, MSc., P.Geo., Vice-President Exploration for GWMG, is the
qualified person responsible for reviewing the contents of this news
release.
Jim Engdahl, President and CEO of Great Western Minerals Group said "We are
pleased to be able to get back on track more aggressively with our
exploration activities, particularly on our Hoidas Lake project.
As we noted
in previous releases, our objective was to double the resource estimate for
this project and this update could move us significantly down the road to
doing that.
What we still find exciting is the fact that our drilling
programs to date only cover about 1,000 metres of strike and indications
show it is open in all directions."
About Great Western Minerals Group Ltd.
Great Western Minerals Group Ltd.
is a Canadian-based company with six rare
earth exploration and development properties in North America with an option
on a sizable additional property in South Africa.
In addition, as part of
the Companys strategy to pursue a vertically-integrated business model, the
Companys wholly-owned subsidiaries of Less Common Metals Limited located in
Birkenhead UK, and Great Western Technologies Inc., located in Troy,
Michigan, produce a variety of specialty alloys for use in the battery,
magnet and aerospace industries.
These "designer" alloys include those
containing copper, nickel, cobalt and the rare earth elements.
For further information, please contact Ron Malashewski, Manager of Investor
Relations at (306) 659-4516.
Email inquiries should be made to
and the company website is located at www.gwmg.ca.
Inquiries by direct mail
should be addressed to Great Western Minerals Group Ltd., 226 Cardinal
Crescent, Saskatoon, SK S7L 6H8.
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this news release.
Certain information set out in this News Release constitutes forward-looking
information, which may include information relating to estimates of sales
and revenue of GWMG.
Forward-looking statements (often, but not always,
identified by the use of words such as "expect", "may", "could",
"anticipate" or "will" and similar expressions) may describe expectations,
opinions or guidance that are not statements of fact and which may be based
upon information provided by third parties.
Forward-looking statements are
based upon the opinions, expectations and estimates of management of the
Company as at the date the statements are made and are subject to a variety
of known and unknown risks and uncertainties and other factors that could
cause actual events or outcomes to differ materially from those anticipated
or implied by such forward-looking statements.
Those factors include risks,
uncertainties and other factors that are beyond the control of the Company,
risks associated with the industry in general, commodity prices and exchange
rate changes, operational risks associated with exploration, development and
production operations, delays or changes in plans, risks associated with the
uncertainty of reserve estimates, health and safety risks and the
uncertainty of estimates and projections of production, costs and expenses.
In light of the risks and uncertainties associated with forward-looking
statements, readers are cautioned not to place undue reliance upon
forward-looking information.
Although the Company believes that the
expectations reflected in the forward-looking statements set out in this
press release or incorporated herein by reference are reasonable, it can
give no assurance that such expectations will prove to have been correct.
The forward-looking statements of the Company contained in this press
release, or incorporated herein by reference, are expressly qualified, in
their entirety, by this cautionary statement.