🕐12.09.08 - 14:49 Uhr
GREAT WESTERN MINERALS DETAILS NEW HOIDAS LAKE FOOTWALL ZONE
GREAT WESTERN MINERALS GROUP LTD
TSX Venture Symbol: GWG
Pink Sheets: GWMGF
CUSIP: 39141Y 10 3
September 12, 2008
GREAT WESTERN MINERALS DETAILS NEW HOIDAS LAKE FOOTWALL ZONE
Great Western Minerals Group Ltd.
("GWMG" or "the Company") is pleased
to announce the assay results that detail the new footwall zone
discovered during last winters drilling program at its Hoidas Lake
Project located 50 km northeast of Uranium City in Northern
Saskatchewan.
This new zone lies approximately 30 m into the footwall or northwest of
the JAK II Zone, has been traced along strike for 250 m and was
intersected at depths between 166 m and 315 m below surface.
This new
footwall zone is an unexpected, blind discovery with no geophysical or
geochemical expression that would have otherwise indicated its presence.
The grades of the zone vary from 0.49% TREO over a core length of 7.4 m
to 2.1 % TREO over core length of 10.9 m.
with interval grades grading
up to 4.6% over a core length of 3.6 m, as outlined in the following
table:
Line Hole From To Core True Depth of Grade
Number (m) m) Width Width Intercept
(% TREO)
(m) (m) (m)
0+00 HL08-135 184.8 192.2 7.4 5.66 166
0.49
1+00N HL08-125 239.4 250.5 10.9 8.34 215
2.16
including 237.6 243.3 3.7 2.83
1.89
245.9 250.5 3.6 2.75
4.61
1+25N HL08-150 346.1 353.3 7.2 5.51 315
0.97
1+50N HL08-126 242.9 250.4 7.5 5.74 227
1.70
Including 242.9 247.4 4.5 3.44
2.30
2+25N HL08-144 No significant intersection
2+50N HL08-131 230.25 234.35 4.1 3.14 246
2.36
TREO - Total Rare Earth Oxide
This new zone remains open to the south, at depth, and also up dip.
The
grades identified in this zone are consistent with those of the resource
identified in previous drilling.
Additional drilling will be required to
obtain further data to incorporate this zone into the resource
calculation.
The results from the remainder of winter drill program are
currently being compiled, reviewed, and incorporated into an updated
resource estimate to be released at a later date.
Jim Engdahl, President and CEO of Great Western Minerals Group said,
"Our original objective remains in place to at least double the size of
the resource at Hoidas Lake.
The discovery of this new zone demonstrates
the potential to significantly expand that resource which could greatly
enhance the viability of the project.
This new zone may also provide
additional working faces for a future mining operation which could
increase the production rate or extend the life of the mine."
John Pearson, P.Geo., is the Qualified Person responsible for reviewing
the contents of this release.
Great Western Minerals Group Ltd.
is a Canadian-based company exploring
for, and developing, strategic metal resources for the global markets.
Pursuing a vertically-integrated business model, the Companys
wholly-owned subsidiaries of Less Common Metals Ltd.
located in
Birkenhead UK, and Great Western Technologies Inc., located in Troy,
Michigan, produce a variety of specialty alloys used in the battery,
magnet, aerospace and nuclear industries.
These "designer" alloys
include those containing copper, nickel, cobalt and the rare earth
elements.
Jim Engdahl.
President
For further information, please contact Ron Malashewski, Manager of
Investor Relations at (306) 659-4500.
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
Cautionary Statement on Forward-Looking Information: Certain information
set out in this News Release constitutes forward-looking information.
Forward-looking statements (often, but not always, identified by the use
of words such as "expect", "may", "could", "anticipate" or "will" and
similar expressions) 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.
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 TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.