Great Western Minerals Group Ltd.

Great Western Minerals Group Ltd.

September 12, 2008 08:00 ET

Great Western Minerals Details New Hoidas Lake Footwall Zone

SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 12, 2008) - Great Western Minerals Group Ltd. ("GWMG" or "the Company") (TSX VENTURE:GWG)(PINK SHEETS:GWMGF) is pleased to announce the assay results that detail the new footwall zone discovered during last winter's 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 (m) To (m) Core True Depth of Grade(%
Number Width Width Intercept TREO(i))
(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
(i)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 Company's 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 . 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.

CUSIP: 39141Y 10 3

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Great Western Minerals Group Ltd.
    Ron Malashewski
    Manager of Investor Relations
    (306) 659-4500