Great Western Minerals (CVE:GWG)(OTCQX:GWMGF) Tuesday reported on the latest phase of its drill program at the Steenkampskraal rare earth element (REE) property in South Africa, that has doubled the area of interest at the site.
These most recent drill intercepts were from four areas surrounding
the main mine workings, all outside the previously reported NI 43-101
In May, the company said its NI 43-101 report indicated the presence
of 13,823.64 metric tonnes of total rare earth oxides (TREO), including
yttrium, under the indicated resource category, and 14,147.76 metric
tonnes under the inferred resource category, each using a one per cent
Among the highlights of the Western Extension drill program,
REE-bearing monazite vein mineralization was encountered in seven of
eight drill holes and mineralization was up to 3.73 metres true
In the South Eastern Extension drill program, REE mineralization was
encountered in 10 of 12 drill holes, and mineralization was up to 3.0
metres true thickness.
The South Eastern Extension's mineralization extends southeast for
approximately 100 metres from the recently modeled resource area of
historic mine underground workings, the company said.
At the Eastern Flats Extension, the company said REE mineralization
was in 10 of 17 drill holes and mineralization was in excess of 3.0
metres true thickness in three drill holes, including up to 5.11 metres
The Eastern Flats Extension covers a broad area roughly 125 metres southeast and east of the known mine mineralization.
REE mineralization was also found in 17 of 20 drill holes at the
Office Block Extension with mineralization of up to 2.24 metres true
thickness. The boreholes are located approximately 330 metres east of
the main mine development area, and around 200 metres east of the thick
mineralized zone in the mid-Eastern Flats.
"We are very pleased with the success to date with the new phase of
our Steenkampskraal drill program," Great Western Minerals' president
and CEO Jim Engdahl said.
"While massive to disseminated REE-bearing monazite does not
automatically translate into uniform high grades, we are very encouraged
by the significant extensions of mineralization adjacent to the
previously announced mineral resource that have doubled the area of
interest to over 800 metres along strike.
"These results give the company a high degree of confidence about expanded development of this rare earth project."
Great Western Minerals said that step-out drilling continues along
strike and down-dip in this area as the extent of mineralization remains
open in all directions.
The historic mine "vein" at Steenkampskraal is comprised
predominantly of a rare earth-bearing monazite. The vein is variably
south-dipping, and was developed over a strike length of approximately
Past production, and extensive assaying from the first phase of
drilling and underground sampling, indicates that the monazite vein
material at Steenkampskraal contains from 0.4 to 46% TREO with a modeled
average of 18%.
Grades typically are dependent on the amount of diluting materials
within the vein structure such as quartz, feldspar, and sulphides, the
Great Western Minerals is an integrated rare earths processor. Its
specialty alloys are used in the battery, magnet and aerospace
industries. The company's stock was up nearly 1.3 per cent at 39.5 cents
Detailed drill program data is available at: http://www.gwmg.ca/gwmg-nr-3-jul-12.html