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GREAT WESTERN MINERALS GROUP TO LAUNCH STEENKAMPSKRAAL EXPLORATION PROGRAM
GREAT WESTERN MINERALS GROUP TO LAUNCH STEENKAMPSKRAAL EXPLORATION PROGRAM.
About this update from Great Western Minerals Group Ltd
[{"type":"text","content":"GREAT WESTERN MINERALS GROUP LTD. NEWS RELEASE TSX Venture Symbol: GWG CUSIP: 39141Y 10 3OTCQX: GWMGF GREAT WESTERN MINERALS GROUP TO LAUNCH STEENKAMPSKRAAL EXPLORATION PROGRAM February 23, 2011 – Saskatoon, Canada: Great Western Minerals Group Ltd. (“GWMG” or the “Company”, TSX:V – GWG) announces that it has committed to an exploration program at the Company’s Steenkampskraal site in South Africa in conjunction with the ongoing feasibility work being carried out by SRK Consulting. GWMG will invest a minimum of $1.5 Million (Cdn.) in an exploration program, on site and regionally, that is scheduled to commence immediately upon receipt of the National Nuclear Regulator (“NNR”) approval for the on-site work program at Steenkampskraal related to the Bankable Feasibility Study currently being prepared by SRK Consulting. The NNR approval is expected within the first quarter of 2011. The Steenkampskraal Mine produced a monazite concentrate between 1952 and 1963. Monazite is a rare earth-bearing phosphate mineral that has been commercially processed globally for many years. There has been very limited exploration work carried out on the property historically, and when mining was stopped, due to thorium market conditions, the deposit had only been mined to a depth of approximately 100 metres. The Company recently purchased an extensive database of information from Anglo American PLC, the previous mine operators, which is invaluable in helping identify on site target areas for additional resources. Geologically, the mineralization is thought to have a magmatic source and part of the exploration program will include diamond drilling to test the potential for additional resources at depth and along strike. The Steenkampskraal mine is located approximately 70 kilometers north of the town of Vanrhynsdorp and approximately 350 kilometers northwest of Cape Town in the We...