Great Wester Gold Corp. A mine in Sask. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Great Wester Gold Corp. A mine in Sask.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bob Bryenton who started this subject	2/13/2002 12:11:56 PM
From: Bob Bryenton	Read Replies (1) of 8

Saskatoon Star Phoenix BUSINESS AND TECHNOLOGY Murray Lyons Firm seeks cash to test rare earth deposit A director of a Saskatoon junior resource company says he is confident the company can raise money this year to do developmental work and test mining at a Saskatchewan rare earth deposit. Gary Billingsley of Great Western Gold Corp., says a commitment of about $3 million to properly assess the metallurgical potential and leaching methods could make Hoidas Lake a profitable open pit mine. Those interested in putting money into the deposit are connected with technology companies developing fuel cells and advanced batteries used in hybrid electric-powered vehicles, Billingsley said. Both applications make extensive use of rare earth elements. He said these companies are interested in having a North American source for rare earth elements, rather than being dependent on China, which is currently the world's leading supplier. Rare earths are also used within permanent magnets in medical imaging devices and some are also incorporated in coating materials for CD-ROMs. Great Western hired a consultant, Sierra Mineral Management, which looked at whether a non-toxic leaching process could be used to recover rare earths and other elements within the ore. The consultant concluded the Hoidas Lake deposit was well suited for this "heap leaching" process as opposed to using conventional acid leaching. Great West said its consultant recommended the company undertake an exploration program that would outline the extent of the rare earth ores, do some test mining, and construct a pilot plant to leach out the rare earth and strategic metals present at Hoidas Lake. Billingsley said the company would have to get provincial environmental approval to have a test mine set up at Hoidas Lake, about 35 kilometres north of Uranium City. Besides its rare earth deposit, Billingsley said Great West Gold is also trying to raise money to do further exploration work for diamonds within a kimberlite formation located near Candle Lake.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next