GREAT WESTERN MINERALS GROUP RECEIVES APPROVALS FROM SOUTH AFRICAN NATIONAL NUCLEAR REGULATOR FOR STEENKAMPSKRAAL RARE EARTH PROJECT
(from company e-mail alert)
May 9, 2011 - Saskatoon, Canada: Great Western Minerals Group Ltd. ("GWMG" or the "Company", TSX:V – GWG) announces that it has received full approval for its work program, under the existing Nuclear Authorization for the Company's Steenkampskraal Rare Earths project, from the South African National Nuclear Regulator ("NNR").
The approvals cover programs that include radiation protection, integrated waste management (including the long-term storage of radioactive material), and the transportation of radioactive material.
These approvals enable GWMG to immediately commence the refurbishment of the former-producing mine site and to undertake an exploration project at site. Additionally, the approvals enable GWMG to develop a mineral resource estimate that is compliant with disclosure requirements as defined by the Canadian Securities Administrators National Instrument 43-101, utilizing available historic data.
The Company filed the application with the NNR on November 1, 2010 with additional information provided April 7, 2011, and officially received the approvals on May 6, 2011.
"This is one of the most important milestones to date for the Steenkampskraal project," said GWMG President and Chief Executive Officer Jim Engdahl. "With these approvals in hand, our Company can immediately launch three vital project steps. Firstly, we have already sent out the tenders for the shaft refurbishment work and are now positioned to select the contractor who will commence work immediately. Secondly, we can select and deploy a drilling contractor for the exploration program at the Steenkampskraal site. And thirdly, with the ability to work underground, GWMG can move ahead very quickly to complete the work necessary to verify the available historic data and produce a NI 43-101 compliant technical report."
The project steps facilitated by receipt of the NNR work program approval are on schedule with the fast track development program announced by GWMG on April 21, 2011. (See GWMG Media Release: Great Western Minerals Group Targets Earlier Dates and Increased Output at Steenkampskraal Rare Earth Project).