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GREAT WESTERN EXPLORATION LIMITED - ASX: GTE
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Description
Great Western Exploration Limited (“GTE’) is a publically listed exploration company with the primary objective of creating wealth for shareholders through the discovery of world-class mineral deposits in Australia. With an experienced and successful management team the Company’s focus is the acquisition and evaluation of gold, base metals and uranium prospects. The objective of the Company is to utilise first mover advantage by identifying new opportunities before our peers by keeping abreast with the latest developments in geoscience research & technology to recognise emerging mineral districts.
The Ularring project comprises of two Exploration Licenses (E30/377 & E30/378) located approximately 80km west of Menzies along the Diemals – Menzies road. Field work carried out by the company in the area identified a series of highly radioactive granites with background readings ranging from 40 ppm eU to 448 ppm eU. A ground radiometric survey over the Hospital Rock granite delineated broad areas of radiation averaging 50 ppm eU to 90 ppm eU and only about a fifth of the granite area was surveyed. A regional survey also showed that there were other radioactive granites in the area as well.
The Kimberley project comprises of on Exploration License (E80/4174) which covers 378km2 and is located 120km NE of Fitzroy Crossing. The company acquired the ground through application and believes the area is prospective for uranium unconformity style mineralisation. In addition to uranium the project is also considered prospective for gold and there is known occurrences of tin-tantalum-Lithium in the same region. The company is planning a field trip and an airborne geophysical survey in the coming months.
Great Western Exploration Ltd (GTE) has a total of 230 km2 of granted tenements and a further 116 km2 under application in the Forrestania district, making the company a significant land holder in the region. The majority of exploration has been concentrated on the Mt Gibb South project (E74/305) where the company has shown that the Forrestania greenstone belt extends a further 12 km south than previously thought, obscured by the remnants of a thin granite sill overlying the sequence, which has never been subject to any previous exploration.
Great Western Exploration Ltd (GTE) has applied for 1700 km2 of exploration ground near Doolgunna, approximately 140km NE of Meekatharra (fig 1). The company believes this area to be prospective for volcanic hosted massive sulphide mineralisation (VHMS) similar to that discovered at Sandfire Resource’s Degrussa prospect.
Mine For
nickel, gold, uranium
Location of operation(s)
Western Australia
Address
Suite 3 , 1200 Hay Street
WEST PERTH, WA, AUSTRALIA
Phone
(08) 9321 4181
Website
http://www.greatwesternexploration.com.au/
Last Updated
16/03/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.