SASKATCHEWAN GREAT WESTERN MINERALS GROUP has awarded the contract to conduct a prefeasibility study on its Hoidas Lake rare earth property 50 km northeast of Uranium City. WARDROP will lead the study team with input from GOLDER ASSOCIATES and MELIS ENGINEERING. Based on 70 early drill holes, the property is believed to contain 1.37 million tonnes of mineralized material averaging 2.59% total rare earth oxides.
"This is a major step forward for the Hoidas Lake project in determining the economic viability of the project and proceeding to final feasibility and the production decision," Great Western said in a press release. "The initial base case premise of the study will be construction of a 500 tonne per day mine and mill complex with a 20-year mine life."
The Hoidas Lake property was originally discovered in the 1950s as a result of post-war uranium exploration. The property covers more than 30 known rare earth showings along a 10-km-long fault. Near-surface drilling earlier this year returned several intersection between 1.0% and 4.0% total rare earth oxides.
Additional information about the Hoidas Lake project, as well as Great Western's diamond and gold projects, is available at www.GWMG.com.