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Great Western Exploration Limited (ASX Code:GTE) is a Western Australian based ASX listed company incorporated in 2007 with the primary objective of creating wealth for shareholders via the discovery and development of economic high margin mineral deposits. 

 

Potential Gold Acquisition 

 

The Company has made an all script takeover offer for unlisted public company Vanguard Exploration Limited ("Vanguard"). Furtehr details are contained in the following announcement:

 

   Potential Gold Acquisition - Vanguard Exploration Limited     
 

 A General Meeting of Shareholders to approve the acqusition has been scheduled for the 25th October 2016. The following Notice of Meeting that includes the Independent Experts Report ("IER") and Independent Geologist Reports ("Valmin") has been sent out to all shareholders: 

 

   Notice of Meeting (including IER and Valmin Reports)  

 Vanguard recently made a promising high-grade gold discovery at its Ives Find gold project located in the Yandal greenstone belt. The following table is a summary of the best results from Vanguard's RC drilling at Ives Find:  

Hole No Depth

From

Depth

to

Interval

(m)

Gold

g/t

Silver

g/t

IFRC004

38

39

1

19.70

27.5

 

39

40

1

12.20

22.0

IFRC005

34

35

1

41.53

24.0

 

35

36

1

114.90

162.0

IFRC015

47

48

1

22.40

9.0

IFRC017

55

56

1

27.90

61.0

IFRC044

12

13

1

24.40

11.4

IFRC069

33

34

1

22.16

60.4

 

 The Company has also recently announced that the Directors and substantial shareholders have signed their Share Sale Agreement representing 59% of Vanguard shares. The Share Sale Agreement for the minority shareholders will be sent out shortly.  

 

      Vanguard Directors and Substantial Shareholders Sign SPA   
 

For more information on the Vanguard acqusition you can email This email address is being protected from spambots. You need JavaScript enabled to view it. or call +61 (0) 8 6311 2852.