Apogei Pty Ltd Acquires Tenement in West ArnhemGreater Pacific...

Apogei Pty Ltd Acquires Tenement in West Arnhem
Greater Pacific Gold Ltd (GPN) is pleased to announce that Apogei Pty Ltd (Apogei) has acquired a new tenement in the West Arnhem area of the Northern Territory adjacent to its existing holdings. This tenement is known as “Mann”, see attached map for location.
GPN has a 40% interest in Apogei Pty Ltd via its purchase of Prescingot Pty Ltd and its recent direct purchase of Apogei shares.
West Arnhem Tenure (WAT)
The WAT is situated within the Alligator Rivers Uranium Field (ARUF) south east of the large uranium deposits of Ranger, Jabiluka, Koongarra and Nabarlek. This region has been responsible for the majority of the uranium oxide produced in Australia.
Gumadeer (ELA 25638) and Table Hill (ELA 25645) were the original tenements of the WAT. They cover an area of 700 km2.
The new tenement, Mann (ELA 26076; area 250 km2) is located just below the southern boundary of Table Hill and is the third tenement of the West Arnhem Tenure. This acquisition extends the total exploration area to 950 km2.
The value of the GPN 40% interest is highlighted by the terms of a Joint Venture between Cameco (the world’s largest uranium producer) and Uranium Equities Ltd
(UEQ). To earn a 40% interest in two of Cameco’s tenements, located in the Alligator Rivers Uranium Field, UEQ will outlay $10,400,000 in exploration expenditure over a four-year period.
The April 2007 Report to ASX from the JV was extremely encouraging and announced anomalous uranium and gold results. Significant values for U3O8 and gold were reported.
The Cameco/UEQ joint Venture tenements, covering 1,269 km2, are sited just below and slightly west of the WAT and share one contiguous boundary.
The WAT lies within one of the world’s major uranium provinces, which to date has been explored, with great success. Large prospective portions of this area remain untested by modern exploration techniques.
Denis McInerney
Chairman
68 Aberdeen Street, Northbridge, WA 6003
Telephone: (08) 9228 3008 Facsimile: