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Great Gold Mines N.LABN 44 009 157 439Level 8, 580 St Kilda Road, MelbourneVictoria 3004, AustraliaPO Box 6315, St Kilda Road CentralMelbourne, Victoria 8008, AustraliaTelephone: +61 3 8532 2820Facsimile: +61 3 8532 2805Email: [email protected]
L
ABN 439
Level Melbourne
Victoria Australia
PO Central
Melbourne, Australia
Telephone: 2820
Facsimile: 2805
Email: au
00
11 October 2007
Manager Announcements
Company Announcements Office
Australian Securities Exchange
4th Floor
20 Bridge Street
Sydney NSW 2000
Dear Sir
SUMMARY OF ANNOUNCEMENT
Mt. Bevan Iron Ore Project – New assay results confirm high grade hematite
DETAILS OF ANNOUNCEMENT
New assay results received today from five rock chip samples taken over 5km strike length confirmed the previously reported high grade hematite mineralization at the Mt Bevan Iron Ore Project.
New rock chip assay results are as follows:
SAMPLE ID
mE MGA Z51
mN MGA Z51
Fe (%)
SiO2 (%)
Al2O3 (%)
P (%)
LOI (%)
MB1
239508
6783775
60.2
5.96
2.85
0.056
4.39
MB2
239551
6783698
60.8
8.62
1.4
0.034
3.12
MB3
242276
6778698
59.6
5.06
2.66
0.023
6.55
MB4
242271
6778715
64.8
2.47
1.48
0.027
3.3
MB5
242448
6778676
57.3
4.67
3.53
0.028
8.91
These results confirm the need for a detailed sampling and mapping program, to be followed by an RC drilling program as soon as possible.
The Mount Bevan Iron Ore Project (formerly known as Four Corners Iron Ore Project) on exploration licence 29/510, is located approximately 100km west of Leonora in the central Yilgarn of Western Australia.
Yours faithfully
PETER LEE
Company Secretary
The technical information in this report has been reviewed and approved by Dr D S Tyrwhitt who is a member of the Australasian Institute of Mining and Metallurgy and has over 40 years experience in the industry. M:\Documents\Great Gold Mines\Corporate\Announcements\2007\Mt Bevan 111007.doc