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GREAT CENTRAL MINES ISSUES QUARTERLY REPORT ON EXPLORATION ACTIVITIES

 MELBOURNE, Australia, Oct. 29 /PRNewswire/ -- Great Central Mines N.L. (NASDAQ-GTCMY) today issued the following quarterly report on the company's exploration activities:
 QUARTERLY REPORT ON THE COMPANY'S EXPLORATION ACTIVITIES
 Bronzewing, Jundee and Regional Areas
 -- Bronzewing Gold Discovery now estimated at 16.1 million tonnes at 0.13 ounces per tonne ("oz/t") gold for 2,100,000 contained ounces as an inferred and pre-resource mineralization estimate.
 -- Continuation of resource definition drilling at the Bronzewing Discovery and Central Zones with further significant intersections subsequent to the above resource estimate being obtained including 174 feet at 0.64 oz/t gold.
 -- A new gold discovery at the Jundee Gold Prospect located 75 miles north of Bronzewing has been confirmed with a best result of 171 feet at 0.42 oz/t gold in hole JRB160 from a depth of 92 feet.
 -- Drilling at Bates Range has intersected gold mineralization with a strike length of 1.2 miles.
 -- Ongoing studies will enable a Bankable Feasibility Study for Bronzewing to be completed by the end of December 1993.
 Greater Nabberu Region
 -- Intense exploration for diamonds in the Greater Nabberu Region has continued.
 -- Gold exploration has recommenced at Marymia with drilling focused initially on the main zone of gold mineralization previously located.
 Walgidee Hills
 -- Exploration of the diamond bearing Walgidee Hills lamproite pipe (the largest in the world) in the west Kimberleys of Western Australia commenced.
 -0- 10/29/93
 /CONTACT: David Gold, 212-877-6851/
 (GTCMY)


CO: Great Central Mines N.L. ST: IN: MNG SU:

PS -- NY006 -- 8397 10/29/93 10:02 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
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