| Fri 28 Sep 2007, 15:49 | | GBG - Great Basin - Clarification on the acceptanc |
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GBG
GBG
GBG - Great Basin - Clarification on the acceptance of Burnstone mining rights
application by the department of minerals and energy in South Africa
GREAT BASIN GOLD LIMITED
(Incorporated in Canada and registered as an External Company in South Africa)
(Registration No. 2006/021304/10)
Share Code: GBG ISIN Number: CA3901241057
("Great Basin" or "the Company")
GREAT BASIN GOLD ANNOUNCES CLARIFICATION ON THE ACCEPTANCE OF BURNSTONE MINING
RIGHTS APPLICATION BY THE DEPARTMENT OF MINERALS AND ENERGY IN SOUTH AFRICA
September 28, 2007 Vancouver, BC. Great Basin Gold Ltd. ("Great Basin Gold"
or the "Company") announces that at the request of the Department of Minerals
and Energy ("DME") to clearly distinguish between the acceptance of its
application and the future granting of the said application, Great Basin Gold
announces further to its press release of September 17, 2007, that the DME has
accepted the application for a mining right by its wholly owned subsidiary
Southgold Exploration (Pty) Ltd ("Southgold") for the Burnstone Project
located near Balfour, South Africa.
The acceptance means that the Company has complied with the submission
requirements of the MPRDA and can now submit its scoping report for the
Environmental Impact Assessment ("EIA"), the EIA and the Environmental
Management Programme ("EMP") within the time frames set out in the MPRDA and
other legislation. Normally, a mining right takes up to one year after
acceptance to be processed and granted by the DME.
Great Basin Gold has two advanced stage gold projects in two of the world`s
best gold environments. In addition to its Burnstone Gold Project in South
Africa`s Witwatersrand Goldfield, the Company holds a 100% interest in the
Hollister Property on the Carlin Trend in Nevada, USA.
Ferdi Dippenaar
President and CEO
For additional details on Great Basin and its gold properties, please visit
the Company`s website at www.grtbasin.com or contact Investor Services:
Tsholo Serunye in South Africa 27 (0) 11 301 1800
Melanee Henderson in North America 1 800 667-2114
Barbara Cano at Breakstone Group in the USA (646) 452-2334
No regulatory authority has approved or disapproved the information contained
in this news release.
Cautionary and Forward Looking Statement Information
This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of
historical facts, that address possible future commercial production,
reserve potential, exploration drilling results, development, feasibility or
exploitation activities and events or developments that Great Basin Gold ("the
Company") expects to occur are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially
from those in the forward-looking statements. No guarantees can be given that
the required permitting and/or licensing will be approved. Factors that could
cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes, and
continued availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such statements are
not guarantees of future performance and those actual results or developments
may differ materially from those projected in the forward-looking statements.
For more information on the Company, Investors should review the Company`s
annual Form 20-F filing with the United States Securities Commission and its
home jurisdiction filings that are available at www.sedar.com.
Date: 28/09/2007 15:49:02 Produced by the JSE SENS Department.
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