| Fri 25 Jan 2008, 17:21 | | GBG - Great Basin - Great Basin Golds Burnstone Mi |
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GBG
GBG
GBG - Great Basin - Great Basin Gold~s Burnstone Mine unaffected by power
interruptions
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~S BURNSTONE MINE UNAFFECTED BY POWER INTERRUPTIONS
January 25, 2008 Vancouver BC. Great Basin Gold Ltd ("Great Basin" or the
"Company") announced that its operations were unaffected by the power supply
interruption problems currently being experienced in South Africa.
The mine took precautionary measures by installing a generator and associated
infrastructure which will be sufficient to supply standby power for the
activities associated with the project development for the next 12 months.
During this time the consistency of power supply will be evaluated and if need
be additional back-up equipment will be installed.
President and CEO Ferdi Dippenaar said:
"We are in the fortunate situation where we are developing mining infrastructure
that due to the shallow nature thereof, would not require the type of
electricity supply normally associated with deep level mining in South Africa.
In addition, we plan to, as far as possible, design and develop the mine to be
power efficient."
For more information on Great Basin and its projects, please visit the Company~s
website at www.greatbasingold.com or call Investor Services at 604-684-6365 or
within North America at 1-800-667-2114.
Ferdi Dippenaar
President and CEO
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 ("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. 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: 25/01/2008 17:20:32 Produced by the JSE SENS Department.
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