| Wed 30 Jan 2008, 15:00 | | GBG - Great Basin Announces The Appointment Of Chief Financial Officer |
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GBG
GBG
GBG - Great Basin Announces The Appointment Of Chief Financial Officer
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 ANNOUNCES THE APPOINTMENT OF CHIEF FINANCIAL OFFICER
January 30, 2008, Vancouver BC - Great Basin Gold Ltd. ("Great Basin Gold" or
the "Company") (TSX: GBG; AMEX: GBN; JSE: GBG) announces a change to its
management team. Lou van Vuuren will join the Company as the Chief Financial
Officer.
Lou van Vuuren qualified as a Chartered Accountant in 2002, after completing his
articles with PricewaterhouseCoopers ("PWC") where he was appointed Assistant
Manager in 2002. Later he progressed to Manager (2003), Senior Manager (2005)
and Associate Director of PWC (2007), a position that he has held until his
appointment with Great Basin Gold. Lou has an in-depth understanding of
financial and regulatory requirements and has significant auditing experience in
the gold mining industry. Lou will join Great Basin Gold in March 2007, taking
over from Zelda Mostert (previously Smit), who has resigned for personal
reasons.
President and CEO Ferdi Dippenaar said:
"We welcome Lou to our management team. We are looking forward to tapping into
his wealth of financial expertise and believe he will play a leading role in
Great Basin Gold`s future. He joins the Company at an exciting and challenging
time, as we are making good progress with the development of the Burnstone
Project in South Africa and advancing the Hollister Project in Nevada, USA."
Great Basin 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.
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) 11 884 1610
Melanee Henderson in North America 1 800 667-2114
Barbara Cano at Breakstone Group in the USA (646) 452-2334
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 Gold 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: 30/01/2008 15:00:05 Produced by the JSE SENS Department.
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