| Mon 3 Nov 2008, 15:30 | | GBG - Great Basin - Great Basin Gold Appoints Chris Knoetze As General Manager |
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GBG
GBG
GBG - Great Basin - Great Basin Gold Appoints Chris Knoetze As General Manager
Of The Burnstone Management Team
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 APPOINTS CHRIS KNOETZE AS GENERAL MANAGER OF THE BURNSTONE
MANAGEMENT TEAM
November 3, 2008, Vancouver, BC - Great Basin Gold Ltd. (TSX: GBG; AMEX: GBN;
JSE: GB Gold) ("Great Basin Gold" or the "Company") announces the appointment of
Chris Knoetze as General Manager of the Burnstone Management team, located in
Mpumalanga, South Africa.
Chris Knoetze will head up the team bringing the Burnstone mine into production
early next year. He is a qualified Mine Overseer and holds a Mine Managers
certificate.
Chris joined the mining industry in 1974, working at Hartebeesfontein Gold Mine.
In 1994, he participated in the preparation of a feasibility study of the highly
mechanised Nkomati Nickel Mine. He was involved with the project initially as
Project Manager and then as Mine Manager until it reached full production in
1997.
From 1999, Chris worked for Nelson Gold (now known as Avocet) in Tajikistan for
5 years as acting General Manager, and in 2004 as General Manager for Avnel, a
British resources company, in Mali.
Chris has gained an immense amount of international mining experience, and just
before joining Great Basin Gold in October 2008, he was appointed as Manager
Operations at a copper mine in Chile.
Ferdi Dippenaar, President and CEO stated, "We are delighted to have Chris join
the Burnstone Management team. He brings a wealth of mining experience which
will assist in realising the Company`s plans at the operation in South Africa.
The mine is shallow, low cost and low risk in nature and will lend itself to a
higher level of mechanisation. This is specifically where Chris`s experience in
this field will be welcome.
Delivery of the Burnstone Project is progressing well with less than 240 meters
of development in the decline remaining before the first reef intersection. With
the depreciation of the South African currency as of late, the capital
expenditure in US Dollar terms required to develop the mine has decreased
significantly. Should this situation continue, the returns from the operation
are expected to increase as production commences in early 2009."
For additional details on Great Basin Gold Ltd. 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
Michael Curlook in North America 1 888
633 9332
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.
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, continuity of mineralization, uncertainties related to
the ability to obtain necessary permits, licenses and title and delays due to
third party opposition, geopolitical uncertainty, changes in government policies
regarding mining and natural resource exploration and exploitation, 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 40-F filing with the United States Securities and Exchange Commission and
its home jurisdiction filings that are available at www.sedar.com.
Date: 03/11/2008 15:30:01 Produced by the JSE SENS Department.
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