| Thu 22 Jan 2009, 15:30 | | GBG - Great Basin Gold - NDEP Issues Water Pollution Control Permit For Gbg`s |
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GBG
GBG
GBG - Great Basin Gold - NDEP Issues Water Pollution Control Permit For Gbg`s
Hollister Project
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 Gold" or the "Company")
NDEP ISSUES WATER POLLUTION CONTROL PERMIT FOR GBG`S HOLLISTER PROJECT
January 22, 2009, Vancouver, BC - Great Basin Gold Ltd, (TSX: GBG; NYSE
Alternext: GBG; JSE: GBG) announces that the Nevada Division of Environmental
Protection/Bureau of Mining Regulation and Reclamation (NDEP) recently issued
one of the key permits needed for a full-scale underground mining operation by
its wholly owned subsidiary, Rodeo Creek Gold Inc. (RCG), at the Hollister
Development Block Project in Elko County, Nevada. The NDEP Water Pollution
Control Permit (WPCP) authorizes a maximum production rate of up to 275,000 tons
of ore per year as well as engineered waste rock storage and ore stockpile
facility, synthetic lined water management ponds, a reverse osmosis water
treatment facility, and other ancillary facilities.
Before RCG can expand its current underground activities to reach the production
rate authorized in the Water Pollution Control Permit, the U.S. Bureau of Land
Management (BLM) must approve RCG`s amended Plan of Operations. BLM`s permitting
process will include preparation of an Environmental Impact Statement (EIS) to
evaluate potential environmental impacts associated with the proposed expansion
of the underground activities inclusive of appropriate mitigation measures to
minimize the identified impacts.
Great Basin Resource Watch (GBRW) has filed an appeal with the Nevada State
Environmental Commission challenging NDEP`s issuance of the Water Pollution
Control Permit. The appeal will be heard in February 2009.
Ferdi Dippenaar commented, "We are pleased and welcome the issuance of the
permit by the NDEP. The Hollister Project has made good progress in
infrastructure development that will ensure that the interests of stakeholders
are heard, and the environment is protected. Our amended Plan of Operations was
submitted to the BLM in April 2008 and the Completeness Review was concluded by
October 2008. During December 2008, the BLM indicated that the environmental
analysis required for the amended Plan of Operations will be an environmental
impact statement (EIS). We are currently in discussions with the BLM to
determine what levels of ongoing exploration and trial mining would be allowed
during the completion of the study."
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 +1 646 452-2334
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: 22/01/2009 15:30:01 Produced by the JSE SENS Department.
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