| Tue 19 May 2009, 14:30 | | GBG - Great Basin resource watch withdraws appeal against the renewal of the |
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GBG
GBG
GBG - Great Basin resource watch withdraws appeal against the renewal of the
Hollister Water Pollution Control Permit
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 RESOURCE WATCH WITHDRAWS APPEAL AGAINST THE RENEWAL OF THE HOLLISTER
WATER POLLUTION CONTROL PERMIT
May 19, 2009, Vancouver, BC - Great Basin Gold Ltd, ("Great Basin" or the
"Company"), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces that Great Basin
Resource Watch ("GBRW") has withdrawn its appeal against the renewal of the
Water Pollution Control Permit, effective November 28, 2008, that authorizes
Rodeo Creek Gold Inc ("RCG"), a wholly owned subsidiary of Great Basin Gold, to
produce and process, off site, up to 275,000 tons of ore per year. This Large
Scale mining facility permit is granted for a period of 5 years and is
renewable.
GBRW initially filed an appeal with the Nevada State Environmental Commission
challenging NDEP`s issuance of the Water Pollution Control Permit. However,
after engaging in discussions with RCG`s environmental personnel, a way forward
was agreed upon by both parties to address GBRW`s concerns and GBRW elected to
dismiss the appeal. RCG will install a cluster of piezometers and wells
downgradient of the current waste rock storage facility at the Hollister
Project. This waste rock facility, the first lined waste rock dump in Nevada, is
constructed on a historically disturbed mining area. The piezometers and wells
will monitor the water quality in and around the waste rock facility. These
measures will ultimately form an integral part of the monitoring data and
mitigation that will be evaluated in the Environmental Impact Statement that BLM
will prepare for the Hollister Project.
President and CEO Ferdi Dippenaar commented, "We were committed from the outset
to find an amicable solution in this matter and are extremely pleased that this
has been achieved. We view the protection of the waters of Nevada of utmost
importance, not only from a compliance point of view, but also because it`s the
right thing to do. We are looking forward to further cooperation with Great
Basin Resource Watch and all relevant authorities to advance this goal."
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
Michael Curlook in North America 1 (888) 633 9223
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 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 40-F filing with the United States
Securities and Exchange Commission and its home jurisdiction filings that are
available at www.sedar.com.
Date: 19/05/2009 14:30:01 Produced by the JSE SENS Department.
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