| Wed 14 Oct 2009, 14:30 | | GBG - Great Basin Gold Limited - BLM Grants approval for construction of a |
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GBG
GBG
GBG - Great Basin Gold Limited - BLM Grants approval for construction of a
second Alimak raise at great Basin Gold`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")
BLM GRANTS APPROVAL FOR CONSTRUCTION OF A SECOND ALIMAK RAISE
AT GREAT BASIN GOLD`S HOLLISTER PROJECT
October 14, 2009, Vancouver, BC - Great Basin Gold Ltd. ("Great Basin Gold" or
the "Company"), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces another step
forward in the permitting process for the Company`s Hollister Project in
northeastern Nevada. The Bureau of Land Management ("BLM") issued a final
approval Decision Notice for a Plan of Operation Amendment to construct a second
Alimak raise to surface at the western end of the Project`s underground
workings. The first Alimak raise on the eastern section of the mine was
completed in 2008.
The Alimak method of a raise construction was selected because of the minimal
surface disturbance required. This was an important consideration due to the
cultural sensitivity of the surface lands in the vicinity of the Hollister
Project. This raise will be excavated from the underground workings up to the
surface. The surface footprint is minimized to the size of a small exploration
drill site. The Alimak raise climber itself is powered by compressed air and
all of the powering components are housed underground to prevent additional
surface disturbances.
The Western Shoshone Native American Tribes were consulted during the permitting
process by the BLM and the conditions of approval include the constraining of
surface activities to the small temporary disturbance area created during the
successful geotechnical drill hole completion. The approval incorporated the
utilization of "playpen" fencing for the Alimak raise construction site, an
environmentally friendly concept introduced in 2008 by the Company for its
surface exploration drilling sites at Hollister, up to the completion of the
construction.
.
Construction of the surface collar of the Alimak raise will begin immediately to
take advantage of fall weather conditions. The Alimak raise is expected to be
completed in the second quarter of 2010.
President and CEO Ferdi Dippenaar commented: "The health and safety of our
employees is our first and foremost priority. The Alimak raise provides an
alternative point of egress from our underground workings thereby assuring the
safety and continued well being of our employees. This raise would also
increase ventilation in the western section of the mine allowing for further
exploration of the newly discovered Gloria vein system as well as expanded trial
mining activities."
For additional details on Great Basin Gold 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 US (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: 14/10/2009 14:30:00 Produced by the JSE SENS Department.
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