| Tue 2 Nov 2010, 14:45 | | GBG - Great Basin Gold Limited - First Gold pour at Burnstone |
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GBG
GBG
GBG - Great Basin Gold Limited - First Gold pour at Burnstone
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")
FIRST GOLD POUR AT BURNSTONE
November 2, 2010, Vancouver, BC - Great Basin Gold Ltd. ("Great Basin" or the
"Company") (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces that the Burnstone
Metallurgical Plant project achieved a major milestone with the first gold pour
completed on October 31, 2010.
The successful commissioning of the crushing and grinding circuits as reported
earlier have been followed by the commissioning of the gravity concentrate
circuit and the first gold pour. The focus has now moved to the CIL circuit
which commenced operation during the week of October 25, 2010.
Following the successful licensing of both the rock and personnel winders on
October 15, the vertical shaft has commenced with the hoisting of men and
material while the final equipping and construction of the shaft surface area is
taking place. The rock tip and conveyor on 40 Level will be commissioned later
this week, after which the hoisting of ore will commence.
Ferdi Dippenaar, President and CEO, commented: "Good progress continues to be
made with the commissioning of the Burnstone Metallurgical Plant. The first
gold pour is always a significant milestone and attention has now shifted to the
commissioning of the CIL process and the remaining infrastructure.
Operationally, the metallurgical plant commissioning has gone well with no major
incidents causing significant delays."
Johan Oelofse, Pr.Eng., FSAIMM, Chief Operating Officer of Great Basin and a
qualified person, as defined by Canadian regulatory policy, has reviewed and
assumed responsibility for the technical information contained in this release.
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 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 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.
Sponsor
Nedbank Capital
2 November 2010
Date: 02/11/2010 14:45:01 Produced by the JSE SENS Department.
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