| Mon 16 May 2011, 14:30 | | GBG - Great Basin Gold Limited - Great Basin Gold announces the appointment of |
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GBG
GBG
GBG - Great Basin Gold Limited - Great Basin Gold announces the appointment of
new directors
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 ANNOUNCES THE APPOINTMENT OF NEW DIRECTORS
May 16, 2011, Vancouver, BC - Great Basin Gold Ltd. ("Great Basin" or the
"Company"), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) today announced the
appointment to the Board of three new Directors to its Board and one new
director to the Board of its subsidiary, all effective May 5, 2011.
ANU DHIR holds a Bachelor of Arts degree from the University of Toronto,
Canada, and a law degree (Juris Doctor) from Quinnipiac University,
Connecticut, USA. She was called to the Connecticut bar in 1995. Anu has
extensive experience in private equity and publicly-held companies in the
mining, oil and gas and technology sectors. She most recently served as Vice
President Corporate Development and Company Secretary at Katanga Mining
Limited, a TSX-listed company, and is currently Managing Director of Miniqs
Limited, a private group primarily interested in resource projects that have
the capability to grow into major producing operations.
OCTAVIA M. MATLOA is a registered accountant and auditor with the South
African Institute of Accountants and the Independent Regulatory Board of
Auditors respectively. She studied for her BCom, majoring in Accounting and
Economics at the University of Cape Town; and B.Com (Hons) and CTA at the
University of Pretoria. Octavia is a shareholder and director of Tsidkenu
Chartered Accountants Inc., Jireh Holdings, Mukundi Mining Resources, Bokkies
Transport, the Vibe Group; and Nissy Holdings. In addition she has been
appointed by court as the first woman curator in the insurance industry. She
served/serves on a number of public sector audit committees and has also won
the 2010 Businesswoman of the year Van Ryn`s Black Business Quarterly Awards.
MAMETJA MOSHE holds a B.Com Hons (Accounting) degree from the University of
Kwazulu Natal and is a qualified chartered accountant registered with the
South African Institute of Accountants. She brings a wealth of financial
knowledge having worked in the mergers and acquisitions teams of international
banks focusing on mining and telecommunication companies. She has been
appointed to the board of Southgold Exploration (Pty) Ltd., the wholly owned
subsidiary of Great Basin Gold, and operator of the Burnstone Mine in South
Africa.
PHILIP KOTZE is a mining engineer with over 30 years of experience in the
mining industry, including both operations and executive positions at
AngloGold Limited, Kalahari Goldridge Mining Company Limited and Harmony Gold
Mining Company Limited. A graduate of the University of the Witwatersrand with
a Graduate Diploma in Engineering (Mining Economics), Mr Kotze also holds a
National Higher Diploma in Metalliferous Mining (WITS Technikon) as well as
qualifications in Industrial Relations and Management from the University of
South Africa.
Ronald Thiessen. Great Basin Gold Chairman commented: "On behalf of the Board,
I would like to welcome our new members to Great Basin and Southgold, our
operating subsidiary in South Africa. As you can see our new Board members
bring a breadth and depth of skills, knowledge and experience which will be
instrumental in providing guidance to our management and representing our
shareholders. Together we look forward to a very exciting future as Great
Basin Gold transitions to production and a quality mid-tier gold producer."
Great Basin Gold is a mining company engaged in the exploration and
development of gold properties. The Company is currently focused on its two
emerging mines in the world`s two richest gold regions. The Hollister gold
mine is located on the Carlin Trend in Nevada, USA and the Burnstone gold mine
is located in the Witwatersrand Basin goldfield of South Africa.
For additional details on Great Basin and its gold properties, please visit
the Company`s website at www.grtbasin.com or contact Investor Services at:
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
Sponsor
Nedbank Capital
Date: 16/05/2011 14:30:01 Produced by the JSE SENS Department.
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