BLM grants approval for construction of a second Alimak raise at Great Basin Gold's Hollister Project
October 14 2009 - 7:30AM
PR Newswire (US)
VANCOUVER, Oct. 14 /PRNewswire-FirstCall/ -- 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." 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 http://www.sedar.com/. DATASOURCE: Great Basin Gold
Ltd. CONTACT: on Great Basin Gold and its gold properties, please
visit the Company's website at http://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
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