Great Basin Gold Appoints Chris Knoetze as General Manager of the Burnstone Management Team
November 03 2008 - 7:30AM
PR Newswire (US)
VANCOUVER, Nov. 3 /PRNewswire-FirstCall/ -- Great Basin Gold Ltd.
(TSX: GBG; AMEX: GBN; JSE: GB Gold) ("Great Basin Gold" or the
"Company") announces the appointment of Chris Knoetze as General
Manager of the Burnstone Management team, located in Mpumalanga,
South Africa. Chris Knoetze will head up the team bringing the
Burnstone mine into production early next year. He is a qualified
Mine Overseer and holds a Mine Managers certificate. Chris joined
the mining industry in 1974, working at Hartebeesfontein Gold Mine.
In 1994, he participated in the preparation of a feasibility study
of the highly mechanised Nkomati Nickel Mine. He was involved with
the project initially as Project Manager and then as Mine Manager
until it reached full production in 1997. From 1999, Chris worked
for Nelson Gold (now known as Avocet) in Tajikistan for 5 years as
acting General Manager, and in 2004 as General Manager for Avnel, a
British resources company, in Mali. Chris has gained an immense
amount of international mining experience, and just before joining
Great Basin Gold in October 2008, he was appointed as Manager
Operations at a copper mine in Chile. Ferdi Dippenaar, President
and CEO stated, "We are delighted to have Chris join the Burnstone
Management team. He brings a wealth of mining experience which will
assist in realising the Company's plans at the operation in South
Africa. The mine is shallow, low cost and low risk in nature and
will lend itself to a higher level of mechanisation. This is
specifically where Chris's experience in this field will be
welcome. Delivery of the Burnstone Project is progressing well with
less than 240 meters of development in the decline remaining before
the first reef intersection. With the depreciation of the South
African currency as of late, the capital expenditure in US Dollar
terms required to develop the mine has decreased significantly.
Should this situation continue, the returns from the operation are
expected to increase as production commences in early 2009." 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 http://www.sedar.com/. DATASOURCE:
Great Basin Gold Ltd. CONTACT: For additional details on Great
Basin Gold Ltd. 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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