Great Basin Gold Purchases Rock Creek Lands to Protect Important Western Shoshone Cultural Site

    WINNEMUCCA, NV, June 15 /CNW/ - Great Basin Gold Ltd (TSX: GBG; NYSE
Amex:   GBG; JSE: GBG) ("Great Basin Gold" or the "Company") is pleased to
announce that it has created the Rock Creek Conservancy, LLC for the purpose
of holding lands recently purchased by it, and the establishment of the Rock
Creek Conservancy Fund. Great Basin Gold has purchased four sections in Lander
County along Rock Creek and another section west of Rock Creek to prevent
future real estate or mineral development on these lands.
    In explaining why Great Basin Gold purchased the lands, Ferdi Dippenaar,
President and CEO of Great Basin Gold stated, "Many Western Shoshone have used
the Rock Creek area for over 700 years for traditional uses. Recognizing their
cultural importance, Great Basin Gold purchased the lands to preserve them as
part of the Company's philosophy recognizing our Corporate Social
Responsibility ("CSR") to the communities in which we operate. We have spent
approximately US$1.3 million at our Burnstone project in South Africa as part
of our CSR and we are committed to making comparable social investments in and
around our other projects, including at our Hollister project in the US. The
purchase will safeguard the lands from development and allow Western Shoshone
people to continue to have access to them for traditional uses. Great Basin
Gold proposes to donate both the surface and the mineral estates on these
lands for the benefit of the five Federally-recognized Nevada Western Shoshone
Tribes ("Tribes"). The ultimate disposition of the lands will be determined
during consultation between the US Bureau of Land Management ("BLM") and the
    As a part of the purchase, third-party rights to develop the mineral
estate on the four parcels along Rock Creek have been terminated. This will
ensure that no development will occur on these four parcels. Great Basin Gold
will continue to encourage the Mineral Lessee of the fifth parcel to
extinguish the lease.
    These lands are among 15 properties currently competing for funding under
Round 10 of the Southern Nevada Public Lands Management Act ("SNPLMA")
program. "We applaud the Elko Office of BLM for nominating the Rock Creek
lands for possible future purchase using SNPLMA funds. However, given the
current economic climate, the other competing properties, and the length of
time it will take to complete the SNLPMA review process, we were concerned
that the Department of the Interior might not select these lands for purchase
or that another party might buy them for development," explained Dippenaar.
"Great Basin Gold's purchase of these lands guarantees they will be held for
eventual transfer to the Tribes and managed in ways that will protect these
important cultural sites."
    The Company is discussing a management agreement with BLM to ensure the
lands are managed appropriately prior to transfer. Great Basin Gold proposes
to maintain the roads until the transfer so Western Shoshone tribal members
will have unrestricted access to the Traditional Cultural Property throughout
the year. It also expects the management agreement to address protection of
aquatic, avian, and terrestrial wildlife habitats along the Rock Creek
drainage and preservation of the scenic values associated with Rock Creek
    Finally, in establishing the Rock Creek Conservancy Fund, Great Basin
Gold is creating a resource that the Western Shoshone Tribes can use in the
future for managing the Rock Creek lands. The Company has donated US$122,500
as seed capital to the Rock Creek Conservancy Fund.

    Ferdi Dippenaar
    President and CEO

    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

For further information:

For further information: For additional details on the Rock Creek
purchase and/or Great Basin and its gold properties, please visit the
Company's website at or contact Investor Services: Ferdi
Dippenaar, 27 (0) 82 807 3684; Tsholo Serunye in South Africa, 27 (0) 11 301
1800; Michael Curlook in North America, 1 (888) 633 9223; Barbara Cano at
Breakstone Group in the USA, (646) 452 2334

Organization Profile

Great Basin Gold Ltd.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890