VANCOUVER, Jan. 22 /CNW/ - Great Basin Gold Ltd, ("Great Basin" or the
"Company"), (TSX: GBG; NYSE Alternext: GBG; JSE: GBG) announces that the
Nevada Division of Environmental Protection/Bureau of Mining Regulation and
Reclamation (NDEP) recently issued one of the key permits needed for a
full-scale underground mining operation by its wholly owned subsidiary, Rodeo
Creek Gold Inc. (RCG), at the Hollister Development Block Project in Elko
County, Nevada. The NDEP Water Pollution Control Permit (WPCP) authorizes a
maximum production rate of up to 275,000 tons of ore per year as well as
engineered waste rock storage and ore stockpile facility, synthetic lined
water management ponds, a reverse osmosis water treatment facility, and other
Before RCG can expand its current underground activities to reach the
production rate authorized in the Water Pollution Control Permit, the U.S.
Bureau of Land Management (BLM) must approve RCG's amended Plan of Operations.
BLM's permitting process will include preparation of an Environmental Impact
Statement (EIS) to evaluate potential environmental impacts associated with
the proposed expansion of the underground activities inclusive of appropriate
mitigation measures to minimize the identified impacts.
Great Basin Resource Watch (GBRW) has filed an appeal with the Nevada
State Environmental Commission challenging NDEP's issuance of the Water
Pollution Control Permit. The appeal will be heard in February 2009.
Ferdi Dippenaar commented, "We are pleased and welcome the issuance of
the permit by the NDEP. The Hollister Project has made good progress in
infrastructure development that will ensure that the interests of stakeholders
are heard, and the environment is protected. Our amended Plan of Operations
was submitted to the BLM in April 2008 and the Completeness Review was
concluded by October 2008. During December 2008, the BLM indicated that the
environmental analysis required for the amended Plan of Operations will be an
environmental impact statement (EIS). We are currently in discussions with the
BLM to determine what levels of ongoing exploration and trial mining would be
allowed during the completion of the study."
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.
For further information:
For further information: on Great Basin Gold Ltd. 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, (888) 633-9332; Barbara Cano at Breakstone Group in
the USA, (646) 452-2334