Hollister DEIS Notice of Availability published in Federal Register
27 Maio 2012 - 4:07PM
PR Newswire (Canada)
VANCOUVER, May 30, 2012 /CNW/ - Great Basin Gold Ltd. ("Great Basin
Gold" or the "Company") announces that the publication of the
Notice of Availability for the Hollister Underground Mine Project
Draft Environmental Impact Statement (DEIS) in the Federal Register
is expected on June 1, 2012. The Hollister Project is
operated by Rodeo Creek Gold Inc., a wholly owned subsidiary of
Great Basin Gold. This marks a major milestone in the National
Environmental Policy Act (NEPA) process for the Hollister Project.
The NEPA process analyzes the Proposed Action in order to determine
if there will be significant environmental effects and to consider
the environmental and related social and economic effects of the
Proposed Action. The key activities outlined in the Hollister DEIS
Proposed Action include the following: -- Continued and expanded
surface and underground exploration activities; -- Transition from
underground exploration and bulk sampling activities to full-scale
production; -- The flexibility to install either another ramp, or a
shaft or raise, in order to access different parts of the orebody;
and -- Construction of an 11.6-mile power line to the mine site.
The standard comment period for DEIS documents is at least 45
days. During this time comments can be provided to the Bureau
of Land Management (BLM) with regard to any aspect of the
DEIS. After this period, the comments are analyzed and
responses are generated. If there are substantive comments
that require changes, additional analyses, corrections, etc., these
will be addressed in the Final EIS (FEIS). President and CEO Ferdi
Dippenaar commented: "We are pleased that the NEPA process which we
have been working on with the BLM since late 2009 has culminated in
the publication of the DEIS. This is a significant milestone in the
delivery of the Hollister project as a fully permitted operation.
If all goes according to the planned administrative guidelines we
anticipate that the FEIS could be ready during the second half of
2012." About Great Basin Gold Great Basin Gold is a mining company
engaged in the exploration and development of gold properties. The
Company is currently focused on its two producing mines in the
world's two richest gold regions: the Hollister gold mine on the
Carlin Trend in Nevada, USA and the Burnstone gold mine, in the
Witwatersrand goldfield of South Africa. No regulatory authority
has approved or disapproved the information contained in this news
release. Cautionary and Forward Looking Statement Information This
document contains "forward-looking statements" that were based on
Great Basin's expectations, estimates and projections as of the
dates as of which those statements were made. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "outlook", "anticipate",
"project", "target", "believe", "estimate", "expect", "intend",
"should" and similar expressions. Forward-looking statements are
subject to known and unknown risks, uncertainties and other factors
that may cause the Company's actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking statements. These
include but are not limited to: -- uncertainties and costs related
to the Company's exploration and development activities, such as
those associated with determining whether mineral resources or
reserves exist on a property; -- uncertainties related to
feasibility studies that provide estimates of expected or
anticipated costs, expenditures and economic returns from a mining
project; uncertainties related to expected production rates, timing
of production and the cash and total costs of production and
milling; -- uncertainties related to the ability to obtain
necessary licenses, permits, electricity, surface rights and title
for development projects; -- operating and technical difficulties
in connection with mining development activities; -- uncertainties
related to the accuracy of our mineral reserve and mineral resource
estimates and our estimates of future production and future cash
and total costs of production, and the geotechnical or
hydrogeological nature of ore deposits, and diminishing quantities
or grades of mineral reserves; -- uncertainties related to
unexpected judicial or regulatory proceedings; -- changes in, and
the effects of, the laws, regulations and government policies
affecting our mining operations, particularly laws, regulations and
policies relating to o mine expansions, environmental protection
and associated compliance costs arising from exploration, mine
development, mine operations and mine closures; o expected
effective future tax rates in jurisdictions in which our operations
are located; o the protection of the health and safety of mine
workers; and o mineral rights ownership in countries where our
mineral deposits are located, including the effect of the Mineral
and Petroleum Resources Development Act (South Africa); -- changes
in general economic conditions, the financial markets and in the
demand and market price for gold, silver and other minerals and
commodities, such as diesel fuel, coal, petroleum coke, steel,
concrete, electricity and other forms of energy, mining equipment,
and fluctuations in exchange rates, particularly with respect to
the value of the U.S. dollar, Canadian dollar and South African
rand; -- unusual or unexpected formation, cave-ins, flooding,
pressures, and precious metals losses (and the risk of inadequate
insurance or inability to obtain insurance to cover these risks);
-- changes in accounting policies and methods we use to report our
financial condition, including uncertainties associated with
critical accounting assumptions and estimates; -- environmental
issues and liabilities associated with mining including processing
and stock piling ore; -- geopolitical uncertainty and political and
economic instability in countries which we operate; and -- labour
strikes, work stoppages, or other interruptions to, or difficulties
in, the employment of labour in markets in which we operate mines,
or environmental hazards, industrial accidents or other events or
occurrences, including third party interference that interrupt the
production of minerals in our mines. For further information on
Great Basin Gold, investors should review the Company's annual Form
40-F filing with the United States Securities and Exchange
Commission www.sec.com and home jurisdiction filings that are
available at www.sedar.com. Great Basin Gold Ltd. CONTACT:
For additional details on Great Basin and its gold
properties,pleasevisit the Company's website at www.grtbasin.com or
contact InvestorServices:Tsholo Serunye in South Africa27 (0) 11
301 1800Michael Curlook in North America1 (888) 633 9332Barbara
Cano at Breakstone Group in the USA (646) 4522334
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