Great Basin Resource Watch Withdraws Appeal Against the Renewal of the Hollister Water Pollution Control Permit
19 Maio 2009 - 9:30AM
PR Newswire (US)
VANCOUVER, May 19 /PRNewswire-FirstCall/ -- Great Basin Gold Ltd,
("Great Basin" or the "Company"), (TSX: GBG; NYSE Amex: GBG; JSE:
GBG) announces that Great Basin Resource Watch ("GBRW") has
withdrawn its appeal against the renewal of the Water Pollution
Control Permit, effective November 28, 2008, that authorizes Rodeo
Creek Gold Inc ("RCG"), a wholly owned subsidiary of Great Basin
Gold, to produce and process, off site, up to 275,000 tons of ore
per year. This Large Scale mining facility permit is granted for a
period of 5 years and is renewable. GBRW initially filed an appeal
with the Nevada State Environmental Commission challenging NDEP's
issuance of the Water Pollution Control Permit. However, after
engaging in discussions with RCG's environmental personnel, a way
forward was agreed upon by both parties to address GBRW's concerns
and GBRW elected to dismiss the appeal. RCG will install a cluster
of piezometers and wells downgradient of the current waste rock
storage facility at the Hollister Project. This waste rock
facility, the first lined waste rock dump in Nevada, is constructed
on a historically disturbed mining area. The piezometers and wells
will monitor the water quality in and around the waste rock
facility. These measures will ultimately form an integral part of
the monitoring data and mitigation that will be evaluated in the
Environmental Impact Statement that BLM will prepare for the
Hollister Project. President and CEO Ferdi Dippenaar commented, "We
were committed from the outset to find an amicable solution in this
matter and are extremely pleased that this has been achieved. We
view the protection of the waters of Nevada of utmost importance,
not only from a compliance point of view, but also because it's the
right thing to do. We are looking forward to further cooperation
with Great Basin Resource Watch and all relevant authorities to
advance this goal." 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 http://www.sedar.com/. DATASOURCE: Great Basin Gold
Ltd. CONTACT: For additional details on Great Basin 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, 1-888-633-9223; Barbara Cano at Breakstone Group in
the USA, (646) 452-2334
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