Great Basin Gold Provides Update on the Esmeralda Mill, Hollister Project
20 Outubro 2009 - 10:30AM
PR Newswire (US)
VANCOUVER, Oct. 20 /PRNewswire-FirstCall/ -- Great Basin Gold Ltd,
("Great Basin Gold" or the "Company"), (TSX: GBG; NYSE Amex: GBG;
JSE: GBG) announces that the Nevada Division of Environmental
Protection (NDEP) has granted approval of the Esmeralda Water
Pollution Control Permit, allowing the Company to continue with the
next phase of the Esmeralda Mill expansion. The Esmeralda Mill is
part of the Company's Hollister Project in northeastern Nevada. The
next phase of mill development includes construction, installation
and commissioning of the Gekko System, an In-Line Leach Reactor
(ILR) which optimizes the recovery of gold from high grade
concentrate streams. In addition to concentrate leaching in an ILR,
the Gekko system includes a gravity and flotation section, which
will capture free gold and silver up front, thereby reducing the
feed grade to the process flow. Esmeralda's ILR was shipped from
Australia and arrived at site on September 25. Construction of the
building and assembly of the components is expected to be completed
in the fourth quarter, enabling high metal recoveries at
Esmeralda's milling facilities. On September 9, 2009, the Esmeralda
Mill started processing its first Hollister ore. As at October 4,
2009, a total of 5,502 tons of ore had been processed. The
Hollister stockpiles are being sequentially depleted - low grade
first, medium grade second, and then the high grade at a rate of
over 240 tons per day. Low grade ore was selected to start the mill
to reduce the risk of poor recoveries during commissioning. The
high grade ore is planned for delivery at Esmeralda during the
second week of October. The mill has averaged 217 tons per day
since start up but, more importantly, for the 14 days up to October
4, the mill averaged 267 tons per day. Mill availability has
increased to over 95%. An estimated 405 ounces of gold and 2,955
ounces of silver are in process and, when concentrated, will be
forwarded to a refinery for recovery. President and CEO Ferdi
Dippenaar commented: "NDEP's recent approval allows for
installations for the Gekko System, including the extension of the
current mill building to accommodate the System, a 50-foot
thickener, a lime slaker system and a Genset to commence, thereby
keeping to the project schedule. The completion of this phase of
expansion paves the way to match processing capacity with the
mining underway. The Hollister Project has suffered from the lack
of consistent milling capacity, which also has impacted on the
market's understanding of the overall operational performance. The
Esmeralda Mill is expected to significantly reduce processing costs
and assist in improved reporting and feedback on Project and
Company performance." Johan Oelofse, PrEng, FSAIMM, Chief Operating
Officer for Great Basin Gold, and a Qualified Person as defined by
Canadian Securities Regulations in National Instrument 43-101, has
reviewed and approved the information and this news release. 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 Gold 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, (888) 633-9332, Barbara Cano at Breakstone Group in
the USA, (646) 452-2334
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