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GBG - Great Basin Gold Limited - Appointment of chief operating officer
GREAT BASIN GOLD LIMITED
(Incorporated in Canada and registered as an External Company in South
Africa)
(Registration No. 2006/021304/10)
Share Code: GBG ISIN Number: CA3901241057
("Great Basin Gold" or "the Company")
GREAT BASIN GOLD ANNOUNCES THE APPOINTMENT OF A CHIEF OPERATING OFFICER
October 3, 2011, Vancouver BC - Great Basin Gold Ltd. ("Great Basin
Gold" or the "Company") (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces a
change to its management team with the appointment of Dana Roets as
Chief Operating Officer.
Dana Roets is a qualified Mining Engineer and an alumnus of the
University of Pretoria (1986), who also holds an MBA through the
University of Cape Town (1995). He started his mining career at Gold
Fields` St Helena Gold Mine in the Free State, and then spent two years
as Manager Mining and General Manager at the Oryx Gold Mine. He was
Managing Director of Kloof Mines before spending four years as Managing
Director of Gold Fields` Free State Mines and Vice President and Head of
Operations at Beatrix Gold Mine. Subsequently, he spent a further three
years as the Vice President: Technical Services and a year as Vice
President and Head of Operations at the Kloof Gold Mine. He was
appointed VP Corporate Development with Great Basin Gold in February
2010, before joining Anglo Platinum in mid-2011.
President and CEO Ferdi Dippenaar said: "Dana Roets replaces Johan
Oelofse, who has been our Chief Operating Officer for the past five
years and has left the company to pursue other opportunities. The Board
and management would like to acknowledge Johan`s contribution to the
development of Great Basin and wish him good luck in the future."
"We also welcome Dana back and look forward to his input in the growth
of our company in his new role as Chief Operating Officer. Dana was
instrumental in the development and application of Long Hole Stoping as
mining method at our Burnstone operations, the success thereof being
evident today. His experience in the design and project management of
large capital projects will prove equally valuable at this particular
time, as we are progressing with two projects: the build-up of
production at our Burnstone Mine in South Africa and the advancement of
our Hollister Project in Nevada, USA."
Ferdi Dippenaar
President and CEO
For additional details 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
+1 888 633 9332
Barbara Cano at Breakstone Group in the USA
+1 646 452-2334
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, bank loan arrangements, 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 for precious metals, credit
availability, development 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 Canadian
jurisdiction filings that are available at www.sedar.com.
Canada
3 October 2011
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 03/10/2011 14:30:01 Supplied by www.sharenet.co.za
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