VANCOUVER,
Oct. 3, 2011 /PRNewswire/ - 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
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.
SOURCE Great Basin Gold Ltd.