UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
CIK # 865492
As at January 29, 2009
GREAT
BASIN GOLD LTD.
Ste. 1108-1030 West georgia st.
Vancouver , British Columbia
Canada V6E 2Y3
(address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F...X.... Form 40-F.........
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of
a Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes ..... No .....
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ________
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
By: /s/ Ferdi Dippenaar
President and CEO
Date: February 3, 2009
Print the name and title of the signing officer under his signature.
|
1108-1030 West Georgia St.
Vancouver, BC
Canada V6E 2Y3
Toll Free: 1 888-633-9332
South Africa: 27 (0) 11 301 1800
www.grtbasin.com
|
GREAT BASIN REPORTS CONTINUED
EXPLORATION
SUCCESS AT HOLLISTER PROPERTY
January
29, 2009, Vancouver, BC -
Great Basin
Gold Ltd ("Great Basin" or the "Company"), (TSX: GBG; NYSE
Alternext: GBG; JSE: GBG) announces further high-grade exploration drilling
results at its Hollister gold property on the Carlin Trend in Nevada, USA.
Exploration and evaluation diamond drilling has continued
at the Hollister Property. During the fourth quarter of 2008, underground
evaluation and exploration drilling for other mineralized structures totaled
13,455 feet (4,101 metres) and surface diamond drilling totaled 16,084 feet
(4,902 metres). The programs continue to deliver high-grade intersections
on the Clementine and Gwenivere vein systems (see below) in the main Hollister
Development Block (HDB) area. In addition, further encouraging intersections
have been returned from drilling the most recent discovery at the Hatter Graben
Veins to the east of the HDB. Geological modeling and mineral resource estimation
of these mineral systems is currently under review.
The underground drilling is providing more information about the strike (3000
ft/ 980 m) and vertical (1300 ft / 396 m) continuity of the vein systems.
In the main Hollister area, the mineral system currently comprises 24 discrete
east-west striking subvertical veins, which constitute the Clementine and
Gwenivere groups. The system is still open along strike, at depth, and in
areas up to and above the Ordovician / Tertiary Unconformity. Sixteen (16)
boreholes were completed targeting the Gwenivere system, seven (7) targeted
Clementine, and five (5) focused on new exploration targets. Highlight intersections
are tabulated below:
|
Vein
System/
Area Targeted
|
Drill
Hole
ID
|
Vein
Intersection
|
Drilled
Thickness (ft)
|
Est.
True
Width (ft)
|
Analytical
Results
|
|
From
|
To
|
Au
(opt)
|
Au
(g/t)
|
Ag
(opt)
|
Ag
(g/t)
|
|
U/G
Exploration
|
HDB-255
|
91.4
|
92.0
|
0.6
|
0.6
|
1.490
|
51.09
|
0.60
|
20
|
|
HDB-265
|
552.8
|
554.3
|
1.5
|
1.5
|
0.290
|
10.10
|
0.70
|
23
|
|
HDB-265
|
1770.4
|
1774.0
|
3.6
|
3.6
|
0.560
|
19.10
|
0.20
|
6
|
|
Clementine
|
HDB-251
|
119.5
|
128.0
|
8.5
|
8.1
|
1.581
|
54.21
|
4.83
|
166
|
|
HDB-251
|
856.0
|
857.3
|
1.3
|
1.1
|
2.320
|
79.54
|
3.10
|
107
|
|
HDB-258
|
31.5
|
32.7
|
1.2
|
0.7
|
2.240
|
76.80
|
1.0
|
36
|
|
Gwenivere
|
HDB-238
|
170.8
|
172.0
|
1.2
|
1.2
|
2.760
|
94.63
|
11.90
|
407
|
|
HDB-240
|
170.0
|
183.0
|
13.0
|
12.6
|
1.575
|
54.00
|
0.80
|
27
|
|
HDB-246
|
67.2
|
71.0
|
3.8
|
3.6
|
1.535
|
52.63
|
12.00
|
413
|
|
HDB-246
|
158.0
|
160.6
|
2.6
|
2.4
|
1.115
|
38.23
|
7.00
|
241
|
|
HDB-247
|
87.0
|
95.3
|
8.3
|
6.8
|
1.164
|
39.91
|
6.80
|
232
|
|
HDB-247
|
190.4
|
191.7
|
1.3
|
1.1
|
1.160
|
39.77
|
17.40
|
598
|
|
HDB-249
|
94.2
|
99.0
|
4.8
|
4.1
|
8.215
|
281.66
|
36.00
|
1235
|
|
HDB-249
|
206.0
|
210.1
|
3.9
|
3.4
|
4.130
|
141.60
|
9.70
|
331
|
|
HDB-250
|
173.0
|
177.0
|
4.0
|
3.8
|
1.525
|
52.29
|
6.88
|
235
|
|
HDB-275
|
142.0
|
144.9
|
2.9
|
1.7
|
3.510
|
120.34
|
17.20
|
591
|
|
HDB-276
|
113.0
|
116.0
|
3.0
|
1.7
|
1.310
|
44.91
|
10.70
|
362
|
|
HDB-276
|
122.0
|
127.0
|
5.0
|
3.5
|
1.470
|
50.40
|
7.40
|
254
|
|
HDB-277
|
49.7
|
50.6
|
0.9
|
0.7
|
8.170
|
280.11
|
15.30
|
525
|
|
HDB-277
|
105.7
|
113.0
|
7.3
|
6.0
|
2.240
|
76.80
|
15.60
|
535
|
A complete tabulation of the recent drilling results is
available on the Great Basin Gold website www.grtbasin.com. Of the holes completed
at the main HDB: 23 holes had intersections of greater than 0.1 opt Au over
widths of 0.5-12.6 ft and 4 had no significant intersections. Of the holes
completed at the Hatter Graben: 13 holes had intersections of greater than
0.1 opt Au over widths of 0.5-17.7 ft, and 7 had no significant intersections.
The wider intersections on the Gwenivere vein, e.g. HDB-240 and HDB-247, were
drilled to test the big Gwen Zone, where the veins in the Gwenivere systems
are interpreted to coalesce.
The highlight of the underground exploration drilling has been
HDB-265
,
drilled at a shallow angle eastwards from the end of the main lateral development
and towards the Hatter Graben prospect. At 1485-1520 feet (448.5-459.0 metres),
the borehole intersected a zone of tectonic brecciation and shearing that
divides Ordovician metasedimentary rocks and downthrown Tertiary volcanic
rocks. Follow up drilling in this area is underway, targeting below the Tertiary/Ordovician
unconformity for epithermal veining. The present interpretation is that this
structure is the East Clementine Fault which is a major north/northwest striking
main shear zone similar to the Midas Fault which hosts about two-thirds of
the resource at Newmont's Midas Mine 18 miles to the north of Hollister.
The surface drilling program has focused on further exploration of the Hatter
Graben target, around 5,000 feet (1,667 metres) east of the Clementine -
Gwenivere vein cluster. The area hosts a number of north/northwest-south/southeast
and east-west structures, as well as Eocene to Tertiary aged intermediate
to felsic intrusive rocks. However, a number of narrow and discrete vein intersections
support an east-west trending vein swarm not unlike the Clementine - Gwenivere
vein system. The Hatter Graben target area tested now has a strike extent
of approximately 3,000 feet (915 metres) and a width of up to 1,320 feet (400
metres).
The table below highlights significant new intersections:
|
Vein
System
|
Drill
Hole ID
|
|
Sample
Interval (ft)
|
Drilled
Thickness (ft)
|
Est.
True Width
(ft)
|
Analytical
Results
|
|
From
|
To
|
From
|
To
|
Au
(opt)
|
Au
(g/t)
|
Ag
(opt)
|
Ag
(g/t)
|
|
Hatter
Graben
|
H8-281
|
1758.0
|
1759.8
|
1758.0
|
1759.8
|
1.8
|
1.2
|
0.302
|
10.35
|
6.40
|
218
|
|
H8-281
|
1766.2
|
1768.6
|
1766.2
|
1768.2
|
2.4
|
0.8
|
0.615
|
21.09
|
0.60
|
19
|
|
H8-281
|
1800.0
|
1802.3
|
1800.0
|
1802.3
|
2.3
|
1.3
|
0.650
|
22.29
|
14.20
|
487
|
|
H8-281
|
1809.3
|
1811.6
|
1809.3
|
1811.6
|
2.3
|
1.3
|
1.400
|
48.00
|
25.00
|
857
|
|
H8-276
|
2546.0
|
2551.0
|
|
|
5.0
|
3.5
|
1.075
|
36.86
|
0.70
|
24
|
|
H8-277
|
2370.7
|
2371.2
|
|
|
0.5
|
0.4
|
0.173
|
5.93
|
431.00
|
14,777
|
The Hatter Graben area geology is currently being reviewed to enhance the planned
2009 work program.
Significant exploration potential remains to be tested on the surrounding claim
areas of the Hollister property. A total of sixteen (16) targets have been identified
for future exploration.
TARGET CLASSIFICATION
|
No
|
TARGET
|
|
Reserve delineation
|
1
|
Hollister Development
Block
|
Resource delineation
|
2
|
Gwenivere
East Clementine
|
|
Advanced follow-up
targets
|
5
|
Hatter Graben
East Clementine Fault
South Velvet
Blanket zone
Big Gwen
|
|
Follow-up targets
|
4
|
Butte Fault
Heap Leach
Western Sinters
North Hatter
|
|
Identified targets
|
2
|
Bounding structures
|
|
Regional targets
|
2
|
Other Hollister
permits
|
TOTAL
|
16
|
|
All the geospatial data for the property from historic and current exploration
is being collated, reviewed and structural targets reassessed and ranked in
order of priority.
Ferdi Dippenaar, President and CEO, commented: "The results from both
the underground drilling in the Hollister Development Block and the Hatter
Graben area continue to prove the prospectivity of the two mineralizing systems.
The number of wider intercepts accompanied by higher grades in the Gwenivere
Vein system has been encouraging. More drilling is planned to assist in improving
our understanding of the Hollister Development Block mineralization. An updated
mineral resource estimate is being prepared for the HDB which will incorporate
drilling results for 2008, and early stage work in the Hatter Graben area
is underway in preparation for a resource estimation."
Johan Oelofse, PrEng, FSAIMM, Chief Operating Officer for the Company and
a qualified person, has reviewed this news release on behalf of Great Basin.
For information on analytical procedures, see the Great Basin News Release
of June 23, 2008 available on the Company's website.
Ferdi Dippenaar
President and CEO
For additional details on Great Basin 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 America 1 888 633 9332
Barbara Cano at Breakstone Group in the USA (646) 452-2334
No regulatory authority has approved
or disapproved the information contained in this news release.
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 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, exploitation 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 home
jurisdiction filings that are available at www.sedar.com.