GREAT BASIN GOLD ANNOUNCES THE APPOINTMENT OF NEW DIRECTORS
May 16 2011 - 8:30AM
PR Newswire (Canada)
VANCOUVER, May 16 /CNW/ -- VANCOUVER, May 16 /CNW/ - Great Basin
Gold Ltd. ("Great Basin" or the "Company"), (TSX: GBG) (NYSE Amex:
GBG) (JSE: GBG) today announced the appointment to the Board of
three new Directors to its Board and one new director to the Board
of its subsidiary, all effective May 5, 2011. ANU DHIR holds a
Bachelor of Arts degree from the University of Toronto, Canada, and
a law degree (Juris Doctor) from Quinnipiac University,
Connecticut, USA. She was called to the Connecticut bar in 1995.
Anu has extensive experience in private equity and publicly-held
companies in the mining, oil and gas and technology sectors. She
most recently served as Vice President Corporate Development and
Company Secretary at Katanga Mining Limited, a TSX-listed company,
and is currently Managing Director of Miniqs Limited, a private
group primarily interested in resource projects that have the
capability to grow into major producing operations. OCTAVIA M.
MATLOA is a registered accountant and auditor with the South
African Institute of Accountants and the Independent Regulatory
Board of Auditors respectively. She studied for her BCom, majoring
in Accounting and Economics at the University of Cape Town; and
B.Com (Hons) and CTA at the University of Pretoria. Octavia is a
shareholder and director of Tsidkenu Chartered Accountants Inc.,
Jireh Holdings, Mukundi Mining Resources, Bokkies Transport, the
Vibe Group; and Nissy Holdings. In addition she has been
appointed by court as the first woman curator in the insurance
industry. She served/serves on a number of public sector audit
committees and has also won the 2010 Businesswoman of the year Van
Ryn's Black Business Quarterly Awards. Mametja Moshe holds a B.Com
Hons (Accounting) degree from the University of Kwazulu Natal and
is a qualified chartered accountant registered with the South
African Institute of Accountants. She brings a wealth of financial
knowledge having worked in the mergers and acquisitions teams of
international banks focusing on mining and telecommunication
companies. She has been appointed to the board of Southgold
Exploration (Pty) Ltd., the wholly owned subsidiary of Great Basin
Gold, and operator of the Burnstone Mine in South Africa. PHILIP
KOTZE is a mining engineer with over 30 years of experience in the
mining industry, including both operations and executive positions
at AngloGold Limited, Kalahari Goldridge Mining Company Limited and
Harmony Gold Mining Company Limited. A graduate of the University
of the Witwatersrand with a Graduate Diploma in Engineering (Mining
Economics), Mr Kotze also holds a National Higher Diploma in
Metalliferous Mining (WITS Technikon) as well as qualifications in
Industrial Relations and Management from the University of South
Africa. Ronald Thiessen. Great Basin Gold Chairman commented: "On
behalf of the Board, I would like to welcome our new members to
Great Basin and Southgold, our operating subsidiary in South
Africa. As you can see our new Board members bring a breadth
and depth of skills, knowledge and experience which will be
instrumental in providing guidance to our management and
representing our shareholders. Together we look forward to a
very exciting future as Great Basin Gold transitions to production
and a quality mid-tier gold producer." Great Basin Gold is a mining
company engaged in the exploration and development of gold
properties. The Company is currently focused on its two emerging
mines in the world's two richest gold regions. The Hollister gold
mine is located on the Carlin Trend in Nevada, USA and the
Burnstone gold mine is located in the Witwatersrand Basin goldfield
of South Africa. 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. To view this news release in HTML formatting, please
use the following URL:
http://www.newswire.ca/en/releases/archive/May2011/16/c4551.html p
For additional details on Great Basin and its gold properties,
please visit the Company's website at a
href="http://www.grtbasin.com"www.grtbasin.com/a or contact
Investor Services at:br/ br/ /p table border="0" tr td Tsholo
Serunye in South Africabr/ Michael Curlook in North Americabr/
Barbara Cano at Breakstone Group in the USA /td td +27 (0)
11 301 1800br/ +1 (888) 633 9332br/ +1 (646) 452 2334 /td /tr
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