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Additional Information
Market: TSX, AMEX, JSE
Sector: Gold Mining
EPIC: GBG
Latest Price: 1.05  (-8.70% Descending)
52-week High: 2.78
52-week Low: 0.90
Market Cap: 498.99M
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Great Basin Gold
www.grtbasin.com

Great Basin Gold is developing mining assets in two of the world's richest gold environments -- the Witwatersrand Basin of South Africa and the Carlin Trend of Nevada, USA, positioning the Company to grow substantially in value as it progresses towards its goal of becoming a low-cost mid-tier gold producer.

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Great Basin Gold increases Hollister mineral resources

17th Jun 2009, 3:13 pm
Great Basin Gold increases Hollister mineral resources

Great Basin Gold Ltd (TSX: GBG) announced today that a revised mineral resource estimate had been completed for its Hollister Project on the Carlin Trend in Nevada. The overall contained gold equivalent ounces at Hollister have increased by 27 percent from the 2.3 million estimated in June 2008 to 2.9 million.

At a cut-off grade of 8.57 grams per ton of gold, the combined measured and indicated mineral resources contain 1.45 million gold equivalent ounces grading 40 g/t for gold and 295 g/t for silver.

A further 1.43 million gold equivalent ounces are contained in inferred mineral resources of 1.03 million tons at a grade of 45.95 g/t for gold and 93 g/t for silver; gold equivalent ounces in the estimated inferred resources increased 111 percent from June 2008.

The resource estimate has benefited significantly from over nine months of trial mining, which generated data from channel sampling and delineation drilling for stope development.

The ongoing program will continue to focus primarily on extensions of the Gwenivere and Clementine vein system to the west/northwest and at depth.

Great Basin currently has three drill rigs in operation underground, undertaking stope delineation, resource infill and exploration drilling. Surface exploration is currently focused on collating and reviewing all geophysical, geological and drilling data for the property.

Additional drilling is also being considered for the Hatter Graben area during the third and fourth quarters of 2009.

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