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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: maxncompany	7/9/2007 9:56:10 AM
	of 78419

here are select parts, for full news go to greatbasingold.com Great Basin drills 5.4 feet of 1.26 opt Au at Hollister 2007-07-09 08:36 ET - News Release Mr. Ferdi Dippenaar reports GREAT BASIN GOLD'S HOLLISTER PROJECT CONTINUES TO DELIVER EXCELLENT RESULTS Great Basin Gold Ltd. has provided further results from underground drilling at the Hollister project on the Carlin trend in Nevada. The underground drill holes are spaced at 100-foot (30-metre) spacing to fill in gaps from surface drilling and to define and test identified resource expansion areas within the Clementine and Gwenivere vein systems. This new drilling information will not be taken into account for the feasibility study, which is nearing completion, but will be used for continuous adjustments to the current mining plans. Continued drilling has addressed gaps identified in the database and has started to expand the known mineral resources. The current work is part of a second phase 40,000-foot drilling program of which just over 24,000 feet of the program has been completed. Analytical results for the holes are being released as they are received. Results for 25 holes are shown in the attached table "Assay results -- underground drilling." ............Ferdi Dippenaar, Great Basin Gold President and CEO commented “Drilling continues to intersect substantial bonanza-style grades and widths. Most importantly, vein widths are holding up to expectations, which bode well for ease of mining. With the information we have to date (the table of results is available on our website) and the excellent results from continued drilling, we fully expect to be able to expand resources at depth and along strike.”

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