Great Basin Gold GBG.VSE (merger of Pacific Sentinel Gold) Message Board

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Gold/Mining/Energy : Great Basin Gold GBG.VSE (merger of Pacific Sentinel Gold)

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To: goldsheet who wrote (135)	3/30/2000 9:53:00 AM
From: Dan P	Read Replies (1) of 317

News on another high-grade system: now if we could get a little help from ***##!!! pog. Drill data didn't come through well but can be obtained from this link to the web site: hdgold.com Click on companies, gbg and latest news release. Regards Dan GREAT BASIN DISCOVERS ANOTHER HIGH-GRADE VEIN SYSTEM AT IVANHOE March 29, 2000, Vancouver, Canada ? Robert G. Hunter, Chairman of Great Basin Gold Ltd. (CDNX-GBG; OTC.BB-GBGLF) is pleased to announce that a new high-grade gold-silver vein system has been discovered 300 feet south of the Clementine and Gwenivere vein systems at the Company?s 100%-owned Ivanhoe property on the Carlin Trend in Nevada. ?Ivanhoe now represents the largest under-explored epithermal gold vein system being developed in the United States,? said Mr. Hunter. ?The high-grade underground-mineable vein systems discovered to date lie within the outline of a 50-square-mile hydrothermal overprint most of which awaits further exploration.? Given the immense size of the hydrothermal system, additional parallel vein swarms were suspected north and south of the Clementine and Gwenivere vein systems which are currently being delineated by drilling, and this is now confirmed. Assay results for core holes 80, 81 and 82 which discovered the new multiple vein system are presented in the table below and hole locations are shown on the attached drill hole plan. Core intersections include 4.4 feet grading 2.43 ounces gold equivalent per ton; 18.7 feet grading 0.68 ounces gold equivalent per ton; and 1.8 feet grading 2.00 ounces gold equivalent per ton. The new vein swarm has the same structural north-west trend and geological characteristics as the parallel Clementine and Gwenivere systems. All the vein systems remain open for expansion along strike and to depth with significant extensions to all trends anticipated. Work will focus on extending the new system along strike in both directions. Ongoing drilling will also fully delineate the Clementine and Gwenivere systems as well as explore for additional parallel gold vein systems with continued angle drilling on a north-south orientation. Permitting is in place for 31 additional drill sites that are located outward from the current area of drilling. A third core drill is on site and will be deployed when wet spring weather improves. For further information on Great Basin Gold Ltd. and its Ivanhoe property contact Investor Services at 1-800-667-2114. ON BEHALF OF THE BOARD Robert G. Hunter Chairman No regulatory authority has approved or disapproved the information contained in this news release.

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