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

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To: Doug Green who started this subject	6/19/2003 10:50:05 AM
From: coug	Read Replies (2) of 317

GOLD, GOLD, GOLD, AND EVEN MORE GOLD.. From biz.yahoo.com <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< Press Release Source: Great Basin Gold Ltd. Great Basin Announces 6 Million Ounces of Gold in Measured and Indicated Resources in Burnstone Area 1 Gold Deposit Thursday June 19, 8:03 am ET VANCOUVER, British Columbia--(BUSINESS WIRE)--June 19, 2003--Ronald W. Thiessen, President and CEO of Great Basin Gold Ltd. (TSXV:GBG) (OTCBB:GBGLF - News) is pleased to announce the results of an updated independent resource estimate for the Area 1 deposit at the Burnstone Project in the Witwatersrand goldfield of South Africa. Since January 2003, Great Basin has carried out in excess of 20,000 metres of infill and step-out drilling in Area 1. This work has increased the mineral resource for the Area 1 gold deposit to 6 million ounces, and upgraded 60% of the resource from an indicated to a measured category. Approximately 10 more holes are planned for Area 1 to move further resources to the measured category. This drilling will be done in conjunction with the Area 2 drilling program that is currently underway. Great Basin commissioned the engineering firm, Behre Dolbear & Company to update the mineral resource for the Area 1 deposit. Behre Dolbear was involved in the due diligence assessment of the Burnstone property in 2002, as well as making recommendations for the recently completed Area 1 drill program. Great Basin staff and South African consultants compiled the new data and updated the geological model for the deposit. Behre Dolbear's resource estimation specialists reviewed the model, updated the estimate and classified the mineral resource based on 57 core holes and 208 valid deflections. The Behre Dolbear team worked under the direct supervision of James A. Currie, P. Eng., who is the independent qualified person for the resource estimates. >>>>>>>>>> MORE on this link.. biz.yahoo.com

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