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Gold/Mining/Energy : ARU.V Aurelian Resources Inc -- Ignore unavailable to you. Want to Upgrade?

To: I_C_Deadpeople who wrote (158)	2/21/2007 4:14:41 PM
From: sageyrain	Respond to of 516

Great Basin Gold Purchases Hecla's Interest in Hollister Development Block, NV. Company regains 100% of advanced high-grade gold-silver property VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 21, 2007 -- Great Basin Gold Ltd. (Toronto:GBG.TO - News) (AMEX:GBN - News) (JSE: GBGOLD) ("Great Basin Gold" or the "Company") announces that it has purchased Hecla Mining Company's 50% earn-in rights in the Hollister Development Block (HDB) project on the Carlin Trend in Nevada for a total of US$60 million, comprising US$45 million in cash and the remaining US$15 million in Great Basin Gold common stock (approximately 7.8 million shares). (more) biz.yahoo.com ----------------- $60,000,000 / 925,000 oz res. = $65/oz. Hecla has spent $30,000,000 digging an access ramp, design work, permitting, 1000 ft of underground drifting, 55,000 ft. of underground drilling. It is largely production ready, and in the U.S. The underground scenario is similar to ARU's, I think. A bit of euphoria creeping in here, just trying to keep things balanced.