BB's Stock Haven

[Rob_seller]

GBN (gold company) breakout

Company regains 100% of advanced high-grade gold-silver property
Great Basin Gold Ltd. (TSX: GBG) (AMEX: GBN) (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).

The transaction is structured as a purchase of Hecla's subsidiary Hecla Ventures Corp. which held the earn-in rights and which was managing the earn-in program. The transaction is subject to stock exchange and other customary closing conditions and will require the Company to secure sufficient financing. Completion is targeted for March 2007 with a deadline of April 30, 2007.

The HDB Project comprises approximately 5% of the Hollister property. Early exploration by Great Basin Gold to 2001 had outlined a high grade-gold silver mineral resource on the property.