Great Basin Gold Ltd. (fka GBGLF)

[basserdan]

>>>As far as GBN in general, am disappointed that HL has not lived up to its JV agreement. Hollister should have been in production by Aug 2005. I was counting on the Hollister cash flow to finance Burnstone. Now it appears Burnstone may well require financing in first half 2006 and there is no Hollister cash flow to internally finance. A great disappointment to me.<<<
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G'morning Mark,

From today's Hecla's third qtr earnings/exploration PR....

Further advancement of the underground exploration decline ramp at the Hollister Development Block gold project in Nevada, with the first underground exploration drill rig scheduled to begin operating in January 2006

Hollister Block -- The Hollister Development Block gold exploration project is an earn-in to a joint venture with Great Basin Gold. The project is targeting a new underground deposit on the Carlin Trend in Nevada, identified earlier with surface drilling by Great Basin Gold. For the past nine months, Hecla has been driving drift toward the vein systems, and it is anticipated that the first exploration drill will be placed underground in January. The exploration drift has intersected a number of veins and veinlets along the trend of the Gwenivere vein. A feasibility study on the economics of mining the deposit is expected to be completed by early 2007.

http://biz.yahoo.com/bwml/051108/85342.html?.v=1