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TheViewMaster

11/23/10 2:03 AM

#23429 RE: BBalls-N-CowTown #23428

Most Likely,...

...Name Confusion Associated With Great Basin Gold Ltds', Hollister Underground Mine Bonanza Strike A Couple Weeks Ago...

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ELKO - Great Basin Gold Ltd. has struck gold grades as high as 2,560.4 ounces per ton during trial mining at the Hollister underground mine in northwestern Elko County.
"It's exciting for us. It's very, very fine gold. Some of its visible," Lee Morrison, manager of human resources for the company's Nevada operations, said this week.
"We're verifying the results now at an independent lab, but obviously the miners know and people in the area know about it," he said.
"It's in the very early stages. We don't know what we have. We have the tiger by the tail and will see where it goes," Morrison said.
Great Basin Gold announced the bonanza discovery of high grades of gold and silver because the word is out locally, but the company cautioned investors over interpretation of the news at this point...


Source: Hollister hits high gold grades

http://elkodaily.com/mining/article_e5c60256-ee85-11df-9f19-001cc4c03286.html

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redpony

11/23/10 7:57 AM

#23440 RE: BBalls-N-CowTown #23428

BBalls: It was on a chat board, at Penny Stock Finder, you're right dosen't seem right M.O. for placer mines. Thanks.