Great Basin Gold Ltd
SymbolGBG
Shares Issued333,518,701
Close 2009-10-26C$ 1.61
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Great Basin drills 4.5 ft of 62.88 opt Au at Hollister

2009-10-27 14:16 ET - News Release

Mr. Ferdi Dippenaar reports

GREAT BASIN GOLD PROVIDES HOLLISTER EXPLORATION RESULTS AND OPERATIONAL UPDATE

Great Basin Gold Ltd. has released further high-grade underground drilling results from its Hollister property in Nevada for the quarter ending Sept. 30, 2009. Exceptional results have been achieved from underground boreholes HSD-116, 118, 84, 85, 86 and 87, which have intersected grades of six ounces per ton gold to 63 ounces per ton Au (300 grams per tonne to 2,150 g/t Au) over widths ranging from 0.5 feet to 6.4 feet (0.2 metre to three metres) on the central Gwenivere vein system, and are part of the 40 vein intersections in excess of one ounce per ton Au (34.28 g/t Au) made during the quarter.

Mineralization in the Gwenivere vein system continues to give intersections with robust grades -- 107 boreholes (excluding five holes (greater than) 10 ounces per ton Au) averaged 2.247 ounces per ton Au over 2.1 feet (77.04 g/t Au over 0.6 m). Mineralization in the Clementine vein system also continues to give intersections with robust grades -- 24 boreholes averaged 0.935 ounce per ton Au over 1.8 feet (32.07 g/t Au over 0.5 m).

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