Great Basin Gold (TSE:GBG)(MKT:GBG) said Wednesday that the publication of the notice of availability for the Hollister project’s underground mine draft environmental impact statement (DEIS) is expected in the Federal register on June 1.
The Hollister project, which is located in Nevada, is operated by Rodeo Creek Gold Inc., a wholly owned subsidiary of Great Basin Gold.
The company said that the news Wednesday marks a “major milestone” in
the National Environmental Policy Act (NEPA) process for the Hollister
The NEPA process analyzes the proposed development to determine if
there will be significant environmental effects and also considers the
social as well as economic effects of the Hollister underground mine.
The DEIS proposed action for Hollister outlines key activities such
as transition from underground exploration and bulk sampling to
full-scale production, continued and expanded surface and underground
exploration activities, and construction of an 11.6 mile power line to
the mine site.
The DEIS also outlines the installation of either another ramp, or a shaft, to access different parts of the ore body.
standard comment period for DEIS documents is at least 45 days, the
company said in a release. During this time, comments can be provided to
the Bureau of Land Management with regard to any aspect of the DEIS.
The final EIS will address any comments that require changes, or any additional analysis.
are pleased the NEPA process which we have been working on with the BLM
(Bureau of Land Management) since late 2009 has culminated in the
publication of the DEIS,” chief executive Ferdi Dippenaar said.
"If all goes according to the planned administrative guidelines we
anticipate the FEIS could be ready during the second half of 2012."
Great Basin is a mining company engaged in the exploration and
development of gold properties. It is focused on its two producing
mines: the Hollister gold mine on the Carlin Trend in Nevada, and the
Burnstone gold mine, in South Africa.
The company said it expects Burnstone to produce between 90,000 and
100,000 gold ounces at cash costs of US$900 and US$1,000 per ounce for
fiscal year 2012. This is a marked improvement from the US$1,801 cash
cost seen in 2011.