Great Basin Gold Burnstone Mine

At the time it was owned by canadian outfit great basin gold gbg. Burnstone is located in the south rand basin a subsidiary of the main witwatersrand basin. Development continues with 5 747 metres of on reef development completed to the end of december 2010.

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Gbg announces that it has suspended operations at the company s burnstone mine located in the witwatersrand basin of south.

Great basin gold burnstone mine.

This reef lies between the outcrop and a depth of 1 300m below surface in the mining right area. Great basin gold limited is an international mining company with two emerging mines in the world s richest gold regions. Burnstone project was previously operated by great basin gold up to 2012 when the mine was placed on care and maintenance and gbg went into liquidation. At great basin gold burnstone mine located near balfour in south africa the main traffic areas within the mine had become overcome by fugitive and windborne dust making dust suppression a requirement.

The gold bearing target uk9 reef of the kimberley formation occurs in the central rand group of rocks. Operating costs of us 36 63 oz are estimated and cash costs would be us 254. Soil dust solutions soil solutions south african agent was called in to solve the problem using their dust control agent specifically designed for the harsh underground mining environment. Burnstone is about 80km south east of johannesburg near the town of balfour in mpumalanga.

Great basin gold or the company tsx. In january 2011 a large group of journalists and investors was welcomed with great fanfare at the opening of this. The hollister mine on the carlin trend in nevada and the burnstone mine in the witwatersrand basin south africa. Feasibility study on the gold project was completed in 2015 as project development started in 2016.

My first mine excursion to the burnstone gold mine was in early 2011. A capital investment of us 144 5 million will be needed to create an operation averaging 214 000 oz of gold annually over 14 years. An option on the mine was acquired by wits gold who in turn was acquired by sibanye gold. The mine has commenced with production build up.

At its burnstone mine great basin said that the capital expenditure programme has generally been completed with the vertical and ventilation shafts commissioned. South africa vancouver based great basin gold has received a positive feasibility report on its burnstone project near johannesburg.