DALLAS, Oct. 15, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Great Basin Gold Ltd. (AMEX:GBG). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.

The investment report on Great Basin Gold Ltd. (AMEX:GBG) should be of particular interest to other mining companies: Northgate Minerals Corp. (AMEX:NXG), Agnico-Eagle Mines Ltd. (NYSE:AEM), New Gold Inc. (AMEX:NGD) and Barrick Gold Corp. (NYSE:ABX).

The full report is available at: http://www.stockpreacher.com/n/GBG

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Great Basin Gold Ltd. (GBG) is engaged in the business of acquiring ownership of, or interests in, exploring and developing precious metals deposits. The Company has two material projects: the Hollister gold project, acquired in 1997, which is located on the Carlin Trend goldfield in Nevada, United States of America (the Hollister Property), and the Burnstone gold project, acquired in 2002, which is located in the Witwatersrand Basin goldfields in South Africa (the Burnstone Property).

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In the report, the analyst notes:

"During the last quarter, at Hollister Property, the Company's resource estimate increased by 27% to 2.9 million Au equivalent ounces. Moreover, GBG recovered 26,517 gold equivalent ounces from the sale of 27,860 tons of ore before toll milling charges and succeeded to decrease by 15% the cash cost per ton. Pre-development expenses for the Hollister property increased from CDN$5.2 million to CDN$8.5 million, quarter-on-quarter. To date, an amount of CDN$70 million has been expensed through the income statement for the Hollister operations.

"Progress continues to be made with the development of surface and underground infrastructure at the Burnstone Project. As at August 9, 2009, 7,709 ft (2,336 m) of decline development had been completed. The cross-cut to Block B 3 has accessed the Kimberley Reef and production stopes are being established. As at August 9, 2009, a total of 6,134 tons have been accumulated on the surface ore stockpile. A total of 40 ft (12 m) remains to access Block C before stope establishment for mining commences."

To read the entire report visit: http://www.stockpreacher.com/n/GBG

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