VANCOUVER, Oct. 31, 2011 /PRNewswire/ - Great Basin Gold Ltd. ("Great Basin Gold" or the "Company") (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces an addition to its management team with the appointment of Joseph M. (Joe) Driscoll as Vice President (VP) for Great Basin Gold's Nevada Operations. Joe Driscoll is a qualified Mining Engineer and alumnus of the College of Mineral Science and Technology (1987) from which he holds a Bachelor of Science degree. He started his mining career at Western Energy Company as a Metallurgical Technician in 1986, following which he also worked for Pegasus Gold, New Butte Mining Company, Independence Mining Company, Stillwater Mining Company and Newmont's Carlin and Midas Operations. In 2005, he was Mine Manager at Queenstake Resources' Jerritt Canyon Operations, and in 2006 he joined Barrick's Goldstrike Mine as Mine Operations and Maintenance Superintendent. In 2007, he rejoined Newmont's Carlin Operation where he has been Leeville Mine Manager until this appointment with Great Basin Gold. Responsible for leading the well-qualified management team that is primarily focused on safely operating and developing the Company's Hollister and Esmeralda operations, Joe will be instrumental in enhancing partnerships and relations with stakeholders in the area. His role will also be to direct the team's efforts toward the intended long term growth, backed by sustained performance, in that operating environment. President and CEO Ferdi Dippenaar said: "We are extremely pleased to have Joe join the company and strengthen our operational team in Nevada. He brings with him a wealth of knowledge and experience which we believe will be instrumental in unlocking the value of our Hollister and Esmeralda projects in Nevada." Ferdi Dippenaar President and CEO No regulatory authority has approved or disapproved the information contained in this news release.
Shares of Great Basin Gold (AMEX:GBG) were gapping down Thursday morning with an open price 10.3% lower than Wednesday's closing price. The stock closed at 78 cents yesterday and opened today's trading at 70 cents.
Great Basin Gold (AMEX:GBG) hit a new 52-week low Monday as it is currently trading at 85 cents, below its previous 52-week low of 86 cents with 473,981 shares traded as of 10:35 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.