Great Basin Gold Acquires Mill, Updates Operations and Finances

Great Basin Gold Ltd. has announced that it has signed an agreement with Metallic Ventures Gold Inc, whereby the Company will purchase the Esmeralda processing plant in Nevada, inclusive of the Esmeralda mine and infrastructure for US$2 million. The Company's decision to purchase the Esmeralda Mill follows an extensive evaluation process whereby various milling options for its Hollister project were considered. Esmeralda is approximately 290 miles from the Hollister project with 80% of that distance over paved interstate roads. Transport costs from Hollister are estimated at US$55 per ton….more at MEIOnline