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Burnstone Project
Burnstone
Country
South Africa
Province
Mpumalanga
Close to
Balfour
Status
PRODUCTION
Mining Trend
Witswatersrand Basin
Latitude / Longitude
26 S 44 / 28 E 31
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Risk and valuation analysis of the Burnstone Project
Status Risk : Production
Country Risk : Important
Resource Risk : 51.00%
In situ value
37,039,614,112 $
Link to technical report
Title(s) of the Burnstone Project
Great Basin Gold Ltd
Owner: 100%
Title
Company Profile
All Projects
Company website
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On Monday, 1 October, Tranter Burnstone (Proprietary) Limited ("Tranter Burnstone"), a subsidiary of Tranter Gold, subscribed for 812 new ordinary shares in Southgold Exploration (Proprietary) Limited ("Southgold"), a wholly-owned subsidiary of Great
more...
Location of the Burnstone Project
The Burnstone gold property is located 80 km southeast of Johannesburg, near the town of Balfour. It lies in open, rolling country, traversed by major paved highways, railroads and power lines, providing excellent infrastructure for mineral development.
History of the Burnstone Project
Gold was first discovered in this area in 1887, leading to the establishment of a number of small Companies and prospects that operated, intermittently, from 1892 to 1962. The Heidelberg- Roodepoort Company at the time was the largest single histor
more...
Reserves and resources of the Burnstone Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Proven
29,784,000
4.11
3 935 645
Probable
14,436,000
5.23
2 427 390
Proven and Probable
44,220,000
4.48
6 363 035
Measured
37,200,000
5.78
6 912 925
Indicated
21,300,000
7.60
5 204 563
Mesured and Indicated
58,500,000
6.44
12 117 488
Inferred
54,900,000
4.75
8 384 111
Total
157 620 000
26 864 634
Definitions
Reserves and resources of the Burnstone Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
26 864 634
3 935 645
2 427 390
6 363 035
6 912 925
5 204 563
12 117 488
8 384 111
oz
37 022 958 038 US$
Production history
Metal
2010
Production Objectives
Metal
2013
2014
2015
2016
2017
2018
2019
2020
GOLD (oz)
254,000
254,000
254,000
254,000
254,000
254,000
254,000
254,000
Exploration and drilling
9/11/2012
Suspends Operations at its Burnstone Mine
1/19/2011
PROVIDES Q4 2010 PRODUCTION UPDATE
11/3/2010
Great Basin ramping up Burnstone gold mine - achieves first ...
11/2/2010
FIRST GOLD POUR AT BURNSTONE
10/7/2010
Provides update on the Burnstone Mine Project
7/13/2010
Burnstone Project update Site to receive Eskom power on Augu...
6/3/2010
Provides update on Burnstone Mine Project
5/17/2010
Completes holing of ventilation shaft and updates on deliver...
11/30/2009
Burnstone Mine power supply development update
9/1/2009
obtains credit approval for Burnstone Project finance
6/11/2009
announces progress on Burnstone project funding
6/8/2009
Eskom's Power suplly to Great Basin Gold's Burnstone project...
2/25/2009
BURNSTONE GOLD PROJECT: EXECUTION OF MINING RIGHT AND ENVIRO...
2/10/2009
Burnstone Gold Project: Number 1 Vertical Shaft Enters Phase...
11/13/2008
REPORTS PROGRESS IN QUARTER ENDING SEPTEMBER 30 2008
10/31/2008
ANNOUNCES THE GRANTING OF THE MINING RIGHT FOR ITS BURNSTONE...
1/25/2008
BURNSTONE MINE UNAFFECTED BY POWER INTERRUPTIONS
1/11/2008
Announces Development of Second Outlet
12/10/2007
Great Basin Gold could add 1m ounces to Burnstone output
10/2/2007
Announces Closing of BEE Transaction Agreements for Burnston...
9/19/2007
Announces Acceptance of Burnstone Mining Rights Application ...
Discoveries and Drilling Results
10/14/2010
Positive Initial Results in Commissioning of the Burnstone M...
8/24/2010
Provides mineral resource update for its Burnstone Gold Proj...
2/19/2008
ONGOING EXPLORATION INCREASES MEASURED & INDICATED RESOURCES...
Location
Data last updated on : 12/31/2010
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