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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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Produces Gold -
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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%
Company ProfileAll ProjectsCompany websiteCompany project page
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
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
TonnageGradeReserves and resources
GoldGold
g/toz
 Proven29,784,0004.11 3 935 645
 Probable14,436,0005.23 2 427 390
 Proven and Probable44,220,0004.48 6 363 035
 Measured37,200,0005.78 6 912 925
 Indicated21,300,0007.60 5 204 563
 Mesured and Indicated58,500,0006.44 12 117 488
 Inferred54,900,0004.75 8 384 111
 Total 157 620 000 26 864 634
Definitions
Reserves and resources of the Burnstone Project
MetalTotalReservesResourcesUnitIn situ value
ProvenProbableProven and ProbableMeasuredIndicatedMesured and IndicatedInferred
 Gold 26 864 634 3 935 645 2 427 390 6 363 035 6 912 925 5 204 563 12 117 488 8 384 111oz37 022 958 038 US$
Production history
Metal2010
Production Objectives
Metal20132014201520162017201820192020
GOLD (oz)254,000254,000254,000254,000254,000254,000254,000254,000
Exploration and drilling
9/11/2012Suspends Operations at its Burnstone Mine
1/19/2011PROVIDES Q4 2010 PRODUCTION UPDATE
11/3/2010Great Basin ramping up Burnstone gold mine - achieves first ...
11/2/2010FIRST GOLD POUR AT BURNSTONE
10/7/2010Provides update on the Burnstone Mine Project
7/13/2010Burnstone Project update Site to receive Eskom power on Augu...
6/3/2010Provides update on Burnstone Mine Project
5/17/2010Completes holing of ventilation shaft and updates on deliver...
11/30/2009Burnstone Mine power supply development update
9/1/2009obtains credit approval for Burnstone Project finance
6/11/2009announces progress on Burnstone project funding
6/8/2009Eskom's Power suplly to Great Basin Gold's Burnstone project...
2/25/2009BURNSTONE GOLD PROJECT: EXECUTION OF MINING RIGHT AND ENVIRO...
2/10/2009Burnstone Gold Project: Number 1 Vertical Shaft Enters Phase...
11/13/2008REPORTS PROGRESS IN QUARTER ENDING SEPTEMBER 30 2008
10/31/2008ANNOUNCES THE GRANTING OF THE MINING RIGHT FOR ITS BURNSTONE...
1/25/2008BURNSTONE MINE UNAFFECTED BY POWER INTERRUPTIONS
1/11/2008Announces Development of Second Outlet
12/10/2007Great Basin Gold could add 1m ounces to Burnstone output
10/2/2007Announces Closing of BEE Transaction Agreements for Burnston...
9/19/2007Announces Acceptance of Burnstone Mining Rights Application ...
Discoveries and Drilling Results
10/14/2010Positive Initial Results in Commissioning of the Burnstone M...
8/24/2010Provides mineral resource update for its Burnstone Gold Proj...
2/19/2008ONGOING EXPLORATION INCREASES MEASURED & INDICATED RESOURCES...
Location
Data last updated on : 12/31/2010
Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources