Project overview
About this development
Great Basin Bold is developing a shallow, long-life mine at a cost of R2-billion over the 19-year life-of-mine for the project. The project entails the construction of a new gold mine on a relatively shallow but marginal prospect in the north-eastern part of the Witwatersrand Basin, 80km south-east of Johannesburg. Great Basin Gold, following extensive drilling in 2005, announced that Burnstone Goldfields was a 18km long, north-westerly-trending mineralized corridor within the Kimberley Reef. A preliminary study suggests that the mine will produce around 23 6000 ounces of gold annually. Developmental costs have increased from $114 million to $175 million.
Project at a glance
Burnstone Gold Mine is located in Gauteng. The project is classified in the Private sector. Its current recorded stage is Complete. The recorded project value is R 200 Million+.