Article: Great Basin Discovers Another High-Grade Vein System at Ivanhoe.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--March 29, 2000

Robert G. Hunter, Chairman of Great Basin Gold Ltd. (CDNX-GBG; OTC.BB-GBGLF) is pleased to announce that a new high-grade gold-silver vein system has been discovered 300 feet south of the Clementine and Gwenivere vein systems at the Company's 100%-owned Ivanhoe property on the Carlin Trend in Nevada.

"Ivanhoe now represents the largest under-explored epithermal gold vein system being developed in the United States," said Mr. Hunter. "The high-grade underground-mineable vein systems discovered to date lie within the outline of a 50-square-mile hydrothermal overprint ...

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