IKN

a plague o both your houses

What do Great Basin Gold (GBG) and Nadagold (NG) have in common?

1. They’re both gold mining companies.

2. They both own properties named “Rock Creek”

3. Neither of them will ever develop their Rock Creek property.

But that’s where the similarities end, dudettes and dudes, because GBG is a serious mining company that is building two serious mines right now. It’s run by competent people and importantly, as the news today shows (see below) it cares about the people around it.

Nadagold is a joke, doesn’t give a damn about anyone but itself, it has been slapped with enviro fines over its Rock Creek operation and has screwed over the people of Nome, Alaska (where its version of Rock Creek lies) and still hasn’t paid local suppliers what it owes after a full year. Meanwhile, NG’s CEO Rick! Van Alphabet has paid himself a cool million loonies in the first half of 2009 when you tot up his salary and his never-ending inside share sales (I’m not kidding either…just his inside sales since April add up to U$543,450).

But back to GBG: Check out the following NR, cos this is the kind of attitude that more mining companies should take to social affairs. Nice job guys…you win brownie points.

WINNEMUCCA, NV, June 15 /PRNewswire-FirstCall/ – Great Basin Gold Ltd (TSX: GBG; NYSE Amex: GBG; JSE: GBG) (“Great Basin Gold” or the “Company”) is pleased to announce that it has created the Rock Creek Conservancy, LLC for the purpose of holding lands recently purchased by it, and the establishment of the Rock Creek Conservancy Fund. Great Basin Gold has purchased four sections in Lander County along Rock Creek and another section west of Rock Creek to prevent future real estate or mineral development on these lands.

In explaining why Great Basin Gold purchased the lands, Ferdi Dippenaar, President and CEO of Great Basin Gold stated, “Many Western Shoshone have used the Rock Creek area for over 700 years for traditional uses. Recognizing their cultural importance, Great Basin Gold purchased the lands to preserve them as part of the Company’s philosophy recognizing our Corporate Social Responsibility (“CSR”) to the communities in which we operate. We have spent approximately US$1.3 million at our Burnstone project in South Africa as part of our CSR and we are committed to making comparable social investments in and around our other projects, including at our Hollister project in the US. The purchase will safeguard the lands from development and allow Western Shoshone people to continue to have access to them for traditional uses. Great Basin Gold proposes to donate both the surface and the mineral estates on these lands for the benefit of the five Federally-recognized Nevada Western Shoshone Tribes (“Tribes”). The ultimate disposition of the lands will be determined during consultation between yada yada continues here

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