WGR - Wits Gold - Granted three new order prospect
WGR
WGR
WGR - Wits Gold - Granted three new order prospecting rights in the Southern
Free State Goldfield
Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR
ISIN: ZAE000079703
TSX Code: WGR
CUSIP Number: S98297104
(`Wits Gold` or `the Company`)
WITS GOLD GRANTED THREE NEW ORDER PROSPECTING RIGHTS IN THE SOUTHERN FREE STATE
GOLDFIELD
Wits Gold is pleased to announce that the Company has been granted three
additional new order prospecting rights for gold and uranium in the Free State
Province. The new rights cover a combined extent of 5645 hectares and serve to
further consolidate the Company`s existing position in the southern Free State
Goldfield.
Two of these prospecting rights cover 3748 hectares in the Theunissen District.
They are located immediately north of the dormant Beisa uranium mine that now
occurs on the Beatrix Mine lease operated by Gold Fields. According to the South
African Chamber of Mines production figures for Beisa Mine over the period 1982-
84, a total of 2.4Mt were mined at an average yield of 0.47 kg/t U3O8 and 1.5
g/t Au. Wits Gold has now been able to develop a strategic ground position in
this Beisa North area that complements the Beisa South project that was the
subject of a SENS announcement on 2 April 2008. The Company is currently
reviewing the geology and historical exploration data from the entire Beisa
region before commencing follow-up drilling.
Prospecting rights have also been acquired for the Floriana project covering
1897 hectares in the Virginia District. Recent drilling by Wits Gold in the
Company`s De Bron project suggests that the Floriana area may host supplementary
resources on the Beatrix and Leader Reefs at depths of the order of 500 - 1000
metres below surface.
Wits Gold has now been granted a total of 13 prospecting rights covering 102512
hectares situated in the Free State, Potchefstroom and Klerksdorp Goldfields of
the Witwatersrand Basin. The Company continues to focus its exploration
activities on a number of priority projects selected on their potential to host
world class gold-uranium deposits.
For further information please contact:
Dr. Marc Watchorn
Chief Executive Officer
Tel: +27 11 832 1749
Mr. Hethen Hira
Investor Relations
Tel: +27 11 832 1749
Johannesburg
15 April 2008
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 15/04/2008 08:55:01 Produced by the JSE SENS Department.
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