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WGR
WGR
WGR - Witwatersrand Consolidated Gold Resources Limited - Wits Gold to commence
seismic survey
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 TO COMMENCE SEISMIC SURVEY
Witwatersrand Consolidated Gold Resources Ltd. ("Wits Gold" or the "Company")
(TSX:WGR; JSE:WGR; OTC:WIWTY) today announced that a contract has been signed
with GAP Geophysics to undertake a 2D seismic reflection survey over its
Deelkraal South prospecting rights located near Carletonville.
The Kusasalethu Gold Mine (formerly Elandskraal) belonging to Harmony, is
situated immediately north of Deelkraal South where the Elsburg and Ventersdorp
Contact Reef (VCR) are currently being mined.
Wits Gold CEO, Marc Watchorn, commented: "We are excited about the potential of
Deelkraal South in view of previous exploration drilling by Gold Fields. This
resulted in the sinking of a shaft on the property to access the lower sections
of the VCR. Sinking operations to a planned depth of 1900 metres started in May
1988, but were stopped in December 1990 at a depth of 1326 metres due to adverse
market conditions".
The seismic coverage at Deelkraal South will comprise 33 line km and will extend
from the southernmost VCR workings at Kusasalethu to the southern boundary of
Wits Gold`s prospecting rights. Marc Watchorn added: "The aim is to determine
the depth and structure of the VCR within the Deelkraal South project area to
assist with the design of a diamond drilling programme".
In November 2007, an NI 43-101 compliant resource for Deelkraal South was
estimated by independent Qualified Persons, George Gilchrist and Shaun Hackett
of Snowden Mining Industry Consultants. The report entitled, "Witwatersrand
Consolidated Gold Resources Limited: Mineral properties in the Southern Free
State, Potchefstroom and Klerksdorp Goldfields, South Africa" estimated an
Inferred Resource at Deelkraal South of 20.5 Mt at 14.6 g/t Au (9.6 Moz).
It is anticipated that the acquisition of seismic data will commence during the
week of 21 June 2010.
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, 23 June 2010
Date: 23/06/2010 15:00:01 Produced by the JSE SENS Department.
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