| Thu 15 Mar 2012, 15:24 | | WGR - Witwatersrand Consolidated Gold Resources Limited - Appointment of Chief |
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WGR
WGR
WGR - Witwatersrand Consolidated Gold Resources Limited - Appointment of Chief
Operating Officer
Witwatersrand Consolidated Gold Resources Limited
(`Wits Gold` or the `Company`)
Incorporated in the Republic of South Africa
(Registration Number 2002/031365/06)
JSE Share Code: WGR ISIN: ZAE000079703
TSX Share Code: WGR CUSIP Number: S98297104
WITS GOLD: APPOINTMENT OF CHIEF OPERATING OFFICER
Witwatersrand Consolidated Gold Resources or "Wits Gold" (JSE&TSX: WGR; ADR:
WIWTY) is pleased to announce the appointment of Bernard Wessels as chief
operating officer, effective 1 March 2012.
Bernard is a mining engineer with 14 years` experience in the South African
mining industry. He holds a Diploma and Higher Diploma in metalliferous mining,
as well as a B.Tech mining engineering degree from the University of
Johannesburg.
Bernard has held several management appointments in both the gold and platinum
industry. These include appointments as mine manager at Doornkop and St Helena
Mines, and general manager at Masimong Mine and Kalgold open pit operations for
Harmony Gold Mining Company Limited (Harmony). Since May 2009, he has been with
Anooraq Resources at their shallow underground Bokoni Platinum Mine. His
expertise is specifically in narrow reef conventional as well as trackless
mining. Recently, Bernard was involved in the mine planning and development of
the new Brakfontein mine at Bokoni.
Commenting on the appointment of Mr Wessels, the CEO of Wits Gold, Philip Kotze
said, "The appointment of Bernard adds additional mining expertise to the Wits
Gold executive team. His experience of underground mining will be particularly
advantageous as the recently announced Evander acquisition is bedded down, while
his development experience will be invaluable in planning Wits Gold`s flagship
DBM Project in the southern Free State goldfield".
About the Company
Wits Gold holds 14 new order Prospecting Rights over 1 195km2 in the southern
Free State, Potchefstroom and Klerksdorp goldfields. The Company is currently
focused on fast-tracking two advanced projects, DBM and Bloemhoek, located next
to each other in the southern Free State goldfield and adjacent to the Beatrix
mine operated by Gold Fields, and the Joel mine operated by Harmony. On 22
February 2012 Wits Gold announced that the Department of Mineral Resources
accepted the Company`s application for a Mining Right over certain of its
Prospecting Rights in the southern Free State goldfield.
On 30 January 2012, the Company jointly announced, with Pan African Resources,
the acquisition of Evander Gold Mines Limited (Evander)from Harmony. The Evander
operation is located in the Mpumalanga Province of South Africa and is situated
in a sub-basin of the main Wits Basin. In the 3 months ended 31 December 2011
Harmony, in their "Operating and financial results for the second quarter FY12
and six months ended 31 December 2011" published on 6 February 2012, reported to
shareholders that the Evander operations produced 27,039 ounces of gold at a
cash operating cost of $824/oz.
For further information please contact:
Philip Kotze Hethen Hira
Chief Executive Officer Executive: Investor Relations
Tel: +27 11 832 1749 Tel: +27 11 832 1749
www.witsgold.com
Johannesburg
15 March 2012
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 15/03/2012 15:24:01 Produced by the JSE SENS Department.
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