WGR
WGR
WGR - Wits Gold - Wits Gold granted an additional prospecting right in the
southern Free State
Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR
ISIN: ZAE000079703
("Wits Gold" or "the Company")
Wits Gold granted an additional prospecting right in the southern Free State
Wits Gold (JSE: WGR; ADR: WIWTY,PK) wishes to announce that the company has been
granted an additional prospecting right by the Department of Minerals and Energy
for gold, silver and uranium over subdivision 3(Spes Bona) of the farm
Doornrivier 330. This area is situated adjacent to Beatrix Mine in the
Theunissen district, Free State Province and covers an area of 214 hectares.
This prospecting right is valid for a period of five years until 2012 and serves
to consolidate the Wits Gold holdings in the southern Free State. Snowden Mining
Industry Consultants have estimated that the Doornrivier prospecting right
contains an Inferred Resource of 0.9Moz of gold and 1.6Mlbs of U308. The
combined three prospecting rights granted to Wits Gold in the southern Free
State cover 13 067 hectares and contain 44.4Moz of gold and 136.7Mlbs of U308.
Wits Gold has now been granted a total of nine prospecting rights in the
Witwatersrand Basin situated in the southern Free State, Potchestroom and
Klerksdorp Goldfields. These rights cover an area of 91 039 hectares and contain
a total Inferred Resource of 159.7Moz of gold in addition to 136.3Mlbs of U308.
Wits Gold is currently involved in an active drilling programme designed to
improve the definition of these resources.
For further information please contact:
Marc Watchorn
Chief Executive Officer
Tel:+27 11 832-1749
Hethen Hira
Investor Relations
Tel:+27 11 832-1749
Johannesburg
31 January 2007
Date: 31/01/2007 16:25:01 Produced by the JSE SENS Department.
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