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WGR
WGR
WGR - Wits Gold - Wits Gold releases assay results from Free State drilling
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 releases assay results from Free State drilling
Wits Gold (JSE: WGR; ADR: WIWTY.PK) is pleased to announce the gold assay
results from sampling of Witwatersrand conglomerate reefs intersected in
borehole DWN 21. This diamond drill hole forms part of the company`s De Bron in-
fill drilling programme that is being conducted immediately south of Harmony
Gold Mine. All of these core intersections were sampled and submitted for gold
and uranium analysis at Anglo Research laboratories. To date only the gold
assays are available and these have produced the following average results from
four intersections of each reef.
Depth (m) Width (cm) Gold (g/t) Gold (cm.g/t)
Beatrix Reef 666.1 178.0 6.30 1121
Kalkoenkrans Reef 667.9 109.4 0.58 63
B Reef 679.9 108.9 1.75 191
Leader Reef 703.8 105.8 4.51 477
The results from the Beatrix Reef substantiate the Company`s geological model
and indicate that this important body of gold mineralisation remains a primary
exploration target since it extends further to the north than widely believed.
Wits Gold is encouraged by the continuity and thickness of the Beatrix Reef as
this has implications for both the De Bron area and the Company`s adjoining
Bloemhoek project to the immediate west. Similarly positive results are
reflected by the Leader Reef, where the conglomerate thickness and gold grades
are consistent with adjacent boreholes in the De Bron project. Lower gold grades
in both the Kalkoenkrans and B Reef are indicative of the channelised nature of
these secondary reefs.
A previous independent assessment of the De Bron project by Snowden Mining
Industry Consultants estimated an Inferred Resource of 22.0Mt at 4.7g/t Au
containing 103.4 tonnes (3.6Moz) of gold. This estimate was based on 14 previous
boreholes, containing 241 reef intersections that had been achieved by Anglo
American, an earlier holder of the De Bron mineral rights. These resources occur
at relatively shallow depths between 550 metres and 1200 metres below surface.
Additional diamond drilling is currently being undertaken in both the De Bron
and Bloemhoek areas.
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
2 February 2007
Date: 02/02/2007 11:04:09 Produced by the JSE SENS Department.
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