Thursday, February 28, 2008 – Witwatersrand Consolidated Gold Resources Limited Opens the Market.
Dr. Marc Watchorn, CEO, Witwatersrand Consolidated Gold Resources Limited opened the market today. Wits Gold is a South African gold and uranium exploration company with one of the largest gold and uranium resources available to a single company. The company is on the JSE Limited under the symbol WGR and also has a level 1 American Depository Receipt (ADR) programme backed by the Bank of New York. Wits Gold trades on the TSX under the stock symbol WGR
AT A GLANCE
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Thirteen prospecting rights covering 1025 km2 adjacent to active mine areas in the world’s premier gold province, the Witwatersrand Basin in South Africa
- Indicated resource of 19.4 Moz of gold in the Southern Free State Goldfield (Canadian National Instrument 43-101 compliant)
- Inferred resource of 130.4 Moz of gold in the Southern Free State, Potchefstroom and Klerksdorp Goldfields (Canadian National Instrument 43-101 compliant)
- Focused exploration on the Bloemhoek-De Bron project containing an indicated resource of 14.0 Moz of gold and an inferred resource of 5.4 Moz – this ranks as one of the top ten undeveloped gold resources in the world
- Drilling has commenced on the Kleinfontein Project in the Potchefstroom Goldfield
- Cash resources of R144 million (US$ 18.0m) as at 30 April 2008
- 32% broad based Black ownership, 26% secured until 2014
- Contractual ties to AngloGold Ashanti, Gold Fields and Harmony
- Upside uranium potential (Canadian National Instrument 43-101 compliant inferred resource of 54.3 Mlb U3O8) in the Southern Free State Goldfield. Applications are being processed over the Potchefstroom and Klerksdorp Goldfields.
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