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Wits Basin Announces Progress of Strategic Plans for Colorado Gold Property.

Publication: Mining & Minerals Business
Publication Date: 31-JUL-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Wits Basin Precious Minerals Inc. (OTCBB:WITM) is pleased to provide the following update regarding the Bates Hunter Mine, a gold mine the Company owns in Central City, Colorado.

In February 2008, the Company communicated plans to consider a gold strategy. Further to that announcement, we have created a Colorado gold division named Standard Gold of which Wits Basin will be the majority shareholder.

At the Bates Hunter Mine, we have begun calculations on blocking,...

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