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Product Description
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Wits Basin Precious Minerals Inc. is a junior mining exploration and development company with
its head office in Minneapolis, MN and is listed on the OTCBB under the symbol WITM.
The Company's main holding is the right to earn a 50% interest in the FSC Project in South Africa
from a subsidiary of AfriOre Ltd. The FSC Project covers an approximately 1,090 km2 area that
has the potential for hosting Witwatersrand-type gold mineralization. A 28,000 km airborne
geophysical survey has been completed and has been interpreted in order to identify targets for
the drilling program. The historic Witwatersrand basin is host to the world's largest reserves of gold. It has produced over 1.5 billion ounces of gold during the past 117 years and has an estimated one billion ounces of gold in resources and reserves remaining.
The company recently acquired the option to acquire the Bates-Hunter Goldmine in Central City,
Colorado. The Bates vein was the second lode discovery in Colorado and helped spark the great Colorado gold rush in the mid 1800’s. Nine principal veins underlie and are controlled by the Bates-Hunter property. These veins have historically produced approximately 750,000 ounces of gold to about 600 foot average depth below surface or in excess of 1000 ounces per vertical foot.
The company received the 50% rights to oxidized surface deposits of the Holdsworth Projects as
part of an agreement between Hawk Precious Minerals Inc. and Wits Basin. The Holdsworth
property consists of 19 single unit claims totaling approximately (308 ha).
F 888.329.6696