Wits Gold Announces Uranium at Project

Witwatersrand Consolidated Gold Resources (TSX:WGR,JSE:WGR) announced a revised model for De Bron-Merriespruit project.

As quoted in the press release:

Wits Gold currently holds the rights to uranium over the southern portion of the DBM Project area only. This contains an estimated Indicated Resource (reported above a gold accumulation cut-off of 300cm.g/t) of 21.7Mt at 0.17kg/t U₃O₈ (8.2Mlbs U₃O₈) in addition to an Inferred Resource of 12.5Mt at 0.17 kg/t (4.6Mlbs U₃O₈). The total uranium content has increased by some 31% from the previously reported figures, partly due to the granting of uranium rights over the Floriana area in the east.  The viability of producing uranium as a by-product will be considered in the pre-feasibility study. The rights to uranium over the Merriespruit portion of the DBM Project are under application with the Department of Mineral Resources.

Click here to read the Witwatersrand Consolidated Gold Resources (TSX:WGR) press release.