Wits Gold Completes Geotechnical Drilling at DBM Project

By Midnight Trader,  December 13, 2012, 09:34:50 AM EDT

Wits Gold (WGR.TO) has successfully completed an initial three borehole geotechnical drilling program for the positioning of shafts at its advanced DBM Project in the southern Free State goldfield. Drilling commenced during October 2012 and was completed on time and budget, with a total of 1918 meters of diamond core drilled at a cost of R2.4 million.

This drilling program, as part of the DBM final Feasibility Study, aimed to obtain geotechnical data with respect to underground conditions through which the shafts would traverse, as well as to detect possible hazardous flammable gas and water occurrences.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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