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Geotechnical Drilling to Locate Shaft Positioning Begins at Wits Gold's DBM Project

Wits Gold (WGR.TO) has started with geotechnical drilling for the shaft positioning at its advanced DBM Project in the southern Free State goldfield.

The primary objective of the initial three borehole diamond drilling program is to obtain information required to locate the site for the planned twin shaft system. This work precedes the appointment of shaft sinking and related infrastructure contractors which is anticipated to take place in early 2013. Development at the DBM Project is expected to commence during the 1st half of 2014.

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

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