Wits Basin Receives NI 43-101 Compliant Technical Report on Bates-Hunter Mine Projectadmin
Wits Basin Precious Minerals Inc. has received a National Instrument 43-101 compliant technical report on the Bates-Hunter Mine in Central City, Colorado. To see the July 15, 2008 report in full, click here for a link to the Company’s web site.
About the Bates-Hunter Mine
The Bates-Hunter Mine is located in Central City, Colorado, approximately 35 miles west of Denver. The Bates Vein was the second lode discovered in Colorado and helped spark the great Colorado gold rush of the mid-1800s. Famous for production from high-grade gold ore shoots, it has been estimated that more than 4,000,000 ounces of gold were produced in the Central City Mining District between 1859 and 1947. During the early 1930′s, the mine was still in production but was shut down due to litigation between the mine owner and operator. The principal veins that underlie and are controlled by the Bates-Hunter property have historically produced approximately 750,000 ounces of gold. A 1930’s report from the 745-foot level included an average of 27 samples that assayed 1.37 ounces per ton gold.
About Wits Basin Precious Minerals Inc.
Wits Basin is a minerals exploration and development company holding interests in three exploration projects and currently does not claim to have any mineral reserves on any project. Its common stock trades on the Over-the-Counter Bulletin Board under the symbol “WITM.” To find out more about Wits Basin Precious Minerals Inc. (OTCBB:WITM) visit our website at www.witsbasin.com.
Wits Basin Precious Minerals Inc. Chairman H. Vance White, 866-214-9486 CEO Stephen King, 612-490-3419 or Lighthouse Communications, 866-739-0390
Source: Wits Basin Precious Minerals Inc.