Wits Basin Updates Gold Assay Results
Monday April 17, 7:17 am ET
Conference Call with Important Developments Scheduled for April 18th, 2006 at 4:15pm ET
MINNEAPOLIS--(BUSINESS WIRE)--April 17, 2006--Wits Basin Precious Minerals Inc. (OTCBB:WITM - News) today releases their 6th consecutive set of assay results. Grades of ore for gold run as high as 1.709 ounces per ton and more than 3 ounces per ton for silver. Vance White, CEO, commented, "This process of releasing assay results every few weeks demonstrates both the presence of gold and the quality of the ore. We are very pleased to report these newest assay results from our Bates-Hunter project. As stated on the last assay press release, this affirmation of continued positive results confirms our belief that the archival historical information is accurate." White continued, "Based on this archival data, the historical assays of the geologist, Williamson, showed an average grade of ore of 1.14 ounces over 64 samples. With this type of information, we believe this current vein may host well over 1 million ounces of gold."
Results as reported by Brian Alers (PGeol) include, "Muck samples of vein material found during the excavation of a refuge chamber on the -163 foot level of the Bates-Hunter Gold Mine in Central City Colorado, contain up to 1.709 ounces of gold per ton and 3.36 ounces of silver per ton. A muck sample of a vuggy sulfide vein, BH 5083, contains 0.945 ounces of gold per ton and 2.63 ounces of silver per ton.
Number Type Location Au (Gold) (1) Ag (Silver) (1)
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BH-5079 Grab 163 W 5 foot Underground 0.002 0.03
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BH-5080 Muck 163 W 5 foot Underground 0.003 0.03
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BH-5081 Muck 163 W 5 foot Underground 0.403 0.82
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BH-5082 Muck 163 W 5 foot Underground 1.709 3.36
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BH-5083 Muck 163 W 5 foot Underground 0.945 2.63
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BH-5084 3.5 ft 163 W, 11 ft Underground 0.135 0.41
channel splr
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(1) Ounce per ton
Conference Call April 18th at 4:15 pm ET:
Interested parties may hear the conference call by telephone. Instructions for hearing the conference call:
To hear the conference call as it takes place: Call 800-434-1335 in the United States or Canada; or
Call 404-920-6442 in the Atlanta Area or Internationally. Use Pin Code: 474248
Exclusive: For Expedited Entry into the Conference, please register at this link for your Direct Access 800 number: http://www.AccuConference.com/WITM
To hear a recording of the call (available for 30 days immediately following the conference call): Call 800-428-6220 in the United States or Canada; Pin Code: Press the star key then 474248.
About Wits Basin Precious Minerals Inc.
We are a minerals exploration and development company holding interests in three exploration projects and currently do not claim to have any mineral reserves on any project. Our 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 - News) visit our website at www.witsbasin.com.
Forward-Looking Statements and Risk Factors
Certain statements contained in this press release are forward-looking in nature and are based on the current beliefs and assumptions of our management. Words like "may," "could," "should," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict," and similar expressions and their variants may be used to identify forward-looking statements. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes.
The exploration for and development of mineral deposits involves significant financial risks, which even experience and knowledge may not eliminate, regardless of the amount of careful evaluation applied to a process. While the discovery of a mineral deposit may result in substantial rewards, few properties are ultimately developed into producing mines. Moreover, we cannot make any estimates regarding probable reserves and mineral resources in connection with any of our projects and any estimates relating to possible reserves are subject to significant risks. Therefore, no assurance can be given that any size of reserves or grades of reserves will be realized. If a discovery is made, the mineral deposit discovered, assuming recoverable, may differ from the reserves and mineral resources already discovered and recovered by others in the same region of the planned areas of exploration.
The cost of exploration and exploitation can be extensive and there is no assurance that we will have the resources necessary or the financing available to pursue projects we currently hold interests in or to acquire interests in other mineral exploration projects that may become available. The risks are numerous and detailed information regarding these risks may be found in filings made by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-KSB, quarterly reports on Form 10-QSB and reports on Form 8-K.
Dara Albright
Managing Director
DivineCapitalMarkets LLC
Institutional Brokerage and Research
770-677-9775 phone (Direct) 309-407-1126 fax (Direct)
New York Office:
39 Broadway 36th Floor New York, NY 10006
212 344 5867 phone 212 509 5867 fax
www.divinecapital.com
Divine Capital Markets LLC is a leading women-owned securities brokerage and investment banking firm. We are recognized for providing institutions, corporations and accredited investors with high quality agency execution, independent research and trading strategies, corporate finance and consulting services, and private wealth management.
This E-mail is the property of Divine Capital Markets LLC. Divine Capital archives and reviews outgoing and incoming e-mail. Such may be produced at the request of regulators. Sender accepts no liability for any errors or omissions arising as a result of transmission. Use by other than intended recipients is prohibited. This is neither an offer nor a solicitation of an offer to buy or sell securities. Opinions or estimates constitute our best judgment at this time and are subject to change without notice.
-----Original Message-----
From: Dara Albright [mailto:dara@divinecapital.com]
Sent: Tuesday, April 11, 2006 1:11 PM
To: 'dara@divinecapital.com'
Subject: Wits Basin Precious Minerals Inc. - Investor Conference Call
Importance: High
Wits Basin (OTCBB: WITM), a minerals exploration and development company whose stock has climbed from $0.10 in October to $0.34 last week, is having an investor conference call on Tuesday April 18th at 4:15pm ET to discuss its progress and recent developments. Below please find the conference call details.
With grades of ore for gold running as high as 1.126 ounces per ton and over 5 ounces per ton for silver, currently trading at $0.31 per share, I believe that this stock is worth a look.
If you would like to discuss this opportunity in detail or receive additional information on Wits Basin, please feel free to contact me at 770-677-9775 or via email at dara@divinecapital.com.
Thanks,
Dara
Wits Basin Precious Minerals Inc. Announces Investor Conference Call, Hosted by Vance White, CEO
Tuesday April 11, 7:11 am ET
MINNEAPOLIS--(BUSINESS WIRE)--April 11, 2006--Wits Basin Precious Minerals Inc. (OTCBB:WITM - News) announces it will host an investor conference call on Tuesday, April 18, 2006, to begin at 4:15 P.M. Eastern Time.
In discussing the conference call, Vance White, CEO of Wits Basin Precious Minerals Inc., stated, "We have a commitment to our shareholders as well as the investment community for high level disclosure and communication, and for that reason we are looking forward to discussing our progress and developments with our shareholders and the investment community."
Interested parties may hear the conference call by telephone. Instructions for hearing the conference call:
To hear the conference call as it takes place:
Call 800-434-1335 in the United States or Canada or;
Call 404-920-6442 in the Atlanta Area or Internationally
Pin Code: 474248
Exclusive:
For Expedited Entry into the Conference, please register at this link for your Direct Access 800 number: http://www.AccuConference.com/WITM
To hear a recording of the call (available for 30 days immediately following the conference call): Call 800-428-6220 in the United States or Canada; Pin Code: Press the star key then 474248.
About Wits Basin Precious Minerals Inc.
We are a minerals exploration and development company holding interests in three exploration projects and currently do not claim to have any mineral reserves on any project. Our 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 - News) visit our website at www.witsbasin.com.
Risk Factors
The cost of exploration and exploitation can be extensive and there is no assurance that we will have the resources necessary or the financing available to pursue projects we currently hold interests in or to acquire interests in other mineral exploration projects that may become available. The risks are numerous and detailed information regarding these risks may be found in filings made by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-KSB, quarterly reports on Form 10-QSB and reports on Form 8-K.
Dara Albright
Managing Director
DivineCapitalMarkets LLC
Institutional Brokerage and Research
770-677-9775 phone (Direct) 309-407-1126 fax (Direct)
New York Office:
39 Broadway 36th Floor New York, NY 10006
212 344 5867 phone 212 509 5867 fax
www.divinecapital.com
Divine Capital Markets LLC is a leading women-owned securities brokerage and investment banking firm. We are recognized for providing institutions, corporations and accredited investors with high quality agency execution, independent research and trading strategies, corporate finance and consulting services, and private wealth management.
This E-mail is the property of Divine Capital Markets LLC. Divine Capital archives and reviews outgoing and incoming e-mail. Such may be produced at the request of regulators. Sender accepts no liability for any errors or omissions arising as a result of transmission. Use by other than intended recipients is prohibited. This is neither an offer nor a solicitation of an offer to buy or sell securities. Opinions or estimates constitute our best judgment at this time and are subject to change without notice.
