ATLANTA, Sept. 14, 2006 (PRIMEZONE) -- Market-Pulse.com announces its trade alert for Wits Basin Precious Minerals, Inc. (OTCBB:WITM). According to Bernard R. Schmitt of Market Pulse, "The company just had excellent news before Thursday's opening bell announcing that their surface drilling program in Colorado has commenced."
In a press release issued Thursday by WITM, CEO Vance White stated, "After receiving all of the necessary state and local permits, we have confirmed that the surface drill program is now underway. We are extremely excited by the prospect of proving a target that lies beneath the existing shaft and workings."
In the same press release, Dr. Clyde Smith, the head Geologist for Wits Basin made the following statement, "Surface drilling on the Bates-Hunter Gold Project at Central City, Colorado has begun. The target for the first hole is the intersection of the Bates and the Hartford veins at a depth of 1,000 feet below surface. Underground workings in the Bates-Hunter Mine extended to 745 feet and information from that level indicated that an ore shoot of economic grade should continue below that level. Information on the Hartford Vein indicates that it has been productive at intersections with the Bates and other veins in the Central City District. Wits Basin Precious Minerals Inc. has signed a contract for a minimum of 8,000 feet of drilling on this multiple hole project. Drilling results will be reported as received."
About Wits Basin Precious Minerals Inc.
We are a minerals exploration and development company holding interests in five 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) visit our website at www.witsbasin.com.
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