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COPYRIGHT 2005 Business Wire
MINNEAPOLIS -- Wits Basin Precious Minerals Inc. (OTCBB:WITM) is pleased to announce that the fire assay and multi-element geochemical results from the registered assay lab of Actlabs, Tucson Arizona, on 17 grab, channel and muck rock chip samples taken from accessible portions of the 112-foot level of the Bates-Hunter Gold Mine, Central City, Colorado, have been received.
In his report to the Company, consulting geologist Brian Alers reports, "The following assumptions are based on only 17 samples from one level of the Bates-Hunter mine and should be considered preliminary.
The highest fire assay from our sampling, BH-5004 was 1.03 ounce per ton gold and 3.6 ounce per ton silver from a grab sample of a 1-2 inch wide quartz-pyrite vein along the foot-wall of the Bates Vein.
The fire assay results confirm historic grade gold assay values and suggests that the value of intact vein material adjacent...
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