Business Summary
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Witwatersrand Consolidated Gold Resources Limited is engaged in the gold and uranium exploration. The Company is primarily involved in exploration within South Africa. The Company is an active mineral exploration company with gold and uranium prospects in the Witwatersrand Basin. Wits Gold carries on the business of acquiring, preserving, evaluating, trading, and developing prospecting rights for exploration and investment purposes. Wits Gold has two projects, which include Bloemhoek and De Bron projects. The Company has prospecting rights in the Potchefstroom and Klerksdorp Goldfields, Southern Free State Goldfield, and Witwatersrand Basin, South Africa. During the fiscal year ended February 28, 2010 (fiscal 2010), the Company was granted 14 new order prospecting rights covering 1 195 kilometers, which is located adjacent to Witwatersrand Basin.
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