Wits Gold intersects further shallow reefs in the De Bron-Merriespruit South (DBM) project

JOHANNESBURG, April 13 /CNW/ --
Witwatersrand Consolidated Gold Resources Limited


('Wits Gold' or 'the Company')


Incorporated in the Republic of South Africa


(Registration Number 2002/031365/06)


JSE Share Code: WGR ISIN: ZAE000079703


TSX Share Code: WGR CUSIP Number: S98297104

JOHANNESBURG, April 13 /CNW/ - Wits Gold (JSE & TSX : WGR/ ADR: WIWTY)
wishes to announce the completion of  two additional diamond drillholes
on the eastern portion of the De Bron- Merriespruit South (DBM)
project, near Virginia in the Free State goldfield of South Africa. 
Both of these boreholes intersected four superimposed reefs at shallow
depths of less than 750 metres below surface. These boreholes produced
the following results:

Borehole Depth (m) Width (cm) Gold (g/t)    Gold  U(3)O(8)  U(3)O(8)
D10                                      (cm.g/t)    (kg/t) (cm.kg/t)

Beatrix      487.5       66.3       0.42       28     0.019      1.26
Reef 

KK Reef      488.1       57.3       0.67       38     0.027      1.56

B Reef       499.8      102.3       1.89      194     0.032      3.28

Leader       535.5      103.0       2.04      211     0.144     14.80
Reef

                                                                     

Borehole Depth (m) Width (cm) Gold (g/t)    Gold  U(3)O(8)  U(3)O(8)
D11                                      (cm.g/t)    (kg/t) (cm.kg/t)

Beatrix      670.0       73.5       1.95      144     0.037      2.71
Reef

KK Reef      671.6       83.4       1.95      162     0.004      0.29

B Reef       681.0       96.7       0.22       22     0.012      1.17

Leader       721.6      118.3       2.17      256     0.307     36.37
Reef

Commenting on the significance of these results, the Company's CEO Dr
Marc Watchorn said, 'Although the gold grades intersected in these
boreholes were generally low, we are encouraged by the continuity of
reasonably wide zones of shallow gold mineralisation to the east of our
principal DBM project. Furthermore, the presence of elevated uranium
grades in the Leader Reef supports our intention to assess the
potential economic significance that uranium may play in the DBM area.'

In a press release dated 22 February 2011, Wits Gold announced the
completion of revised gold and uranium resource estimates for the DBM
project. These comprised Indicated Gold Resources of 34.5Mt at 5.3g/t
(5.9Moz) and Indicated Uranium Resources of 17.0Mt at 0.16kg/t U(3)O(8) (6.1Mlbs). In addition, there are estimated Inferred Gold Resources of
25.0Mt at 5.2g/t (4.2Moz) and Inferred Uranium Resources of 11.9Mt at
0.14kg/t (3.7Mlbs). These estimates were disclosed in Wits Gold's filed
NI43-101 and Samrec compliant Independent Technical Report dated April
2011, which can be viewed at www.sedar.com. A preliminary economic assessment on financial benefit of exploiting
these Mineral Resources is expected to be completed in April 2011.

Exploration activities by Wits Gold at the DBM project have been
conducted under the supervision of Mr Dirk Muntingh, the Company's
Competent Person and Exploration Manager. Mr Muntingh (M.Sc Geology) is
a registered Pr.Sci.Nat with SACNASP and has 19 years of experience in
gold exploration. Mr Muntingh has reviewed and approved this news
release. Information concerning the geology, mineral occurrences,
nature of mineralisation, rock types, quality assurance and quality
control measures applied, geological controls, sampling data,
analytical testing procedures, names of analytical laboratories used
and the key assumptions, parameters and methods used in connection with
exploration results disclosed herein are communicated in Wits Gold's
filed NI43-101 and Samrec compliant Independent Technical Report dated
April 2011, which can be viewed at www.sedar.com. The samples from boreholes D10 and D11 were analysed using a 50g fire
assay technique at Anglo Research, an ISO9001 accredited laboratory.

Forward Looking Information
Certain statements in this news release may constitute forward-looking
information within the meaning of securities laws. In some cases,
forward looking information can be identified by use of terms such as
'may', 'will', 'should', 'expect', 'believe', 'plan', 'scheduled',
'intend', 'estimate', 'forecast', 'predict', 'potential', 'continue',
'anticipate' or other similar expressions concerning matters that are
not historical facts. Forward-looking information may relate to
management's future outlook and anticipated events or results, and may
include statements or information regarding the future plans or
prospects of the Company. Without limitation, statements about the
timing of a preliminary economic assessment are forward-looking
information.

Forward looking information involves known and unknown risks,
uncertainties and other important factors that could cause the actual
results, performance or achievements of the Company to be materially
different from the future results, performance or achievements
expressed or implied by such forward looking information. Such risks,
uncertainties and other important factors include among others:
economic, business and political conditions in South Africa; decreases
in the market price of gold; hazards associated with underground and
surface gold mining; the ability to attract and retain qualified
personnel; labour disruptions; changes in laws and government
regulations, particularly environmental regulations and mineral rights
legislation including risks relating to the acquisition of the
necessary licences and permits; changes in exchange rates; currency
devaluations and inflation and other macro-economic factors; risk of
changes in capital and operating costs, financing, capitalisation and
liquidity risks, including the risk that the financing required to
fund all currently planned exploration and related activities may not
be available on satisfactory terms, or at all; the ability to maximise
the value of any economic resources. These forward-looking statements
speak only as of the date of this news release.
You should not place undue importance on forward-looking information
and should not rely upon this information as of any other date. The
Company undertakes no obligation to update publicly or release any
revisions to these forward-looking statements to reflect events or
circumstances after the date of this news release or to reflect the
occurrence of unanticipated events except where required by applicable
laws.

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