Wits Basin PR
Wits Basin Announces Acquisition of First 25 Percent of Vianey Silver-Lead-Zinc Mine
Tuesday December 19, 7:19 am ET
MINNEAPOLIS, Dec. 19, 2006 (PRIME NEWSWIRE) -- Wits Basin Precious Minerals Inc. (OTC BB:WITM.OB - News) is pleased to announce it has paid for and earned the ownership of the first 25% of the Joint Venture with Journey Resources in the Vianey Silver-Lead-Zinc Mine. Wits Basin retains the right to earn an additional 25% through September 30, 2007. Wits Basin intends to exercise that right on an accelerated basis.
Vance White, Chairman states: ``Jack Bal and his team have done a great job delivering this excellent opportunity to the market and have created tremendous value for both companies' shareholders. We look forward to a bright and prosperous future working on this property with Journey.''
