EXHIBIT 31.2

                                 CERTIFICATIONS

I, Mark D. Dacko, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Wits Basin Precious
Minerals Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statement made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. Wits Basin Precious Minerals Inc.'s other certifying officer(s) and I are
responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for Wits Basin
Precious Minerals Inc., and have:

     a.   designed such disclosure controls and procedures, or caused such
          disclosure controls and procedures to be designed under our
          supervision, to ensure that material information relating to Wits
          Basin Precious Minerals Inc., including its consolidated subsidiaries,
          is made known to us by others within those entities, particularly
          during the period in which this quarterly report is being prepared;

     b.   evaluated the effectiveness of Wits Basin Precious Minerals Inc.'s
          disclosure controls and procedures and presented in this report our
          conclusions about the effectiveness of the disclosure controls and
          procedures, as of the end of the period covered by this report based
          on such evaluation; and

     c.   disclosed in this report any change in Wits Basin Precious Minerals
          Inc.'s internal control over financial reporting that occurred during
          Wits Basin Precious Minerals Inc.'s most recent fiscal quarter that
          has materially affected, or is reasonably likely to materially affect,
          Wits Basin Precious Minerals Inc.'s internal control over financial
          reporting;

5. Wits Basin Precious Minerals Inc.'s other certifying officer(s) and I have
disclosed, based on our most recent evaluation of internal control over
financial reporting, to Wits Basin Precious Minerals Inc.'s auditors and the
audit committee of Wits Basin Precious Minerals Inc.'s board of directors (or
persons performing the equivalent functions):

     a.   all significant deficiencies and material weaknesses in the design or
          operation of internal control over financial reporting which are
          reasonably likely to adversely affect Wits Basin Precious Minerals
          Inc.'s ability to record, process, summarize and report financial
          information; and

     b.   any fraud, whether or not material, that involves management or other
          employees who have a significant role in Wits Basin Precious Minerals
          Inc.'s internal control over financial reporting.

Date: November 12, 2003

                                          By: /s/ Mark D. Dacko
                                              ----------------------------------
                                              Mark D. Dacko
                                              Chief Financial Officer