Waymar Announces Assay Results From the Initial Drill Program on Anza Property
27 Septiembre 2011 - 7:59AM
Marketwired Canada
Waymar Resources Ltd. (TSX VENTURE:WYM) ("Waymar" or the "Company") is pleased
to announce the assay results from the initial phase of drilling at its Anza
property, Antioquia Department, Colombia. Minera Anza S.A. Sucursal Colombia
("Minera Anza SA"), the Company's Colombian subsidiary, has completed the first
10 diamond drill holes totalling 3,185 metres. The holes' statistics are as
follows:
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Total
Hole Northing Easting Elevation Azimuth Dip Depth
Number (m) (m) (m) (degrees) (degrees) (m)
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MAP-1 694202 399683 925 120 -45 360.0
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MAP-2 694084 399880 890 300 -90 330.0
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MAP-3 694202 399683 925 090 -45 410.0
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MAP-4 694809 399537 1115 090 -60 311.0
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MAP-5 696406 399143 1230 270 -45 350.0
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MAP-6 696406 399143 1230 270 -60 400.0
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MAP-7 694288 399795 935 090 -45 380.0
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MAP-8 696083 399454 1175 090 -45 163.4
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MAP-9 695752 400190 980 150 -45 134.2
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MAP-10 694084 399880 890 010 -45 346.4
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Five of the holes (MAP-1, 2, 3, 7 and 10) targeted potential zinc-rich volcanic
massive sulphide mineralization associated with the Aragon Fault, in the
vicinity of the La Pastorera Mine. The assay results, however, have identified
numerous gold and silver anomalous zones. The majority of these gold-silver
zones appear to be independent of zinc-rich intervals. Significant near-surface
precious metal mineralized zones were identified in holes MAP-2, 7 and 10. The
most significant intervals of these five holes are listed below:
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Hole From To Interval Au Ag Zn
Number (m) (m) (m) (g/t) (g/t) (%)
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MAP-1 178 183 5 1.127 2.08 0.061
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207 210 3 0.514 0.83 0.008
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220 225 5 0.440 1.96 0.008
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286 289 3 0.641 2.10 0.181
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296 302 6 1.315 2.150 2.352
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316 323 7 1.744 3.64 0.652
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333 334 1 4.106 1.30 0.071
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MAP-2 4 15 11 0.252 6.49 0.026
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17 31 14 0.045 7.81 0.021
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101 107 6 1.308 10.70 0.185
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109.5 116 6.50 0.602 20.35 0.320
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125 126 1 0.081 0.50 1.220
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248 252 4 0.278 6.05 0.011
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MAP-3 240.5 242.5 2 1.058 0.45 0.015
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337.0 353 16.0 0.580 6.29 0.033
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MAP-7 30 33 3 1.780 1.39 0.022
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74 80 6 1.057 2.12 0.013
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99.65 102 2.35 0.699 1.44 1.153
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129 133 4 3.366 0.06 0.642
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173 177 4 0.400 1.93 1.815
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243.3 261 17.70 0.197 12.89 0.017
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263 266.8 3.80 0.103 7.12 0.012
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MAP-10 2.6 19 16.40 0.384 7.86 0.090
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83.7 87 3.30 1.646 23.85 0.704
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326 329 3.00 1.216 0.17 0.020
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The intervals in the above table refer to the actual core length and may not
represent the true width of the mineralization due to the limited geological
knowledge of the deposit at this time.
From the limited drilling so far there appears to be possibly three broad zones
of precious metal mineralization. The anomalous gold and silver intervals are
very encouraging and have resulted in re-logging core and the sampling of
additional core intervals.
The other five holes targeted geophysical and/or geochemical anomalies within
the property. Holes MAP-4, 5 and 6 did not encounter significant mineralization,
while holes MAP-8 and 9 did not reach the targeted depths due to poor ground
conditions and will be re-drilled.
An industry standard Quality Control and Quality Assurance program, which
included Standard Reference Materials and blanks, was established and followed
during the drill program. During the original drill program, very limited
duplicate samples were taken and assayed. However, second samples are now being
assayed. Duplicate samples will be added to all future drill programs. A
complete QA/QC statistical analysis is presently being prepared for the Company
by Micon International Limited. All core samples were prepared and assayed by
ISO 9001 certified laboratories.
A further 2,500 metres of diamond drilling is on-going and is focused on the
Aragon Fault along strike of the La Pastorera Mine. The results of the ground
geophysical surveys are being re-interpreted with the results of the initial
drill program. A regional stream sediment geochemical survey is nearing
completion.
"All five holes drilled in the vicinity of the Aragon fault have intersected
broad zones of significant metal content, especially gold. Our current drilling
is testing the continuity of these zones, some of which are very shallow and
open in all directions," said Pablo Marcet, President.
Waymar Resources Ltd. is a Canadian mineral exploration company with an option
to acquire 100% interest in the Anza project located in the west of the
Antioquia Department in the Republic of Colombia. Colombia is a significant
producer of gold, nickel, emeralds, petroleum and natural gas, as well as a
leading producer of coal in Latin America. Waymar also has 100% ownership of
certain properties surrounding Anza that cover the district's mineral potential
and is continually seeking opportunities to acquire exploration properties. Any
potential quantity and grades are conceptual in nature. There has been
insufficient exploration to define a mineral resource at the Anza property to
date, and it is uncertain if further exploration will result in targets being
delineated as a mineral resource.
David Makepeace, M.Eng., P.Eng., senior geologist for Micon International
Limited, is the qualified person for this drill program, as defined by National
Instrument 43-101. He has reviewed the technical disclosure contained herein and
accepts responsibility for such disclosure.
WAYMAR RESOURCES LTD.
Pablo Marcet, President & CEO
This press release may contain "forward looking statements" and "forward-looking
information" within the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", "estimates", "intends",
"anticipates" or "believes" or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might", or
"will be taken", "occur", or "be achieved". Forward-looking information is based
on the reasonable assumptions, estimates, intentions, analysis and opinions of
Waymar made at the date that such statements are made. Forward-looking
information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of Waymar to be materially different from those expressed or
implied by such forward-looking information, including the risk factors
disclosed elsewhere in Waymar's public disclosure. Accordingly, readers should
not place undue reliance on forward-looking information. The forward-looking
information contained herein is presented for the purposes of assisting
investors in understanding Waymar's plans and objectives and may not be
appropriate for other purposes. Waymar does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.
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