Waymar Continues to Intersect High Grade Gold at Anza
19 Junio 2012 - 7:00AM
Marketwired Canada
Waymar Resources Ltd. ("Waymar" or the "Company") (TSX VENTURE:WYM) is pleased
to announce the assay results from the continuation of the drilling program at
its Anza property, Antioquia Department in the Republic of Colombia. Minera Anza
S.A. Sucursal Colombia ("Minera Anza SA"), the Company's Colombian subsidiary,
has completed assay results for an additional 8 diamond drill holes totalling
2,923 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-22 694606 399991 1150 305 -55 377.31
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MAP-23 694284 399781 995 075 -60 401.81
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MAP-24 694449 399804 1061 060 -60 385.81
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MAP-25 694286 399772 968 105 -70 452.90
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MAP-26 694929 400148 1050 285 -60 408.67
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MAP-27 694284 399781 968 290 -60 266.88
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MAP-28 694843 400077 1082 285 -60 396.50
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MAP-29 694091 399765 952 115 -50 233.31
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Drill hole location maps can be found on the Waymar website at the following
link: http://www.waymarresources.com/projects/maps/.
The drilling along the Aragon Fault has continued to intersect significant gold
intervals. The drill program continues to target the northern and southern
strike extension of the fault. The higher grade gold results in MAP-24 can be
interpreted as part of the same zone identified in holes MAP-11 and MAP-20,
while the intersections reported in holes MAP-28 and MAP-29 appear to be new and
distinct. The high grade gold zone previously reported in hole MAP-21 has had
further drilling but assays are pending.
The assay results of the major intersections for each hole are listed in the
following table.
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Hole From To Interval Au Ag Zn
Number (m) (m) (m) (g/t) (g/t) (%)
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MAP-22 92.3 95.7 3.4 2.62 7.1 0.22
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131.7 135.5 3.8 1.64 1.0 0.71
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242.5 247.0 4.5 0.49 6.4 0.33
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251.5 264.5 13.0 2.06 2.5 0.30
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MAP-23 58.0 64.1 6.1 0.82 0.8 1.04
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99.7 106.0 6.3 0.44 0.5 0.01
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137.7 146.5 8.9 0.39 0.8 0.35
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152.5 158.0 5.5 0.47 4.2 0.05
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243.0 270.2 27.2 0.51 2.8 0.02
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MAP-24 33.0 37.5 4.5 0.40 1.3 0.04
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57.0 67.0 10.0 0.35 0.2 0.01
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146.0 151.0 5.0 6.13 0.8 0.70
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including 149.4 151.0 1.6 18.05 2.3 1.99
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153.0 164.0 11.0 2.22 0.7 0.31
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167.0 180.0 13.0 0.65 2.0 1.99
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MAP-25 10.7 14.0 3.3 0.62 1.7 0.03
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35.5 41.2 5.7 0.54 0.7 0.22
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63.0 83.2 20.2 0.34 0.9 0.38
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165.0 169.5 4.5 0.37 2.4 0.04
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MAP-26 99.8 105.2 5.4 0.69 1.4 0.02
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130.0 139.0 9.0 0.54 3.6 3.58
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154.8 166.0 11.2 0.78 0.6 0.25
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284.7 287.5 2.8 1.33 0.6 0.03
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365.4 368.5 3.1 0.71 1.4 0.07
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379.3 382.0 2.8 0.81 3.5 0.27
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MAP-27 9.5 12.2 2.7 0.22 2.4 0.09
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MAP-28 126.5 134.9 8.4 0.44 1.9 0.10
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194.0 213.0 19.0 0.77 1.7 0.84
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220.5 225.3 4.8 9.23 3.6 0.87
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236.5 248.5 12.0 1.03 0.7 0.21
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261.5 265.5 4.0 0.48 1.6 0.71
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268.5 271.5 3.0 0.56 0.5 0.06
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MAP-29 108.0 118.5 10.5 0.47 0.9 0.05
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129.0 133.0 4.0 1.09 11.2 0.12
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142.1 169.5 27.4 1.47 6.1 0.14
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including 166.7 168.0 1.3 14.25 1.9 0.07
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183.0 194.9 11.9 10.57 2.4 1.61
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including 185.0 187.0 2.0 40.25 4.85 4.64
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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.
The analytical procedure for silver and zinc use an aqua regia digestion with an
Atomic Absorption Spectroscopy (AAS) finish (Ag-AA46 and Zn-AA46). The
analytical procedure for gold is a 30 gram nominal sample weight and analysis by
fire assay and AAS (Au-AA23). If the assay result is over 10 g/t, then a 30 g
nominal sample weight and analysis by fire assay and gravimetric finish is
undertaken (Au-GRA21). All core samples were prepared in Medellin, Colombia and
assayed in Lima, Peru by ALS Group Laboratories which are ISO 9001:2008
certified laboratories.
Four zones of high grade gold have been identified so far, amid thick sections
of significant lower grade mineralization. A total of approximately 9,740 metres
of diamond core drilling assays have been completed in the 2011-12 drill program
up to hole MAP-29. The current drill program is ongoing.
An industry standard Quality Control and Quality Assurance program, which
includes Standard Reference Materials, blanks and duplicates, is established and
is followed during the drill program. A complete QA/QC statistical analysis is
presently being undertaken for the Company by Micon International Limited.
Analysis of the QA/QC results so far have indicated that the assay results from
the drill program are within industry standards.
"The high grades encountered in hole MAP-29 have renewed our expectations on the
potential near the existing operating gypsum mine. This is an exciting time for
us where almost every drill hole is adding volume and grade to the Anza
discovery," said Pablo Marcet, President and CEO.
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.
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 and verified the technical disclosure
contained herein and accepts responsibility for such disclosure.
About Waymar Resources Ltd.
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. Upon exercise of the option,
the optionors will retain a 2% net smelter return royalty on that portion of the
Anza property governed by the Option Agreement, one-half of which may be
purchased by Waymar for a cash payment of US$1,000,000. 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. 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 RESOURCES LTD.
Pablo Marcet, President & CEO
Forward-Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of the
Company, including, but not limited to the availability of applicable regulatory
approvals. Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements.
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