Waymar Announces Assay Results From the Initial Drill Program on Anza Property
September 27 2011 - 8:59AM
Marketwired
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.
Shares Outstanding: 45,945,170
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Waymar Resources Ltd. Investor Relations
1-778-373-0100 1-604-639-4670 (FAX) info@waymarresources.com
www.waymarresources.com
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