Waymar Reports Results From Detailed Soil Sampling Around Anza and Identifies New Exploration Targets
September 05 2012 - 8:00AM
Marketwired Canada
Waymar Resources Ltd. ("Waymar" or the "Company") (TSX VENTURE:WYM) is pleased
to report the results from its Phase 2 detailed soil sampling campaign around
the discovery at Anza.
The survey revealed significant gold anomalous zones beyond the area covered by
the Company's current drilling program. This news release should be read in
conjunction with the map captioned as "Au Contours in Soils - Detailed
Geochemistry Survey (Phases 1 + 2)" available on the Company's website at the
link: http://www.waymarresources.com/projects/maps/, showing the assay values
reported in contour format.
The Jesuitas, Guaimarala and Charrascala anomalies are similar in strength or
better than the area around the Anza deposit drilled so far.
The Jesuitas and Guaimarala anomalies are interpreted as strong indications of
mineralization on strike extensions of the Aragon fault.
Charrascala is a roughly north-south zone parallel to, and 1.5 km west of, the
Anza deposit. Charrascala corresponds to areas where mineralization, including
veins, breccias and an artisanal copper mine hosted by a diorite, have been
identified at surface.
"These are very encouraging results. They reinforce our intention to continue
drilling the extensions of the Anza deposit along the Aragon fault. They also
indicate that within the immediate vicinity of Anza there is good potential for
fresh new discoveries," said Pablo Marcet, President of Waymar.
The Phase 2 sampling consisted of 1,405 soil samples taken every 50 m on lines
oriented east-west and separated by 100 m. The samples were taken from the "C"
soil horizon with the aid of manual Auger drills. This sampling campaign is an
extension of the original orientation survey, which consisted of 789 soil
samples taken with identical spacings and protocols, and which guided the first
drilling on the property in early 2011.
An industry standard Quality Control and Quality Assurance program, which
includes Standard Reference Materials, blanks and duplicates, was established
and followed during the sampling program. Samples were assayed for gold by a 30
gram fire assay with an AAS finish, and 35 element geochemical analyses
completed using an aqua regia digestion with an ICP-AES finish. All soil and
rock samples were prepared in Medellin, Colombia, and assayed in Lima, Peru, by
ALS Group Laboratories which are ISO 9001:2008 certified laboratories.
David Makepeace, M.Eng., P.Eng., senior geologist for Micon International
Limited is the qualified person as defined by National Instrument 43-101. He has
reviewed and verified the technical disclosure contained herein and accepts
responsibility for such disclosure.
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.
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
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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