Waymar Intersects 40.5 Meters Grading 14.1 g/t Gold at Anza
August 13 2012 - 7:00AM
Marketwired Canada
Waymar Resources Ltd. ("Waymar" or the "Company") (TSX VENTURE:WYM) is pleased
to report significant results from four additional diamond drill holes on its
Anza property, Antioquia Department in the Republic of Colombia. These holes are
part of an overall drilling program designed to identify and expand the high
grade gold mineralization along the Aragon Fault.
"The high grade gold zone intersected in drill-hole MAP-38 returned our highest
grades so far and confirms the continuity of the mineralization intersected in
drill-hole MAP-21," commented Pablo Marcet, President and CEO of Waymar. "We are
extremely pleased with the progress of our drilling program. We continue to
expand our high grade zones and the size of the overall deposit."
Mineralization at Anza, as proven by drilling results, extends at least 2,100
metres along the Aragon Fault structure. The deposit remains open to the north
and south, as well as down-dip. Other targets in the area, as defined by
geological mapping, surface geochemistry and geophysics, remain untested by
drilling.
Since the Company's last news release of drilling results on July 9th, 2012, an
extra 1,535 metres have been drilled and assayed on the Anza deposit, for a
total of 12,800 metres since the start of the drill program in April 2011. The
drilling continues on the property.
A summary of significant results in these drill holes is listed in the following
table:
----------------------------------------------------------------------------
Hole Number From To Interval Au Ag Zn
(m) (m) (m) (g/t) (g/t) (%)
----------------------------------------------------------------------------
MAP-35 74.5 76.3 1.8 1.99 2.30 0.07
-----------------------------------------------------------------
85.4 91.5 6.1 0.38 0.66 0.13
-----------------------------------------------------------------
109.0 112.0 3.0 0.61 2.67 0.46
-----------------------------------------------------------------
121.4 127.5 6.1 0.37 3.34 4.44
-----------------------------------------------------------------
133.5 138.1 4.6 1.52 1.27 2.05
-----------------------------------------------------------------
165.0 169.3 4.3 1.28 0.53 0.18
-----------------------------------------------------------------
219.5 223.0 3.5 0.41 9.63 0.11
-----------------------------------------------------------------
233.0 242.0 9.0 0.42 0.53 0.34
-----------------------------------------------------------------
244.7 254.5 9.8 0.09 2.51 1.73
-----------------------------------------------------------------
254.5 270.0 15.5 0.85 1.00 0.94
-----------------------------------------------------------------
274.5 282.0 7.5 2.36 1.10 0.50
----------------------------------------------------------------------------
MAP-36 127.0 137.0 10.0 0.87 1.63 1.71
-----------------------------------------------------------------
140.0 151.9 11.9 0.68 3.32 0.34
-----------------------------------------------------------------
155.2 169.5 14.3 0.55 4.57 0.56
-----------------------------------------------------------------
198.6 227.5 28.9 3.88 1.68 0.43
-----------------------------------------------------------------
including 205.5 217.5 12.0 8.83 2.65 0.59
-----------------------------------------------------------------
236.3 261.0 24.8 1.88 0.84 0.30
-----------------------------------------------------------------
including 250.5 255.0 4.5 5.48 1.48 0.67
----------------------------------------------------------------------------
MAP-37 77.0 80.8 3.8 0.29 18.00 0.92
-----------------------------------------------------------------
156.0 158.8 2.8 0.00 40.70 0.03
-----------------------------------------------------------------
163.0 164.5 1.5 0.06 8.50 0.03
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MAP-38 39.7 54.9 15.2 0.29 21.68 0.05
-----------------------------------------------------------------
including 44.4 50.5 6.1 0.50 30.83 0.05
-----------------------------------------------------------------
84.0 96.9 12.9 1.24 7.37 0.03
-----------------------------------------------------------------
123.4 130.1 6.8 2.93 2.50 1.71
-----------------------------------------------------------------
including 123.4 124.5 1.1 15.40 3.60 1.94
-----------------------------------------------------------------
172.0 212.5 40.5 14.09 3.82 1.95
-----------------------------------------------------------------
including 179.5 186.0 6.5 70.99 6.34 0.12
-----------------------------------------------------------------
including 184.6 186.0 1.4 176.00 15.20 0.39
-----------------------------------------------------------------
including 202.0 205.4 3.4 20.89 9.71 4.75
-----------------------------------------------------------------
216.5 219.1 2.6 2.92 3.98 1.95
-----------------------------------------------------------------
243.0 250.8 7.8 0.59 2.66 2.50
-----------------------------------------------------------------
259.0 265.0 6.0 0.36 2.70 0.22
----------------------------------------------------------------------------
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 diamond drill holes statistics are as follows:
----------------------------------------------------------------------------
Hole
Number Northing Easting Elevation Azimuth Dip Total Depth
(m) (m) (m) (degrees) (degrees) (m)
----------------------------------------------------------------------------
MAP-35 694,684 399,982 1108 285 -75 384.3
----------------------------------------------------------------------------
MAP-36 694,685 399,983 1108 305 -70 373.6
----------------------------------------------------------------------------
MAP-37 693,587 399,739 1026 285 -60 310.7
----------------------------------------------------------------------------
MAP-38 694,712 399,916 1106 125 -75 466.7
----------------------------------------------------------------------------
Drill hole location maps can be found on the Waymar website at the following
link: http://www.waymarresources.com/projects/maps/
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.
An industry standard Quality Control and Quality Assurance program, which
includes Standard Reference Materials, blanks and duplicated 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 indicates that the assay results from the
drill program are within industry standards.
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.
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.
Shares Outstanding: 46,945,170
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