Press release from Marketwire
Waymar Continues to Intersect High Grade Gold at Anza
Tuesday, June 19, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2012) - 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 Anzá property, Antioquia Department in the Republic of Colombia. Minera Anzá S.A. Sucursal Colombia ("Minera Anzá 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:
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 Aragón 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.
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, Perú 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 Anzá 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 Anzá 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 Anzá 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 Anzá 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 Anzá 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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