Waymar Announces Assay Results From Ongoing Drill Program on Their Anza Property
02 Aprile 2012 - 2:30PM
Marketwired Canada
Waymar Resources Ltd. ("Waymar" or the "Company") (TSX Venture:WYM) is pleased
to announce the assay results from the continuation of the Phase Two drilling 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 an additional 4 diamond drill holes totalling approximately 1,502
metres. The holes statistics are as follows:
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Hole Northing Easting Elevation Azimuth Dip Total Depth
Number (m) (m) (m) (degrees) (degrees) (m)
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MAP-18 694628 399773 1115 090 -60 154.90
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MAP-19 694767 399837 1161 090 -60 500.09
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MAP-20 694606 399991 1150 240 -60 350.20
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MAP-21 694767 399837 1161 125 -50 496.93
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The initial phase of drilling had indicated that the Aragon Fault was a
potential mineralizing system for the area. The new drilling program targeted
the northern and southern strike extensions of the Aragon Fault to test this
theory, over a strike length of approximately 2,000 metres.
MAP-18 was abandoned before it reached its target depth. The remaining 3 holes
intersected mineralization. Holes MAP-20 and MAP-21 encountered significant
mineralization. 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-19 43.5 49.0 5.5 0.28 5.41 0.08
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50.0 56.0 6.0 0.06 20.17 0.06
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134.0 137.0 3.0 0.07 8.87 0.01
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155.6 158.5 2.9 0.44 2.91 0.04
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200.0 203.2 3.2 0.35 14.54 0.35
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212.5 216.7 4.2 2.01 0.30 0.01
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including 212.5 214.0 1.5 5.24 0.30 0.01
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239.0 246.3 7.3 0.44 0.32 0.01
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251.0 275.0 24.0 0.97 4.19 1.81
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including 257.0 258.0 1.0 3.83 1.90 1.02
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including 258.0 259.3 1.3 2.67 19.50 19.20
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302.5 311.5 9.0 0.22 1.47 1.03
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314.5 317.5 3.0 0.49 0.35 0.02
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324.0 334.5 10.5 0.57 4.94 0.05
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338.0 342.5 4.5 0.52 6.40 0.02
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348.5 351.5 3.0 0.41 2.55 0.12
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376.0 384.5 8.5 0.11 2.01 1.13
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393.5 398.0 4.5 0.09 1.13 2.76
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449.0 455.0 6.0 1.63 4.03 0.18
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including 450.5 452.0 1.5 5.43 3.50 0.33
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MAP-20 132.0 142.3 10.3 0.24 1.52 0.12
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145.0 186.0 41.0 3.85 1.39 1.25
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including 150.5 153.0 2.5 5.26 2.39 3.94
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including 157.5 159.0 1.5 6.89 1.40 4.74
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including 171.33 177.0 5.7 19.84 3.94 1.66
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224.5 240.5 16.0 0.59 1.51 0.03
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including 224.5 226.0 1.5 4.14 1.30 0.13
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262.2 295.7 33.5 0.53 1.73 0.18
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including 288.1 289.5 1.4 2.27 2.20 0.02
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including 294.7 295.7 1.0 3.93 1.40 0.01
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MAP-21 41.0 46.0 5.0 0.28 6.24 0.03
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161.7 171.5 9.9 1.73 19.73 0.69
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including 161.7 168.5 6.8 2.39 27.72 0.85
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190.0 204.5 14.5 1.91 1.77 0.25
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including 196.0 204.5 8.5 3.05 2.12 0.20
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224.0 242.0 18.0 14.14 2.05 2.83
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including 224.0 231.6 7.6 30.78 4.43 6.06
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including 225.0 229.4 4.4 45.62 5.47 10.59
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252.0 259.5 7.5 2.16 2.04 2.88
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including 252.0 253.0 1.0 10.85 1.80 0.67
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285.0 288.0 3.0 0.49 4.10 0.41
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294.0 297.0 3.0 0.45 1.00 1.18
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300.3 314.0 13.7 0.76 1.39 1.22
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including 310.0 311.5 1.5 3.37 5.90 4.48
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322.5 325.5 3.0 0.33 0.53 0.05
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330.0 340.5 10.5 0.99 2.13 0.01
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including 334.5 336.0 1.5 2.52 7.50 0.01
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353.0 356.5 3.5 1.09 1.01 0.30
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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
sample nominal sample weight and analysis by fire assay and gravimetric finish
is undertaken (Au-GRA21).
There appears to be multiple zones of high grade precious metal mineralization
along the Aragon Fault. The consistent anomalous gold and silver intervals
continue along this major fault system. A total of approximately 6,817 metres of
diamond core drilling have been completed in 2011-12 drill program up to hole
MAP-21. Drilling is ongoing.
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 prepared for the company by Micon International Limited. All
core samples were prepared in Medellin, Columbia and assayed in Lima Peru by ALS
Group Laboratories which are ISO 9001:2008 certified laboratories.
"The high grade intercepts of drill holes MAP-19, MAP-20 and MAP-21 are roughly
aligned over 220 m and seem to be part of a continuous zone. This is the kind of
high grade sweetener that we were expecting and hoping to find," said Pablo
Marcet, President.
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.
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. Any potential quantity and
grades are conceptual in nature.
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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