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Share Name | Share Symbol | Market | Type |
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Waymar Resources Ltd | TSXV:WYM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
--------------------------------------------------------------------------- Total Hole Northing Easting Elevation Azimuth Dip Depth Number (m) (m) (m) (degrees) (degrees) (m) --------------------------------------------------------------------------- MAP-1 694202 399683 925 120 -45 360.0 --------------------------------------------------------------------------- MAP-2 694084 399880 890 300 -90 330.0 --------------------------------------------------------------------------- MAP-3 694202 399683 925 090 -45 410.0 --------------------------------------------------------------------------- MAP-4 694809 399537 1115 090 -60 311.0 --------------------------------------------------------------------------- MAP-5 696406 399143 1230 270 -45 350.0 --------------------------------------------------------------------------- MAP-6 696406 399143 1230 270 -60 400.0 --------------------------------------------------------------------------- MAP-7 694288 399795 935 090 -45 380.0 --------------------------------------------------------------------------- MAP-8 696083 399454 1175 090 -45 163.4 --------------------------------------------------------------------------- MAP-9 695752 400190 980 150 -45 134.2 --------------------------------------------------------------------------- MAP-10 694084 399880 890 010 -45 346.4 ---------------------------------------------------------------------------
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:
--------------------------------------------------------------------------- Hole From To Interval Au Ag Zn Number (m) (m) (m) (g/t) (g/t) (%) --------------------------------------------------------------------------- MAP-1 178 183 5 1.127 2.08 0.061 ---------------------------------------------------------------- 207 210 3 0.514 0.83 0.008 ---------------------------------------------------------------- 220 225 5 0.440 1.96 0.008 ---------------------------------------------------------------- 286 289 3 0.641 2.10 0.181 ---------------------------------------------------------------- 296 302 6 1.315 2.150 2.352 ---------------------------------------------------------------- 316 323 7 1.744 3.64 0.652 ---------------------------------------------------------------- 333 334 1 4.106 1.30 0.071 --------------------------------------------------------------------------- MAP-2 4 15 11 0.252 6.49 0.026 ---------------------------------------------------------------- 17 31 14 0.045 7.81 0.021 ---------------------------------------------------------------- 101 107 6 1.308 10.70 0.185 ---------------------------------------------------------------- 109.5 116 6.50 0.602 20.35 0.320 ---------------------------------------------------------------- 125 126 1 0.081 0.50 1.220 ---------------------------------------------------------------- 248 252 4 0.278 6.05 0.011 --------------------------------------------------------------------------- MAP-3 240.5 242.5 2 1.058 0.45 0.015 ---------------------------------------------------------------- 337.0 353 16.0 0.580 6.29 0.033 --------------------------------------------------------------------------- MAP-7 30 33 3 1.780 1.39 0.022 ---------------------------------------------------------------- 74 80 6 1.057 2.12 0.013 ---------------------------------------------------------------- 99.65 102 2.35 0.699 1.44 1.153 ---------------------------------------------------------------- 129 133 4 3.366 0.06 0.642 ---------------------------------------------------------------- 173 177 4 0.400 1.93 1.815 ---------------------------------------------------------------- 243.3 261 17.70 0.197 12.89 0.017 ---------------------------------------------------------------- 263 266.8 3.80 0.103 7.12 0.012 --------------------------------------------------------------------------- MAP-10 2.6 19 16.40 0.384 7.86 0.090 ---------------------------------------------------------------- 83.7 87 3.30 1.646 23.85 0.704 ---------------------------------------------------------------- 326 329 3.00 1.216 0.17 0.020 ---------------------------------------------------------------------------
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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