Click here to close now.




















Welcome!

Microsoft Cloud Authors: Eric Aarrestad, Greg O'Connor, Liz McMillan, Aleksei Gavrilenko, Elizabeth White

News Feed Item

Waymar Intersects 17.5 m of 5.2 g/t Gold, 38.1 m of 2.3 g/t Gold, 10.2 m of 4.9 g/t Gold and Multiple Zones of High Grade Gold and Zinc at Anza

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/26/12 -- Waymar Resources Ltd. ("Waymar" or the "Company") (TSX VENTURE:WYM) is pleased to report significant results from five additional diamond drill holes on its Anza deposit, Antioquia Department, Colombia. These holes are part of an overall drilling program that continues to expand the Anza deposit along the Aragon fault and to identify and delineate high grade gold, silver and zinc mineralization.

Highlights

Drill hole MAP-51 confirmed the continuity of the high grade gold zone identified in drill holes MAP-21 and MAP-38. It also intersected a new high grade gold zone near the end of the hole. These gold intercepts also contain significant zinc grades, as follows:


--  17.5 m of 5.2 g/t Au and 1.5% Zn, including 7.0 m of 12.4 g/t Au and
    3.6% Zn. 
--  38.1 m of 2.3 g/t Au and 3.9% Zn, including 6.0 m of 8.4 g/t Au and 5.3%
    Zn.

Drill hole MAP-53 tested the zone between drill holes MAP-28 and MAP-43. It intersected very significant and near-continuous mineralized widths, including two zones of high grade gold. Significant intercepts include:


--  9.0 m of 3.2 g/t Au, including 3.0 m of 7.1 g/t Au. 
--  10.2 m of 4.9 g/t Au, including 3.0 m of 12.5 g/t Au. 
--  11.0 m of 2.1 g/t Au. 
--  16.5 m of 2.4 g/t Au. 

Drill holes MAP-49 and MAP-50 tested the zone of high grade gold previously identified in holes MAP-24, MAP-11, MAP-42, MAP-20, MAP-33 and MAP-48. Significant intercepts include:


--  1.0 m of 6.8 g/t Au (MAP-49). 
--  17.8 m of 1.1 g/t Au (MAP-49). 
--  1.5 m of 10.1 g/t Au (MAP-50).

Drill hole MAP-52 was lost due to technical difficulties before reaching its target depth and a predicted high grade gold zone but intersected significant zinc mineralization, as follows:


--  75.9 m of 1.5% Zn, including 8.2 m of 4.8% Zn at the end of the hole.

"Our drilling continues to expand the high grade gold zones and to identify new ones", commented Pablo Marcet, President of Waymar. "This batch of five drill holes intersected seven zones grading better than 5 g/t gold, as well as significant widths of continuous gold and zinc mineralization."

Details

Mineralization at Anza, as shown by drilling results, extends at least 2,500 metres along the Aragon Fault. The deposit remains open to the north and south, as well as down-dip. Other targets in the area, including those recently identified by soil geochemistry in the immediate vicinity of the deposit and others identified through airborne geophysics, are being prepared for drilling.

A summary of significant results in these drill holes is listed in the following table:


----------------------------------------------------------------------------
                      From        To  Interval        Au        Ag        Zn
Hole Number            (m)       (m)       (m)     (g/t)     (g/t)       (%)
----------------------------------------------------------------------------
MAP-49                41.3      48.8       7.5      0.31      3.12      0.07
                ------------------------------------------------------------
                      48.8     120.6      71.8      0.21      0.72      1.00
                ------------------------------------------------------------
including            100.0     101.0       1.0      6.77      3.10      4.21
                ------------------------------------------------------------
including            110.0     120.6      10.6      0.49      1.40      0.30
                ------------------------------------------------------------
                     200.5     206.5       6.0      0.33      2.36      0.01
                ------------------------------------------------------------
                     209.2     227.0      17.8      1.08      8.86      0.03
                ------------------------------------------------------------
including            219.6     227.0       7.4      2.15     16.80      0.06
----------------------------------------------------------------------------
MAP-50                64.5      68.9       4.4      1.15      6.38      0.43
                ------------------------------------------------------------
                      79.3      83.9       4.6      1.13      6.10      0.36
                ------------------------------------------------------------
                     136.0     137.5       1.5     10.05      0.80      0.23
                ------------------------------------------------------------
                     158.0     171.5      13.5      0.56      0.77      0.33
----------------------------------------------------------------------------
MAP-51                38.1      44.2       6.1      0.08      1.02      3.22
                ------------------------------------------------------------
                      44.2      56.4      12.2      0.41      6.55      0.96
                ------------------------------------------------------------
                      59.5      65.6       6.1      0.75     11.33      0.07
                ------------------------------------------------------------
                      69.0      85.4      16.4      0.68     16.18      0.09
                ------------------------------------------------------------
                     148.0     160.2      12.2      0.89      6.52      1.81
                ------------------------------------------------------------
                     197.5     215.0      17.5      5.16      1.16      1.49
                ------------------------------------------------------------
including            197.5     204.5       7.0     12.40      2.13      3.63
                ------------------------------------------------------------
including            201.6     203.3       1.7     37.00      5.40     13.80
                ------------------------------------------------------------
                     295.5     333.5      38.1      2.27      2.94      3.85
                ------------------------------------------------------------
including            299.0     305.0       6.0      8.39      4.12      5.27
                ------------------------------------------------------------
including            303.5     305.0       1.5     22.90      8.40      6.06
                ------------------------------------------------------------
including            317.6     318.8       1.2      5.88     21.30     36.00
                ------------------------------------------------------------
                     344.6     356.5      12.0      0.63     10.99      1.03
----------------------------------------------------------------------------
MAP-52                72.0     147.9      75.9      0.10      1.47      1.52
                ------------------------------------------------------------
including            139.7     147.9       8.2      0.04      1.52      4.82
                ------------------------------------------------------------
including            146.9     147.9       1.0      0.08      5.50     22.30
----------------------------------------------------------------------------
MAP-53                92.8     100.5       7.7      0.68      2.28      0.21
                ------------------------------------------------------------
                     106.5     112.5       6.0      0.34      1.50      0.49
                ------------------------------------------------------------
                     139.5     143.5       4.0      0.43      0.55      0.07
                ------------------------------------------------------------
                     148.0     157.0       9.0      3.21      0.66      0.33
                ------------------------------------------------------------
including            148.0     151.0       3.0      7.12      0.95      0.42
                ------------------------------------------------------------
                     183.4     193.5      10.2      4.88      2.44      1.13
                ------------------------------------------------------------
including            190.5     193.5       3.0     12.48      3.35      1.87
                ------------------------------------------------------------
                     196.1     205.0       8.8      0.63      2.35      0.61
                ------------------------------------------------------------
                     207.5     218.5      11.0      2.09      3.44      0.31
                ------------------------------------------------------------
                     232.5     249.0      16.5      2.35      2.58      1.23
                ------------------------------------------------------------
                     252.0     258.0       6.0      0.66      0.40      0.28
                ------------------------------------------------------------
                     268.0     279.1      11.1      1.04      1.24      0.57
----------------------------------------------------------------------------

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.

Since the Company's last news release of drilling results on October 9, 2012, an extra 1,342 metres have been drilled and assayed on the Anza deposit, for a total of 17,408 metres drilled and assayed since the start of the drill programme in April 2011.

The diamond drill holes statistics are as follows:


----------------------------------------------------------------------------
                                                                       Total
Hole         Northing    Easting  Elevation    Azimuth        Dip      Depth
 Number           (m)        (m)        (m)  (degrees)  (degrees)        (m)
----------------------------------------------------------------------------
MAP-49         694562     399846       1085        090        -45      236.4
----------------------------------------------------------------------------
MAP-50         694562     399846       1085        090        -65      227.2
----------------------------------------------------------------------------
MAP-51         694663     399871       1131        090        -65      388.9
----------------------------------------------------------------------------
MAP-52         694712     399916       1106        090        -70      147.9
----------------------------------------------------------------------------
MAP-53         694795     400046       1074        300        -65      341.6
----------------------------------------------------------------------------

Drill hole location maps can be found on the Waymar website at the following link: www.waymarresources.com/projects/maps/.

Technical Information

The analytical procedures 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 gram 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.

An industry standard Quality Control and Quality Assurance program, which includes Standard Reference Materials, blanks and duplicates is established and 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 part of 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

Neither the 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
"Optimal Design is a technology integration and product development firm that specializes in connecting devices to the cloud," stated Joe Wascow, Co-Founder & CMO of Optimal Design, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Electric Cloud and Arynga have announced a product integration partnership that will bring Continuous Delivery solutions to the automotive Internet-of-Things (IoT) market. The joint solution will help automotive manufacturers, OEMs and system integrators adopt DevOps automation and Continuous Delivery practices that reduce software build and release cycle times within the complex and specific parameters of embedded and IoT software systems.
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.