Welcome!

Microsoft Cloud Authors: Jayaram Krishnaswamy, Yung Chou, David Bermingham, Dana Gardner, Pat Romanski

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
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Learn how IoT, cloud, social networks and last but not least, humans, can be integrated into a seamless integration of cooperative organisms both cybernetic and biological. This has been enabled by recent advances in IoT device capabilities, messaging frameworks, presence and collaboration services, where devices can share information and make independent and human assisted decisions based upon social status from other entities. In his session at @ThingsExpo, Michael Heydt, founder of Seamless...