TORONTO, July 11, 2012 /CNW/ - Gold World Resources Inc. ("GWR")
(TSXV:GDW) or (the "Company") is pleased that it has contracted
Norseman Exploration, Whitehorse to execute part of its intended 2012
exploration program by extracting a series of bulk samples beginning
with a 50t sample from the Mount Anderson Yukon gold/silver,
polymetallic ("Mt. A.") Project which is to confirm grade and
availability for prospective purchasers and to work towards fulfilling
the terms of the Option Agreement signed 2011 to excavate and process
1,000 t of material; (please see press release February 28, 2012
Management has designed the program to suit current market conditions by
taking advantage of the current strength in gold and silver prices as
well as Management's assessment of how best to explore and develop the
significant high grade vein system of the Mt. A. Project which has
historically been described as containing the largest gold/silver vein
in the district.
Historic exploration and the results of the Company's 2011 exploration
program which identified an 8 thousand meter mineralized zone have
confirmed the discovery potential of this site. Within the zone there
is strong evidence of an exploitable vein system with several access
points on surface which may facilitate the recovery of this resource at
a reasonable cost. The budget for the program is estimated at $250,000
(not including cost of assaying. Final cost will be determined as end
buyer and trucking bids are finalized).
2.2 t of the 2011 bagged ore from the 47-Zone have been removed. 60
samples of this ore were delivered to ACME labs in Whitehorse for
Prospecting and backhoe excavation of the "Adanac East" soil anomaly
which Dallas W. Davis, Consultant Interim V.P. Exploration ("Dallas
Davis") has targeted based on the fact that it is the highest gold
anomaly found last year. The Company believes that this could be a
major extension of the Adanac zone or the discovery of significant new
mineralization of potential bulk minable widths.
Follow up prospecting and hand trenching on line 35 where it crosses the
Ridge Zone at which area in the 1980's significant values of gold and
silver (+6 oz/t gold and +15 oz/t silver) were found.
Hand trenching and portal reclamation of the upper adit where Noranda
historically and in 2011 Dr. Howard Lhati sampled. Both took
approximately 2900 g/t silver samples from the veins.
To be carried out immediately to set the path to early cash-flow:
Removal of a 50 ton high-grade bulk sample (one of a series) from the
47-Zone. Material will be sacked, removed from site and crushed to
minus 1/4 inch. Depending on the results from the gravity separation
tests the next step would be to either produce a concentrate or sell
the material as is.
Financing Options for Continued Bulk Sampling:
Larger-scale bulk sampling of the 47-Zone and other gold shoots provides
an excellent opportunity for the Company to generate significant,
near-term revenue for continued exploration and development. Chinese
smelters expressed their interest in purchasing the material. There is
the possibility that buyers would also be interested in financing.
About the Company:
The Company is a precious- and base-metals exploration company focusing
on the Mount Anderson Yukon gold/silver, polymetallic Project.
ON BEHALF OF THE BOARD
Chairman & CEO
Gold World Resources Inc.
This Press Release may contain forward-looking statements (including
"forward looking information" within the meaning of applicable Canadian
securities legislation) related to the Company's activities which
involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking
information. The Company has not undertaken any preliminary feasibility
study or preliminary economic assessment with respect to the Property.
Information contained herein represents management's best judgment as
of the date hereof based on information currently available. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, save and except as may be required by
applicable securities laws. The forward-looking statements contained
herein are expressly qualified by this disclaimer.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this press
SOURCE Gold World Resources Inc.
For further information:
Hermann Derbuch, P.Eng.
Tel.: 416.594.9888 Fax: 416.594.1967