TORONTO, Sept. 6, 2012 /CNW/ - Gold World Resources Inc. (TSXV: GDW) or (the "Company") is pleased to announce that it is the owner of the 22 km² Kempt Snare Lake ("KSL") property in Nova Scotia. The existing 23 m shaft located on the KSL property is a testimonial of former precious metal mining and base metal exploration activities.
Late 2011, the possible opportunity to acquire 141 claims of mineralized property for the dollar amount of less than 1,000 was brought to the attention of the Company and was followed up with the staking of these claims earlier this year, to increase its assets and at the same time diversify its project locations while staying in Canada.
The mineralization at KSL was first discovered in 1927 when the shaft was sunk on a 2m thick quartz vein. That vein, and several others of similar orientation adjacent to it, are hosted within a small cupola of dark grey to black, coarse grained granite porphyry that intrudes metasedimentary rocks along a shear zone which is part of a series of northeast-trending fault structures that traverses this region.
Early exploration work reported that the vein ran 2% combined Pb-Zn, 0.5% Cu, 153 ppm Ag and up to 61 ppm Au (see "The Graphite-Bearing, Kempt Snare Lake Greisenized Leucogranite Cupola, Yarmouth County, Nova Scotia" by T.P. Soehl, G. A. O'Reilly, D.B. Clarke and P. H. Reynolds). After 1950 the site was abandoned until the 1970's boom in tin exploration which had revitalized mining in that area of Nova Scotia. During that period it was also realized that the veins contained interesting levels of tungsten.
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. Such 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 release.
SOURCE: Gold World Resources Inc.
For further information:
Hermann Derbuch, P.Eng.
Tel.: 416.594.9888 Fax: 416.594.1967