TORONTO, Feb. 28, 2012 /CNW/ - Gold World Resources Inc. (TSXV:GDW) or (the "Company") is pleased to announce that it has completed the evaluation of the magnetic and radiometric surveys carried out on its Mount Anderson Yukon gold/silver, polymetallic Project ("Mt. Anderson.") and has identified drill targets after taking into consideration the results of both surveys as well as soil and rock geochemistry data, geology and known mineral occurrences.
The Company's plan is to start its drilling program in 2012 as soon as weather conditions permit.
Phase 1 of the 2012 drilling campaign is planned to consist of 5,480m of diamond drilling, likely consisting of a series of shallow to medium depth holes. The Company plans to drill two initial targets and locate subsequent holes based on drill results.
The first target will be located west and northwest of the old adits. Core diameter will be NQ (47.6 mm) or HQ (63.5 mm) to maximize recovery from altered mineralized zones and will test portions of the strong 1,250 m by 750 m previously untested soil gold geochemical Anomaly "A" where it borders a large potassium radiometric anomaly mapped by the Precision Geophysics airborne survey. It is in this "Ridge Zone" where gold-bearing samples assaying as high as 195.02 g/t Au and 473.08 g/t silver were found in the 1980's near the scree covered margins of northeast-trending Tertiary rhyolite dykes. Tertiary rhyolite dykes are associated with the best zones of mineralization on the adjacent New Pacific Metals Corp. ("New Pacific Metals") property. The Mt. Anderson "Ridge Zone" dykes are aligned with such dykes in the vicinity of New Pacific Metals' Goddell gold deposit which is located 4.3 km to the southwest. A November 14, 2011 news release by New Pacific Metals was headed "Recent Drilling Confirms Gold Mineralization Supporting Potential 'Bulk-Mining' Widths in the Goddell Deposit at Tagish Lake Gold Project" and reported a number of drill intersections, one of which was 36.7m at 4.2 g/t gold (see http://www.newpacificmetals.com/news/index.php?&content_id=148).
The second drill target will be approximately 300m east of the historic Adanac trench where all soil samples at 10m intervals across the Anomaly "C" were anomalous in gold and silver over 140m of north-south line length, with the highest gold value being 249 times background. The second target is at the junction of a northwest-trending magnetic low with the east-trending magnetic low which coincides with the known Whirlwind vein system and the soil Anomaly "C". There was no past trenching in the immediate vicinity of this target. A grab sample collected in 2011 by Dr. Quentin Gall from the Adanac trench assayed 14.2 g/t gold, 854 g/t silver, 1.13% copper, 14.68% lead and 1,072 g/t bismuth. The highest gold value along the north-south soil sampling line, 20m east of the Adanac trench, was 65 times background which is one quarter of that at the drill target.
Since last year's mobile camp set-up was cost efficient and worked out very well the Company intends to reestablish it again for the 2012 exploration season.
Please visit our website: www.goldworldresources.com for maps of Precision GeoSurveys Inc. pertaining to this press release:
Soil Geochemistry Anomalies overlaid on Potassium Radiometric Map (K) and
Soil Geochemistry Anomalies overlaid on magnetic Calculated Vertical Gradient (CVG)
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.
For further information:
Hermann Derbuch, P.Eng.
Tel.: 416.594.9888 Fax: 416.594.1967