Gold World Resources Initiates Application for a Yukon Mining Land Use Permit
Feb 07, 2012, 10:27 ET
TORONTO, Feb. 7, 2012 /CNW/ - Gold World Resources Inc. (TSXV: GDW) or ("the "Company") is pleased to announce that it has engaged Aurora Geosciences ("Aurora") of Whitehorse, Yukon to act as agent for the Company in preparing and submitting permit applications to obtain a Yukon Mining Land Use Class III Permit. Aurora will prepare the permit applications for a 5 year Class III mining land use permit using the Company's NI43-101 Technical Report as a guideline in designing the program with adjustments as necessary to accommodate regulatory or stakeholder concerns.
Further to a press release issued on January 31st, 2012, the Company has engaged Kingsdale Capital Markets Inc. to complete a private placement financing on a reasonable best efforts basis to raise up to $700,000. Proceeds from the financing will be used to finance the 2012 Exploration Budget for Phase 1A of the Mount Anderson Yukon gold/silver, polymetallic Project.
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
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