TORONTO, April 2, 2012 /CNW/ - Gold World Resources Inc. (TSXV:GDW) or (the "Company") is pleased to announce that it has, as Optionee of the Mount Anderson Yukon gold/silver, polymetallic Project ("Mt. Anderson") made payment of $75,000 and issued to the Optionors 250,000 voting common shares in accordance with the Option Agreement signed March 1, 2011 to have the right to acquire 100% of the property by making certain payments, share issues and exploration expenditures (see press release March 4, 2011).
The Company also confirms that it has met the expenditure requirement under the Option Agreement. Under the Option Agreement, the Company was required to make expenditures of $300,000 before the first anniversary of the agreement. The Company's exploration expenditures during 2011on the Mt. Anderson Project were approximately $975,000.
About the Company:
The Company is a precious- and base-metals exploration company focusing on the Mount Anderson Yukon gold/silver, polymetallic Project. The 2011 exploration resulted in the detection of a pattern suggestive of major zoned body of mineralization that is more than 6,000 meters across and has a gold-enriched core of approximately 1,750 m by 400 m wide.
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