Archive for June 16th, 2012

Helicopter Magnetic and Radiometric Survey on Anza Property in Colombia

Posted by on Saturday, 16 June, 2012
FacebookTwitterGoogle+Share

Waymar Resources Ltd.  announces the completion of a 2,867 km helicopter magnetic and radiometric survey, covering approximately 260 km2, over their Anzá project in Antioquia, Colombia. Preliminary data images can be found on the Waymar website at the following links:

http://www.waymarresources.com/_resources/maps/RTPAnza_image1.jpg

http://www.waymarresources.com/_resources/maps/RTPAnza_image2.jpg

http://www.waymarresources.com/_resources/maps/RTPAnza_image3.jpg.

The survey was completed by MPX Geophysics Ltd., of Markham Ontario, at a nominal altitude of 70m and 100m traverse line separation. The results will be used to aid geologic mapping, identify structures and alteration associated with hydrothermal mineralization and possible porphyry copper-gold systems within the project area. The survey data is currently being processed by MPX and final products are expected by July 2012.

Waymar has also completed a structural evaluation using Radar images over the entire area of the land package held in the Anzá district. The images were acquired, processed and interpreted by Alto Americas S.A., of Buenos Aires, Argentina, a company that specializes in remote sensing products and services.

“The preliminary geophysical data confirms that the Aragón structure, which controls the gold mineralization at the Anzá deposit, is a continuous, district-wide feature,” commented Pablo Marcet, CEO. “The combination of Magnetics and Radiometrics is giving us a powerful tool to identify and prioritize targets in our extensive land package. Together with the interpreted Radar images, previous geological mapping and geochemistry, we have an excellent technical base to start testing the numerous exploration targets in the district. Meanwhile, we continue to drill at Anzá and aim to release a new batch of drill results before the end of June.”

Peter Diorio, P. Geo., President of GeophysicsOne Inc. is the qualified person related to the helicopter magnetic and radiometric survey and has reviewed and verified the technical disclosure contained herein and accepts responsibility for such disclosure. David Makepeace, M.Eng., P.Eng., senior geologist for Micon International Limited is the qualified person for the Anzá drill program, as defined by National Instrument 43-101.

There has been insufficient exploration to define a mineral resource at the Anzá property to date, and it is uncertain if further exploration will result in targets being delineated as a mineral resource. Any potential quantity and grades are conceptual in nature.