Gold World Resources Reports on 2012 Work Program etc
posted on
Jan 03, 2013 03:21PM
Management’s objective is to grow the Company by advancing its Mount Anderson Yukon Project and also taking advantage of other opportunities offered for joint-venture or acquisition
TORONTO, Jan. 3, 2013 /CNW/ - Gold World Resources Inc. (GDW - TSX Venture) (the "Company") is pleased to announce sampling and prospecting updates from the 2012 exploration work on Mt. Anderson, including the location of:
About the Property
The Mount Anderson gold/silver, poly-metallic project ("Mt. Anderson") is located 55 km south of Whitehorse, Yukon and covers a large area of documented epithermal to mesothermal Au, Ag, Pb, Zn and Au, Ag, As vein mineralization consisting of massive galena in Quartz as well as Skarn and Porphyry Mo-Cu zones. All zones have been sampled and mapped by qualified persons during the 2011 exploration season. Results, including prior documented work history between 1906 and 2011, are documented in the NI 43-101 prepared by Howard Lahti, PhD, P.Geo (and filed on SEDAR Jan. 17, 2012). All work completed by the Company since 2011 was under the supervision of Dallas Davis, P.Eng, FEC, Consulting Interim VP Exploration, a qualified person for the purposes of NI 43-101 reporting. The 2012 prospecting report was authored by Larry Bratvold, one of the Mt. Anderson vendors, who led the 3-person prospecting team. Dallas Davis did not visit the property during 2012.
The Company has received a Class 3 Mining Land Use Permit with Operational Guidelines for Mt. Anderson, valid until August 1, 2017.
Also, the Company is pleased to announce the successful completion of the first tranche of the temporary relief financing (see press release of October 18, 2012) for gross proceeds of $80,000. The placement consisted of units issued at a price of $0.025 per unit. Each Unit consists of one common share of the Company and one share purchase warrant ("Warrant"). Each Warrant is exercisable at a price of $0.05 at any time within twelve (12) months from date of issue, and at a price of $0.10 thereafter until three years from date of issue.
ON BEHALF OF THE BOARD
Domenico Bertucci ,
CFO and Interim COO
Gold World Resources Inc.
We seek Safe Harbor
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Gold World Resources Inc.
Domenic Bertucci
Ph: 416-594-9888; Fx: 416-594-1967