Waymar Resources Ltd.
TSX VENTURE : WYM

Waymar Resources Ltd.

September 27, 2011 08:59 ET

Waymar Announces Assay Results From the Initial Drill Program on Anza Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 27, 2011) - Waymar Resources Ltd. (TSX VENTURE:WYM) ("Waymar" or the "Company") is pleased to announce the assay results from the initial phase of drilling at its Anzá property, Antioquia Department, Colombia. Minera Anzá S.A. Sucursal Colombia ("Minera Anza SA"), the Company's Colombian subsidiary, has completed the first 10 diamond drill holes totalling 3,185 metres. The holes' statistics are as follows:

Hole Northing Easting Elevation Azimuth Dip Total Depth
Number (m) (m) (m) (°) (°) (m)
MAP-1 694202 399683 925 120 -45 360.0
MAP-2 694084 399880 890 300 -90 330.0
MAP-3 694202 399683 925 090 -45 410.0
MAP-4 694809 399537 1115 090 -60 311.0
MAP-5 696406 399143 1230 270 -45 350.0
MAP-6 696406 399143 1230 270 -60 400.0
MAP-7 694288 399795 935 090 -45 380.0
MAP-8 696083 399454 1175 090 -45 163.4
MAP-9 695752 400190 980 150 -45 134.2
MAP-10 694084 399880 890 010 -45 346.4

Five of the holes (MAP-1, 2, 3, 7 and 10) targeted potential zinc-rich volcanic massive sulphide mineralization associated with the Aragón Fault, in the vicinity of the La Pastorera Mine. The assay results, however, have identified numerous gold and silver anomalous zones. The majority of these gold-silver zones appear to be independent of zinc-rich intervals. Significant near-surface precious metal mineralized zones were identified in holes MAP-2, 7 and 10. The most significant intervals of these five holes are listed below:

Hole From To Interval Au Ag Zn
Number (m) (m) (m) (g/t) (g/t) (%)
MAP-1 178 183 5 1.127 2.08 0.061
207 210 3 0.514 0.83 0.008
220 225 5 0.440 1.96 0.008
286 289 3 0.641 2.10 0.181
296 302 6 1.315 2.150 2.352
316 323 7 1.744 3.64 0.652
333 334 1 4.106 1.30 0.071
MAP-2 4 15 11 0.252 6.49 0.026
17 31 14 0.045 7.81 0.021
101 107 6 1.308 10.70 0.185
109.5 116 6.50 0.602 20.35 0.320
125 126 1 0.081 0.50 1.220
248 252 4 0.278 6.05 0.011
MAP-3 240.5 242.5 2 1.058 0.45 0.015
337.0 353 16.0 0.580 6.29 0.033
MAP-7 30 33 3 1.780 1.39 0.022
74 80 6 1.057 2.12 0.013
99.65 102 2.35 0.699 1.44 1.153
129 133 4 3.366 0.06 0.642
173 177 4 0.400 1.93 1.815
243.3 261 17.70 0.197 12.89 0.017
263 266.8 3.80 0.103 7.12 0.012
MAP-10 2.6 19 16.40 0.384 7.86 0.090
83.7 87 3.30 1.646 23.85 0.704
326 329 3.00 1.216 0.17 0.020

The intervals in the above table refer to the actual core length and may not represent the true width of the mineralization due to the limited geological knowledge of the deposit at this time.

From the limited drilling so far there appears to be possibly three broad zones of precious metal mineralization. The anomalous gold and silver intervals are very encouraging and have resulted in re-logging core and the sampling of additional core intervals.

The other five holes targeted geophysical and/or geochemical anomalies within the property. Holes MAP-4, 5 and 6 did not encounter significant mineralization, while holes MAP-8 and 9 did not reach the targeted depths due to poor ground conditions and will be re-drilled.

An industry standard Quality Control and Quality Assurance program, which included Standard Reference Materials and blanks, was established and followed during the drill program. During the original drill program, very limited duplicate samples were taken and assayed. However, second samples are now being assayed. Duplicate samples will be added to all future drill programs. A complete QA/QC statistical analysis is presently being prepared for the Company by Micon International Limited. All core samples were prepared and assayed by ISO 9001 certified laboratories.

A further 2,500 metres of diamond drilling is on-going and is focused on the Aragón Fault along strike of the La Pastorera Mine. The results of the ground geophysical surveys are being re-interpreted with the results of the initial drill program. A regional stream sediment geochemical survey is nearing completion.

"All five holes drilled in the vicinity of the Aragón fault have intersected broad zones of significant metal content, especially gold. Our current drilling is testing the continuity of these zones, some of which are very shallow and open in all directions," said Pablo Marcet, President.

Waymar Resources Ltd. is a Canadian mineral exploration company with an option to acquire 100% interest in the Anzá project located in the west of the Antioquia Department in the Republic of Colombia. Colombia is a significant producer of gold, nickel, emeralds, petroleum and natural gas, as well as a leading producer of coal in Latin America. Waymar also has 100% ownership of certain properties surrounding Anzá that cover the district's mineral potential and is continually seeking opportunities to acquire exploration properties. Any potential quantity and grades are conceptual in nature. 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.

David Makepeace, M.Eng., P.Eng., senior geologist for Micon International Limited, is the qualified person for this drill program, as defined by National Instrument 43-101. He has reviewed the technical disclosure contained herein and accepts responsibility for such disclosure.

WAYMAR RESOURCES LTD.

Pablo Marcet, President & CEO

This press release may contain "forward looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "estimates", "intends", "anticipates" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, intentions, analysis and opinions of Waymar made at the date that such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Waymar to be materially different from those expressed or implied by such forward-looking information, including the risk factors disclosed elsewhere in Waymar's public disclosure. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding Waymar's plans and objectives and may not be appropriate for other purposes. Waymar does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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