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GoldWorldResources - Advances Gold Exploration and Development Plan on the JYD Project
Dear Subscriber to Gold World Resources Inc.
information and press releases,
Attached please find our press release of November 18, 2010.
Gold World Resources Advances Gold Exploration and Development Plan on the
JYD Project
Toronto November 18, 2010.
Gold World Resources Inc.
(GDW-TXS Venture)
("GWR" or the "Company") is pleased to announce that it is progressing on
schedule with its corporate and technical programs in preparation for
commencement of the mine exploration and development and parallel field
exploration in Q1 2011.
A multi-task work plan has been prepared and is
guiding the team towards the incorporation of the Cooperative Joint Venture
("CJV") Company and all pre-program preparations.
The incorporation of the
CJV Company is subject to regulatory approval prior to commencement of field
activities.
As part of the preparations GWR has received and reviewed further technical
documents that encouragingly support the initial field targets within the 14
km highly prospective strike length of its Jin Yin Dong ("JYD") Gold Mine
property.
These documents include independent papers describing the
existence of gold mineralization extending in well- defined favorable
geology within the area of the JYD exploration and mining licenses.
The
professional technical review papers also cover the structural control and
mineralization characteristics of the sediment hosted -quartz vein gold
mineralization in Guizhou Province by recognized Chinese geologists.
Technical reviews of the JYD property by the Chinese state geology survey
also outline in sufficient detail the geology, structural controls,
mineralogy and metallogenesis of the gold mineralization as observed both
in former mine workings and in more recent exploration diamond drilling.
Based on the available technical information the JYD Gold Mine development
and field exploration will focus on the following parameters and
mineralization signatures for efficiently re-starting the gold mining
operations and for expanding the resource base:
1.
Gold "ore bodies" and mineralization occur intermittently in the
core and flanks of the Jinyindong (JYD)- Baojiada anticline which
constitutes the regional ore-controlling structure
2.
Interlayer fracture zones in the middle-upper tuff, tuff slate and
silty slate are the main gold-bearing targets for drilling along the core of
the anticline.
3.
Wall rock alteration associated with gold mineralization is reported
to be silicification, pyrite, arsenopyrite, sphalerite, galena, chlorite,
and clay - with the first 3 being most important for gold enrichment.
4.
High intensity of quartz veining including network quartz veins is
most favourable.
5.
Higher sulphide content, finer grained sulphides and more complex
mineral associations are favourable.
6.
The mineral association for gold is native gold and polymetallic
sulphide-quartz association.
Gold is reported to be present within cubic and
pentagonal dodecahedron pyrite.
About Gold World Resources Inc.:
The acquisition of the JYD Gold Mine and exploration property is in line
with GWRs vision and objective to become a gold producer by putting a gold
mine on the Companys balance sheet, positioning the Company for growth, and
increase shareholder value.
To ensure the success of this development, the Company engaged Mr.
Robert
Osborne to act as Consultant Vice-President - Chinese Gold Mines (see press
release September 28, 2010).
ON BEHALF OF THE BOARD
"Hermann Derbuch", For
further information please contact:
Chairman & CEO
Hermann Derbuch, P.Eng.
Gold World Resources Inc.
Tel.:
416.594.9888 Fax: 416.594.1967
Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Securities Act
(Alberta), including statements concerning Gold World Resources plans for
the Property, which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of
Gold World Resources, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
information.
Such information contained herein represents managements best
judgment as of the date hereof based on information currently available.
The TSX-Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
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