Dear Subscriber to Gold World Resources news,
Attached please find our Press Release of February 28, 2012.
Please do not
hesitate to contact us if you would like to have more information.
Best regards,
Roswitha
_______________________
Gold World Resources Inc.
1200 - 330 Bay Street
Toronto / ON
M5H 2S8
Tel.: 416.594.9888
Fax: 416.594.1967
Press Release
Gold World Resources identifies initial sites for 2012 drilling program
TORONTO, February 28, 2012 Gold World Resources Inc.
(TSXV:GDW) or (the
"Company") is pleased to announce that it has completed the evaluation of
the magnetic and radiometric surveys carried out on its Mount Anderson
Yukon gold/silver, polymetallic Project ("Mt.
Anderson.") and has identified
drill targets after taking into consideration the results of both surveys as
well as soil and rock geochemistry data, geology and known mineral
occurrences.
The Companys plan is to start its drilling program in 2012 as soon as
weather conditions permit.
Phase 1 of the 2012 drilling campaign is planned to consist of 5,480m of
diamond drilling, likely consisting of a series of shallow to medium depth
holes.
The Company plans to drill two initial targets and locate subsequent
holes based on drill results.
The first target will be located west and northwest of the old adits.
Core
diameter will be NQ (47.6 mm) or HQ (63.5 mm) to maximize recovery from
altered mineralized zones and will test portions of the strong 1,250 m by
750 m previously untested soil gold geochemical Anomaly "A" where it borders
a large potassium radiometric anomaly mapped by the Precision Geophysics
airborne survey.
It is in this "Ridge Zone" where gold-bearing samples
assaying as high as 195.02 g/t Au and 473.08 g/t silver were found in the
1980s near the scree covered margins of northeast-trending Tertiary
rhyolite dykes.
Tertiary rhyolite dykes are associated with the best zones
of mineralization on the adjacent New Pacific Metals Corp.
("New Pacific
Metals") property.
The Mt.
Anderson "Ridge Zone" dykes are aligned with such
dykes in the vicinity of New Pacific Metals Goddell gold deposit which is
located 4.3 km to the southwest.
A November 14, 2011 news release by New
Pacific Metals was headed "Recent Drilling Confirms Gold Mineralization
Supporting Potential Bulk-Mining Widths in the Goddell Deposit at Tagish
Lake Gold Project" and reported a number of drill intersections, one of
which was 36.7m at 4.2 g/t gold (see
http://www.newpacificmetals.com/news/index.php?&content_id=148).
The second drill target will be approximately 300m east of the historic
Adanac trench where all soil samples at 10m intervals across the Anomaly
"C" were anomalous in gold and silver over 140m of north-south line length,
with the highest gold value being 249 times background.
The second target is
at the junction of a northwest-trending magnetic low with the east-trending
magnetic low which coincides with the known Whirlwind vein system and the
soil Anomaly "C".
There was no past trenching in the immediate vicinity of
this target.
A grab sample collected in 2011 by Dr.
Quentin Gall from the
Adanac trench assayed 14.2 g/t gold, 854 g/t silver, 1.13% copper, 14.68%
lead and 1,072 g/t bismuth.
The highest gold value along the north-south
soil sampling line, 20m east of the Adanac trench, was 65 times background
which is one quarter of that at the drill target.
Since last years mobile camp set-up was cost efficient and worked out very
well the Company intends to reestablish it again for the 2012 exploration
season.
Please visit our website: www.goldworldresources.com for maps of Precision
GeoSurveys Inc.
pertaining to this press release:
Soil Geochemistry Anomalies overlaid on Potassium Radiometric Map (K) and
Soil Geochemistry Anomalies overlaid on magnetic Calculated Vertical
Gradient (CVG)
About the Company:
The Company is a precious- and base-metals exploration company focusing on
the Mount Anderson Yukon gold/silver, polymetallic Project.
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
This Press Release may contain forward-looking statements (including
"forward looking information" within the meaning of applicable Canadian
securities legislation) related to the Companys 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 managements 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.