Gold World Resources reports on the NI43-101 Technical Report on the
posted on
Jan 18, 2012 12:05PM
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
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.TORONTO, Jan. 18, 2012 /CNW/ - Gold World Resources Inc. (TSXV: GDW) or ("the "Company") is pleased to present excerpts of the recently filed NI43-101 Technical Report on the Mt. Anderson Project (see press release January 17, 2012). Excerpts from the Summary section read:
"The latest field program by Gold World Resources Inc. has been conducted in a systematic, comprehensive and technically responsible manner. Results indicate that the claim group is a property of merit and certainly deserves additional exploration with the immediate objective of confirming the presence of one or more gold-silver deposits warranting definition by subsequent drilling".
"Recommendations
The Company is pleased to have focused its exploration activities during 2011 on the Mt. Anderson Project.
While the geology in China still presents a number of very interesting options, the regulatory and ownership regime resulted in a pace of development that was not satisfactory to management. The Company curtailed expenses in China and has now withdrawn from China. All money from the latest financing in May 2011 went towards the Mt. Anderson Project.
The Company intends to strengthen its in-house manpower in 2012 to meet the new demands and increased needs of the Mt. Anderson Project. In addition, the Company continues to investigate other opportunities on an ongoing basis.
I like to take this opportunity to thank the Board of Directors who worked diligently with me on the Company's projects as well as reviewing and evaluating new properties where their international experience and expertise has been invaluable. In their support of the Company they show an impeccable record of attending the numerous meetings.
About the Company:
The Company is a precious- and base-metals exploration company focusing on the Mount Anderson Yukon gold/silver, polymetallic Project.
The complete Technical Report is available on our website www.goldworldresources.com
ON BEHALF OF THE BOARD
"Hermann Derbuch",
Chairman & CEO
Gold World Resources Inc.
This Press Release may contain forward-looking statements (including "forward looking information" within the meaning of applicable Canadian securities legislation) related to the Company's 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 management's 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
Hermann Derbuch, P.Eng.
Tel.: 416.594.9888 Fax: 416.594.1967