🕐20.12.10 - 16:54 Uhr
GoldWorldResources - press release and seasons greetings
Dear Subscriber to Gold World Resources news,
Please find attached our press release of December 20, 2010; at the same
time,
Management likes to extend to you and yours SEASONS GREETINGS and Best
Wishes for the New Year
Best regards,
Roswitha
______________________________
Roswitha Derbuch
Gold World Resources Inc.
1200 - 330 Bay Street
Toronto / Ontario
Tel.: 416.594.9888
Fax: 416.594.1967
Press Release
Gold World Resources signs binding Letter of Intent on prolific
Yukon gold-silver play
Toronto, December 20, 2010, Gold World Resources Inc.
(GDW-TSX Venture)
("GWR" or the "Company") is pleased to announce that it has signed a Binding
Letter of Intent with prospectors Larry Bratvold and Kenneth Wilbern of
Norseman Exploration for the purpose of conducting a due diligence and
consummating a Binding Option Agreement to earn 100% of the rights to the
2790 acres (1130 hectares) Mt Anderson Yukon gold /silver property located
within the Tintina Gold Province, some 60 km south of Whitehorse, with year
round access,
Three different mineralization styles occur with high grade gold and silver
associated with medium to high grade copper, lead and zinc sulphides.
Historic and recent exploration on the claims has located widespread gold,
silver and base metal mineralization which include:
* Shear hosted mesothermal veins systems containing bonanza grade
gold/silver
* A large epithermal quartz/agate/fluorite vein system containing
bonanza grade gold/silver
* Copper/zinc/gold/silver skarn
Of particular initial interest is a major Au-Ag polymetallic vein system in
the "Adit Zone" traced at surface for 1,200 meters with 5 historical
exploration adits, trenches and pits that indicate the zone has been
previously sampled to at least 250 meters depth and remains open at depth
and along strike.
An historical bulk sample graded 34 g/t Au, 432 g/t Ag,
11% Pb and 5% Zn.
A 2009 -2010 excavator trench sample extended over 110
meters and graded 37 g/t Au, 1173 g/t Ag, 25% Pb and 4.9% Zn.
Based on the
historic bulk sampling and recent excavator trenching an order of magnitude
preliminary estimate of the potential gross in-ground value of the
mineralization ranges from $2,000/t to $4,000/t.
The extent and grade
continuity of this mineralization is unknown.
The property displays similarities with the adjacent Tagish Lake Gold
Corporations (recently taken over by New Pacific Metals) Skukum Gold
Project, (which is reportedly indented to be brought to production while
exploring the resources potential) with measured & indicated resources of
1.4 Mt @ 7.4 g/t Au and 140 g/t Ag and Goddell with indicated resources of
320,000 tonnes @ 11.02 g/t Au and inferred 280,000 tonnes @ 9.21 g/t Au (see
website tagishgold.com, Corporate Presentation).
Skukum Creek, Goddell and
Mt Anderson lie on a large precious metal bearing fracture system related to
the Eocene Mt Skukum Volcanic Complex.
It appears that extensions and splays
of the Goddell fault are the major structures hosting the 3 styles of Mt
Anderson mineralization.
The Adit zone mineralization will be the focus of detailed exploration
mapping, channel and trench sampling, followed by drilling.
The epithermal
and skarn mineralization will be mapped and surface sampled prior to
geophysical surveying and drilling.
Gold World Resources can earn 100% interest in Mt Anderson over a 3 year
period with a commitment to Norseman Exploration of $1.5M on exploration,
$415,000 cash, issuing 1,750,000 shares plus providing 20% of the net
revenue from a bulk sampling program required for the feasibility study and
NI43-101 compliance.
Upon commercial production a 2% NSR is payable with a
buy back to 1% NSR for $1M.
About Gold World Resources Inc.:
The Company is exploring for precious metals in China.
With the signing of
this Letter of Intent the Board of Directors is following its corporate
strategy to grow the Company and at the same time diversify its operating
locations.
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.