Jan 29 2011
Waymar Resources Ltd. (TSX VENTURE:WYM) has announced that Arce Geofísicos of Lima, Peru has completed a 30 km orientation Pole-Pole Induced Polarization, Resistivity and Magnetometry survey on the Anzá property, centred on La Pastorera volcanic massive sulphide occurrence, during August and September 2010.
The final interpretation report was received from Ontario-based GeophysicsOne in November 2010. The main purposes of the survey were to identify any geophysical targets prospective for VMS mineralization, characterize the geophysical response of the VMS occurrence and surrounding host rocks and assess the likelihood that the larger project area would be amenable to prospecting with helicopter-borne electromagnetic ("EM") surveys.
A moderately strong (35mV/V), shallow, IP anomaly is centred approximately 125m west of the VMS occurrence in an area which can be interpreted as a fold repetition of the mine horizon. This presents a high priority target although the possibility of interference from nearby infrastructure cannot be ruled out. A total of four other potential targets which were also identified, three of which are considered high priority for follow up and one which should be pursued only if similar, but stronger anomalies located along strike yield encouraging results.
Electrical conditions appear favourable for airborne EM surveys. However, at this time the cause of the anomalies is not known so a decision regarding an airborne EM survey is deferred until completion of the initial drill campaign.
Detailed geochemical surveys and geological mapping are in progress and drill sites are being defined to start drilling in Q1 2011.
"We are pleased to have completed this first geophysical survey on the core of the Anzá property. Geochemistry and geological mapping along the grid of the geophysics survey and in the underground mine are well advanced and we look forward to start drilling in the current quarter," said Pablo Marcet, President and CEO.