Gold World Resources' acquisition of prolific Nova Scotia polymetallic Project in former mining district
06 September 2012 - 6:41AM
PR Newswire (Canada)
TORONTO, Sept. 6, 2012 /CNW/ - Gold World Resources Inc. or (the
"Company") is pleased to announce that it is the owner of the 22
km² Kempt Snare Lake ("KSL") property in Nova Scotia. The existing
23 m shaft located on the KSL property is a testimonial of former
precious metal mining and base metal exploration activities. Late
2011, the possible opportunity to acquire 141 claims of mineralized
property for the dollar amount of less than 1,000 was brought to
the attention of the Company and was followed up with the staking
of these claims earlier this year, to increase its assets and at
the same time diversify its project locations while staying in
Canada. The mineralization at KSL was first discovered in 1927 when
the shaft was sunk on a 2m thick quartz vein. That vein, and
several others of similar orientation adjacent to it, are hosted
within a small cupola of dark grey to black, coarse grained granite
porphyry that intrudes metasedimentary rocks along a shear zone
which is part of a series of northeast-trending fault structures
that traverses this region. Early exploration work reported that
the vein ran 2% combined Pb-Zn, 0.5% Cu, 153 ppm Ag and up to 61
ppm Au (see "The Graphite-Bearing, Kempt Snare Lake Greisenized
Leucogranite Cupola, Yarmouth County, Nova Scotia" by T.P. Soehl,
G. A. O'Reilly, D.B. Clarke and P. H. Reynolds). After 1950 the
site was abandoned until the 1970's boom in tin exploration which
had revitalized mining in that area of Nova Scotia. During that
period it was also realized that the veins contained interesting
levels of tungsten. 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",
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. 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. Gold World Resources Inc. CONTACT:
Hermann Derbuch, P.Eng.Tel.: 416.594.9888 Fax: 416.594.1967
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