Copper-Gold Intercepts Continue to Expand WTM's La Dura Discovery
Thu Apr 10, 8:00 AM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 10, 2008) - West Timmins Mining Inc. (TSX: WTM.TO) announced today that drill testing in the La Dura West area of its 100% owned Montana de Oro Project in Sonora, Mexico has intersected additional zones of copper-gold-silver mineralization (see table below). These feature an intercept of 12.30 metres grading 0.94% copper, 2.07 g/t gold and 65.12 g/t silver, which includes 1.55 metres grading 0.13% copper, 8.43 g/t gold and 50.10 g/t silver, located less than 100 metres south of the La Dura West Polymetallic discovery.
The latest results from the La Dura area are consistent with the Company's exploration model which relates the La Dura East lead-zinc-silver, La Dura West Polymetallic and proximal copper-gold-silver discoveries to a large, classically zoned intrusive hosted copper-gold system.
"With the peripheral lead-zinc-silver dominated elements of this system exhibiting a strike length of at least 3000 metres and the grade/thickness of a number of recent copper-gold intercepts all indications are that we are progressing toward the centre of large copper-gold system," said Darin Wagner, President and CEO of West Timmins Mining. "Based on the available geological information the centre of this system lays to the west of our drilling to date, across the placer gold-bearing Baboyahui River."
A series of recently completed drill holes, collared up to 600 metres west of previous drilling, provide additional support for the current exploration model. These holes exhibit westward increases in alteration intensity, disseminated copper sulphide mineralization and in the thickness of the mineralized intercepts. Assay results from these holes remain pending and will be released as they become available to the Company.
Table 1: Drill Intercepts - La Dura West Area
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Hole From To Intercept Gold Silver Copper
No. metres metres metres g/t g/t %
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LC07-24 101.57 117.36 15.79 0.06 2.72 0.10
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164.70 186.05 21.35 0.01 1.05 0.06
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214.86 231.80 16.94 0.01 2.00 0.08
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LC08-25 79.90 89.95 10.05 0.42 21.79 0.07
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LC08-26 73.20 79.30 6.10 0.34 38.00 0.94
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LC08-27 3.05 15.35 12.30 2.07 65.12 0.93
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Including 3.05 4.60 1.55 8.43 50.10 0.13
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LC08-28 8.07 13.92 5.85 0.28 16.82 0.13
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Note: Intercepts in holes LC07-24 - 26 are interpreted to
represent 105-115% of true thickness; intercepts in holes LC08-27,
28 are interpreted to represent 140-150% of true thickness.
An additional 20 holes are currently in the planning and permitting stages in the La Dura area as WTM looks to outline the extent of the copper-gold and related mineralized zones.
Drill results have also been received from several new vein discoveries in the Don Pancho-Violetta area, located six kilometres to the east of the La Dura East discovery. Drill hole DP07-15 collared into a 1.50 metre wide mineralized zone which returned 0.46 g/t gold and 26.50 g/t silver. Drill hole DP07-16 returned gold values ranging from detection to 2.85 g/t from an 8.80 metre wide vein-breccia zone. Both intercepts are interpreted to represent 105-110% of true thickness.
Six additional holes testing the nearby El Rodeo gold-silver system all intersected the El Rodeo Zone with intercepts ranging from 0.29 to 2.25 metres in thickness (100-110% of interpreted true thickness). The intercepts returned gold values ranging from 0.15 to 2.25 g/t and silver values from 3.19 to 78.00 g/t. Three of the holes tested the El Rodeo Zone at vertical depths of between 175 and 250 metres, each intersecting multiple narrow breccia/vein zones.
WTM's 100% owned Montana de Oro Project covers in excess of 600 square kilometres and is located along the border between the states of Sonora, Sinaloa and Chihuahua, Mexico. The Montana de Oro Project is situated less than 50 kilometres from six new mines or advanced exploration projects including Goldcorp's lowest cost gold producer - the El Sauzal deposit, Coeur d'Alene Mines' Palmarejo-Trogan silver-gold deposit and Pan American Silver's Alamo Dorado silver mine.
Quality Control and Assurance
Geochemical results reported herein are from halved drill core samples collected from the Company's Montana de Oro project. Core sampling is conducted on site by trained personnel and sealed samples are transported to ALS-Chemex's preparation facilities in Hermosillo, Mexico by employees of consulting firm Minera Cascabel S.A. de C.V. on behalf of West Timmins Mining. Samples were assayed for gold by standard fire assay- ICP finish with a 30 gram charge. Samples additionally underwent 34 element ICP-MS analysis. Silver, zinc, copper and lead values in excess of 100 ppm, 1%, 1% and 1% respectively were re-analyzed by fire assay. The remaining half of the drill core is stored in a secure facility near the project site. For quality control purposes blanks and analytical control standards were inserted into the sample sequence at regular intervals. Mr. Darin Wagner (M.Sc., P.Geo), the Company's President, has acted as non-independent qualified person for this news release. The qualified person has visited the project site, examined the drill intercepts reported, reviewed the available technical information for the project, and has verified that there were no significant discrepancies with respect to the quality control samples submitted for analysis along with the drill core.
About West Timmins Mining Inc. - ( www.westtimminsmining.com)
West Timmins currently has four active drill projects, with over 40,000 metres of diamond drilling scheduled to be completed on its exploration projects in the Sierra Madre Belt of Mexico and in the Timmins Gold Camp of Northern Ontario in 2008. West Timmins is focussed on the exploration and development of district-scale gold and related base metal projects in the major gold camps of North America. West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.
On behalf of the Board of West Timmins Mining Inc.
Darin W. Wagner, P.Geo., President and Chief Executive Officer
For further detail on West Timmins Mining Inc. please refer to prior disclosure at www.sedar.com.
The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended, or under any U.S. state securities laws, and such securities may not be offered or sold in the United States absent an exemption from such registration requirements.
This press release contains forward looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "expected to", "plans", "planned", "projected" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks, including those described in the Company's annual information form as filed with the Canadian securities regulators which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward looking statements.
The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
Contacts
Darin W. Wagner
West Timmins Mining Inc., Vancouver
President & CEO
(604) 685-8311 or Toll Free: 1-866-685-8311
Jordann Nettles
West Timmins Mining Inc., Vancouver
Manager, Investor Relations
(604) 685-8311 or Toll Free: 1-866-685-8311
Email: info@westtimminsmining.com
Website: www.westtimminsmining.com |
