West Timmins Mining Inc.

Published : April 11th, 2007

5 Drills Turning on WTM Gold Projects

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Diamond | G Mexico | Gold | Mexico | Silver | Silver Mine |
April 11, 2007

West Timmins Mining Exploration Update: 5 Drills Turning on WTM Gold Projects�

(Vancouver, April 11, 2007) West Timmins Mining Inc. (TSX: WTM) currently has 5 drills completing over 145 planned holes totalling 35,000 metres on three district scale gold projects in the Sierra Madre Gold Belt of Mexico and the Timmins Gold Camp of Ontario.

Drills 1 and 2 - West Timmins Gold Project, Timmins, Ontario, Canada

1)������ 8,000 metres, 10-12 holes - Thunder Creek Property, Timmins - funded by Lake Shore Gold

2)������ 12,000 metres, 50-60 holes - West Timmins Gold Property, Timmins - 100% WTM

Two drills are currently testing the Company's 114 square kilometre West Timmins Gold Project in Timmins, Ontario.

On WTM's 100% owned Thunder Creek Gold Property, Lake Shore Gold (TSX: LSG), as project operator and funding partner, has initiated an 8,000 metre drill program to test two principal targets on the Property. The Thunder Creek Property is located just 600 metres south of Lake Shore Gold's 1.29 million ounce (indicated) Timmins West gold deposit. Targets include the high-grade Rusk occurrence which shares a number of similarities with the Timmins West deposit (see NR07-13; April 4, 2007). Lake Shore can earn a 60% interest in the Thunder Creek Property by making cash (C$375,000) and share (100,000) payments to the Company and funding C$1,705,000 in exploration expenditures over five years.

On the adjacent, 100% owned Thorne Property, West Timmins is currently testing a number of priority gold targets including extensions of the high-grade 4500, 4800 and Hanging Wall Zones within the Golden River Deformation Zone as part of an ongoing 12,000 metre Diamond drill program.

Drills 3 and 4 - Monta�a de Oro Gold Project, Sonora, Mexico

3)������ 3,000 metres - 20-25 holes - EL Rodeo Zone, Monta�a de Oro - 100% WTM

4)������ 9,000 metres - 40-50 holes - Exploration Targets, Monta�a de Oro - 100% WTM

Two drills are also active on WTM's 495 square kilometre, 100% owned Monta�a de Oro Project in the Sierra Madre Belt of Sonora, Mexico. The core of the Monta�a de Oro Project was held in the National Mineral Reserve of Mexico prior to being auctioned to WTM in late 2004. Goldcorp's El Sauzal gold deposit and Palmarejo Silver and Gold's Trogan gold-silver development project are two of the seven mines and advanced development projects located within 50 km of Monta�a de Oro.�

Drilling continues to test and expand the El Rodeo Gold-Silver Zone discovered by WTM in 2006 (see NR 06-12, December 6, 2006). The mineralized quartz breccia unit which defines the El Rodeo Zone has now been intersected in Diamond drilling for 700 metres along strike at vertical depths of less than 100 metres. The El Rodeo Zone remains open in all directions.

The second drill on the Monta�a de Oro Project is conducting initial testing of 12 other zones of gold and base metal mineralization within the core area of the Project. Phase 1 drilling calls for the completion of 12,000 metres on the Monta�a de Oro Project.

Drill 5 - Yoquivo Gold-Silver Project, Chihuahua, Mexico

5)������ 3,000 metres - 10-12 holes- San Francisco and 6 other vein trends - funded by Konigsberg

Operator West Timmins Mining �and funding partner Konigsberg Corporation (OTCBB:KGBC), recently announced the commencement of a 10 to 12 hole, 3,000 metre Diamond drill program on the Yoquivo Gold-Silver Project. Yoquivo is located 35 km southeast of the recently commissioned Ocampo Gold-Silver Mine in Chihuahua, Mexico. Drilling is targeting a number of epithermal vein systems on the Project including extensions of the high grade San Francisco deposit (historic production grades averaged 10.9 g/t gold and 1,120 g/t silver). �Konigsberg can earn an initial 50% in the Yoquivo Project by making cash (US$200,000) and share (1,000,000) payments to the Company and funding US$1,000,000 in exploration expenditures over a 24 month period.�����������������������������

About West Timmins Mining Inc. - (www.westtimminsmining.com)

West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM. Mr. Darin Wagner, President and CEO of West Timmins Mining Inc., is the qualified person for this release.

-30-

On behalf of the Board of

West Timmins Mining Inc.

"Darin W. Wagner"����������������������������� �������������������������������

Darin W. Wagner, �P. Geo.

President and Chief Executive Officer

For further information contact:

Darin W. Wagner, President & CEO

West Timmins Mining Inc., Vancouver

Tel: (604) 685-8311 / Toll Free: (866) 685-8311

E-mail: info@westtimminsmining.com

Elaine Einarson, Manager Corporate Development

West Timmins Mining Inc., Vancouver

Tel: (604) 685-8311 / Toll Free: (866) 685-8311

E-mail: eeinarson@westtimminsmining.com

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.

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 under 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" 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.

Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

West Timmins Mining Inc.

CODE : WTM.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

West Timmins is a exploration company based in Canada.

West Timmins is listed in Canada and in United States of America. Its market capitalisation is CA$ 422.2 millions as of today (US$ 404.2 millions, € 269.5 millions).

Its stock quote reached its lowest recent point on November 28, 2008 at CA$ 0.13, and its highest recent level on November 13, 2009 at CA$ 3.18.

West Timmins has 140 255 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of West Timmins Mining Inc.
Annual Report 2008
2008 Annual Report
Financings of West Timmins Mining Inc.
8/12/2009Receives $7.83 Million Through Exercise of Warrants
6/4/2009ANNOUNCES CLOSING OF $11.5 MILLION BOUGHT DEAL PRIVATE PLACE...
5/21/2009Announces Increase in Size of Bought Deal Private Placement ...
5/21/2009Announces $9 Million Bought Deal Private Placement
2/5/2009Announces Final Closing of Brokered Private Placement
2/3/2009WTM Announces Non-Brokered Private Placement
1/13/2009Announces $2 Million Private Placement
8/13/2008COMPLETES $1,950,000 NON-BROKERED, FLOW-THROUGH PRIVATE PLAC...
8/7/2008ANNOUNCES NON-BROKERED, FLOW-THROUGH PRIVATE PLACEMENT TO RA...
8/6/2008TO GRANT 12 MONTH EXTENSION TO AUGUST 9, 2008 WARRANTS
8/9/2007Closes $13 Million Private Placement Financing
7/23/2007Receives $2,217,547 From Early Exercise of Warrants
7/20/2007Announces $13 Million Private Placement Financing
Nominations of West Timmins Mining Inc.
9/17/2008Message from WTM's Investor Relations Manager
11/22/2007Appoints Manager, Investor Relations
Project news of West Timmins Mining Inc.
2/14/2011Melkior to Resume Drilling at Carscallen Gold Project in Wes...
11/4/2009 Intersects 118.20 Metres Grading 1.03 g/t Gold at Golden Ri...
10/28/2009Drilling Extends North Zone Gold System, Returns Multiple Hi...
7/6/2009(Thorne Property)Intersects 11.15 g/t (0.33 oz/t) Gold Over 7.30 Metres (23.9...
6/25/2009(Thunder Creek)Red Pine Exploration Updates Location Map of Costello Proper...
6/24/2009(Thunder Creek)Intersects 83,40 metres grading 12,75 g/t
6/9/2009(West Timmins)Third and Fourth Drills Added onWTM's Thunder Creek Gold Pro...
3/10/2009WTM INTERSECTS 60.50 METRES GRADING 1.03 g/t GOLD IN EXPANSI...
1/21/2009(West Timmins)DRILLING PROGRAM ACCELERATED ONWTM?S THUNDER CREEK GOLD PROP...
12/2/2008WTM REPORTS NEW HIGH GRADE INTERCEPTS FROM THE GOLDEN RIVER ...
11/27/2008(La Bufa)WTM To Seek New Partner for La Bufa Gold-Copper-Silver Proje...
11/24/2008(Allerston)WTM VESTS 51% INTEREST IN ALLERSTON GOLD PROPERTY,TIMMINS, O...
11/19/2008High Grade Rusk Gold Discovery in 3D - New Video on The Webs...
11/3/2008(Montaña De Oro)WTM VESTS 100% INTEREST INMONTA=D1ADE ORO PROJECT, SONORA, M...
9/9/2008(Lluvia De Oro)UNDERGROUND SAMPLING RETURNS AVERAGE GRADE OF 4.65 g/t GOLD,...
8/25/2008(Montaña De Oro)INTERSECTS MULTIPLE GOLD-SILVER ZONES? LA VIOLETTA OPTION=2C...
8/5/2008(Thunder Creek)22,000 Metre Diamond Drill Program Commences On WTM's Thunde...
5/28/2008(Montaña De Oro)INTERSECTS COPPER MINERALIZATION OVER 267 METRES AT MONTAÑA ...
5/13/2008(Montaña De Oro) Secures Surface Rights and Access for Exploration and Futur...
4/15/2008(Yoquivo) Retain 100% Interest in Yoquivo Gold-Silver Project
3/31/2008(Thunder Creek)Reports 8.57 g/t Gold Over 9.00 Metres from Follow-Up Drilli...
3/3/2008(La Dura West) Intersects 21.23 metres grading 1.03 g/t Gold at La Dura We...
2/14/2008(La Dura West) Intersects Additional Porphyry-style Copper-Gold-Silver Min...
2/13/2008(La Dura West)Intersects 16.64 Metres Grading 5.87% Zinc, 0.58% Copper, 20...
1/29/2008(La Dura West) Extends La Dura East Mineralized System to Three Kilometres
1/9/2008(Montaña De Oro)Drilling Returns 44.60% Zinc from WestTimmins? La Dura West ...
11/28/2007(La Dura West)Reports Highest Grade, Widest Intercepts to Date From La Dur...
10/18/2007(La Dura West) Intersects Zinc-Rich Massive Sulphide Mineralization at La ...
10/17/2007Identifies High Grade Copper-Silver Vein System at La Bufa; ...
9/25/2007(Montaña De Oro)Montañade Oro Project Update, Sonora, Mexico
9/6/2007Reports New High Grade Gold Discovery at Thunder Creek Prope...
8/1/2007High-Grade Gold Intersected on WestTimmins?Thunder Creek Pro...
6/14/2007(Montaña De Oro)Reports 18.35 Metres Grading 5.15% Zinc, 0.45% Copper, 25.65...
6/12/2007Intersects Gold-Silver Mineralization at Yoquivo
5/29/2007(Montaña De Oro)Intersects Lead-Zinc Mineralization Over 95.75 Metres atMont...
4/26/2007Intersects Massive Sulphide Zone atMontañade Oro
3/28/2007Intersects High Grade Gold Mineralization from 4800 Zone, Th...
3/20/2007(Montaña De Oro)Adds Second Drill on Montaña de Oro Project, Mexico; Announc...
Corporate news of West Timmins Mining Inc.
11/5/2009Shareholders Approve Business Combination Agreement With Lak...
10/22/2009RiskMetrics Group and Glass Lewis & Co=2E
9/4/2009 Announces Record and Voting Dates for...
8/25/2009Acquires 10 Additional Properties in the West Timmins Gold D...
8/17/2009WTM Announces Approval of Shareholder Rights and Stock Optio...
7/29/2009New Link to BNN Interview
7/28/2009WTM President Interviewed on Recent Spectacular Drilling Res...
7/10/2009WTM VESTS 100% OWNERSHIP OF LLUVIA DE ORO GOLD-SILVER PROJEC...
6/26/2009Names New Director
6/24/2009Adopts Shareholder Rights Plan
6/11/2009Announces No Material Change
1/30/2009Announces First Closing of Private Placement at $2.5 Million
12/22/2008New 3-D model of Rusk Gold Zone, Thunder Creek available on ...
12/16/2008 REPORTS 11.20 g/t GOLD OVER 10.40 METRES AT THUNDER CREEK, ...
12/16/2008WTM REPORTS 11.20 g/t GOLD OVER 10.40 METRES AT THUNDER CREE...
11/6/2008WTM REPORTS 40.75 METRES GRADING 1.88 g/t GOLD, 18.29 g/t SI...
9/29/2008EXTENDS LA DURA COPPER ZONE TO OVER 1,000 METRES,MONTA=D1ADE...
9/22/2008MULTIPLE ZONES OF GOLD MINERALIZATION INTERSECTED ON WTM'S T...
9/5/2008ON THE CUTTING EDGE OF GOLD EXPLORATION RESEARCH"
9/4/2008FINALIZES SURFACE RIGHTS ACCESS AGREEMENT?LLUVIA DE ORO, MEX...
8/19/2008A PICTURE IS WORTH A THOUSAND WORDS – THUNDER CREEK
8/12/2008EXPANDS MANAGEMENT TEAM
8/5/200822,000_Metre_Diamond_Drill_Program_Commences_On_Wtm=92s_Th?=...
7/8/2008ACQUIRES 325,000 HECTARES ALONG CAMINO ROJO – PEÑASQUITO – U...
5/21/2008Warrant Exercise and Property Sale Generate $874,000
4/10/2008Intercepts Continue to Expand WTM’s La Dura Discovery
2/20/2008Prominent Gold Miner Makes Major Investment in West Timmins ...
2/7/2008Drilling Extends Pond and West Gold Zones, West Timmins Gold...
1/7/2008Plans an Active 2008
12/19/2007Vends Trout Bay Option Position
12/4/200724.61 Grams Gold Per Tonne Intersected Over 7.0 Metres on We...
12/4/2007and Trelawney Resources Expand La Bufa Copper-Gold Project, ...
11/15/2007 to Initiate Drilling on Highway 144 Gold Property, Timmins,...
10/15/2007Drilling on WTM's Yoquivo Project Continues to Intersect Sil...
9/20/2007Launches New Website on First Anniversary
9/13/2007Continues to Intersect Gold Mineralization on Thorne Propert...
7/18/2007 Acquires One ofMexico?sHighest Grade Historic Gold Producer...
7/11/2007Gold Project Exploration Update
6/28/2007Acquires Carlin Trend Analogue in Central Mexico
6/26/2007Expands La Dura East Discovery
5/1/2007- Underground Development Begins in West Timmins District
4/11/20075 Drills Turning on WTM Gold Projects
4/5/20078,000 Metre Drill Program Begins on West Timmins’ Thunder Cr...
3/13/2007Potential on Thunder Creek
3/6/2007Drilling in Canada and Mexico Continues to Intersect Gold Mi...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (WTM.TO)OTHER OTC (WTMNF)
3.01-0.66%2.94+3.14%
Last quotes and information before delisting
Prev close Open
3.03 3.11
Low High
3.01 3.18
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  3.01 -%
Volume 1 month var.
797,114 -%
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 9/30/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.73-1.90%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.03-2.04%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.56-3.12%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.40-3.61%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.23-1.17%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.73+0.29%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.08-1.14%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+3.03%Trend Power :