|
VANCOUVER,
BRITISH COLUMBIA--(Marketwire - Oct. 28, 2009) -
- Highlights include 7.67 g/t gold over 4.50 metres
- Seven separate gold bearing structures intersected over 325 metres
strike length
- High-grade 4500 (NL2) Zone also extended
West Timmins Mining Inc. (TSX:WTM) ("WTM" or the
"Company") today announced that recently completed drilling
has confirmed the presence of multiple gold-bearing structures along
the North Zone gold trend and has successfully intersected the
mineralized system for over 325 metres along strike. All seven gold
mineralized structures identified to date remain open down dip, and in
several cases they remain open along strike for further expansion. The
North Zone Trend is located on the Company's 100% owned Thorne
Property, part of the West Timmins Gold Project, in Timmins, Ontario.
Highlights from the most recent drill program include intercepts of
7.67 g/t gold over 4.50 metres, including 17.55 g/t gold over 1.50
metres, and 8.01 g/t gold over 1.10 metres from the 4500 (or North
Lower (NL) 2) Zone and 12.64 g/t gold over 0.60 metres, 6.31 g/t over
0.90 metres and 3.37 g/t over 6.10 metres from the North Zone (see
table below). These results continue to confirm the high-grade nature
of both of these mineralized structures which have been significantly
extended by the current program.
North Zone Gold Trend Results
---------------------------------------------------------- Hole From To Interval Gold Number Section(metres)(metres) (metres) (g/t) Zone ---------------------------------------------------------- GS-09-33 4325 E 263.00 318.00 46.00 0.61 NU2 387.00 388.60 1.60 2.33 North 443.60 447.00 3.40 2.07 including 446.60 447.00 0.40 7.06 459.50 464.00 4.50 7.67 4500 (NL2) including 459.50 461.00 1.50 17.55 522.50 524.00 1.50 6.38 NL3 ----------------------------------------- Terminated above NL3 ---------------------------------------------------------- GS-09-36 4450 E 97.00 98.00 1.00 1.84 North ----------------------------------------- Terminated above NL1, NL2, NL3 ---------------------------------------------------------- GS-09-37 4475 E 75.90 76.80 0.90 6.31 North 95.50 96.20 0.70 4.83 NL1 138.30 139.00 0.70 9.43 156.90 158.00 1.10 8.01 4500 (NL2) ---------------------------------------------------------- GS-09-38 4475 E 25.10 26.90 1.80 6.39 NU2 144.50 147.00 2.50 1.87 North 159.10 160.00 0.90 6.79 NL1 290.00 291.00 1.00 2.54 4500 (NL2) ---------------------------------------------------------- GS-09-39 4525 E 30.50 31.30 0.80 2.57 NU2 86.00 87.00 1.00 1.54 North 110.00 113.00 3.00 5.38 NL1 173.00 174.00 1.00 3.19 4500 (NL2) ---------------------------------------------------------- GS-09-40 Lost in Overburden ---------------------------------------------------------- GS-09-41 4325 E 54.80 65.00 10.20 1.28 NU2 211.00 212.00 1.00 1.58 North 248.80 249.50 0.70 9.69 4500 (NL2) 315.50 316.00 0.50 0.67 NL3 ---------------------------------------------------------- GS-09-42 4150 E Collared in Footwall to North Zone ----------------------------------------- 101.00 103.00 2.00 2.09 4500 (NL2) ---------------------------------------------------------- GS-09-43 4200 E 26.00 32.00 6.00 0.61 NU2 68.00 69.50 1.50 5.58 NU1 88.80 92.50 3.70 3.81 North including 89.50 90.10 0.60 12.64 ----------------------------------------- Terminated Above NL2 and NL3 ---------------------------------------------------------- GS-09-44 4200 E 99.00 105.10 6.10 3.37 North including 101.00 102.00 1.00 6.88 231.70 237.50 5.80 3.62 4500 (NL2) including 235.00 236.00 1.00 5.55 ---------------------------------------------------------- GS-09-45 4475 E Collared in Footwall to North Zone ----------------------------------------- 91.00 96.00 5.00 1.45 4500 (NL2) ---------------------------------------------------------- (i) Due to uncertainties in zone orientations, true widths are not known at this time; all values are uncut.
Drilling
has now traced, at shallow depths, seven (North Upper (NU) 3, NU2, NU1,
North, North Lower (NL1), NL2 and NL3) sub-parallel gold mineralized
structures along the North Zone Trend. Based on these results and the
reinterpretation of historic data the NL2 Zone appears to correlate
with the historic high-grade 4500 Zone on the Thorne Property. The
North and 4500 (NL2) Zones are the most continuous and highest grade of
the seven gold mineralized structures and both typically occur in the
hanging wall to quartz-feldspar porphyry dykes. The majority of the holes
completed during the current program were collared in the footwall to
the NU3 structure.
Steeply plunging chutes of greater grade/thickness appear to be located
at flexures or folds along these generally east-west striking zones. In
addition to the results reported today a significant amount of historic
drill data is present along North Zone Trend which allows the tracing
of the gold mineralized structures to vertical depths of 250 to 400
metres. All zones remain open to depth.
Additional drill results remain pending from the Thorne, Wakemac and
Beach (Probe Option) Properties in Timmins.
Quality Control and Assurance
Geochemical results reported are from halved drill core samples
collected from WTM's 100% owned Thorne Property, part of the Company's
West Timmins Gold Project. Core samples were collected by employees and
consultants in the employ of the Company and are subject to the
Company's quality control program. Sampling was conducted on site at
the Company's exploration office in Timmins, Ontario and sealed samples
were transported to Swastika Labs preparation facilities in Swastika,
Ontario for the North Zone results reported. Samples were assayed for
gold by standard fire assay- ICP finish with a 30 gram charge. Gold
values in excess of 3.0 g/t were re-analyzed to confirm
reproducibility. The remaining half of the drill core is stored on-site
at the Company's Timmins exploration office.
For quality control purposes blank, duplicate and analytical control
standards were inserted into the sample sequence at irregular
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
intervals reported and, has verified that the reported results meet the
Company's quality control standards.
About West Timmins Mining Inc. (www.westtimminsmining.com):
WTM is focussed on the exploration and development of district-scale
gold projects in the major gold camps of North America. On August 27,
2009 the Company announced that it had entered into a Business
Combination Agreement with Lake Shore Gold Corp. (LSG:TSX) whereby,
pending shareholder approval, all of the outstanding shares of West
Timmins Mining will be exchanged for shares of Lake Shore Gold at a
ratio of 0.73 of a share of Lake Shore Gold for every 1 share of WTM
held. Upon the successful completion of the Business Combination
Agreement, West Timmins Mining will become a wholly owned subsidiary of
Lake Shore Gold and the combined companies will control a dominant land
position, consisting of over 125 square kilometres of mineral
exploration and development rights, in the quickly emerging West
Timmins Gold District.
On behalf of the Board of West Timmins Mining Inc.
Darin W. Wagner, President and Chief Executive Officer
For further details 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" 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.
|