 | | | Publié le 28 février 2007 | NI 43-101 Technical Report & Resource Estimate the San Francisco Gold Property, Sonora, Mexico |
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NI 43-101 Technical Report & Resource Estimate the San Francisco Gold Property, Sonora, Mexico
Wednesday, February 28, 2007
Timmins Gold Corp. has filed an independent Technical Report to support the Mineral Resource estimate disclosed by the Company on January 18, 2007. The Report was prepared by William J. Lewis, B.Sc., P.Geo. of Micon International Limited of Toronto, and Michael G. Hester, FAusIMM, Vice President and Principal Mining Engineer for Independent Mining Consultants Inc. of Tucson, Arizona, both independent Qualified Persons.
As reported in the January 18, 2007 release the estimate was prepared using current CIM definitions for mineral resources as required by National Instrument 43-101. The mineral resource, based on a US$500 per ounce gold floating cone with 64% recoveries, US$1.00 per tonne mining cost (reflecting projected owner mining costs) and 0.23 g/t gold cutoff grade is:
| Resource Classification | Ore (million tonnes) | Grade (g/t Au) | Gold (thousand troy oz) |
| Measured Mineral Resource | 5.35 | 0.91 | 156.9 |
| Indicated Mineral Resource | 22.30 | 0.78 | 559.9 |
| Total Measured + Indicated | 27.65 | 0.81 | 716.8 |
| Inferred Mineral Resource | 2.51 | 0.79 | 63.5 |
The mineral resource estimate is based on a total of 116,000 meters of core and reverse circulation drilling from 1,133 holes completed by both Timmins and previous operators.
In addition to making several recommendations for moving the project forwards to pre-feasibility the Report concludes that the property should be regarded as an advanced-stage project which may have a significant economic potential and that Micon supports the concepts outlined by Timmins for further exploration.
The Report is available on SEDAR and at the Companies website www.timminsgold.com Copies of the Report are also available from the Company's offices in Vancouver, B.C. and Hermosillo, Mexico.
Qualified Person
Pursuant to National Instrument 43-101, Darcy Krohman, P.Geo., C.A,. Senior Vice-President and CFO of Timmins Gold Corp. is the Qualified Person (QP) responsible for the disclosure in this news release. Field work has been conducted by Timmins Gold Corp. employees and contractors.
For Further information, contact:
Bruce Bragagnolo, LLB.,
Director
Vancouver, BC, Canada
Tel: 604-417-9517
bruce@timminsgold.com
Darcy Krohman, P.Geo., C.A.
Senior Vice-President & CFO
Vancouver, BC, Canada
Tel: 604-682-4002
darcy@timminsgold.com
For Investor Relations, contact:
Derek Thomson
Director, Corporate Development
Vancouver, BC, Canada
Tel: 604-682-4002
derek @timminsgold.com
Leighton Bocking
Investor Relations
Vancouver, B.C., Canada
Tel: 604-682-4002
leighton@timminsgold.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect out current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.
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Resource Mining Corporation Limited
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CODE : RMI.AX |
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ISIN : AU000000RMI5 |
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Resource Mining Corp. est une société basée en Australie. Resource Mining Corp. détient divers projets d'exploration en Australie. Son principal projet en exploration est RAVENSTHORPE (FE) en Australie. Resource Mining Corp. est cotée en Australie. Sa capitalisation boursière aujourd'hui est 5,6 millions AU$ (3,8 millions US$, 3,5 millions €). La valeur de son action a atteint son plus bas niveau récent le 03 juillet 2015 à 0,00 AU$, et son plus haut niveau récent le 24 juin 2022 à 0,19 AU$. Resource Mining Corp. possède 296 269 984 actions en circulation. |
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