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NWM is pleased to announce that the 2011
exploration program has begun this week at the Company's Campamento
exploration area. This is an area south of the proven and probable gold
reserve currently defined at the La Jojoba northeast zone.
Campamento is
highly-prospective for gold mineralization and has specific target areas
identified by an enzyme leach soil geochemical study conducted in 2010.
Previous soil geochemical anomalies and several historic workings also
provide evidence of the excellent potential for resource discoveries at Campamento.
Field
work began this week and consists of mapping existing geological features and
historic workings as well as the further collection of surface samples.
Engineering support is being provided for the design and construction of
roads across the Campamento area, which will
facilitate access by exploration drills and geological teams. Construction
support has been mobilized to provide a small exploration office, a drill
maintenance shop and utilities.
Contracts
have been issued for a road building and exploration drilling program. The
drilling is scheduled to begin on Feb 14, 2011,
and will extend over 2-3 months. The initial contracts are for 4,000
meters of reconnaissance drilling, with holes designed to probe specific
target areas. The data from this initial drilling will guide the siting of diamond drill holes to further test any
mineralized zones that are detected.
The Campamento Exploration program is being directed by Esteban Dominguez, Chief Exploration Geologist for Minera Columbia de Mexico
SA de CV (MCM). MCM holds title to all mineral claims covering and
surrounding the Campamento area and the adjacent Lluvia-Jojoba Project. MCM is a 100% owned subsidiary of
NWM Mining Corporation.
La Jojoba
and Campamento zone to the south - Lluvia de Oro to the east
http://www.nwmcorp.ca/images/map0911.jpg
This
press release has been prepared by R. Bruce Thorndycraft,
COO.
CAUTIONARY
STATEMENT ON FORWARD-LOOKING INFORMATION
This news
release includes "forward-looking information",
as such term is defined in applicable securities laws. Forward-looking
information includes, without limitation, the success of exploration
activities, price outlooks, production expectations and other similar
statements concerning anticipated future events, conditions or results that
are not historical facts. These statements reflect management's current
estimates, beliefs, intentions and expectations; they are not guarantees of
future performance. The Company cautions that all forward looking information
is inherently uncertain and that actual performance may be affected by a
number of material factors, many of which are beyond the Company's control.
Accordingly, actual future events, conditions and results may differ
materially from the estimates, beliefs, intentions and expectations expressed
or implied in the forward-looking information. All statements are made as of
the date of this news release and the Company is under no obligation to
update or alter any forward-looking information.
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy of this release.
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