WTM DISCOVERS LARGE NEW
GOLD SYSTEM ON HWY 144 PROPERTY,
TIMMINS,
ONTARIO
Gold
mineralization intersected over 16.10 metres, immediately south of Thunder
Creek Joint Venture
Vancouver, February 18,
2009) West Timmins
Mining Inc. (TSX: WTM) (the "Company") announces the discovery of
a new gold mineralized system on its 100%
owned Hwy 144 Property in Timmins, Ontario. Drilling has intersected a new,
16.10 metre wide zone of gold mineralization grading 1.11 g/t gold in hole Hwy 08-05. This new gold discovery is located along the same trend which hosts the Company's high grade Rusk Gold Zone and
the 1.3 million ounce Timmins West gold deposit. The new discovery,
intersected at a vertical depth of only 28 metres, is hosted by a porphyritic syenite
intrusion, similar to the one which hosts the high-grade gold
mineralization recently intersected at a depth of 550 metres in the Rusk
Zone (11.20 g/t gold over 10.40 metres; NR08-33, Dec. 16, 2008). Initial shallow
drill testing of the Rusk Gold Zone returned similar grades and thicknesses
(0.82 g/t gold over 25.8 metres; hole TC03-06) to those reported here
from the Hwy 144 Property.
The new 144 Syenite discovery is located proximal to the same
sediment-ultramafic contact along which the
Timmins West gold deposit and the Company's high-grade Rusk Gold Zone, 1800
metres to the northwest, are centred. Anomalous gold mineralization
was also intersected in hole Hwy 08-03, collared
450 metres to the northwest of hole -05, again in association with a porphyritic syenite
intrusion. Nine additional drill holes have now been completed in the
vicinity of the new discovery and are in the process of being logged,
sampled and assayed.
"We are very
encouraged by the width of this newly discovered gold system, it's location
along the key sediment-ultramafic contact and the
obvious comparisons to the nearby Rusk Gold Zone and Timmins West
deposit," said Darin Wagner, President and CEO of West Timmins Mining
Inc. "These results indicate that the syenite
body related to the recent high-grade results at Rusk, and the new
discovery on our 100% owned Hwy 144 Property, may be much more extensive
than initially thought opening up a great deal of additional exploration
potential in the West Timmins District."
Many of the larger gold
deposits, including the multi-million ounce McIntyre, Hollinger and Dome
deposits, in the Timmins Gold Camp are spatially associated with porphyritic intrusions similar to the host to the new
discovery on the Hwy 144 Property and the deeper intersections from the
Rusk Zone. The increasing evidence for a spatial relationship between gold
mineralization and porphyritic intrusions in the
West Timmins District is therefore seen as a very positive development and
has significant exploration implications for the District where the Company
is the dominant land holder.
The Hwy 144 Property straddles regional highway
144 and forms part of the Company's 114 square kilometre West Timmins Gold
Project centred 18 kilometres east of Timmins, Ontario. The Timmins Gold
Camp is North America's most prolific gold camp having produced over 70
million ounces of high-grade gold mineralization.
The Timmins Camp is celebrating the 100th
anniversary of gold discovery during 2009.
Quality Control and Assurance
Geochemical results reported are
from halved drill core samples collected from the Hwy 144 Property, part of
the Company's West Timmins Gold Project. Sampling was conducted by
employees of the Company on site at WTM's
exploration office in Timmins, Ontario. Sealed samples were transported to
ALS-Chemex's preparation facilities in Timmins,
Ontario by WTM staff. Samples were assayed for gold by standard fire
assay-ICP finish with a 30 gram charge. The anomalous gold intercept in hole Hwy 08-05 was re-analyzed by fire assay with
gravimetric finish and produced similar results to the initial ICP assays. 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 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 intervals reported and has verified that there were no
significant discrepancies with respect to the quality control samples.
About West Timmins Mining Inc. (www.westtimminsmining.com):
WTM
is focussed on the exploration and development of district-scale gold and
related base metal projects in the major gold camps of North America. The
Company is advancing the high-grade Rusk Gold discovery on its Thunder
Creek joint venture in Timmins, Ontario where it is currently in the midst
of a 22,000 metre diamond drill program. WTM also has active gold
exploration projects in Mexico, highlighted by the high-grade Lluvia de Oro gold-silver Project in Chihuahua State
and the Monta�a de Oro Project in Sonora. West
Timmins Mining is based in Vancouver, British Columbia, Canada and trades
on the Toronto Stock Exchange under the symbol WTM.
-30-
On
behalf of the Board of
West
Timmins Mining Inc.
"Darin
W. Wagner"
Darin W. Wagner
President and Chief Executive Officer
For
further information contact:
John Toporowski, Manager, Investor Relations
West Timmins Mining Inc., Vancouver
Tel: (604) 685-8311 / Toll Free: (866) 685-8311
E-mail: jtoporowski@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 details on West Timmins Mining Inc. please refer to prior
disclosure at http://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.
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