West Timmins Mining Acquires Carlin Trend Analogue in Central Mexico
(Vancouver, June 28, 2007) West Timmins Mining Inc. (TSX: WTM) announced today that it has acquired, through staking and option agreement, the Company's new 510 square kilometre Universo Gold Project located in San Luis Potosi State, Mexico. The Universo Project covers a 28 kilometre long belt of gold occurrences in a geologic and tectonic setting analogous to the prolific Carlin Gold Trend of Nevada, U.S.A.
Sampling and compilation by WTM, completed as part of its due diligence investigations, has identified in excess of 70 auriferous jasperoid occurrences throughout the Universo District. Individual occurrences within the project area have returned gold values ranging from 100 to 7,750 ppb (7.75 g/t gold). Systematic mapping and sampling of the known prospects are underway and will be supplemented with geochemical and geophysical programs as the Company moves toward defining targets for drill testing.�����
"We are very pleased to add another highly prospective, district-scale gold project to our Mexican property portfolio," said Darin Wagner, President and CEO of West Timmins Mining Inc. "The similarities between the Universo District and one of the most prolific gold producing regions in world are striking. Our initial investigations suggest potential for the development of large, disseminated 'Carlin-type' gold deposits throughout the project area."
Gold mineralization in the Universo Project area is associated with carbonate-hosted jasperoid occurrences anomalous in antimony-arsenic-mercury-thallium - key geochemical indicators of "Carlin-type" mineralization. Similar auriferous jasperoid occurrences commonly form the high level or lateral expressions of the massive disseminated gold deposits of the Carlin Trend in Nevada. In both the Universo and Carlin districts gold mineralization occurs along, or in close proximity to, a series of regional-scale extensional fault structures.
The majority of the Universo Project (447 square kilometres) was acquired by staking and is 100% owned by West Timmins' wholly owned Mexican subsidiary Minera Golondrina, S. de R.L. de C.V. ("Golondrina"). This portion of the project is subject to a 1.5% NSR royalty payable to Minera Cascabel S.A. de C.V. ("Cascabel") for their role in the development and acquisition of the project.
Under the terms of an option agreement between� WTM (acting on behalf of Golondrina) and Cascabel the Company can earn a 100% interest in the San Martin property, which forms the balance of the Universo Project, by making cash payments of US $255,000 ($5,000 on regulatory acceptance and an additional $250,000 any time within 60 months of the acceptance date) and issuing 300,000 common shares (200,000 shares within 5 days of the acceptance date and 100,000 shares within 12 months of the acceptance date). The San Martin property is also subject to a 1.5% NSR royalty. In addition, upon commencement of commercial production from the combined Universo Project holdings, a payment of 300,000 common shares shall be issued to Cascabel. The San Martin property acquisition is subject to regulatory approval.
Quality Control and Assurance
Geochemical results reported from the Universo Project are for grab samples collected from mineralized outcrops, prospect pits and dumps within the project area. Field samples are sealed on site in the field by trained personnel and transport to ALS-Chemex's preparation facilities in either Chihuahua or Hermosillo, Mexico by employees of consulting firm Minera Cascabel S.A. de C. V. on behalf of West Timmins Mining. Samples were assayed for gold by standard fire assay- ICP finish with a 30 gram charge. Samples additionally underwent 34 element ICP-MS analysis. For quality control purposes blank, duplicate and analytical control standards are typically inserted into the sample sequence at irregular intervals and no significant discrepancies are reported. Mr. Darin Wagner (M.Sc., P.Geo), the Company's President, has acted as qualified person for this news release. The qualified person has visited the project, examined a number of the known mineral occurrences within the project area and reviewed the quality control data from the project.
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About West Timmins Mining Inc - (www.westtimminsmining.com):
West Timmins Mining Inc. is focused on exploring and developing district scale gold and related base metal projects in North America. The Company current has 5 drills turning on its gold projects in Canada and Mexico. WTM is the largest land holder in the emerging West Timmins gold district, adjacent to the 70 million ounce Timmins Gold Camp in Ontario, Canada. In the Sierra Madre Belt of Mexico the Company has recently announced a number of promising gold and base metal discoveries on its 100% Monta�a de Oro Project including the La Dura polymetallic discovery. West Timmins is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.
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 Elaine Einarson, Manager, Corporate Development, Toll Free at 1.866.685.8311 or by e-mail at info@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" 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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