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Re: News Release - Thursday, October 25, 2007
Tiomin Increases Measured & Indicated Copper & Gold Resources at
Pukaqaqa Project, Peru
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Toronto, Canada - October 25, 2007: Tiomin Resources Inc. ('Tiomin' or
the 'Company') (TSX: TIO) is pleased to announce a significant increase
in measured and indicated resources at its 49% owned Pukaqaqa
copper-gold project ('the Project') located in central Peru.
Measured resources increased by 36 million pounds of copper (+1,470%)
and 6,700 ounces of gold (+1,360%) and indicated resources by 975
million pounds (+483%) and 241,500 ounces (+630%) respectively, for a
combined increase of one billion pounds of copper (+508%) and 249,000
ounces of gold (+640%).
The resource increase results from the successful 16,218m Phase 3
drilling program completed by 51% owner/operator Compa�ia Minera Milpo
S.A. ('Milpo'), a well-respected Peruvian mining company, announced on
May 9, 2007. The Project's new resources are:
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Total
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Resource Cut-off Tonnes Cu Au Mo Ag
Category * Cu (%) (000) (%) (g/t) (ppm) (g/t)
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Measured 0.3 2,793 0.62 0.08 78 1.64
0.4 2,190 0.70 0.09 73 1.74
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Indicated 0.3 96,355 0.55 0.09 108 1.69
0.4 62,867 0.66 0.10 106 1.78
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Measured &
Indicated 0.3 99,147 0.56 0.09 107 1.69
0.4 65,056 0.67 0.10 105 1.78
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Inferred 0.3 58,662 0.60 0.11 106 2.30
0.4 39,014 0.73 0.13 101 2.47
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* Tiomin's interest is 49%. See additional information:
http://www.tiomin.com/i/pdf/2007-10-25_NRT.pdf
At a 0.3% cut-off, measured resources are 38 million pounds of copper
and 7,200 ounces of gold and indicated resources are 1,176 million
pounds and 279,700 ounces respectively. Total measured and indicated
resources are 1.22 billion pounds of copper and 287,000 ounces of gold
and inferred resources are 776 million pounds and 209,000 ounces
respectively. The resource increase represents both the upgrading of
inferred resources and the addition of new resources. Inferred
resources are now 37% of total resources versus 87% previously.
Tiomin and Milpo are currently evaluating the economic potential of the
Project, which benefits from being close to existing infrastructure, in
an environment of potentially sustained higher copper prices. Tiomin
is not aware of any permitting, legal, title, taxation,
socio-political, marketing or other issues which may materially affect
this estimate of mineral resources.
The Project exploration program is being managed by Mr. Jorge
Hinostroza, Exploration Manager for Milpo. Mr. Robbert Borst,
Vice-President, Project Development for Tiomin, a Qualified Person
within the meaning of National Instrument 43-101, has verified and
approved the data disclosed in this release. Met-Chem Canada Inc, a
Montreal-based consulting firm, prepared the National Instrument 43-101
resource evaluation which Tiomin will file on SEDAR. All core samples
were assayed by Actlabs Skyline Peru SAC (subsidiary of Activation
Laboratories Ltd.), which is ISO 9001:2000 certified.
For further information please contact (416) 350 3779 or visit
www.tiomin.com:
Jean-Charles Potvin
Executive Chairman
Ext. 227
Robert Jackson
President & CEO
Ext. 230
Joyce Misoi,
Project Coordinator, Investor Relations
Ext. 233; jmisoi@tiomin.com
Certain of the information contained in this news release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
View News Release in PDF Format:
http://www.tiomin.com/i/pdf/2007-10-25_NR.pdf
95 KB in size, approx. 19 seconds to download at 56.6Kbps
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Copyright (c) 2007 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
Message sent on Thu Oct 25, 2007 at 6:35:26 AM Pacific Time
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