West Timmins Mining Plans an Active 2008 (Vancouver, January 7, 2008) West Timmins Mining Inc. (TSX: WTM) will resume drilling on three
important new discoveries with five drills on four properties in Canada and Mexico
within the next two weeks. Follow-up and step out drilling campaigns on these
discoveries highlight WTM's exploration plans for 2008. The Company provides
the following updates and summary of its exploration activities:
New Discoveries
Canada Thunder Creek Property (Gold), West Timmins Gold
Project, Timmins, Ontario
- Target: High-grade mesothermal gold
deposits
- Highlights: 24.61 g/t gold over
7.0 metres in hole TC07-36 (NR07-41, December 4, 2007) and 12.01 g/t gold over
3.10 metres in hole TC07-30 (NR07-28, September 6, 2007)
- Activity: 2 drills to resume
drilling mid-January
- Pending Results: 5 holes
pending
- Ownership: Joint Venture - �40% West Timmins Mining, 60% Lake Shore Gold (TSX:
LSG)
Mexico La Dura West Zone (Zinc-Copper-Gold-Silver), Monta�a
de Oro Project, Sonora
- Target: High-grade
zinc-copper-gold-silver deposits; disseminated gold(+/-copper) deposits
- Highlights: 6.05% zinc,
0.94% copper, 51.48 g/t silver and 0.80 g/t gold over 31.16 metres grading
in hole LD07-15 (NR 07-39, November 28, 2007)
- Activity: Drill testing
extensions of this near surface discovery
- Pending Results: 8 holes
pending from La Dura West Area
- Ownership: 100%
West Timmins Mining
La Dura East Zone
(Zinc-Lead-Silver), Monta�a de Oro Project, Sonora
- Target: Bulk tonnage zinc-lead-silver
skarn/breccia deposits
- Highlights: 3 kilometre
long mineralized trend with drill intercepts including� 2.51% combined lead + zinc, 8.81 g/t
silver over 95.75 metres in hole LD07-01 starting at surface (NR07-16, May
29, 2007)
- Activity: Ongoing drill
testing includes follow-up holes in discovery area and northern extension of
La Dura East trend
- Pending Results: 8 holes
pending
- Ownership: 100%
West Timmins Mining
West
Timmins Mining holds large land positions in both Canada and Mexico that
surround these new discoveries with multiple targets, many of which have
initial drill intercepts identified for active follow-up. The Company controls
large project positions, including former producing high-grade gold-silver mines
which are being prepared for modern exploration and drill testing in 2008.
Canadian Exploration Projects
West Timmins Gold Project (Gold), Ontario, Canada
The West Timmins Gold Project covers 114 square kilometres of the
western extension of North America's number one gold producing camp - the 70
million ounce Timmins Gold Camp. The West Timmins Gold Project is comprised of ten
individual properties which completely surround the Timmins Camp's latest million
ounce gold discovery. WTM's land holdings host 35 known zones of gold
mineralization, including the new Thunder Creek gold discovery and the Golden
River Zone.
Thunder Creek Property (Gold) -
see New Discoveries
Thorne Property (Gold)
- Target: High-grade and
bulk tonnage mesothermal gold deposits
- Highlights: 5.0 kilometre
long Golden River Zone which hosts a near-surface NI43-101 compliant
inferred gold resource of 400,000 ounces (4.0 mT @ 3.0 g/t; Band-Ore
Resources, 1998)
- Status: Results pending
from recent testing of the high-grade Pond, No.14 and bulk tonnage West
Zones
- Pending Results: 16 holes
pending
- Ownership: 100% West
Timmins Mining
Hwy 144 Property (Gold)
- Target: High-grade mesothermal
gold deposits
- Highlights: 8.0 metres
grading 1.05 g/t gold discovered in setting similar to Thunder Creek and
Timmins West gold discoveries (NR07-01, January 18, 2007)
- Status: Currently drill
testing western extension of this discovery
- Pending Results: 2 holes
pending
- Ownership: 100% West
Timmins Mining
Mexican Exploration Projects
Monta�a de Oro Project (Gold-Silver-Copper-Zinc), Sonora,
Mexico
This 100% owned property position was won at auction from the Mexican Government
in 2004 after being held in the country's national mineral reserve for more
than 20 years.� The 585 square kilometre
Monta�a de Oro Project is located in the heart of the Sierra Madre Belt, one of
the world's most active exploration regions. Located 15 kilometres south of the
Coeur d'Alene Mines' Palmarejo silver-gold deposit and 50 kilometres east of
Goldcorp's El Sauzal gold-silver mine, the Monta�a de Oro Project hosts a
number of zones of gold-silver and polymetallic mineralization. The Project
area also covers the source region for one of the largest and richest placer
gold districts in Mexico.
La Dura East
(Zinc-Copper-Silver-Gold) - see New
Discoveries
La Dura West (Zinc-Lead-Silver)
- see New Discoveries
Zataque Zone (Gold-Silver)
- Target�: Bulk tonnage
gold-silver deposits
- Highlights: Surface
gold and silver anomalies associated with a 1600 metre long by 1000 metre
wide induced polarization anomaly
- Activity: Currently
drill testing
- Pending Results: 2
holes pending
- Ownership:
100% West Timmins Mining
La Violetta/Don Pancho Zone (Gold-Silver)
- Target�: Epithermal
gold-silver vein deposits
- Highlights: 7.36 g/t
gold, 563 g/t silver over 6.0 metres in underground sampling on main
Violetta vein (NR07-35, November 8, 2007) and 35.60 g/t gold , 93 g/t
silver over 1.45 metres in hole DP07-06 from Don Pancho (NR07-30,
September 25, 2007)
- Activity: Mapping in
preparation for further drill testing in first quarter 2008
- Pending Results: No
results pending
- Ownership:� La Violetta - West Timmins Mining has an
option to earn 70% from MacMillan Gold (TSXV: MMG); Don Pancho - 100% West
Timmins Mining
El Rodeo (Gold-Silver)
- Target:� Epithermal gold-silver breccia/vein
deposits
- Highlights: Breccia
system traced for over 1,000 metres; hole ER06-01 returned 4.58 metres
grading 9.58 g/t gold, 122 g/t silver (NR07-15, April 26, 2007)
- Activity: Additional
drill testing planned for second quarter 2008
- Pending Results: 17
holes pending
- Ownership: 100% West
Timmins Mining
Lluvia de Oro Project (Gold-Silver), Chihuahua, Mexico
Purchased from the Mexican National Mineral Reserve in
2007, the Lluvia de Oro Project hosts one of the highest grade historic
producing gold-silver systems in Mexico. Historically reported average
production grades are 95 g/t gold and 865 g/t silver. Shallow underground
production was from 3-20 metre wide veins and mantos. Sampling by the Mexican
Geological Survey indicates mineralized widths of up to 30 metres with grades
of 3-5 g/t gold, 25-50 g/t silver in silicified haloes around the main
production veins.
- Target: High-grade
epithermal gold-silver deposit; bulk tonnage gold-silver deposit
- Highlights include:
Historic production grades of 95 g/t gold and 865 g/t silver (NR07-23,
July 18, 2007)
- Activity: Detailed
mapping, sampling and trenching to commence January 2008 in preparation
for initial drill testing
- Pending Results: Results
of stream sediment sampling and prospecting pending
- Ownership: 100% West
Timmins Mining
Universo Gold Project (Gold), San Luis Potosi, Mexico
The Universo Gold Project covers a 28 kilometre long
trend of jasperoid-hosted gold occurrences in a setting strongly analogous to
the deposits of the world-class Carlin Trend in Nevada, U.S.A. Over 70 gold
mineralized occurrences are known along this trend and large areas of the
project are covered by shallow pediment.
- Target: Disseminated Carlin-type
gold deposits
- Highlights: 28
kilometre long mineralized trend, over 70 gold occurrences, multiple new
gold discoveries
- Activity: Surface
mapping, sampling and soil/talus sampling underway to define initial drill
targets in 2008
- Pending Results: Over
100 surface sample results pending
- Ownership: 100% West
Timmins Mining
Guerrero Gold Project (Gold), Guerrero, Mexico
The Guerrero Gold Project is focused on gold skarn
targets similar to Goldcorp's nearby 6 million ounce Los Filos deposit which
recently entered into production. The project covers 440 square kilometres
along the southern extension of the Guerrero Gold Belt, the fastest growing
gold district in Mexico.
- Target: Gold skarn
deposits similar to the Los Filos deposit
- Highlights: Multiple
mineralized zones identified as part of ongoing reconnaissance program
- Activity: Mapping and
surface sampling continues
- Pending Results:
Surface and geochemical sampling results are pending
- Ownership: West
Timmins Mining has an option to earn a 100% interest
La Bufa Project (Copper-Gold-Silver), Chihuahua,
Mexico
The La Bufa Project consists of a 250 square kilometre
land package adjoining the historic Batopilas mining camp. It hosts the former
producing Carmen copper-gold-silver deposit (historic reported production approximately
1 mT @ 2.50% Cu, 2.90 g/t gold, 2.80 g/t silver) and several other copper-gold-silver
vein systems.
- Target:
Copper-gold-silver vein/breccia deposits; porphyry copper deposits
- Highlights: Historic
Carmen high-grade copper-gold deposit; new vein discovery which returned
7.20% copper, 1,470 g/t silver (NR07-32, October 17, 2007)
- Activity: Mapping and sampling
of new discoveries and historic Carmen Mine commencing in 2008
- Pending Results:
Stream sediment samples and surface sampling results pending
- Ownership: 50% West
Timmins Mining; �50% interest
optioned to Trelawney Resources Inc. (TSX.V: TRR)
Yoquivo Project (Gold-Silver), Chihuahua, Mexico
The Yoquivo Gold-Silver Project covers the entirety of
the historic Yoquivo gold-silver mining district which reports historic
production grades of 10.9 g/t gold and 1,120 g/t silver. Initial drill testing
has confirmed the presence of multiple epithermal vein systems on the property.
The property is located less than 35 kilometres from and shares a number of
geological similarities with Agnico-Eagle's Pinos Altos gold-silver project.
- Target: Epithermal
gold-silver vein deposits
- Highlights: 3.01 g/t
gold and 566 g/t silver over 1.0 metre in hole 03, surface grab� from recent El Indio Discovery returned
33.30 g/t gold and 3,230 g/t silver (NR07-17, June 12, 2007)
- Activity: Phase 2
drilling program currently planned for early 2008
- Pending Results: No
results pending
- Ownership:
50% West Timmins Mining; GoldMountain Exploration (OTC: GMEX) holds an
option to earn an initial 50% interest
The
Company continues to be well financed and will drive into 2008 following the
same aggressive exploration strategy which has resulted in a number of
significant new discoveries on its projects in 2007. The information contained
herein has been previously released. The reader is referred to the Company's
website at www.westtimminsmining.com
and the Company's public fillings at www.sedar.com
for additional information.
Quality Control and Assurance
Geochemical results reported herein are from halved drill core and
surface grab samples collected from the Company's� projects in Canada and Mexico or collected by
government personnel deemed to be reliable by the QP. Core sampling was conducted
on site by trained personnel and sealed samples are transported to ALS-Chemex's
preparation facilities in Hermosillo and Chihuahua, Mexico and Timmins, Ontario
by employees of the Company and consulting firm Minera Cascabel S.A. de C. V. �in Mexico. Samples were assayed for gold by
standard fire assay- ICP finish with a 30 gram charge. Samples additionally
underwent 34 element ICP-MS analysis. Silver, zinc, copper and lead values in
excess of 100 ppm, 1%, 1% and 1% respectively were re-analyzed by fire assay. The remaining half of the drill core is stored in secure facilities on
the project sites. For quality control purposes blank and analytical control
standards were inserted into the sample sequence at regular intervals. Minor
analytical discrepancies have been previously reported but have been resolved
to the satisfaction of the Company and the qualified person. 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 sites, examined the
drill core and sampling procedures and verified the quality control results
from the projects.
About West Timmins
Mining Inc. - (www.westtimminsmining.com)
West
Timmins is focussed on the exploration and development of district-scale gold and
related base metal projects in the major gold camps of North America. Both the
Management and Board of West Timmins Mining include members of the same team
that founded MAG Silver (TSX: MAG) and Platinum Group Metals Ltd (TSX: PTM). West
Timmins Mining is based in Vancouver, British Columbia, Canada and trades on
the Toronto Stock Exchange under the symbol WTM.
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On behalf of the Board of West Timmins Mining Inc.
"Darin W. Wagner"�������������������������������������������������������������
Darin W. Wagner, �P.
Geo. President and Chief Executive Officer
For further information contact:
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Darin W. Wagner, President & CEO West Timmins Mining Inc., Vancouver Tel: (604) 685-8311 Toll Free: (866) 685-8311 E-mail: info@westtimminsmining.com
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Jordann Nettles, Manager Investor Relations West Timmins Mining Inc., Vancouver Tel: (604) 685-8311 Toll Free: (866) 685-8311 E-mail: info@westtimminsmining.com
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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 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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