News
Release
Far
West Provides Update on the 2007 Drilling
�Program in Progress at the Santo Domingo Property in Chile
Vancouver, BC. – Far West Mining Ltd.
(TSX: FWM) is pleased to
provide an update on the continuing exploration drilling program at the Santo Domingo Property in Chile.� Since January
22, 2007 the Company has carried out drill programs
to test
the northern extension of the Santo Domingo Sur deposit, explore exposed mantos proximal to the Estefania mine workings, and test coincident
magnetic and gravity signatures within structurally favourable areas in the 4a2 Target area located 2km southwest
of Santo Domingo Sur.
Drilling on the Santo Domingo Sur deposit has extended the
copper bearing mantos up to 300m to the north in the western part of the
deposit.� The copper bearing mantos are variably mineralized with the best
hole, 4a3-250, grading 1.01%
Cu over
46m from 224m to 270m and 0.62% Cu over 16m from 294m to 310m.
Drilling
in the vicinity of the
Estefania mine workings and in
the 4a2 Target area encountered weak copper mineralization
hosted by narrow structures and
thin poorly developed mantos.
Drilling is currently being carried out to the south and east
of the Santo Domingo Sur deposit prior to returning the drill to the Estrellita
area where a large number of drill pads have been prepared.� A thirty hole,
7,500m program is planned at Estrellita to test the eastern and western
extensions of the mineralized zone that was defined in 2006.� Following the
completion of this program, a 9,600m drill program will be conducted in the
area between Estefania and Santo Domingo Sur where multiple magnetic and
gravity anomalies remain to be tested.
Santo Domingo Sur
Drilling
to the north of the Santo Domingo Sur deposit
commenced on February
26th in an attempt to expand the mineralized zone.� Eighteen
reverse circulation (RC) holes were drilled at 100m to 300m step-outs from the
holes completed along the northern border in 2006.� The recent drilling
indicates that the iron manto sequence continues to dip to the north, thins to
the east, and the copper content of the mantos diminishes to the north and east
of hole 4a3-75� which encountered 100m grading 0.95% Cu at a depth of 210m.
Assay
results for nine of the eighteen holes drilled have been received and are
reported in this release.� The copper bearing
mantos are variably mineralized with the best hole, 4a3-250, grading 1.01% Cu over 46m from 224m to 270m and 0.62% Cu over 16m from 294m
to 310m.� The Santo Domingo Sur
deposit has been expanded an additional 250-300m to the northwest although the
copper content of the mantos intersected are lower than previously encountered.
FALCONTM gravity image of the Santo Domingo Sur deposit
showing the location of drill holes reported in this release.
Of the nine holes reported in this release, six intersected copper
bearing iron oxide manto style mineralization of variable grade and thickness.�
Results are tabled below:� �������
Drill hole
Number
|
Angle
(degrees)
|
From
(metres)
|
To
(metres)
|
Interval
(metres)
|
Grade
(% Cu)
|
|
|
|
|
|
|
4a3-250
|
-90
|
224
|
270
|
46
|
1.01
|
|
|
294
|
310
|
16
|
0.62
|
|
|
|
|
|
|
4a3-251
|
-90
|
24
|
38
|
14
|
1.20
|
|
|
68
|
74
|
6
|
0.40
|
|
|
230
|
242
|
12
|
0.65
|
|
|
256
|
274
|
18
|
0.38
|
|
|
|
|
|
|
4a3-253
|
-90
|
274
|
284
|
10
|
0.84
|
|
|
292
|
296
|
4
|
0.48
|
|
|
|
|
|
|
4a3-255
|
-90
|
150
|
166
|
16
|
0.50
|
|
|
212
|
248
|
36
|
0.83
|
|
|
290
|
296
|
6
|
0.40
|
|
|
|
|
|
|
4a3-256
|
-90
|
220
|
226
|
6
|
0.51
|
|
|
256
|
262
|
6
|
0.83
|
|
|
|
|
|
|
4a3-258
|
-90
|
284
|
298
|
14
|
0.70
|
|
|
310
|
314
|
4
|
0.76
|
|
|
320
|
340
|
20
|
0.72
|
|
|
|
|
|
|
The intercepts reported for all the vertical holes are greater
than the true width of the mantos which have an approximate dip of 20� to the
northwest.� The true width of all intercepts reported is approximately 94% of
the stated width.
Holes 4a3-252
and 254 were drilled to the west of hole 4a3-75 and encountered a sequence of andesitic volcanics overlying
intercalated limestones and volcanic tuffs.� The results from these holes
indicate the presence of a fault that appears to define the western limit of
the Santo Domingo Sur deposit.� Additional drilling further to the west will be
required to test the potential for another mineralized fault block.� Hole
4a3-257 encountered iron mantos but did not return any significant copper
values.
Estefania
Eight
reverse circulation (RC) drill holes were placed in a 500m by 350m area around
the Estefania mine workings to test exposed iron mantos hosting copper oxide mineralization.�
Seven
of the holes intersected multiple widely spaced and narrow iron mantos that were weakly mineralized.� The best hole
intersected a near-surface 14m wide manto grading 0.57% Cu that is proximal to
a well mineralized structure previously mined by small scale miners.� No
further drilling is planned for the Estefania area at this time.
It is important to note that a large
1.5 km long, coincident gravity and magnetic anomaly between Estefania and the
Iris mine workings remains to be tested. �A 9,600m exploration drill program has been designed to test
this area after the drilling in the Estrellita/Pichanga area. �The
Pichanga mine workings are located approximately 600m to the west of the
currently defined mineralization at Estrellita.
4a2
Target Area
The
4a2 Target area is located 2km southwest of the Santo Domingo Sur deposit and
covers an area of 2500m by 1500m.� It is defined by coincident magnetic
and gravity signatures and hosts the Caprichosa artisanal mining area on its
western boundary where oxide copper in sub vertical vein structures has been
mined in the past.� Nine RC holes were drilled to test various targets in the vicinity of
the Caprichosa workings and eight were drilled to test
exposed iron oxide mantos overlain by intrusive and volcanic
sequences on the eastern side of the anomaly.� None of the
holes intersected significant mineralization and no further drilling is planned
for the 4a2 Target area at this time.
Assaying Procedures
A QAQC
(quality assurance, quality control) program conducted by Far West consisted of
the introduction of standard, duplicate, and blank samples into the sample
sequence at regular intervals.� Standard samples were prepared by CDN Resource
Laboratories Ltd. of Delta, B.C.
Samples were
subjected to aqua regia digestion and analysed for 27 elements by ICP-MS
(induced coupled plasma mass spectrometry).� Atomic absorption was used to
determine copper values exceeding 10,000 ppm. Gold was analyzed by fire assay
with atomic absorption finish using a 30g pulverized sample.
The in-house
qualified persons responsible for the Projects are Robert E. Hindson, P. Eng.,
Chief Executive Officer, President and a director of Far West, and J. Patricio
Varas, P. Geo., Vice-President and a director of Far West, both of whom have
reviewed and approved the contents of this news release.
Far West
Mining Ltd. is an international mineral exploration company engaged in the
evaluation, acquisition, exploration and development of mining properties. The
company has current operations in Chile
(100% Far West) as well as in Argentina
and Australia
in collaboration with its strategic alliance exploration partner BHP Billiton.
FAR WEST MINING LTD.�
“Robert E.
Hindson”�
Robert E. Hindson, P.Eng.
President and C.E.O.
For further information investors should review the
Company’s filings that are available at www.sedar.com
or contact Marlene Mathison, manager corporate relations at (604) 602-9144 or info@farwestmining.com ..
The TSX does not accept responsibility for the adequacy or accuracy of
this news release.
This news release contains certain statements that may be deemed
“forward-looking statements”.� All statements in this release,
other than statements of historical fact, that address future production,
reserve potential, exploration drilling,� exploitation activities and events or
developments that the Company expects to occur, are forward looking
statements.� Forward looking statements are statements that are not historical
facts and are generally, but not always, identified by the words “expects”,
“plans” “anticipates”, “believes”,
“intends”, “estimates”, “projects”,
“potential” and similar expressions, or that events or conditions
“will”, “would”, “may”, “could”
or “should” occur.� Information inferred from the interpretation of
drilling results and information concerning mineral resource estimates may also
be deemed to be forward looking statements, as it constitutes a prediction of
what might be found to be present when and if a project is actually developed.�
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results may differ
materially from those in the forward-looking statements. Factors that could
cause the actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes, and
continued availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward-looking statements.�
Forward looking statements are based on the beliefs, estimates and opinions of
the Company’s management on the date the statements are made.� The
Company undertakes no obligation to update these forward-looking statements in
the event that management’s beliefs, estimates or opinions, or other
factors, should change.
The news
release uses the term “indicated resource”.� The Company advises
investors that although this term is recognized and required by Canadian
securities regulations (under National Instrument 43-101 “Standards of
Disclosure for Mineral Projects”), the US Securities and Exchange
Commission does not recognize this term.� Investors are cautioned not to assume
that any part of or all of the mineral deposits in these categories will ever
be converted into reserves.
Marlene Mathison
Manager, Corporate Relations
Far
West Mining Ltd.
Suite
390-1090 W. Georgia St.
Vancouver, BC,
V6E 3V7
T: 604-602-9144 F: 604-602-9155
www.farwestmining.com
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