News
Release
Drilling Expands Estrellita Copper
Deposit on the Santo Domingo Property in Chile
Vancouver, BC. – Far West Mining Ltd.
(TSX: FWM) is pleased to
report the results from 29 reverse circulation (RC) drill holes completed at the
Estrellita deposit on the Company’s Santo Domingo Property in Chile. �Drilling
has extended the deposit 200 metres to the southwest and 100 metres to the east.
�The deposit remains open to the west, southwest and the northeast.� A
geophysical survey designed to improve the targeting of drill holes around the
Santo Domingo Sur, Estrellita and Iris deposits as well as generate additional
exploration drill targets on the Santo Domingo Property is scheduled to
commence in the third week of August.
Highlights
�
Drilling extends
mineralization at the Estrellita deposit 200 metres to the southwest and 100
metres to the east.
�
Mineralization
in hole 4a3-311 begins on surface and includes 22 metres grading 0.99% copper
within a wider zone of 60 metres grading 0.59% copper.
�
Mineralization
in hole� 4a3-312 includes 16 metres of 1.08% copper.
�
A geophysical
survey designed to improve the targeting of drill holes and generate additional
exploration drill targets is scheduled to commence in the third week of August.
Estrellita Deposit
The recent drill program at Estrellita was designed to extend and define
the margins of the deposit, and clarify the structural framework to aid in modelling
the ore body for the initial resource calculation.
Drill hole 4a3-297 confirmed previously reported results from drill hole
293 and intersected 14 metres of 0.93% copper at a depth of 102 metres. �In
addition, the drill hole extended the mineralized zone 100 metres to the east. �Holes drilled south and east of �drill
hole 297, however, did not intersect mineralization and support the possibility
that the Estrellita deposit has been offset towards the north and down-dropped
by a north-south fault (see news release from June 25, 2007).� Additional drilling will be required to
determine the western and northeastern margins of the deposit ..
Drill holes 303 through 306 are located in a structurally complex part
of the deposit along its northern margin.� Holes 303 and 304 intersected mineralized
intervals (see table below) while holes 305 and 306 intercepted barren volcanic
rocks in a separate fault block, thus determining the limit of mineralization at
this location.
Drill holes 307 through 323 are short inclined holes that were designed
to define the southern margin of the deposit. The presence of mineralization in
holes 321 and 323 clarifies that the deposit remains open towards the southwest
where additional drilling will be carried out at a later date. Drill holes 324
and 325 are short inclined holes that were drilled to determine the position of
a structure at the northwestern corner of the deposit.�
����������� ���� Drill results from
Estrellita are tabled below:
Drill hole
Number
|
Angle
(degrees)
|
From
(metres)
|
To
(metres)
|
Interval
(metres)
|
Grade
(% Cu)
|
|
|
|
|
|
|
4a3-297
|
-70
|
102
|
116
|
14
|
0.93
|
|
|
|
|
|
|
4a3-302
|
-60
|
26
|
46
|
20
|
0.57
|
Incl.
|
|
38
|
46
|
8
|
1.03
|
|
|
|
|
|
|
4a3-303
|
-70
|
56
|
82
|
26
|
0.39
|
|
|
116
|
148
|
32
|
0.44
|
|
|
|
|
|
|
4a3-304
|
-70
|
90
|
114
|
24
|
0.83
|
incl.
|
|
90
|
102
|
12
|
1.07
|
|
|
|
|
|
|
4a3-310
|
-70
|
0
|
20
|
20
|
0.62
|
incl.
|
|
14
|
20
|
6
|
1.51
|
|
|
|
|
|
|
4a3-311
|
-70
|
0
|
60
|
60
|
0.59
|
incl.
|
|
0
|
22
|
22
|
0.99
|
|
|
|
|
|
|
4a3-312
|
-70
|
0
|
128
|
128
|
0.43
|
incl.
|
|
68
|
84
|
16
|
1.08
|
|
|
|
|
|
|
4a3-313
|
-70
|
56
|
64
|
8
|
1.02
|
|
|
|
|
|
|
4a3-314
|
-70
|
18
|
22
|
4
|
1.33
|
|
|
|
|
|
|
4a3-321
|
-60
|
92
|
96
|
4
|
1.20
|
|
|
104
|
122
|
18
|
0.69
|
|
|
|
|
|
|
4a3-323
|
-60
|
0
|
8
|
8
|
1.07
|
|
|
110
|
126
|
16
|
0.74
|
|
|
|
|
|
|
True widths of intercepts from drill holes angled at -60� and -70� to the
south are
approximately 87% and 94% respectively of the reported widths.�
Santo Domingo Property �-�
Exploration
Drilling
on the Santo Domingo Property was suspended in mid July to permit the Company
to conduct an electromagnetic geophysical survey. ��It is anticipated that
drilling will recommence at a later date.
Exploration
on the Santo Domingo Property to date has been based on magnetic and gravity
geophysical data obtained from a FalconTM airborne survey. �While
the survey can detect the presence of magnetic and non magnetic iron oxide
deposits, it cannot detect the presence of associated copper sulphides. High
grade copper sulphide intersections in the �Santo Domingo Sur deposit have been
found to be conductive and should respond to an electromagnetic survey.
The
survey will be carried out over prospective areas of the Santo Domingo Property.
The dataset from such a survey has the potential to greatly improve the
targeting of future drill holes around the Santo Domingo Sur, Estrellita and
Iris deposits as well as generate additional exploration drill targets on the
Santo Domingo Property.� The survey is scheduled to commence in the third week
of August.
FalconTM gravity image showing the location of
Far West drill holes at the Estrellita deposit.
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 10,000ppm. Gold was analyzed by fire assay with atomic
absorption finish using a 30g pulverized sample.
The in-house qualified person is Robert E.
Hindson, P. Eng., Chief Executive Officer, President and a director of Far West, who has 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,
www.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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