|
Drilling Program Accelerated on WTM's
Thunder Creek Gold Property,
Timmins, Ontario
Drilling
also resumes on adjacent, 100% owned, Hwy 144 Gold Property
(Vancouver,
January 21, 2009) West Timmins Mining
Inc. (TSX: WTM) (the "Company") announced today that drilling
has resumed on the Company's Thunder Creek Property in Timmins, Ontario and
that a second drill is due to arrive onsite shortly to target the
down-plunge extension of the high-grade Rusk Gold Zone. The second drill
will initially target the area approximately 100 metres down-plunge of the
recent high-grade intercept in hole TC08-54 - 11.20 g/t gold over
10.40 metres (NR08-33,
Dec. 16, 2008). The Rusk Gold Zone has to date
demonstrated continuity for over 400 metres down-plunge, returning numerous
high-grade gold intercepts. Exploration of the Thunder Creek Property is a
joint venture between WTM and Lake Shore Gold Corp. (TSX:LSG) with LSG as
the operator.
The
Rusk Gold Zone is located less than 800 metres south of the 1.3 million
ounce Timmins West Gold Deposit where a 750 metre vertical shaft is
currently under construction. Approximately one-third of the current
22,000 metre diamond drill program on the Thunder Creek Property was
completed prior to year end. Drilling is currently anticipated to continue
at Thunder Creek into the second quarter of 2009 with a goal of further
expanding and delineating the Rusk Gold Zone, and testing additional
targets on the Property.
WTM
also announced that drilling has resumed, with one rig, on its 100% owned
Hwy 144 Property, located immediately south of the Thunder Creek Property.
The Contact Fault, which hosts both the Rusk Gold Zone and the Timmins West
Gold Deposit, can be traced through the Hwy 144 Property for over 4,000
metres. Drilling completed on the Hwy 144 Property prior to year-end,
intersected a broad alteration zone characterized by alteration and
intrusive host rocks similar to those associated with the most recent
high-grade gold intercepts from the Rusk Zone. A 16 hole, 1,800 metre
diamond drill program is currently testing this alteration zone, the
Contact Fault and additional geophysical targets, in an area approximately
200 metres south of the Thunder Creek Property.
Assay
results from 6 holes completed on the Thunder Creek Property and 10 holes
completed on the Hwy 144 Property prior to year-end remain pending. Results
will be released as they are received by the Company. In addition, final
results from 17 holes completed as part of the resource expansion and
in-fill program on WTM's Golden River West Zone are in the process of being
sampled and assayed. The Golden River West Zone is located 3.0 kilometres
southeast of the Rusk Gold Zone on WTM's 100% owned Thorne Property. The
West Zone, is one of 10 known zones of gold mineralization located along
the Golden River Fault Zone which cuts across the Thorne Property for over
5.0 kilometres. Mr. Darin Wagner (P.Geo), President and CEO of the Company,
is the non-independent qualified person for this release.
About West
Timmins Mining Inc. (www.westtimminsmining.com):
WTM is focussed on the exploration and
development of district-scale gold and related base metal projects in the
major gold camps of North America. The Company is advancing the high-grade
Rusk Gold discovery on its Thunder Creek joint venture in Timmins, Ontario
where it is currently in the midst of a 22,000 metre diamond drill program.
WTM also has active gold exploration projects in Mexico, highlighted by the
Monta�a de Oro Project in Sonora, Mexico and the high-grade Lluvia de Oro
gold-silver Project in Chihuahua, Mexico. West Timmins Mining is based in
Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange
under the symbol WTM.
-30-
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:
John Toporowski, Manager, Investor Relations
West Timmins Mining Inc., Vancouver
Tel: (604) 685-8311 / Toll Free: (866) 685-8311
E-mail: jtoporowski@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 details on West Timmins Mining Inc. please refer to
prior disclosure at http://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.
|