|
VANCOUVER,
BRITISH COLUMBIA--(Marketwire - Nov. 4, 2009) -
- High Grade Subzone Returns 5.72 g/t Gold Over 5.00 Metres
- Deepest Hole to Date Continues to Demonstrate Continuity of Golden
River West Zone
West Timmins Mining Inc. (TSX:WTM) ("WTM" or the
"Company") today announced that the deepest hole to date
testing the down plunge extension of the Golden River Zone has
intersected gold mineralization over a down-hole thickness of 118.20
metres. Hole GW-09-54 also confirmed the continuity of the High Grade
Sub-Zone, to a vertical depth of approximately 570 metres, returning an
intercept of 5.72 g/t gold over 5.00 metres. The Golden River West Zone
is one of 11 gold mineralized zones located along the Golden River
Trend on the Company's 100% owned Thorne Property, part of the West
Timmins Gold Project, in Timmins, Ontario.
------------------------------------------------------------------------ Hole Easting Northing Dip From To Interval(i) Gold Number (metres) (metres) (metres) (g/t) ------------------------------------------------------------------------ West Zone ------------------------------------------------------------------------ GW-09-53 2200 E 450 N -75 383.00 418.60 35.60 0.53 ------------------------------------------------------------------------ GW-09-54 2200 E 450 N -90 467.40 469.40 2.00 3.59 532.80 651.00 118.20 1.03 including 532.80 533.80 1.00 8.64 and 596.00 597.00 1.00 7.98 and 633.00 638.00 5.00 5.72 ------------------------------------------------------------------------ (i)Due to uncertainties in zone orientations, true widths are not known at this time; all values are uncut
The
two holes reported were the final two holes completed on the Thorne
Property as part of the current drill program. Drilling has now been
suspended on all WTM properties pending the outcome of the November 4,
2009 Special Meeting of the shareholders of the Company where the
shareholders will consider and vote on a proposed Business Combination
with Lake Shore Gold Corp. originally announced on August 27, 2009.
Quality Control and Assurance
Geochemical results reported are from halved drill core samples
collected from WTM's 100% owned Thorne Property, part of the Company's
West Timmins Gold Project. Core samples were collected by employees and
consultants in the employ of the Company and are subject to the
Company's quality control program. Sampling was conducted on site at
the Company's exploration office in Timmins, Ontario and sealed samples
were transported to Swastika Labs preparation facilities in Swastika,
Ontario. Samples were assayed for gold by standard fire assay- ICP
finish with a 30 gram charge. Gold values in excess of 3.0 g/t were
re-analyzed to confirm reproducibility. The remaining half of the drill
core is stored on-site at the Company's Timmins exploration office.
For quality control purposes blank, duplicate and analytical control
standards were inserted into the sample sequence at irregular
intervals. Mr. Darin Wagner (M.Sc., P.Geo), the Company's President,
has acted as non-independent qualified person for this news release.
The qualified person has visited the project site, examined the
intervals reported and, has verified that the reported results meet the
Company's quality control standards.
About West Timmins Mining Inc. (www.westtimminsmining.com):
WTM is focussed on the exploration and development of district-scale
gold projects in the major gold camps of North America. On August 27,
2009 the Company announced that it had entered into a Business
Combination Agreement with Lake Shore Gold Corp. (LSG:TSX) whereby, pending
shareholder approval of the plan contemplated thereunder, all of the
outstanding shares of West Timmins Mining will be exchanged for shares
of Lake Shore Gold at a ratio of 0.73 of a share of Lake Shore Gold for
every issued and outstanding share of WTM. Upon the successful
completion of the Business Combination Agreement West Timmins Mining
will become a wholly owned subsidiary of Lake Shore Gold and the
combined companies will control a dominant land position, consisting of
over 125 square kilometres of mineral exploration and development
rights, in the quickly emerging West Timmins Gold District.
On behalf of the Board of West Timmins Mining Inc.
Darin W. Wagner, President and Chief Executive Officer
For further details 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.
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.
|