(Vancouver,
April 15, 2008) West Timmins Mining Inc. (TSX: WTM)
announced today that it has retained the right to earn a 100% interest in
the Yoquivo Gold-Silver Project in Chihuahua,
Mexico.
The Yoquivo Project encompasses the entirety of the
historic Yoquivo mining district. Gold and
silver were produced from Yoquivo between 1908
and 1920, and intermittently since that time, at historically reported
average production grades of 10.90 g/t gold and 1,120 g/t silver. Work by
WTM has identified eight principal gold-silver bearing vein systems
within the Project area, the majority of which can be traced for up to 3.0 kilometres
along strike. Third-party funded drill testing in 2007 returned
encouraging results from the Gambusino, Muralla and El Indio veins, including intercepts of
3.01 g/t gold plus 566 g/t silver over 1.00 metre from Muralla and 2.66 g/t gold plus 267 g/t silver over 1.15 metres from
El Indio (see the Company’s news releases of June 12 and October
15, 2007, respectively). The Yoquivo Project is
located 35 km
southeast along regional structural trend, and shares a number of
geological similarities, with Agnico
Eagle’s Pinos Altos gold-silver
development project.
GoldMountain Exploration (OTCBB: GMEX) formerly
held an option to earn up to a 75% interest in the Yoquivo
Project but failed to meet its financial obligations, resulting in the
termination of the option agreement. It is WTM’s
intention to seek a well-financed third party to further advance the Yoquivo Project. WTM will continue to focus its
efforts on expanding the recent high-grade Thunder Creek gold discovery
in Timmins, Ontario and the large, polymetallic La Dura discovery on
its Monta�a de Oro
Project in Sonora, Mexico.
Darin Wagner, President
and CEO of the Company, is the non-independent qualified person for this
release. The qualified person has visited the project, examined the drill
core and reviewed the sample results and verified the quality control
procedures. Additional details concerning sampling and analytical
procedures are provided in the above mentioned releases which may be
viewed on the Company’s website at www.westtimminsmining.com.
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. WTM currently has five drills
expanding recent high grade gold and base metal discoveries on its Monta�a de Oro and West Timmins Gold Projects. West Timmins
Mining is based in Vancouver, British Columbia, Canada and trades on the
Toronto Stock Exchange under the symbol WTM.
On behalf of
the Board of
West Timmins Mining Inc.
“Darin W. Wagner”
Darin W. Wagner, P. Geo.
President and Chief Executive Officer
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For further information please contact:
Darin W. Wagner,
President & CEO or
Jordann Nettles, Manager, Investor Relations
West Timmins Mining Inc., Vancouver
Tel: (604) 685-8311 / Toll Free: (866) 685-8311
E-mail: info@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
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”, “projected” 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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