WTM VESTS 100% INTEREST IN MONTA�A DE ORO PROJECT, SONORA, MEXICO
(Vancouver, November 3, 2008) West Timmins Mining Inc. (TSX: WTM) (the "Company") announced today that it has made its final instalment payment and has now fully vested its 100% interest in the 93 square kilometre former Monta�a de Oro-Baboyahui National Mineral Reserve which sits at the core of the Company's Monta�a de Oro Project in southern Sonora, Mexico. The former Reserve area, and surrounding 100% WTM held concessions, host the La Dura East, West and Copper Porphyry discoveries as well as a number of gold-silver epithermal vein systems, all of which are the targets of on-going exploration by the Company.
- La Dura Copper Porphyry - Copper-gold-silver porphyry system intersected by drilling for over 1,000 metres along strike with mineralized intersections ranging from 60 to over 300 metres; 8 drill holes remain pending
- La Dura East - Lead-Zinc-Silver-Gold skarn system which has been intersected by drilling for 3,000 metres along strike with mineralized widths of up to 95 metres
- La Dura West - Massive Zinc-Copper-Gold-Silver sulphide zone intersected in shallow drilling with mineralized intercepts ranging between 10 and 31 metres
- Violetta/Don Pancho - Gold-silver epithermal vein system traced for over 700 metres in shallow drilling, drill intercepts to 35.50 g/t gold, 93 g/t silver over 1.45 metres
- BA Copper - Porphyry style Copper-Gold-Silver Zone located 3.0 kilometres north of La Dura Copper in same geological setting; remains untested
- El Palmar - New, undrilled polymetallic epithermal vein system traced for over 500 metres along strike with channel samples returning 7.67 g/t gold over 1.40 metres
- El Chapote - Epithermal Gold-Silver Breccia Vein System traced on surface for over 600 metres, ranges from 3 to 20 metres in width with average reported grades of 4 g/t gold; remains untested
- Penasco Blanco - New Gold-Silver Epithermal Vein discovery, initial grab sample runs 5.6 g/t gold, 396 g/t silver; remains untested
Established in the 1970's to cover the interpreted source area of one of the largest placer gold districts in Mexico, the Monta�a de Oro-Baboyahui National Mineral Reserve was auctioned off by the Mexican government in 2004 with WTM being the successful bidder at $1,432,116 (Mxn 14,100,000). The interpreted bedrock source for the placer gold deposits occurs within the former Reserve, in close proximity to WTM's recent La Dura Copper Porphyry discovery. A 1% net smelter royalty is payable to the Government of Mexico on future metal production from the former Reserve area. The balance of the 600 square kilometre Monta�a de Oro Project is 100% owned by WTM and is free of royalty interests.
WTM has recently completed a ground geophysical program in the La Dura area which successfully outlined a number of high priority targets along strike/down dip from the known zones of mineralization as well as new target areas which have not been tested by previous exploration.
The Company also announced that it has returned the Yoquivo Project in Sonora, Mexico to the property vendor.
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. In August the Company commenced a 22,000 metre drill program targeting the recently discovered high-grade Rusk Gold Zone on its Thunder Creek JV Property in Timmins, Ontario. WTM also has five exploration projects in Mexico, highlighted by the Monta�a de Oro Project and the nearby 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: Mr. John Toporowski, Manager, Investor Relations West Timmins Mining Inc., Vancouver Tel: (604) 685-8311 / Toll Free: (866) 685-8311 E-mail: jtoporowski@westtimminsmining.com Or 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 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. |