WTM VESTS 100% OWNERSHIP OF LLUVIA DE ORO GOLD-SILVER PROJECT, CHIHUAHUA, MEXICO
(Vancouver, July 9, 2009) West Timmins Mining Inc. (TSX: WTM) (the "Company") announced today that it has completed the purchase of the high-grade LLuvia de Oro Gold-Silver Project located in Chihuahua, Mexico and now owns a 100% undivided interest in the Project. The Lluvia de Oro project hosts one of the highest grade, historic gold-silver producers in Mexico. The Lluvia de Oro Project was purchased from the Mexican National Mineral Reserve for US$ 550,095 (Cdn $610,891), with the final instalment of US$110,079 (Cdn $126,454) paid July 3, 2009.
Historically reported average production grades from the Lluvia de Oro mine were 95 g/t (2.8 oz/ton) gold and 850 g/t (24.8 oz/ton) silver. Mining from three shallow horiztonal adits occurred at Lluvia de Oro between 1899 and 1915, and again between 1948 and 1952, prior to the project being placed into the Mexican National Mineral Reserve.
WTM has rehabilitated and sampled a large portion of the underground workings at Lluvia de Oro, sampled historic drill core from the project - both with positive results (see Press Releases NR08-24, Sept. 09, 2008 and NR08-29, Nov. 6, 2008) - reached an exploration access agreement with the local Ejido and conducted property wide mapping and geochemical sampling. Ten high priority drill targets have been identified and plans for a fall 2009 drill program are currently being reviewed in the context of WTM's recent high-grade gold discoveries in Timmins, Ontario.
The Lluvia de Oro Project is located in southern Chihuahua State, Mexico, less than 30 kilometres to the east of Goldcorp's El Sauzal open-pit gold deposit, which is one of the largest gold mining operations in Mexico and Goldcorp's lowest cost gold producer. A 1% NSR royalty is payable to the Government of Mexico on commencement of commercial production from the Lluvia de Oro Project. 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 historic information provided by the government of Mexico and supervised the Company's exploration activities on the Project.
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. The Company recently reported broad high-grade gold results from the Porphyry Gold Zone on its Thunder Creek joint venture in Timmins, Ontario and continues to test the nearby 5.0 kilometre long Golden River Trend. WTM controls over 80% of the rapidly evolving West Timmins Gold District, home to the Rusk, Porphyry and Golden River gold zones. WTM also has a number of gold exploration projects in Mexico, highlighted by the high-grade Lluvia de Oro gold-silver Project in Chihuahua State and the Universo Gold Project in San Luis Potosi State. West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.
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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: Darin W. Wagner, President & CEO 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 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.
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