Intersects 1.30 g/t Gold and 13 g/t Silver Across 37.5 meters From Surface
posted on
Feb 17, 2009 06:55AM
Targeting 2013 annual production of 118,000 ounces of gold
February 17, 2009 | |
Timmins Gold Intersects 1.30 g/t Gold and 13 g/t Silver Across 37.5 meters From Surface at Cocula Project, Mexico | |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 17, 2009) - Timmins Gold (TSX VENTURE:TMM) announces the assay results of a 26 hole, 1,974 meter reverse circulation drill program at its Cocula Project in the state of Jalisco, Mexico. Highlights of the program include Hole RCC-01 which intersected 1.30 g/t gold and 13 g/t silver across 37.5 meters from surface, including 9.40 g/t gold and 22 g/t silver across 4.5 meters. Other important intercepts include Hole RCC-02, which intersected 1.22 g/t gold and 34 g/t silver across 4.5 meters, Hole RCC-03 which intersected 0.77 g/t gold and 10 g/t silver across 13.50 meters, Hole RCC-09 which intersected 0.72 g/t gold and 8.7 g/t silver across 54 meters, Hole RCC-10 which intersected 1.20 g/t gold and 13 g/t silver across 37.50 meters from surface, Hole RCC-17 which intersected 1.41 g/t gold across 10.50 meters and Hole RCC-19 which intersected 1.10 g/t gold and 17 g/t silver across 9 meters. All widths are estimated to be true widths. Complete assay and analytical results from the above holes are shown in the table below.------------------------------------------------------------ Start Finish Interval Au Ag HOLE # (m) (m) (m) g/t g/t ------------------------------------------------------------ RCC-01 0.00 37.50 37.50 1.30 13.0 ------------------------------------------------------------ Includes 0.00 7.50 7.50 5.80 21.0 ------------------------------------------------------------ Includes 0.00 4.50 4.50 9.40 22.0 ------------------------------------------------------------ ------------------------------------------------------------ RCC-02 0.00 19.50 19.50 0.40 13.0 ------------------------------------------------------------ Includes 7.50 18.00 10.50 0.70 21.0 ------------------------------------------------------------ Includes 10.50 15.00 4.50 1.22 34.0 ------------------------------------------------------------ ------------------------------------------------------------ RCC-03 0.00 48.00 48.00 0.37 5.0 ------------------------------------------------------------ Includes 4.50 18.00 13.50 0.77 10.0 ------------------------------------------------------------ Includes 7.50 15.00 7.50 1.10 14.4 ------------------------------------------------------------ ------------------------------------------------------------ RCC-09 0.00 54.00 54.00 0.72 8.9 ------------------------------------------------------------ Includes 24.00 34.50 10.50 1.80 11.0 ------------------------------------------------------------ Includes 39.00 52.50 13.50 1.40 17.5 ------------------------------------------------------------ And 60.00 64.50 4.50 0.15 2.6 ------------------------------------------------------------ ------------------------------------------------------------ RCC-10 0.00 37.50 37.50 1.20 13.0 ------------------------------------------------------------ Includes 12.00 18.00 6.00 3.10 8.4 ------------------------------------------------------------ Includes 24.00 36.00 12.00 2.00 27.0 ------------------------------------------------------------ ------------------------------------------------------------ RCC-17 4.50 15.00 10.50 1.41 2.2 ------------------------------------------------------------ Includes 4.50 9.00 4.50 3.04 2.3 ------------------------------------------------------------ ------------------------------------------------------------ RCC-19 0.00 25.50 25.50 0.44 6.8 ------------------------------------------------------------ Includes 6.00 15.00 9.00 1.10 17.0 ------------------------------------------------------------ And 36.00 40.50 4.50 0.11 1.0 ------------------------------------------------------------ ------------------------------------------------------------ Timmins Gold technical staff and management are confident that the drill program has identified a bulk tonnage target with a potential low strip ratio. The Company plans to continue with surface sampling and trenching to delineate the breccia zone, followed by further reverse circulation drilling. Qualified Person Pursuant to National Instrument 43-101, Lawrence A. Dick, Phd, P.Geo is the Qualified Person (QP) responsible for the disclosure in this news release. Field work has been conducted by Timmins Gold Corp. employees and contractors. |