West Timmins Mining expands gold discoveries
posted on
Feb 25, 2009 04:59AM
Probe's partner continues to locate more gold in West Timmins, Ontario.
2009-02-18 Stockwatch news release.
West Timmins Drills 16.1m of 1.11 g/t Au at Hwy 144
Excerpts:
"We are very encouraged by the width of this newly discovered gold system, its location along the key sediment-ultramafic contact and the obvious comparisons to the nearby Rusk gold zone and Timmins West deposit," said Darin Wagner, president and chief executive officer of West Timmins Mining. "These results indicate that the syenite body related to the recent high-grade results at Rusk and the new discovery on our 100-per-cent-owned Hwy 144 property may be much more extensive than initially thought, opening up a great deal of additional exploration potential in the West Timmins district."
Many of the larger gold deposits, including the multimillion-ounce McIntyre, Hollinger and Dome deposits, in the Timmins gold camp, are spatially associated with porphyritic intrusions similar to the host to the new discovery on the Hwy 144 property and the deeper intersections from the Rusk zone. The increasing evidence for a spatial relationship between gold mineralization and porphyritic intrusions in the West Timmins district is therefore seen as a very positive development and has significant exploration implications for the district where the company is the dominant landholder.