Far West Mining Ltd.

Far West Mining Ltd.

March 15, 2010 09:00 ET

Far West Mining Announces Results of Infill Drilling Program at Santo Domingo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 15, 2010) - Far West Mining Ltd. (TSX:FWM) has received assays from eleven reverse circulation (RC) drill holes at Santo Domingo. The drill holes were designed to tighten (infill) the drill spacing in the initial five year pit envelope as defined in the 2008 scoping study. The assay results confirm the copper, iron and gold grades in the area of the five year pit design.

In December 2009, Far West Mining ("The Company") announced a 10,000 metre drill program at Santo Domingo (extended to 14,000 metres in January 2010), consisting of diamond drill holes (DD) to collect sample material for metallurgical testing for a Pre-Feasibility Study (PFS), and reverse circulation (RC) drill holes designed to tighten the drill spacing inside the initial five year pit envelope in the 2008 scoping study.

Eleven inclined RC holes were strategically placed within the five year pit design and were drilled to a depth of 250 metres which exceeds the maximum depth of the five year pit. The drill results are listed in Table 1 and the locations of the drill holes are shown in Figure 1. The results confirm that the copper, iron and gold grades will be higher in the five year pit envelope than the average grade for the deposit.

The drill program at Santo Domingo is now complete. Cutting of core for grinding test work and for assaying is progressing well and should be completed within two to three weeks. Results for the next batch of assays are anticipated by the middle of April, 2010. A new resource estimate report will be published in June 2010.

Pre-Feasibility Study

Initial test work is in progress on the first two shipments of crushing and grinding samples comprising approximately 15,000kg of material. The results from the crushing and grinding test work will be used to update the mill throughput calculation that is an important input to the PFS.

A thorough metallurgical test work program has also been designed to test a representative composite sample as well as to conduct variability testing. Sample selection for the program will be initiated as soon as the assay results for all diamond drill holes are in hand.

The results from the resource report, the crushing and grinding test work, and the metallurgical test work will feed into a PFS for the Santo Domingo project. The grinding test work, the copper metallurgy, and iron metallurgy must be scheduled sequentially and the PFS is now not expected to be completed until December 2010.

Table 1 - Drill Results

Drill hole Number Angle (degrees) From (metres) To (metres) Interval (metres) Grade (% Cu) Grade (% Fe) Grade (g/t Au)
377 -75 76 122 46 0.94 34.7 0.13
  incl. 78 92 14 1.76 39.2 0.25
    232 250 EOH 18 0.58 34.1 0.08
378 -75 124 208 84 0.51 34.0 0.07
  incl. 192 206 14 1.09 36.7 0.15
380 -75 54 250 EOH 196 0.46 25.4 0.06
381 -75 186 240 56 0.72 32.80 pending
382 -75 48 76 28 0.40 30.9 0.03
    172 250 EOH 88 0.59 28.8 0.08
383 -75 0 64 64 0.35 14.7 0.04
    76 134 58 0.93 34.4 0.15
    216 250 EOH 34 0.34 34.5 0.05
385 -75 150 162 12 0.55 31.6 0.07
    188 212 24 0.55 41.4 0.09
386 -75 42 190 148 0.72 30.7 0.09
388 -75 30 198 168 0.83 32.2 0.11
389 -75 146 250 EOH 104 0.68 31.5 0.09
390 -75 68 108 40 0.47 15.2 0.07
    144 200 56 1.05 34.8 0.13
    244 250 EOH 6 0.60 37.5 0.07

The ore bodies at Santo Domingo display a gentle dip towards the northwest. Reported intervals in all drill holes that were drilled perpendicular to the dip direction are therefore very close to true width.

To view Figure 1, please click on the following link:

The in-house qualified person is Richard N. Zimmer, P. Eng., Chief Executive Officer, President and a director of the Company who has reviewed and approved the contents of this news release.

Far West Mining Ltd. is an international mineral exploration company engaged in the evaluation, acquisition, exploration and development of mining properties in Chile and Australia.


Richard N. Zimmer, P.Eng., President and C.E.O.

For further information investors should review the Company's filings that are available at www.sedar.com.

This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

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