Far West Mining Ltd.
TSX : FWM

Far West Mining Ltd.

July 13, 2009 09:30 ET

Far West Mining Finds Higher Iron Grades at Santo Domingo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2009) - Far West Mining Ltd. (TSX:FWM) is pleased to announce that analytical results for 22 composite samples (representing 1,274 drill intervals) from Santo Domingo returned iron grades that are on average 20% higher than previously reported. Far West Mining will submit approximately 6,500 individual drill interval samples for re-analysis using a more sophisticated analytical method and will recalculate the iron grade of the deposit that may currently be underestimated.

In the news release dated April 28, 2009, Far West Mining (the Company) announced an updated resource and new metallurgical results for its copper-iron-gold Santo Domingo Project in Chile. The news release noted that the assay grade for iron of the metallurgical composite sample was approximately 20% higher than expected. Subsequent research by the Company suggests that the iron grades report lower due to the analytical technique chosen for the exploration assay procedure and that a more sophisticated technique is required.

The analyses reported in this release were conducted during ongoing metallurgical variability test work by SGA (Studien Gesellschaft fur Eisenerz Aufbereitung, a highly reputable laboratory in Germany specialising in iron metallurgy). SGA analysed each sample for iron using titration, a very precise and reliable method of determining the total iron content of a sample. The composite samples consist of 1,274 individual drill intervals that were taken from different parts of the deposit providing a good vertical and lateral representation of the ore body.

Table 1 lists results for 22 composite samples that were analysed on a test basis. The titration method shows significant increases in each sample ranging from 2% to 33% additional iron (average of 20%).

The Company will re-submit in excess of 6,500 drill intervals from Santo Domingo for analysis of their total iron content. The results will be used to recalculate the iron grade of the Santo Domingo deposit that is currently reported at an average of 27% Fe. The results presented in this release suggest that the iron grade and consequently the amount of contained iron at Santo Domingo may be underestimated.



Table 1: Iron Grades Comparing Two Analytical Methods
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New results Old results Variation
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Sample % Fe (Titration) % Fe (ICP) %
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Subcomp1 33.10 28.80 + 14.9
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Subcomp2 30.30 26.18 + 15.7
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Subcomp3 35.10 29.11 + 20.6
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Subcomp4 32.15 24.62 + 30.6
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Subcomp5 34.90 31.48 + 10.9
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Subcomp6 37.70 32.52 + 15.9
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Subcomp7 35.50 32.67 + 8.7
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Subcomp8 37.00 36.20 + 2.2
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Subcomp9 33.60 26.41 + 27.2
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Subcomp10 29.80 24.63 + 21.0
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Subcomp11 29.10 22.75 + 27.9
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Subcomp12 28.60 23.27 + 22.9
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Subcomp13 23.00 18.95 + 21.4
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Subcomp14 34.95 26.18 + 33.5
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Subcomp15 33.10 26.57 + 24.6
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Subcomp16 23.40 18.09 + 29.4
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Subcomp17 40.10 32.41 + 23.7
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Subcomp18 36.55 31.91 + 14.5
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Subcomp19 37.10 30.25 + 22.6
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Subcomp20 27.40 23.03 + 19.0
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Subcomp21 46.00 36.19 + 27.1
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Subcomp22 35.30 28.62 + 23.3
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Average 33.35 27.77 + 20.8
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Iron grades for each drill interval in the current database were determined by four acid digestion ICP analysis as part of a multi-element exploration package. While the metallurgical test work suggests that the copper values returned from this package are very accurate, the iron grade seems to be underestimated by this method. The discrepancy is caused by two factors. The method has an upper detection limit of 50% which means that any iron above this limit is not measured and reported. The second factor is that the four acid digestion is not a total digestion method such as peroxide fusion or borate fusion and may not dissolve and measure all material.

Total digestion methods are more expensive and time consuming than the four acid digestion and are therefore seldom used for exploration purposes. All exploration samples with relevant iron content will be analyzed by a total digestion method in the future.

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.

FAR WEST MINING LTD.

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. 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. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

This news release uses the terms "inferred resources", "indicated resources", "measured resources", and "mineral resources". The Company advises investors that although these terms are recognized and required by Canadian securities regulations (under National Instrument 43-101 "Standards of Disclosure for Mineral Projects"), the US Securities and Exchange Commission does not recognize these terms. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Assessment as defined under National Instrument 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

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

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