West Timmins Mining Inc.

West Timmins Mining Inc.

January 07, 2008 08:00 ET

West Timmins Mining Plans an Active 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2008) - West Timmins Mining Inc. (TSX:WTM) will resume drilling on three important new discoveries with five drills on four properties in Canada and Mexico within the next two weeks. Follow-up and step out drilling campaigns on these discoveries highlight WTM's exploration plans for 2008. The Company provides the following updates and summary of its exploration activities:

New Discovery - Canada

Thunder Creek Property (Gold), West Timmins Gold Project, Timmins, Ontario

- Target: High-grade mesothermal gold deposits

- Highlights: 24.61 g/t gold over 7.0 metres in hole TC07-36 (NR07-41, December 4, 2007) and 12.01 g/t gold over 3.10 metres in hole TC07-30 (NR07-28, September 6, 2007)

- Activity: 2 drills to resume drilling mid-January

- Pending Results: 5 holes pending

- Ownership: Joint Venture - 40% West Timmins Mining, 60% Lake Shore Gold (TSX:LSG)

New Discoveries - Mexico

La Dura West Zone (Zinc-Copper-Gold-Silver), Montana de Oro Project, Sonora

- Target: High-grade zinc-copper-gold-silver deposits; disseminated gold (+/-copper) deposits

- Highlights: 6.05% zinc, 0.94% copper, 51.48 g/t silver and 0.80 g/t gold over 31.16 metres grading in hole LD07-15 (NR07-39, November 28, 2007)

- Activity: Drill testing extensions of this near surface discovery

- Pending Results: 8 holes pending from La Dura West Area

- Ownership: 100% West Timmins Mining

La Dura East Zone (Zinc-Lead-Silver), Montana de Oro Project, Sonora

- Target: Bulk tonnage zinc-lead-silver skarn/breccia deposits

- Highlights: 3 kilometre long mineralized trend with drill intercepts including 2.51% combined lead + zinc, 8.81 g/t silver over 95.75 metres in hole LD07-01 starting at surface (NR07-16, May 29, 2007)

- Activity: Ongoing drill testing includes follow-up holes in discovery area and northern extension of La Dura East trend

- Pending Results: 8 holes pending

- Ownership: 100% West Timmins Mining

West Timmins Mining holds large land positions in both Canada and Mexico that surround these new discoveries with multiple targets, many of which have initial drill intercepts identified for active follow-up. The Company controls large project positions, including former producing high-grade gold-silver mines which are being prepared for modern exploration and drill testing in 2008.

Canadian Exploration Projects

West Timmins Gold Project (Gold), Ontario, Canada

The West Timmins Gold Project covers 114 square kilometres of the western extension of North America's number one gold producing camp - the 70 million ounce Timmins Gold Camp. The West Timmins Gold Project is comprised of ten individual properties which completely surround the Timmins Camp's latest million ounce gold discovery. WTM's land holdings host 35 known zones of gold mineralization, including the new Thunder Creek gold discovery and the Golden River Zone.

Thunder Creek Property (Gold) - see New Discoveries

Thorne Property (Gold)

- Target: High-grade and bulk tonnage mesothermal gold deposits

- Highlights: 5.0 kilometre long Golden River Zone which hosts a near-surface NI43-101 compliant inferred gold resource of 400,000 ounces (4.0 mT @ 3.0 g/t; Band-Ore Resources, 1998)

- Status: Results pending from recent testing of the high-grade Pond, No.14 and bulk tonnage West Zones

- Pending Results: 16 holes pending

- Ownership: 100% West Timmins Mining

Hwy 144 Property (Gold)

- Target: High-grade mesothermal gold deposits

- Highlights: 8.0 metres grading 1.05 g/t gold discovered in setting similar to Thunder Creek and Timmins West gold discoveries (NR07-01, January 18, 2007)

- Status: Currently drill testing western extension of this discovery

- Pending Results: 2 holes pending

- Ownership: 100% West Timmins Mining

Mexican Exploration Projects

Montana de Oro Project (Gold-Silver-Copper-Zinc), Sonora, Mexico

This 100% owned property position was won at auction from the Mexican Government in 2004 after being held in the country's national mineral reserve for more than 20 years. The 585 square kilometre Montana de Oro Project is located in the heart of the Sierra Madre Belt, one of the world's most active exploration regions. Located 15 kilometres south of the Coeur d'Alene Mines' Palmarejo silver-gold deposit and 50 kilometres east of Goldcorp's El Sauzal gold-silver mine, the Montana de Oro Project hosts a number of zones of gold-silver and polymetallic mineralization. The Project area also covers the source region for one of the largest and richest placer gold districts in Mexico.

La Dura East (Zinc-Copper-Silver-Gold) - see New Discoveries

La Dura West (Zinc-Lead-Silver) - see New Discoveries

Zataque Zone (Gold-Silver)

- Target: Bulk tonnage gold-silver deposits

- Highlights: Surface gold and silver anomalies associated with a 1600 metre long by 1000 metre wide induced polarization anomaly

- Activity: Currently drill testing

- Pending Results: 2 holes pending

- Ownership: 100% West Timmins Mining

La Violetta/Don Pancho Zone (Gold-Silver)

- Target: Epithermal gold-silver vein deposits

- Highlights: 7.36 g/t gold, 563 g/t silver over 6.0 metres in underground sampling on main Violetta vein (NR07-35, November 8, 2007) and 35.60 g/t gold , 93 g/t silver over 1.45 metres in hole DP07-06 from Don Pancho (NR07-30, September 25, 2007)

- Activity: Mapping in preparation for further drill testing in first quarter 2008

- Pending Results: No results pending

- Ownership: La Violetta- West Timmins Mining has an option to earn 70% from MacMillan Gold (TSX VENTURE:MMG); Don Pancho- 100% West Timmins Mining

El Rodeo (Gold-Silver)

- Target: Epithermal gold-silver breccia/vein deposits

- Highlights: Breccia system traced for over 1,000 metres; hole ER06-01 returned 4.58 metres grading 9.58 g/t gold, 122 g/t silver (NR07-15, April 26, 2007)

- Activity: Additional drill testing planned for second quarter 2008

- Pending Results: 17 holes pending

- Ownership: 100% West Timmins Mining

Lluvia de Oro Project (Gold-Silver), Chihuahua, Mexico

Purchased from the Mexican National Mineral Reserve in 2007, the Lluvia de Oro Project hosts one of the highest grade historic producing gold-silver systems in Mexico. Historically reported average production grades are 95 g/t gold and 865 g/t silver. Shallow underground production was from 3-20 metre wide veins and mantos. Sampling by the Mexican Geological Survey indicates mineralized widths of up to 30 metres with grades of 3-5 g/t gold, 25-50 g/t silver in silicified haloes around the main production veins.

- Target: High-grade epithermal gold-silver deposit; bulk tonnage gold-silver deposit

- Highlights include: Historic production grades of 95 g/t gold and 865 g/t silver (NR07-23, July 18, 2007)

- Activity: Detailed mapping, sampling and trenching to commence January 2008 in preparation for initial drill testing

- Pending Results: Results of stream sediment sampling and prospecting pending

- Ownership: 100% West Timmins Mining

Universo Gold Project (Gold), San Luis Potosi, Mexico

The Universo Gold Project covers a 28 kilometre long trend of jasperoid-hosted gold occurrences in a setting strongly analogous to the deposits of the world-class Carlin Trend in Nevada, U.S.A. Over 70 gold mineralized occurrences are known along this trend and large areas of the project are covered by shallow pediment.

- Target: Disseminated Carlin-type gold deposits

- Highlights: 28 kilometre long mineralized trend, over 70 gold occurrences, multiple new gold discoveries

- Activity: Surface mapping, sampling and soil/talus sampling underway to define initial drill targets in 2008

- Pending Results: Over 100 surface sample results pending

- Ownership: 100% West Timmins Mining

Guerrero Gold Project (Gold), Guerrero, Mexico

The Guerrero Gold Project is focused on gold skarn targets similar to Goldcorp's nearby 6 million ounce Los Filos deposit which recently entered into production. The project covers 440 square kilometres along the southern extension of the Guerrero Gold Belt, the fastest growing gold district in Mexico.

- Target: Gold skarn deposits similar to the Los Filos deposit

- Highlights: Multiple mineralized zones identified as part of ongoing reconnaissance program

- Activity: Mapping and surface sampling continues

- Pending Results: Surface and geochemical sampling results are pending

- Ownership: West Timmins Mining has an option to earn a 100% interest

La Bufa Project (Copper-Gold-Silver), Chihuahua, Mexico

The La Bufa Project consists of a 250 square kilometre land package adjoining the historic Batopilas mining camp. It hosts the former producing Carmen copper-gold-silver deposit (historic reported production approximately 1 mT @ 2.50% Cu, 2.90 g/t gold, 2.80 g/t silver) and several other copper-gold-silver vein systems.

- Target: Copper-gold-silver vein/breccia deposits; porphyry copper deposits

- Highlights: Historic Carmen high-grade copper-gold deposit; new vein discovery which returned 7.20% copper, 1,470 g/t silver (NR07-32, October 17, 2007)

- Activity: Mapping and sampling of new discoveries and historic Carmen Mine commencing in 2008

- Pending Results: Stream sediment samples and surface sampling results pending

- Ownership: 50% West Timmins Mining; 50% interest optioned to Trelawney Resources Inc. (TSX VENTURE:TRR)

Yoquivo Project (Gold-Silver), Chihuahua, Mexico

The Yoquivo Gold-Silver Project covers the entirety of the historic Yoquivo gold-silver mining district which reports historic production grades of 10.9 g/t gold and 1,120 g/t silver. Initial drill testing has confirmed the presence of multiple epithermal vein systems on the property. The property is located less than 35 kilometres from and shares a number of geological similarities with Agnico-Eagle's Pinos Altos gold-silver project.

- Target: Epithermal gold-silver vein deposits

- Highlights: 3.01 g/t gold and 566 g/t silver over 1.0 metre in hole 03, surface grab from recent El Indio Discovery returned 33.30 g/t gold and 3,230 g/t silver (NR07-17, June 12, 2007)

- Activity: Phase 2 drilling program currently planned for early 2008

- Pending Results: No results pending

- Ownership: 50% West Timmins Mining; GoldMountain Exploration (OTCBB:GMEX) holds an option to earn an initial 50% interest

The Company continues to be well financed and will drive into 2008 following the same aggressive exploration strategy which has resulted in a number of significant new discoveries on its projects in 2007. The information contained herein has been previously released. The reader is referred to the Company's website at www.westtimminsmining.com and the Company's public fillings at www.sedar.com for additional information.

Quality Control and Assurance

Geochemical results reported herein are from halved drill core and surface grab samples collected from the Company's projects in Canada and Mexico or collected by government personnel deemed to be reliable by the QP. Core sampling was conducted on site by trained personnel and sealed samples are transported to ALS-Chemex's preparation facilities in Hermosillo and Chihuahua, Mexico and Timmins, Ontario by employees of the Company and consulting firm Minera Cascabel S.A. de C.V. in Mexico. Samples were assayed for gold by standard fire assay- ICP finish with a 30 gram charge. Samples additionally underwent 34 element ICP-MS analysis. Silver, zinc, copper and lead values in excess of 100 ppm, 1%, 1% and 1% respectively were re-analyzed by fire assay. The remaining half of the drill core is stored in secure facilities on the project sites. For quality control purposes blank and analytical control standards were inserted into the sample sequence at regular intervals. Minor analytical discrepancies have been previously reported but have been resolved to the satisfaction of the Company and the qualified person. Mr. Darin Wagner (M.Sc., P.Geo.), the Company's President, has acted as qualified person for this news release. The qualified person has visited the project sites, examined the drill core and sampling procedures and verified the quality control results from the projects.

About West Timmins Mining Inc. (www.westtimminsmining.com)

West Timmins is focussed on the exploration and development of district-scale gold and related base metal projects in the major gold camps of North America. Both the Management and Board of West Timmins Mining include members of the same team that founded MAG Silver (TSX:MAG) and Platinum Group Metals Ltd (TSX:PTM). West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.

On behalf of the Board of West Timmins Mining Inc.

Darin W. Wagner, P.Geo., President and Chief Executive Officer

For further detail 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.

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.

Contact Information

  • West Timmins Mining Inc.
    Darin W. Wagner
    President & CEO
    (604) 685-8311 or Toll Free: 1-866-685-8311
    West Timmins Mining Inc.
    Jordann Nettles
    Manager Investor Relations
    (604) 685-8311 or Toll Free: 1-866-685-8311
    Email: info@westtimminsmining.com
    Website: www.westtimminsmining.com